Investing in the tire recycling plant project in Egypt represents a promising investment opportunity, especially in light of Egypt’s dependence on importing large quantities of rubber and its products estimated at about 810 million US dollars, according to 2021 statistics, which strengthens the national economy and supports Nasr in Vision 2030, which aims to develop non-oil projects.
What is a tire recycling plant?
At the Tire Recycling Plant, spent rubber tires are collected and sorted, then shredded, chopped, and sieved to produce black rubber pellets. Black rubber pellets are used in the manufacture of synthetic turf, brake pads, and rubber tiles.
The tire recycling plant is one of the projects that help reduce environmental pollution, as it recycles damaged tires in a way that is completely safe for the environment, rather than the incineration process that some people use to dispose of damaged tires.
At the end of 2021, the value of the global rubber market 28.89 billion dollars. The value of Global Rubber Market to $29.86 billion by the end of 2022. The latest indicators suggest that Global Rubber Market By 2029, it will rise to $41.73 billion, representing an unprecedented annual growth rate of 4.9% during the forecast period (2023-2029).
Mashroo3k Consulting confirms that the tire recycling plant project in Egypt is a great investment opportunity, especially in light of the fact that Egypt’s rubber imports will reach $810 million by the end of 2021.
For more details on the latest economic sector indicators and investment opportunities in Egypt, as well as the most prominent financing entities supporting successful investment projects in Egypt, you can contact the investor service team at Mashroo3k Consulting.
