Where waste tire to go?
There were over 10 million tons per year of waste tires produced in China in 2013, which was only 7.4 million tons/year in 2008, statistics from Tireworld showed. It was estimated to grow to 20 million tons/year by 2020, analysts said.
Passenger vehicles and commercial vehicles contribute most in Chinese waste tires. Amongst, heavy truck takes high ratio in commercial vehicles. With logistics business expanding fast in China, tires of heavy truck replace over 200 million units every year in recent years, and are expected to meet sustained surge in the near future. Relatively, tire replacement of passenger vehicle won’t change much, due for slow growth of passenger vehicles’ ownership in China.
Usually, waste tires are used in retreading, thermal cracking etc.. In China, 46% of waste tires are processed into reclaimed rubber, 25% of them used in illegal refining, chart as following:
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
