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The global tire recycling downstream products market is valued at $4.1 billion in 2021, and it is anticipated to grow at a CAGR of 2.15 percent over the forecast period until 2030, according to Quince Market Insights. Recycling technologies improve the circular economy by maximizing the return of materials produced. Hence, tire recycling downstream will have a huge impact on the economy. The tire recycling process involves the conversion of discarded or end-of-life tires into useful industrial materials. Various methods are adopted for tire recycling, including pyrolysis, cryogenic recycling and repurposing the old tires. However, the most common technique used is shredding, which has a huge impact on market growth.

earch report “Industrial PU Elastomer Market by Type (Thermoset PU Elastomer, Thermoplastic PU Elastomer), End-use Industry (Transportation, Industrial, Medical, Building & Construction, Mining Equipment) and Region – Global Forecast to 2026”, published by MarketsandMarkets™, the market size is projected to reach USD 10.5 billion by 2026 from USD 7.7 billion in 2021, at a CAGR of 6.3% during the forecast period.

Key players in the global Agricultural Tires market are Bridgestone Corp., Continental AG, Balakrishna Industries Limited, Titan International, Inc., Trelleborg AB, Michelin, Nokian Tyres PLC, Pirelli & C SpA, Alliance Tire Group, and Apollo Tyres.

The global medical tubing market was valued at $8,418 million in 2019 and is expected to reach $1,3770 million by the end of 2026, growing at a CAGR of 7.2 percent during 2021-2026, according to Valuates Reports.

The global long fiber thermoplastics market size was estimated to be US$ 2.75 billion in 2020 and is expected to reach US$ 7.7 billion by 2031 at a CAGR of 9.9%. Long fiber thermoplastics have high abrasion resistivity as a support for sensitive electronic components, which are a part of a few standard agreements and regulations in the hardware business.

The global rubber process oil market size was $2,118.4 million in 2020 and is expected to reach a value of $2,927.6 million by 2028, and register a CAGR of 4.10 percent during the forecast period, according to Reports and Data. Rubber process oil is used for manufacturing multiple rubber compounds, and it improves dispersion and flow characteristics of compounds during processing.

The Rubber Molding Machinery market will register a 2.7% CAGR in terms of revenue with a global market size of USD 763.6 million by 2025 according to 360 Research Reports.