Raw materials are generally mainly waste tires, waste rubber products and leftover materials and wastes from rubber products factories. Rubber is an important strategic resource in China, accounting for 30% of the world's annual consumption, but China's rubber resources are scarce. According to statistics, the recovery of waste tires in China in 2018 was 5.12 million tons, accounting for only 35.3% of the production of waste tires in that year (about 14.5 million tons). Nearly two-thirds of the remaining waste tire resources have not been effectively utilized.
According to the relevant data released by the National Bureau of statistics, in 2019, China generated about 330 million waste tires, equivalent to more than 10 million tons, and the amount of waste tires generated by scrapping each year continued to grow at a rate of 6% to 8%, including about 290 million waste automobile tires, accounting for 88%. The output of rubber tire casing increased to 840 million, a year-on-year increase of 3.2%. However, automobile tires have a certain service life. Equipped with tires beyond the service life, it will not only have an adverse impact on the performance of the automobile, but also affect the driving safety of the automobile in serious cases. In the first quarter of 2021, China's automobile production and sales completed 6.352 million and 6.484 million respectively, with a year-on-year increase of 81.7% and 75.6% respectively. The rapid development of China's automobile industry has also driven the development of China's tire industry, and the overall output remains above 800 million. According to the data, from January to March 2021, the output of rubber tire casing in China was 214.716 million, with a year-on-year increase of 18.7%, and the development of tire industry also led to a sharp increase in waste tires. Therefore, with the substantial increase of car ownership, the annual production of waste tires in China also increases rapidly. Such a huge waste tire treatment market! Raw material space is inexhaustible!
