BRUSSELS, Belgium—European demand for recycled rubber is set to see a five-fold increase over the next 25 years, according to Max Craipeau of Hong Kong-based Greencore Resources Ltd.
Viewed until recently as a "poor relation," tires and rubber have rapidly become "one of the most dynamic segments of the recycling industry," Craipeau said in a May 31 meeting of the Bureau of International Recycling's (BIR) tires and rubber committee
Stating that the sector was gaining "unprecedented traction," the committee chairman predicted a five-fold rise in current estimated demand for recycled rubber of 200,000 metric tons per annum over the next 25 years.
Likewise, guest speaker Sonia Megert, COO of Swiss-based Tyre Recycling Solutions S.A., noted projections of a compound annual growth rate of more than 10 percent for the global recycled rubber market in the period from 2020-28.
According to Megert, recycled content in tires is "still very limited," but the latest technologies had the potential to increase the input proportions significantly.
For example, she said, a recycled content of 10-15 percent was achievable in tire treads compared to a current maximum of 5 percent.