Global Tire Recycling Market Outlook
Revenue, 2024
$6.3B
Forecast, 2034
$10.6B
CAGR, 2025 - 2034
5.3%
The Tire Recycling industry revenue is expected to be around $6.6 billion in 2025 and expected to showcase growth with 5.3% CAGR between 2025 and 2034. 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.
Market Key Insights
- The Tire Recycling market is projected to grow from $6.3 billion in 2024 to $10.6 billion in 2034. This represents a CAGR of 5.3%, reflecting rising demand across Construction and Infrastructure, Energy and Automotive and Aerospace.
- Liberty Tire Recycling, Genan Group, Lakin Tire are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Tire Recycling market and are expected to observe the growth CAGR of 3.4% to 5.1% between 2024 and 2030.
- Emerging markets including Brazil, Mexico and Indonesia are expected to observe highest growth with CAGR ranging between 6.1% to 7.3%.
- The Tire Recycling market is set to add $4.3 billion between 2024 and 2034, with manufacturer targeting Building & Construction & Manufacturing End-Use projected to gain a larger market share.
- With Government regulations, and Sustainability initiatives, Tire Recycling market to expand 68% between 2024 and 2034.
Opportunities in the Tire Recycling
Businesses are also currently investigating the utilization of reused rubber and alternative materials, in applications like 3D printing and eco friendly construction supplies
Growth Opportunities in North America and Europe
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
In Europe the competitiveness of the market is influenced by the increasing desire, for eco-friendly goods and the shift towards a circular 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
Market Dynamics and Supply Chain
01
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
02
Restraint: High Initial Investment Costs
Establishment of tire recycling facilities demands investment that might impede the expansion of the markets reach in developing countries
03
Opportunity: Emerging Markets and Circular Economy Initiatives
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
The movement towards a circular economy in Europe offers potential for tire recycling businesses to collaborate with major manufacturers dedicated to waste reduction
04
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
1
Tire Collectors
Gather discarded tires from various sources such as auto shops, landfills, and consumers
2
Recycling Plants
Process the tires using mechanical, pyrolysis, or devulcanization methods
3
Material Distributors
Recycled rubber, steel, and textile fibers suppliers
1
Tire Collectors
Gather discarded tires from various sources such as auto shops, landfills, and consumers
2
Recycling Plants
Process the tires using mechanical, pyrolysis, or devulcanization methods
3
Material Distributors
Recycled rubber, steel, and textile fibers suppliers
Use Cases of Tire Recycling in Construction & Infrastructure
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
Consumer Goods : The consumer goods sector has been incorporating recycled rubber into products, like sports accessories and household items to cater to customers preferring sustainable products. Ecore International stands out as a leader, in this field with its creation of lasting eco-friendly goods that resonate well with individuals who prioritize environmental sustainability