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Tire Recycling Market
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Tire Recycling Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1314002, Published - November 2024

Segmented in Recycling Process (Mechanical, Pyrolysis, Devulcanization), End Product (Recycled Rubber, Steel, Textile Fiber, Other Materials), Application Industry and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2023 – 2033

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Tire Recycling Market Outlook

Recycling tires has become a game changer, in tackling the issues linked to tires; the market was worth $7.3 Billion, in 2023 and is projected to rise to $10.5 billion by the year 2030 and $13.6% by 2035 showing a growth rate of 5.3% each year. This trend underscores the rising importance of the industry as more governments, businesses and individuals push for waste management methods.


Recycling tires is part of an effort to manage waste sustainably and reduce the harm caused by materials that do not break down easily in the environment. Tires are mostly composed of rubber, as steel and textile fibers known for their toughness and long lasting nature which makes their disposal a complicated task. These features like their durability, flexibility, and ability to resist deterioration. Also create chances to reclaim materials through recycling. Recycling tires involves processes, like pyrolysis and devulcanization. Each method has its pros and cons based on the product you want to achieve


Market Size Forecast & Key Insights

2018
$7.3B2023
2028
$12.2B2033

Absolute Growth Opportunity = $4.9B

The Tire Recycling market is projected to grow from $7.3 billion in 2023 to $12.2 billion in 2033. This represents a CAGR of 5.3%, reflecting rising demand across Construction and Infrastructure, Energy and Automotive and Aerospace.

The Tire Recycling market is set to add $4.9 billion between 2023 and 2033, with manufacturer targeting Steel & Textile Fiber End Product projected to gain a larger market share.

With Government regulations, and Sustainability initiatives, Tire Recycling market to expand 68% between 2023 and 2033.

Opportunities in the Tire Recycling Market

Innovative Product Development

Businesses are currently investigating the utilization of reused rubber and alternative materials, in applications like 3D printing and eco friendly construction supplies

Circular Economy Initiatives and Emerging Markets

The movement towards a circular economy in Europe offers potential for tire recycling businesses to collaborate with major manufacturers dedicated to waste reduction

In Asia Pacific and South Americas emerging economies the trend is pointing towards embracing tire recycling in infrastructure projects. This presents growth opportunities for the industry

Growth Opportunities in North America and Europe

Europe Outlook

In Europe the competitiveness of the market is influenced by the increasing desire, for eco-friendly goods and the shift towards a circular economy economy. Firms such as Genan Group have seized this opportunity by implementing recycling methods and partnering with sectors, like automotive and aerospace to integrate reused materials into their production supply chain

North America Outlook

In North America the recycling of tires is mainly influenced by laws that demand manufacturers and consumers to follow precise waste disposal guidelines. For instance businesses such, as Liberty Tire Recycling have utilized state and national regulations to offer materials derived from tires to the construction and energy industries

North America Outlook

In North America the recycling of tires is mainly influenced by laws that demand manufacturers and consumers to follow precise waste disposal guidelines. For instance businesses such, as Liberty Tire Recycling have utilized state and national regulations to offer materials derived from tires to the construction and energy industries

Europe Outlook

In Europe the competitiveness of the market is influenced by the increasing desire, for eco-friendly goods and the shift towards a circular economy economy. Firms such as Genan Group have seized this opportunity by implementing recycling methods and partnering with sectors, like automotive and aerospace to integrate reused materials into their production supply chain

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2024–2033

1

Major Markets : United States, Germany, China, Japan, India are expected to grow at 3.4% to 5.1% CAGR

2

Emerging Markets : Brazil, Mexico, Indonesia are expected to grow at 6.1% to 7.3% CAGR

Market Analysis Chart

Market Dynamics and Supply Chain

Driver: Government Regulations, and Technological Advancements

Industries worldwide are also being pushed to embrace tire recycling solutions due, to regulations, in North America and Europe
Advancements, in tire recycling techniques like enhanced pyrolysis are also enhancing the effectiveness and affordability of recycling procedures. This is also making tire recycling more appealing, to industries
The increasing focus, on sustainability has also led to a rise in the use of recycled materials. Industries are also now showing a preference, for tire recycling as a way to reduce their impact

Restraint: High Initial Investment Costs

Establishment of tire recycling facilities demands investment that might impede the expansion of the markets reach in developing countries

Challenge: Complexity in Processing

Separating materials such, as steel and textile fibers from rubber in the recycling process can cause a delay, in production and can lead to higher expenses & long lead time for supply

Supply Chain Landscape

Tire Collectors

Gather discarded tires from various sources such as auto shops, landfills, and consumers

Recycling Plants

Process the tires using mechanical, pyrolysis, or devulcanization methods

Material Distributors
Recycled rubber, steel, and textile fibers suppliers
Tire Collectors

Gather discarded tires from various sources such as auto shops, landfills, and consumers

Recycling Plants

Process the tires using mechanical, pyrolysis, or devulcanization methods

Material Distributors

Recycled rubber, steel, and textile fibers suppliers

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Leading Providers and Their Strategies

ApplicationIndustryLeading Tire Recycling Providers/ManufacturersProvider Strategies
Recycled Rubber for Pavements
Construction
Liberty Tire Recycling, Genan Group
Focus on material quality improvement and regional expansion into developing markets
Tire-Derived Fuel (TDF)
Energy
Lakin Tire, Scandinavian Enviro Systems
Strategies focused on increasing the energy efficiency of recycled materials and partnerships with energy producers
Recycled Rubber Products (e.g., playgrounds, sports fields)
Consumer Goods
Ecore International, GreenMan Technologies
Targeting eco-conscious consumers with marketing campaigns that emphasize sustainability and circular economy benefits
Recycled Steel
Automotive, Aerospace
Michelin, Bridgestone
Enhancing recycling technologies for more efficient steel recovery and reducing supply chain waste

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Tire Recycling market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Tire Recycling in Construction and Infrastructure, Automotive and Aerospace and Energy

Construction and Infrastructure

Recycling tires plays a role, in the construction sector by turning used rubber into products like rubberized asphalt that improve road longevity and reduce traffic noise levels effectively utilized by companies like Liberty Tire Recycling to provide recycled rubber, for infrastructure undertakings aimed at meeting eco goals set by governments and developers

Automotive and Aerospace

In the aerospace industries, recycled steel and rubber play a role by being used in vehicle parts, which helps decrease the demand, for new materials and lowers the environmental impact of these sectors. One example is Michelins efforts to introduce materials into its tire production methods leading the way in practices and innovation, within the industry

Energy

The adoption of tire derived fuel (TDF) as a substitute energy source is, on the rise in industrial plants and power utilities. Lakin Tire has taken a forefront role in advocating for the use of TDF due to its energy content when compared to fossil fuels.This further cements tire recycling as a contributor, in the energy industry

Tire Recycling vs. Substitutes:
Performance and Positioning Analysis

Opting for disposal methods, like landfills or incineration may be convenient in the term; however they lack sustainability and have negative environmental consequences. On the contrary tire recycling presents a economically feasible option especially when taking into account the lasting advantages of reclaimed materials such as rubber, steel and textile fibers

When it comes to options, for consideration Tire recycling stands out for its effectiveness in achieving better results in terms of performance cost efficiency and eco friendly practices. This makes it the preferred option, for businesses aiming to improve their sustainability efforts

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Research Methodology

This market research methodology defines the Tire Recycling market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the C&M Technology ecosystem, we analyze Tire Recycling across Construction, Automotive, and Aerospace Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Liberty Tire Recycling, Genan Group, and Lakin Tire by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Tire Collectors, Recycling Plants, and Material Distributors. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global C&M Technology revenues to estimate the Tire Recycling segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Tire Collectors (Gather discarded tires from various sources such as auto shops, landfills), Recycling Plants (Process the tires using mechanical, pyrolysis), and Material Distributors. Our parallel substitute analysis examines , highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Liberty Tire Recycling, Genan Group, and Lakin Tire, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Tire Recycling market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Tire Recycling Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2024USD 7.7 billion
Revenue Forecast in 2033USD 12.2 billion
Growth RateCAGR of 5.3% from 2024 to 2033
Base Year for Estimation2023
Industry Revenue 20237.3 billion
Growth OpportunityUSD 4.9 billion
Historical Data2018 - 2022
Growth Projection / Forecast Period2024 - 2033
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20237.3 billion USD
Market Size 20268.5 billion USD
Market Size 20289.5 billion USD
Market Size 203010.5 billion USD
Market Size 203312.2 billion USD
Market Size 203513.6 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredRecycling Process, End Product, Application Industry
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledLiberty Tire Recycling, Genan Group, Lakin Tire, Scandinavian Enviro Systems, Michelin, Bridgestone, Ecore International, GreenMan Technologies, Ragn-Sells, Rubicon, Tire Disposal & Recycling and Pyrum Innovations
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Tire Recycling Market Size, Opportunities & Strategic Insights, by Recycling Process

4.1Mechanical
4.2Pyrolysis
4.3Devulcanization
Chapter 5

Tire Recycling Market Size, Opportunities & Strategic Insights, by End Product

5.1Recycled Rubber
5.2Steel
5.3Textile Fiber
5.4Other Materials
Chapter 6

Tire Recycling Market Size, Opportunities & Strategic Insights, by Application Industry

6.1Construction
6.2Automotive
6.3Aerospace
6.4Industrial
6.5Consumer Goods
6.6Energy
Chapter 7

Tire Recycling Market, by Region

7.1North America Tire Recycling Market Size, Opportunities, Key Trends & Strategic Insights
7.1.1U.S.
7.1.2Canada
7.2Europe Tire Recycling Market Size, Opportunities, Key Trends & Strategic Insights
7.2.1Germany
7.2.2France
7.2.3UK
7.2.4Italy
7.2.5The Netherlands
7.2.6Rest of EU
7.3Asia Pacific Tire Recycling Market Size, Opportunities, Key Trends & Strategic Insights
7.3.1China
7.3.2Japan
7.3.3South Korea
7.3.4India
7.3.5Australia
7.3.6Thailand
7.3.7Rest of APAC
7.4Middle East & Africa Tire Recycling Market Size, Opportunities, Key Trends & Strategic Insights
7.4.1Saudi Arabia
7.4.2United Arab Emirates
7.4.3South Africa
7.4.4Rest of MEA
7.5Latin America Tire Recycling Market Size, Opportunities, Key Trends & Strategic Insights
7.5.1Brazil
7.5.2Mexico
7.5.3Rest of LA
7.6CIS Tire Recycling Market Size, Opportunities, Key Trends & Strategic Insights
7.6.1Russia
7.6.2Rest of CIS
Chapter 8

Competitive Landscape

8.1Competitive Dashboard & Market Share Analysis
8.2Company Profiles (Overview, Financials, Developments, SWOT)
8.2.1Liberty Tire Recycling
8.2.2Genan Group
8.2.3Lakin Tire
8.2.4Scandinavian Enviro Systems
8.2.5Michelin
8.2.6Bridgestone
8.2.7Ecore International
8.2.8GreenMan Technologies
8.2.9Ragn-Sells
8.2.10Rubicon
8.2.11Tire Disposal & Recycling
8.2.12Pyrum Innovations