How about we tell you that we’ve got a business opportunity for you which involves making some good bucks but not by producing or manufacturing anything rather shredding the already exiting product?
One of such businesses is “Tyre shredding business”. Did you know? That around 73,632 passenger vehicles were sold per day in India in 2018 or that the tire production volume in India stood at 192 million units in FY 2019
Infact, the Indian automobile industry sold over 3.4 million units of passenger cars and 21 million units of two wheelers in 2021.
It’s a well known fact that over one billion tyres are produced worldwide every year and the equal number of those are removed from vehicles, becoming waste and because they are non-biodegradable in nature they need to be recycled.
The tire recycling is yet another issue which requires to be dealt with. The “pyrolysis” method of tyre recycling is a thermal degradation process which causes combustion of material and is leading to huge carbon emissions causing harmful exposure to environment and leading to health issues.
That’s where you’d come in, by taking by this tyre shredding business opportunity, helping your environment remain free of unnecessary pollution, in cusp of hazardous emissions while making some business for yourself.
Tyre shredding is a process of shredding the tyres which are no longer required because of a degradation in their quality, in particle size while separating most of their metals.
The market potential for tyre shredding business is vast contributing to the applications which the shredded tyre provides across various sectors of the economy.
Keeping in mind the environmental constraints and the need for optimum utilisation of resources, tyre recycling has become of major importance in India, that’s because:
In fact, it was in 2011 that India produced 90,000 metric tonnes of reclaimed rubber from tyre wastes. Further the market potential for this tyre shredding business can be elaborated on the following basis:
On the basis of tyre shredding methods used
Ambient mechanical grinding : Tyre shredders, breaking tyres into chips at an ambient temperature
Cryogenic grinding : Grinding scrap tyres into granules near minus 80°C using liquid nitrogen
Pyrolysis : Thermal decomposition of scarp tyres in the absence of oxygen into synthetic Gas and char
On the basis of uses of tyre shredding
The licenses required to run a tyre shredding business is
The investment required to start up a tyre shredding business is ₹50 lakhs
The profits which one is likely to earn from this tyre shredding business is ₹9 lakhs per month
The target consumers for the tyre shredding business is
Cement Industry: The cement industry would have an ample requirement of shredded tyres as they can be used as an alternative fuel to manufacture Portland cement, an important element in concrete.
Civil engineers: The shredded tyre is also required by the civil engineers having applications like back-fills for wall and bridge abutments, sun grade insulation for roads, landfills projects, sub grade fills and embankments etc
Asphalt industry: The asphalt industry makes use of the shredded tyres for the purpose of carpet padding, flooring materials, icky bumper, patio decks, livestock mats, side walks, rubber tiles, rail road crossing blocks etc
Steel mills: The steel mills also make use of shredded tyres as a source of carbon for the purpose of replacing coal of coke in steel manufacturing
Tyre industry: The tyre manufactures sometimes require shredded tyres for the purpose of producing recycled tyres
Construction materials: various spaces and homes can be built with whole tires by filling them with earth and covering them with concrete
Others: The shredded tyres are also used for the purpose of constructing basketball courts and as a raw materials in manufacturing shoes
The area required for a tyre shredding business is 700-1000 sq ft
Also read :
The raw materials required in this tyre shredding business are
The machinery required to start up a tyre shredding business is
The manpower required to set this business is
Moreover ample training in terms of the following must also be provided with
The business model of a tyre shredding business can be defined using these four variants
Value proposition: The value which this business is likely to provide to you is
Target consumers: The target consumers for this busines are as follows
Competitor review: The competitors for you in this tyre shredding business are as follows
Marketing strategy: The marketing strategy that can be implemented by your tyre shredding busines is
Advertising: Through billboards and hoardings
Print media: Through blogs, articles on tire recycling
PR: Tie ups with tyre companies like MRF
The tyre shredding business has witnessed and has the potential for the following growth prospects
The profit margin which this tyre shredding business is likely to yield to you is 30%-40%
Put them tyres into the shredders not your decision to whether or not to take up this business and here’s why
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