Tire Recycling Market Report

Market Analysis

• The tire recycling market size was valued at USD 5.88 billion in 2024. The market is expected to reach USD 6.13 billion in 2025, up 4.2% than the value in 2024.
• During the forecast period of 2025-2032, the tire recycling market is expected to grow at a CAGR of 4% to reach USD 8.07 billion in 2032.
• During 2025-2032, the tire recycling industry is expected to generate a cumulative sales opportunity of USD 56.6 billion.

Tire Recycling Market Statistics 

Have a look at the sales opportunities presented by the tire recycling market in terms of growth, market forecast and segment opportunities.

Market Dynamics

Introduction:

What is tire recycling?

Tire recycling is the process of repurposing end-of-life or discarded tires into reusable materials through mechanical or chemical methods. This process helps recover rubber, steel, and textile fibers that can be reused in different applications, including road construction, molded products, energy production, and playground surfaces. Moreover, it minimises environmental contamination, saves resources, and aids in sustainable waste management.

Market Drivers: 

Surging Automotive Production

Surging automotive production significantly drives the tire recycling market, as increased vehicle output leads to a higher volume of tires reaching end-of-life. The surge further intensifies the need for eco-friendly disposal and recycling practices, promoting the development of efficient recycling technologies to manage growing tire waste and support circular economy initiatives.

Increasing Volume of End-of-Life Tires

The increasing volume of end-of-life tires (ELTs) is a key growth driver of the tire recycling market. According to the World Business Council for Sustainable Development, each person in the developed countries discards one passenger tire annually, collectively generating approximately 1 billion end-of-life tires every year. This growing waste stream necessitates sustainable disposal solutions, thereby accelerating demand for efficient tire recycling technologies and infrastructure.

Market Challenges: 

High Initial Investments

High initial investments pose a significant challenge in the tire recycling market due to the substantial capital required for advanced machinery like shredders, granulators, and pyrolysis systems. On top of this, waste management infrastructure, regulatory, and facility establishment costs add to capital expenses. Moreover, uncertain returns coupled with fluctuating market demand for recycled materials may discourage new players as well as large-scale investments.

Market Opportunities: 

Growing Demand for Recycled Materials from Various Sectors

The growing demand for recycled materials presents a key growth opportunity for the tire recycling market. Recycled rubber, steel, and tire-derived fuel (TDF) are increasingly utilized across construction, energy, and manufacturing sectors due to their cost-effectiveness and sustainability. This rising industrial adoption supports a circular economy and drives consistent demand for tire recycling solutions, boosting market expansion globally.

Market Segments' Analysis

By Process Type

“Mechanical Shredding segment is projected to be the fastest-growing segment of the tire recycling market during the forecast period.”

• The tire recycling market is segmented by process type into mechanical shredding, ambient grinding, pyrolysis, devulcanization, and other processes.
• Mechanical Shredding segment is projected to be the fastest-growing segment of the tire recycling market during the forecast period, due to its cost-effectiveness, operational efficiency, and ability to process large volumes of tires into valuable rubber granules.
• Its compatibility with downstream recycling methods and growing demand for crumb rubber in construction, automotive, and sports applications further accelerates its adoption across global recycling facilities.

By Product Type

“Rubber segment is projected to be the fastest-growing segment of the tire recycling market during the forecast period.”

• The tire recycling market is segmented by product type into rubber, tire-derived fuel (TDF), tire-derived aggregate (TDA), carbon black, and steel wires.
• Rubber segment is projected to be the fastest-growing segment of the tire recycling market during the forecast period, due to its versatile applications in various industries like infrastructure, automotive, and sports. Moreover, recycled rubber is widely used in products like flooring, mats, and playground surfaces.
• Additionally, growing environmental awareness, strict sustainability regulations, and the push to reduce carbon footprints further fuel its demand across eco-conscious industries.

Regional Analysis 

“Asia-Pacific is expected to be the largest and fastest-growing region of the tire recycling market over the forecasted period.”

• In terms of region, the tire recycling market is segmented into the North American region, the European region, the Asia-Pacific region, and the rest of the world.
• Asia-Pacific is expected to be the largest and fastest-growing region of the tire recycling market over the forecasted period, due to rapid industrialization, rising vehicle production, and stringent environmental regulations.
• Countries like China, India, Japan, and South Korea generate high volumes of end-of-life tires, driven by urbanization and automotive growth.
• Government initiatives promoting waste management and recycling, coupled with increasing demand for recycled materials like rubber, steel, and TDF in construction and manufacturing sectors, further propel growth.

Key Players

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the tire recycling market -  

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

Note: The above list does not necessarily include all the top players in the market.

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Recent Developments/Mergers & Acquisitions:

• In December 2024, Trek Bicycle partnered with Liberty Tire Recycling to launch the first U.S.-wide bicycle tire recycling initiative. Managed by Liberty Tire Recycling, the program ensures complete reuse of all tire components. The recovered materials are repurposed for diverse uses, including playground surfaces, eco-friendly asphalt, landscaping, athletic tracks, and other sustainable applications. 

• In November 2024, Contec S.A. successfully commissioned its third and fourth pyrolysis lines, marking a significant advancement in its expansion strategy while remaining on budget. With these new lines, the company is set to triple its production capacity over the next year, reinforcing its commitment to sustainable innovation and operational growth.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The tire recycling market is segmented into the following categories. 

Tire Recycling Market, by Type

• Service
• Material

Tire Recycling Market, by Process Type

• Mechanical Shredding
• Ambient Grinding
• Pyrolysis
• Devulcanization
• Other Processes

Tire Recycling Market, by Product Type

• Rubber
• Tire-Derived Fuel (TDF)
• Tire-Derived Aggregate (TDA)
• Carbon Black
• Steel Wires

Tire Recycling Market, by End-Use Industry Type

• Automotive
• Construction
• Manufacturing
• Rubber & Plastics

Tire Recycling Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Italy, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Tire Recycling market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

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