Every year over 1.6 billion new tires are generated and around 1 billion of waste tires are generated. However, recycling industry processed only 100 million tires every year. Tire is extensively designed with several complex processes which makes it indestructible in nature and creates difficulty in recycling of tires. However, leading tire recyclers are spending huge amount in advance technologies and equipments which can help in recycling the tires for various application and protect the environment. Moreover, taxes variation on the sales of new tires or the disposal of old tires plays critical role for tire recycling industry. In the U.S., nearly 1-2% taxes is applied on the sales of new tires and the tax fees range from USD 0.50 to USD 1.00 per tire and taxes on disposal of old tire range from USD 0.25 to USD 1.00 per tire. Federal government is generating funds for the recycling and management of scrap tires by processing the fees on new tires and disposal facilit...