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GCC tire recycling market driven by the increasing environmental concerns along with the rising vehicle fleet across the GCC countries like Saudi Arabia and UAE. Rapid growth in the number of automobiles coupled with the initiatives by public and private for recycling tires is further driving the tire recycling market in GCC. In 2021, EPSCO planned to recycle used tires and turn them into consumer products. The plant has capacity to recycle upto 3 million tires every year. This tire recycling operation will address Kuwait trash problem. Growing demand for tire recycling from various industries and increasing concerns regarding the disposal of scrap tires will boost the market growth. In addition, various key players are recycling tires and converting them to high quality end products. For instance, Saudi Rubber Products Co. recycle waste tires and converts them to rubber granules which can be used for kids playground area, sport club and public parks.

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Saudi Arabia tire recycling market is projected to grow at the fastest rate over the forecast period owing to the increasing construction activities, rising auto sales and growing vehicle fleet in Saudi Arabia. For instance, Alsafwa Cement Company opened the largest facility with the capacity of 4.8 million tires for tires recycling in Saudi Arabia in 2019. The material will be used as a alternative source of energy for operating at cement plant. In addition, nearly 4 million tires were recycled and utilized from mid-2019 to mid-2021 in cement plant. Saudi Investment Recycling Company planned to reduce waster landfill to zero percent by 2035. The company targeted to recycle 12 types of waste including solid municipal waste, old tires, raw sewage, automotive lubricants, among others. These factors will further create opportunities for Saudi Arabia tire recycled market.

Key questions answered in this research report:

• • At what pace is GCC Tire Recycling Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in GCC Tire Recycling Market? What will be the impact of drivers and restraints in the future?
  • Which are the major revenue pockets for growth in the GCC Tire Recycling Market?
  • Which vehicle type generated maximum revenues in 2022 and identify the most promising type during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

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GCC Tire Recycling Market by Countries

• • UAE Tire Recycling Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Tire Recycling Market All-Up (Option 2: Free 25% Customization)
  • Oman Tire Recycling Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Tire Recycling Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Tire Recycling Market All-Up (Option 5: Free 25% Customization)