India is one of the largest producers and consumers of automobiles. Tyres are an essential component of automobiles used on a large scale in India but only last a few years. A massive amount of tyre waste is generated when these tyres are worn-out after use for three to four years. This is where the tyre waste recycling plant kicks in. If we look at the prospects, it is evident that the automobile industry will only grow in upcoming years; as a result, tyre waste will also increase over time.
This is a great business opportunity for those who want to enter the recycling industry and target tyre waste. The growth of the automobile industry will ensure the supply of waste tyres for recycling while the end products generated at the end of the recycling process will ensure huge profits to the recyclers. Not only financially, but the tyre waste recycling plant setup will also assist the environmental goals of the country by contributing to hazardous waste management in an environmentally safe and sound manner.
What is a Tyre Recycling Plant?
A tyre recycling plant is a recycling facility that specifically targets tyre waste. It buys used and worn-out tyres from automobile users, segregates the raw materials used in the making of a tyre, recycles them to make them reusable and sells them to manufacturers. This way, the recyclers generate a profit as well as also protect the environment in two different ways-
- Reducing the Tyre waste in the environment and
- Saving costs of production by the use of recycled raw materials.