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Tire Recycling Market Size, Share, Growth & Industry Analysis, By Process (Mechanical Recycling, Pyrolysis, Crumb Rubber, Devulcanization), By Tire Type (Passenger Car Tires, Truck Tires, Off-the-Road (OTR) Tires), By End Use Industry (Recycled Rubber Products, Energy Generation), and Regional Analysis, 2024-2031
Pages: 180 | Base Year: 2023 | Release: May 2025 | Author: Versha V.
The market encompasses the collection, processing, and repurposing of end-of-life tires into reusable materials such as rubber, steel, and fibers. This industry plays a pivotal role in diverting waste tires from landfills, thereby mitigating environmental hazards and promoting sustainable waste management practices.
Tire recycling processes include mechanical shredding, ambient grinding, pyrolysis, and devulcanization, transforming discarded tires into products like crumb rubber, tire-derived fuel, and recycled carbon black.
These recycled materials find applications across various sectors, including construction, automotive, and manufacturing, contributing to the circular economy. The report provides insights into the key drivers of market growth, supported by an in-depth evaluation of industry trends and regulatory frameworks.
The global tire recycling market size was valued at USD 5,982.2 million in 2023 and is projected to grow from USD 6,226.8 million in 2024 to USD 8,524.8 million by 2031, exhibiting a CAGR of 4.59% during the forecast period. The market is experiencing steady growth, driven by increasing environmental concerns and stringent waste management regulations.
The rising demand for sustainable alternatives to traditional materials is further fueling this growth, with recycled tire products being widely used in applications such as asphalt production, playground surfaces, and automotive components.
Major companies operating in the tire recycling industry are Liberty Tire Recycling, Emanuel Tire, GENAN HOLDING A/S, Entech Inc., LakinTire.com, Continental AG, Bridgestone, Lehigh Technologies, Green Distillation Technologies, Michelin, Contec, APOLLO TYRES LTD, ResourceCo, GRP LTD, and BDS Tire Recycling.
Advancements in recycling technologies that improve the efficiency of processing and lower costs are contributing to the market's expansion. The growing focus on circular economy and reducing carbon footprints across industries is also playing a significant role in driving the demand for recycled tire materials.
Key HighlightsMarket Driver
"Rising Environmental Awareness"
The tire recycling market is experiencing robust growth, primarily driven by the increasing environmental awareness surrounding tire waste and the growing emphasis on sustainable waste management practices.
As concerns over landfill overflow and the environmental impact of non-recycled tires become more pronounced, governments, industries, and consumers are seeking solutions that mitigate these issues.
Traditional disposal methods, such as landfilling and incineration, contribute to pollution and waste accumulation, which is driving the demand for tire recycling as a more environmentally responsible alternative.
In response, tire recycling is gaining traction as it reduces waste but also recycles valuable materials like rubber, steel, and textile fibers, making it a key solution in reducing environmental harm and promoting sustainability.
Market Challenge
"Limited Market for Recycled Materials"
One of the key challenges facing the tire recycling market is the limited market for recycled materials. Recycled tire products, such as rubber, are used in applications like asphalt, playground surfaces, and automotive parts, but the demand for these materials remains lower than the volume of tire waste generated annually.
Recycled products are often perceived as having lower performance compared to virgin materials, and cheaper alternatives are readily available. Additionally, the inconsistency in the quality of recycled tire products further limits their widespread adoption across various sectors.
To overcome this challenge, market players are focusing on expanding the range of applications for recycled tire materials and improving public perception. This includes educating consumers and businesses about the environmental benefits and long-term performance advantages of recycled tire products.
Additionally, investments are being made in research and development to enhance the quality and performance of recycled materials, making them more competitive with virgin products.
Furthermore, governments are implementing policies to incentivize the use of recycled tire materials, such as offering subsidies or setting mandates for their use in public infrastructure projects, thereby creating a more stable demand for recycled products.
Market Trend
"Technological Advancements in Recycling Processes"
The tire recycling market is evolving rapidly due to technological advancements in recycling processes and expanding applications of recycled materials across various industries. A key trend is the development and implementation of advanced methods such as pyrolysis, cryogenic grinding, and solvent-based processes.
These innovations are improving efficiency, reducing costs, and enhancing the quality of recycled products, which makes tire recycling more economically viable and environmentally sustainable. Pyrolysis recycles rubber while producing valuable by-products like fuel oil, carbon black, and steel, creating new market opportunities.
Cryogenic grinding uses liquid nitrogen to freeze tires, yielding finer, higher-quality rubber particles for applications like sports surfaces and automotive parts. As industries prioritize sustainability, the adoption of these advanced recycling technologies is gaining momentum, facilitating a shift toward a circular economy.
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Segmentation |
Details |
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By Process |
Mechanical Recycling, Pyrolysis, Crumb Rubber, Devulcanization |
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By Tire Type |
Passenger Car Tires, Truck Tires, Off-the-Road (OTR) Tires, Others |
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By End Use Industry |
Recycled Rubber Products, Road Construction & Asphalt, Energy Generation, Others |
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By Region |
North America: U.S., Canada, Mexico |
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Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe |
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Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific |
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Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa |
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South America: Brazil, Argentina, Rest of South America |
Market Segmentation
Based on region, the market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Asia Pacific tire recycling market share stood at around 34.12% in 2023, with a valuation of USD 2,041.1 million. This dominance is primarily attributed to the high volume of tire waste generated by rapidly expanding automotive industries in countries like China and India, coupled with increasing government support for sustainable waste management practices.
The presence of key recycling companies and advanced technologies has boosted capabilities, ensuring a steady supply of recycled materials to meet domestic and international demands.
The rising focus on environmental sustainability and the implementation of stricter regulations on tire disposal are further fueling the adoption of tire recycling technologies across Asia Pacific.
The tire recycling industry in Europe is poised for significant growth at a robust CAGR of 4.98% over the forecast period. This growth is driven by the region’s stringent regulations on tire disposal and recycling, which are pushing industries to adopt more sustainable waste management practices.
Furthermore, Europe’s commitment to a circular economy and resource recovery is encouraging the expansion of tire recycling facilities and the use of recycled tire materials in various sectors, including construction and automotive. The demand for eco-friendly alternatives, such as rubber for road construction and energy generation, is also fueling the market's growth.
The tire recycling industry is characterized by key players focusing on strategic initiatives to enhance their market position and expand their global reach. Companies are investing heavily in the development of advanced recycling technologies and the expansion of their processing capacities to meet the rising demand for sustainable waste management solutions.
Strategic partnerships and collaborations with waste management firms, manufacturers, and government bodies are common approaches to secure long-term contracts and increase recycling rates.
In addition, key players are optimizing cost efficiencies and taking initiatives to streamline supply chains through technological upgrades and process improvements.
Market players are aiming to expand their presence in emerging markets through acquisitions and joint ventures while focusing on eco-friendly recycling solutions that align with increasing regulatory pressures and consumer demand for sustainable practices.
Recent Developments (M&A/Partnerships/Agreements/New Product Launch)
