Tire Recycling Market by Offering, Recycling Process, Tire Type, Size, End User Industry

List of Tables

The Tire Recycling Market was valued at USD 6.92 billion in 2023 and is projected to grow to USD 7.30 billion in 2024, with a CAGR of 5.68%, reaching USD 10.19 billion by 2030.

KEY MARKET STATISTICS
Base Year [2023]	USD 6.92 billion
Estimated Year [2024]	USD 7.30 billion
Forecast Year [2030]	USD 10.19 billion
CAGR (%)	5.68%

The tire recycling industry stands at the forefront of environmental sustainability and economic innovation. With an ever-growing demand to manage end-of-life tires in a responsible manner, stakeholders are seeking creative, efficient methods to reclaim value from what was once considered waste. This summary provides a comprehensive exploration of the recycling process, emerging trends, and market segmentation, all designed to offer clarity and foresight to decision-makers. Over the past decade, increased regulatory pressure and heightened environmental awareness have spurred advancements in processing methods, material recovery, and product diversification. These changes are not only reducing landfill dependency but are also forging new revenue streams across multiple industries. The market is witnessing an infusion of technological innovations that enhance efficiency from collection to reprocessing, ensuring a significant reduction in carbon footprint while meeting industrial demand. As this report unfolds, it will delve into transformative shifts, detailed segmentation insights, regional dynamics, and the key players propelling the industry forward, setting the stage for strategic initiatives in this vital, emerging field.

Transformative Shifts Redefining the Tire Recycling Landscape

Rapid innovation and evolving consumer expectations have catalyzed transformative shifts in the tire recycling market. New processes and technologies are revolutionizing how end-of-life tires are processed, merging traditional mechanical recycling with advanced chemical and pyrolysis methods. These developments enable higher recovery rates, improved material quality, and an overall boost in the environmental value chain. Regulatory adaptations and increasing pressures to meet environmental compliance have also driven companies to reexamine their production practices, adopting more integrated and sustainable techniques. The focus on reducing greenhouse gas emissions, enhancing energy efficiencies, and sourcing secondary raw materials is creating a robust framework for industry growth. Moreover, cross-industry collaborations and investments in research are shaping a market that is nimble and resilient in the face of global challenges. Stakeholders now have the opportunity to benefit from improved technology transfers and a more streamlined supply chain that supports a circular economy. Such evolving paradigms not only transform operational dynamics but also drive competitive differentiation, ensuring that early adopters secure a prominent position in the future market.

Deep Dive into Segmentation Insights Shaping the Recycling Market

A detailed examination of market segmentation reveals several avenues through which the tire recycling landscape is structured. One prominent dimension is based on offering; the market is studied across downstream products and services that serve varied industrial needs. Downstream products encompass critical materials such as carbon black, crumb rubber, fiber and nylon, steel, tire-derived aggregate, and tire-derived fuel. Each of these segments reflects distinct processing techniques and applications, contributing to the overarching value chain. Equally important is the segmentation based on the recycling process. Here, the industry is analyzed through the lens of chemical recycling, mechanical recycling, and pyrolysis processes. Within the chemical recycling space, techniques such as catalytic cracking, depolymerization, hydrolysis, ozonation, and solvent extraction are pivotal. Mechanical recycling relies on processes including the crumb rubber process, devulcanization, granulation, and shredding, while the pyrolysis process is further divided into catalytic pyrolysis, flash pyrolysis, thermal decomposition, and vacuum pyrolysis. Additional segmentation examines the type of tire, distinguishing between commercial tires, off-the-road tires, and passenger tires; with commercial tires further delineated into heavy-duty and medium-duty vehicles, and off-the-road tires encompassing agricultural, construction, and mining usages. Other dimensions include segmentations based on size, differentiating between large-scale and small-scale recycling operations, as well as based on the end-user industry, which spans automotive sectors - both aftermarket parts and original equipment manufacturing - alongside construction, infrastructure, and consumer goods industries. This layered segmentation is crucial for identifying specific market opportunities and tailoring strategies that meet diverse client needs.

Based on Offering, market is studied across Downstream Products and Services. The Downstream Products is further studied across Carbon Black, Crumb Rubber, Fiber & Nylon, Steel, Tire-Derived Aggregate, and Tire-Derived Fuel.

Based on Recycling Process, market is studied across Chemical Recycling, Mechanical Recycling, and Pyrolysis Process. The Chemical Recycling is further studied across Catalytic Cracking, Depolymerization, Hydrolysis, Ozonation, and Solvent Extraction. The Mechanical Recycling is further studied across Crumb Rubber Process, Devulcanization, Granulation, and Shredding. The Pyrolysis Process is further studied across Catalytic Pyrolysis, Flash Pyrolysis, Thermal Decomposition, and Vacuum Pyrolysis.

Based on Tire Type, market is studied across Commercial Tires, Off-The-Road (OTR) Tires, and Passenger Tires. The Commercial Tires is further studied across Heavy-Duty Vehicles and Medium-Duty Vehicles. The Off-The-Road (OTR) Tires is further studied across Agricultural Tires, Construction Tires, and Mining Tires.

Based on Size, market is studied across Large-Scale Recycling and Small-Scale Recycling.

Based on End User Industry, market is studied across Automotive, Construction & Infrastructure, and Consumer Goods. The Automotive is further studied across Aftermarket Parts and Original Equipment Manufacturers. The Construction & Infrastructure is further studied across Building Contractors and Road Construction Companies.

Regional Dynamics Impacting Tire Recycling Trends

Geographical factors play a significant role in how tire recycling markets evolve, with notable variations observed across three major regions. In the Americas, stringent environmental regulations coupled with a proactive approach to reducing industrial waste have contributed to a supportive framework for recycling initiatives. This region benefits from a rich history of technological adoption and advanced waste management systems which propel market growth. In Europe, the Middle East, and Africa, diverse regulatory landscapes and economic conditions drive both innovation and conservative practices. In Europe, established guidelines and a long-standing commitment to sustainability have created a market ripe for advanced recycling technologies. Meanwhile, emerging markets within the Middle East and Africa are leveraging these methods to both address waste management challenges and stimulate economic opportunities. Asia-Pacific has emerged as a powerhouse due to its rapid industrial development, combined with a growing environmental consciousness. Driven by large-scale manufacturing and robust government initiatives, the region is witnessing significant investments in recycling technology, which ensures scalability and efficiency in processing. Collectively, regional dynamics highlight how local regulations, economic drivers, and consumer priorities shape unique market opportunities, ensuring that the tire recycling industry remains vibrant and responsive to global environmental needs.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Colorado, Florida, Illinois, Nevada, New York, North Carolina, South Carolina, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Key Company Players Driving Innovation in Tire Recycling

The tire recycling sector is characterized by a diverse array of key companies that are steering change and fostering innovation across the market. Notable market participants include BDS Tire Recycling, Inc, Bridgestone Corporation, Champlin Tire Recycling, Inc, and CIRCTEC, among several others. These enterprises are committed to elevating recycling processes through advanced technologies and by forging robust partnerships that enhance efficiency and material value recovery. Industry leaders such as CONTEC S.A. and Continental AG continue to invest heavily in research and development, ensuring that recycling methods keep pace with technological advancements. Other influential players include CRM, Emanuel Tire, LLC, Entech Inc., and Environmental Waste International, each of which offers unique solutions spanning from mechanical to chemical treatment. Further contributions come from FBS Tire Recycling, Inc., GENAN HOLDING A/S, Green Distillation Technologies Corporation Limited, GRP Limited, and Indo Green Enviro Pvt Ltd, among others who are leading transformative practices. Companies like Kargro Group, Klean Industries Inc., and Kokubu Shokai Co., Ltd drive improvements in process design and energy recovery, while Liberty Tire Recycling, LLC, MATEC Inc., Michelin Group, and Mitsubishi Chemical Group Corporation expand the market's footprint internationally. National Tyre Recovery Ltd, reRubber, LLC, Tinna Rubber and Infrastructure Limited, TIRES S.p.A., Tyre Recycling Solutions SA, Tyrecycle by ResourceCo Pty Ltd., and Wastefront AS further contribute by reinforcing sustainable practices, thereby establishing a rich ecosystem of competitive and innovative industry leaders.

The report delves into recent significant developments in the Tire Recycling Market, highlighting leading vendors and their innovative profiles. These include BDS Tire Recycling, Inc, Bridgestone Corporation, Champlin Tire Recycling, Inc, CIRCTEC, CONTEC S.A., Continental AG, CRM, Emanuel Tire, LLC, Entech Inc., Environmental Waste International, FBS Tire Recycling, Inc., GENAN HOLDING A/S, Green Distillation Technologies Corporation Limited, GRP Limited, Indo Green Enviro Pvt Ltd, Kargro Group, Klean Industries Inc., Kokubu Shokai Co., Ltd, Liberty Tire Recycling, LLC, MATEC Inc., Michelin Group, Mitsubishi Chemical Group Corporation, National Tyre Recovery Ltd, reRubber, LLC, Tinna Rubber and Infrastructure Limited, TIRES S.p.A., Tyre Recycling Solutions SA, Tyrecycle by ResourceCo Pty Ltd., and Wastefront AS. Actionable Recommendations for Industry Leaders

In the face of rapid technological advancements and evolving regulatory conditions, industry leaders in tire recycling must adopt a proactive approach to sustain competitive advantage. It is essential to invest in research and development aimed at enhancing both chemical and mechanical recycling methodologies, with a focus on increasing recovery yields and ensuring material consistency. Leaders should consider establishing strategic partnerships with technology innovators and academic institutions to harness cutting-edge processes such as advanced depolymerization and catalytic techniques. A further actionable recommendation is to diversify product portfolios by tapping into downstream opportunities; this includes exploring new applications for recovered materials like carbon black, crumb rubber, and fiber components. In addition, companies are advised to continuously analyze regional regulations and market dynamics, enabling them to tailor their strategies according to localized demand and compliance standards. Embracing digital transformation, such as integrating IoT and data analytics, can improve process efficiency and monitoring. Furthermore, fostering sustainability through green initiatives and robust supply chain management not only meets environmental standards but also enhances brand reputation and market trust. Industry leaders who adopt these recommendations can significantly improve operational resilience, drive innovation, and capture emerging market segments, ultimately ensuring long-term success in this transformative sector.

Conclusion: Navigating the Future of Tire Recycling

The comprehensive analysis presented in this summary underscores the dynamic landscape of tire recycling and its pivotal role in environmental sustainability. Transformative technologies, evolving segmentation strategies, and regional dynamics collectively shape a market that is both resilient and ripe with opportunity. Advanced recycling processes are redefining how materials are reclaimed, turning waste into valuable resources and enabling a circular economy that benefits a broad array of industries. The participation of forward-thinking companies further validates the importance of innovation and collaboration, as they invest in cutting-edge technologies and sustainable practices. In conclusion, the tire recycling industry is on an upward trajectory, driven by regulatory initiatives, technological advancements, and an inherent commitment to environmental stewardship. Stakeholders across the spectrum are poised to benefit from the convergence of these factors, making now an opportune moment to invest in scalable and sustainable recycling solutions. The insights provided herein serve as a guide for navigating future market challenges and seizing new opportunities, solidifying the industry's role in paving the way for a cleaner, more efficient world.

Product Code: MRR-4F7A6D4FB4D0

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing public awareness about environmental pollution and sustainability
  - 5.1.1.2. Increasing tire production and waste with the expansion of the automotive industry

5.1.2. Restraints
- 5.1.2.1. High initial investment for tire recycling facilities and technologies

5.1.3. Opportunities
- 5.1.3.1. Innovations in energy-saving recycling processes to improve efficiency
- 5.1.3.2. Government regulations and policies for reducing waste and promoting recycling
- 5.1.3.3. Rising adoption of CSR activities in businesses around the world

5.1.4. Challenges
- 5.1.4.1. Differing regulations and standards across regions complicating tire recycling operations

5.2. Market Segmentation Analysis
- 5.2.1. Offering: Proliferating usage of the crumb rubber in sports surfaces and playgrounds owing to its high shock absorption properties
- 5.2.2. Recycling Process: Rising focus on optimizing chemical as it possess capacity to break down tire polymers into valuable chemicals and oils
- 5.2.3. Tire Type: Substantial tire recycling potential in the off-the-road (OTR) tires due to their size and the value of materials they yield
- 5.2.4. Size: Burgeoning adoption of large-scale recycling facilities with growing demand from industrial establishments
- 5.2.5. End User Industry: Expanding utilization of tire recycling across the automotive industry
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Tire Recycling Market, by Offering

6.2. Downstream Products
- 6.2.1. Carbon Black
- 6.2.2. Crumb Rubber
- 6.2.3. Fiber & Nylon
- 6.2.4. Steel
- 6.2.5. Tire-Derived Aggregate
- 6.2.6. Tire-Derived Fuel
6.3. Services

7. Tire Recycling Market, by Recycling Process

7.2. Chemical Recycling
- 7.2.1. Catalytic Cracking
- 7.2.2. Depolymerization
- 7.2.3. Hydrolysis
- 7.2.4. Ozonation
- 7.2.5. Solvent Extraction
7.3. Mechanical Recycling
- 7.3.1. Crumb Rubber Process
- 7.3.2. Devulcanization
- 7.3.3. Granulation
- 7.3.4. Shredding
7.4. Pyrolysis Process
- 7.4.1. Catalytic Pyrolysis
- 7.4.2. Flash Pyrolysis
- 7.4.3. Thermal Decomposition
- 7.4.4. Vacuum Pyrolysis

8. Tire Recycling Market, by Tire Type

8.2. Commercial Tires
- 8.2.1. Heavy-Duty Vehicles
- 8.2.2. Medium-Duty Vehicles
8.3. Off-The-Road (OTR) Tires
- 8.3.1. Agricultural Tires
- 8.3.2. Construction Tires
- 8.3.3. Mining Tires
8.4. Passenger Tires

9. Tire Recycling Market, by Size

9.2. Large-Scale Recycling
9.3. Small-Scale Recycling

10. Tire Recycling Market, by End User Industry

10.2. Automotive
- 10.2.1. Aftermarket Parts
- 10.2.2. Original Equipment Manufacturers
10.3. Construction & Infrastructure
- 10.3.1. Building Contractors
- 10.3.2. Road Construction Companies
10.4. Consumer Goods

11. Americas Tire Recycling Market

11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Tire Recycling Market

12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Tire Recycling Market

13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Alcoa partners with Tyrecycle to lead a sustainable revolution in mining tyre recycling across Australia
- 14.3.2. Gravita Netherlands BV expands into Europe with the acquisition of Romanian tire recycling plant
- 14.3.3. Marubeni's strategic investment in Green Rubber Energy Co. to transform tire recycling

14.3.4. New Zealand takes strides in sustainability by launching an innovative tire recycling scheme to combat waste
14.3.5. Bridgestone, BB&G, and Versalis join forces to launch closed-loop tire recycling for a sustainable future
14.3.6. Mitsubishi Chemical unveils groundbreaking recycling process for sustainable carbon black

14.3.7. LD Carbon secures USD 28 million in funding to revolutionize tire recycling with sustainable technology expansion
14.3.8. Circtec revolutionizes tire recycling with Europe's largest pyrolysis facility funded by strategic partnerships
14.3.9. ReTyre's innovative recycling technology poised to revolutionize sustainability in India's tyre industry
14.3.10. Liberty Tire Recycling expands footprint with strategic acquisitions to enhance sustainable tire recycling in central Florida

14.4. Strategy Analysis & Recommendation
- 14.4.1. GRP Limited
- 14.4.2. Liberty Tire Recycling, LLC
- 14.4.3. Michelin Group
- 14.4.4. Continental AG

Companies Mentioned

1. BDS Tire Recycling, Inc
2. Bridgestone Corporation
3. Champlin Tire Recycling, Inc
4. CIRCTEC
5. CONTEC S.A.
6. Continental AG
7. CRM
8. Emanuel Tire, LLC
9. Entech Inc.
10. Environmental Waste International
11. FBS Tire Recycling, Inc.
12. GENAN HOLDING A/S
13. Green Distillation Technologies Corporation Limited
14. GRP Limited
15. Indo Green Enviro Pvt Ltd
16. Kargro Group
17. Klean Industries Inc.
18. Kokubu Shokai Co., Ltd
19. Liberty Tire Recycling, LLC
20. MATEC Inc.
21. Michelin Group
22. Mitsubishi Chemical Group Corporation
23. National Tyre Recovery Ltd
24. reRubber, LLC
25. Tinna Rubber and Infrastructure Limited
26. TIRES S.p.A.
27. Tyre Recycling Solutions SA
28. Tyrecycle by ResourceCo Pty Ltd.
29. Wastefront AS