The Tire Recycling Market size was USD 6.00 Billion in 2023 and is expected to reach USD 8.21 Billion by 2032 and grow at a CAGR of 3.55 % over the forecast period of 2024-2032.
The Tire Recycling Market is witnessing significant growth as environmental regulations tighten and demand for sustainable waste management practices increases. Every year, over one billion tires are discarded globally, creating both environmental and health hazards. The market offers a solution by transforming used tires into valuable materials such as crumb rubber, tire-derived fuel (TDF), and reclaimed rubber, which are reused in construction, automotive, and manufacturing applications. Growing government initiatives and rising awareness of ecological impacts are encouraging the adoption of tire recycling technologies worldwide.
Key Players
- Liberty Tire Recycling
- GENAN HOLDING A/S
- ResourceCo
- Lehigh Technologies
- Balkrishna Industries Limited (BKT)
- Nokian Tyres plc
- Lakin Tire
- Eldan Recycling A/S
- RubberMulch
- Tire Disposal & Recycling, Inc.
- Klean Industries
- Emanuel Tire LLC
- West Coast Rubber Recycling
- Renelux Cyprus Ltd
- Tire Recycling Atlantic Canada Corporation (TRACC)
- Liberty Tire Recycling Canada Ltd.
- Tinna Rubber and Infrastructure Ltd.
- Rebound Rubber Recycling
- Green Distillation Technologies Corporation
- Tyrecycle
Future Scope & Emerging Trends
The future of the tire recycling market is shaped by increasing investments in advanced pyrolysis technology, which enables the recovery of oil, carbon black, and steel from scrap tires. Circular economy policies are promoting tire reuse and recycled content in products like artificial turf, rubberized asphalt, and molded goods. Innovations in devulcanization processes are further expanding the usability of recycled rubber. Additionally, strategic partnerships between recyclers and manufacturers are accelerating the integration of sustainable rubber in new tire production and consumer goods, indicating a promising outlook for the market.
Key Points
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Global market expected to reach USD 8.21 billion by 2032.
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Rising demand for crumb rubber, TDF, and eco-friendly asphalt.
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Government regulations and carbon neutrality targets driving market.
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Growth in green building, automotive, and sports surfacing applications.
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Advancements in pyrolysis and devulcanization technologies gaining traction.
Conclusion
The tire recycling market stands as a pivotal part of the global sustainability movement. With increasing emphasis on waste reduction, resource recovery, and low-carbon solutions, the industry is set for transformative growth. Innovation and collaboration across industries will be key to scaling up tire recycling efforts and reducing environmental impact worldwide.
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