Exploring Advantageous Applications of Secondhand Tires Leveraging Sustainable Practices Across Industries

Though it is debatable among car owners whether it is a good idea to opt for used car tires or to always go for new tires, secondhand tires sometimes come out as a suitable option. Secondhand tires significantly offer the best performance out of individual vehicles in a much cheaper way. This blog talks about the advantages of secondhand tires benefiting industries and the vital elements driving the market, such as the latest product launches and the strategic alliances between the leading companies in the industry. 

Favorable use cases of secondhand tires driving the market:

Today, governments of many nations are focusing on emerging environmental issues such reduction of waste dumping. Individuals often simply throw away the used tires and buy new ones. All dumped tires are not bad in quality. Nowadays, many vehicle manufacturers are effectively dealing with the glut of unused tires and delivering many good-conditioned tires fit for different models. 

Cost-effectiveness is another big advantage of using recycled tires. The price of secondhand tires is much lower than new counterparts. Though they possess some safety risks associated with being easily worn out, there are also good-conditioned tires that can act as a lifesaver for individuals having a limited budget.  

Moreover, used car tires are highly beneficial for numerous applications, such as aggregate for drainage ditches, sub-layers for roadways, and highway embankment backfill. This is mainly because tire chips are highly commendable for under roads in cold climates as they can limit frost penetration. Moreover, they are approximately three times as light as gravel, which on its own can offer prodigious savings in labor, equipment costs, and time. 

Another innovative use of secondhand tires is filters in wastewater treatment and constructed wasteland. Used tires can be snicked into more porous compared to organic compounds, and other materials and often plate up as a far better filter media. All the above-discussed applications of used tires have prominently created numerous growth opportunities for the secondhand tire market.

As per a new report published by Allied Market Research, the secondhand tire market is predicted to rise at a CAGR of 4% over the analysis period from 2023 to 2032.

Product launches:

Owing to the increasing emphasis on the use of sustainable materials in tire production, many leading companies have introduced ingenious product launches. A noteworthy instance is the launch of a joint and research development project by Bridgestone Corporation, a Japanese multinational manufacturer, and ENEOS Corporation, the largest oil company in Japan. By launching this project, the companies aimed to implement chemical recycling technologies that accredit the precise pyrolysis of secondhand tires. Such initiatives can contribute to the shared sustainability vision of both companies. 

Mergers and acquisitions:

With inspiring product launches, the secondhand tire market has also gone through a lot of productive mergers and acquisitions, fostering the competitiveness scenario. For instance, LLC., a leading company in the tire recycling industry, announced its acquisition of Lakin Tire. This acquisition would enable these companies to leverage their strengths in providing high-quality, sustainable tire collection services, sharing best eco-friendly practices, and expanding their geographical reach by providing recycled products to new and existing customers across the globe. 

To sum up, the secondhand tire market is witnessing significant growth owing to the growing numbers of vehicles across developing nations and the rising applications of used tires for various purposes such as thermal insulation between primary and secondary landfill liners to reduce temperatures, playground flooring, anti-fatigue mats, and vehicle mudguards. 

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