Tyre Recycling Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

The Tyre Recycling Market was valued at USD 7.60 Billion in 2024, and is expected to reach USD 9.50 Billion by 2030, rising at a CAGR of 3.60%. The global tire recycling market has witnessed significant growth in recent years, driven by increasing environmental concerns, stringent government regulations, and growing awareness about sustainable waste management. The improper disposal of end-of-life tires (ELTs) has led to serious environmental hazards, such as landfill overflows and fire risks, prompting authorities and industries to adopt advanced recycling solutions. As the demand for eco-friendly and cost-effective alternatives rises, the tire recycling market is poised for further expansion.

The global tire recycling market is fueled by several key factors, including the rising number of discarded tires worldwide, the increasing adoption of circular economy principles, and technological advancements in recycling processes. Governments across the world are implementing strict policies to curb tire waste and encourage recycling. For example, the European Union has banned tire landfilling, while the U.S. and China have introduced regulations to boost tire-derived products.

Another critical factor driving market growth is the increasing use of recycled tire materials in various applications, such as rubberized asphalt, playground surfaces, sports fields, and automotive components. The demand for sustainable raw materials in construction and manufacturing industries has led to greater adoption of tire-derived aggregates and crumb rubber. Furthermore, tire pyrolysis, which converts waste tires into valuable products like fuel oil, carbon black, and steel, is gaining traction as an environmentally friendly alternative to traditional disposal methods.

Key Market Drivers

Increasing Demand for Recycled Materials

The global tyre recycling market is experiencing significant growth, driven by the increasing demand for recycled materials across various industries. With sustainability becoming a major focus for businesses and governments, the need to repurpose end-of-life tires (ELTs) into valuable secondary raw materials has intensified. Recycled rubber from tires is widely used in manufacturing applications such as asphalt modification, rubberized flooring, automotive parts, and construction materials. This rising demand for sustainable and cost-effective alternatives to virgin raw materials is pushing companies to invest in tire recycling technologies and infrastructure.

Stringent environmental regulations and waste management policies have accelerated the shift toward tire recycling. Many countries have implemented extended producer responsibility (EPR) programs, mandating manufacturers to ensure proper disposal and recycling of their products. Additionally, landfill bans and restrictions on open burning of waste tires are further driving the need for efficient recycling solutions. Industries such as construction, automotive, and sports surfaces are increasingly incorporating recycled tire-derived products, such as rubber mulch, crumb rubber, and reclaimed rubber, into their production processes, fostering market expansion.

The economic benefits of tire recycling are another key factor fueling its global market growth. Recycled tire materials offer cost savings compared to virgin rubber and synthetic alternatives, making them attractive to manufacturers seeking to optimize production expenses. Furthermore, advancements in pyrolysis and devulcanization technologies have improved the efficiency and profitability of tire recycling, leading to increased adoption worldwide. As consumer awareness of environmental sustainability continues to rise, the demand for eco-friendly products is expected to further propel the tire recycling market in the coming years.

Key Market Challenges

High Collection and Processing Costs

One of the primary challenges in the global tire recycling market is the high cost associated with collecting and processing end-of-life tires (ELTs). The logistics of transporting bulky and heavy tires from various locations to recycling facilities involve significant expenses. Additionally, advanced processing techniques, such as cryogenic grinding or pyrolysis, require substantial capital investment, making it difficult for small and mid-sized recyclers to sustain operations.

Key Market Trends

Increasing Government Regulations and Sustainability Initiatives

One of the key drivers of the tyre recycling market is the tightening of government regulations and policies aimed at reducing waste and promoting circular economy practices. Countries across North America, Europe, and Asia-Pacific have implemented stringent environmental policies mandating responsible tire disposal. Extended Producer Responsibility (EPR) programs are gaining momentum, requiring manufacturers to take responsibility for the end-of-life management of their products. Additionally, many governments are promoting incentives for tire-derived products (TDPs), further boosting market growth.

Key Market Players

• Davis Rubber Company Inc.
• TIRE DISPOSAL & RECYCLING LLC
• Tyre Recycling Solution SA
• Liberty Tire Recycling LLC
• Genan Holding A/S
• ResourceCo Pty Ltd.
• GRP LTD
• Lehigh Technologies, Inc.

Report Scope

In this report, the Global Tire Recycling Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Tyre Recycling Market, By Product:

• Rubber
• Tire-derived Fuel
• Tire-derived Aggregate
• Carbon Black
• Steel Wires

Tyre Recycling Market, By Application:

• Automotive
• Construction
• Manufacturing
• Rubber & Plastics
• Others

Tyre Recycling Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Tire Recycling Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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