Tire Recycling Market Report 2025 (Global Edition)

Global Tire Recycling Market Report 2025 Market Size Split by Process (Pyrolysis, Shredding, Refurbishing), by Product (Crumbed Rubber, Tire Derived Fuel, Refurbished Commercial Vehicle Tires, Others)...

Tire Recycling Market Report Description

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Tire Recycling Market Insights Video

Competitive Landscape of the Tire Recycling Market

The tire recycling market is competitive with key players including Bridgestone, Michelin, and Continental, which invest in advanced technologies for tire processing and product innovation. Emerging companies like Liberty Tire Recycling and Lehigh Technologies focus on innovative recycling processes such as pyrolysis and advanced crumb rubber production. Regional players are also significant, providing localized recycling solutions and services. The market is characterized by collaborations and partnerships between tire manufacturers and recycling firms to enhance sustainability and meet regulatory requirements. Additionally, the growth of eco-friendly initiatives and government regulations drive competition and innovation in the sector.

Top Companies Market Share in Tire Recycling Industry: (In no particular order of Rank)

• Tyre Recycling Solutions SA
• Entech Inc.
• Contec S.A.
• Champlin Tire Recycling Inc.
• Michelin Group S.A.
• Continental AG
• Emanuel Tire LLC
• Liberty Tire Services LLC (Lakin Tire)
• Genan Holding A/S
• Bridgestone Corporation
• Tire Disposal and Recycling Inc.
• Apollo Tyres Ltd.
• Wastefront AS
• Re-Match Holding A/S
• Green Distillation Technologies Corporation LTD.
• reRubber LLC.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Tire Recycling Market

Which Region Dominates the Tire Recycling Market in 2024?

According to Cognitive Market Research, North America is expected to dominate the tire recycling market. This leadership is driven by strong regulatory frameworks promoting tire recycling, advanced recycling technologies, and substantial investments in infrastructure. The U.S. and Canada have well-established recycling programs and policies that support the efficient processing of used tires. Additionally, the region's significant automotive industry and high volume of tire usage contribute to a robust market for recycled products. North America's emphasis on environmental sustainability and circular economy practices further reinforces its dominance in the global tire recycling sector.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific region is expanding at the fastest CAGR in the tire recycling market. Rapid industrialization, increasing tire consumption, and growing environmental awareness drive this growth. Countries like China and India are significantly investing in tire recycling infrastructure and technology to address the challenges of waste management. Government initiatives and regulations promoting tire recycling are also contributing to the region's rapid expansion. The rise in automotive production and a large population base are key factors accelerating the adoption of recycling practices in the Asia-Pacific region.

The current report Scope analyzes Tire Recycling Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Tire Recycling Market

According to Cognitive Market Research, the global Tire Recycling Market size was estimated at USD 12425.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 4970.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Tire Recycling Market with a market size of USD 3921.52 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. Stringent environmental regulations and advanced recycling technologies drive significant growth in the tire recycling market.
• The Canada Tire Recycling Market had a market share of USD 596.43 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Robust recycling infrastructure and strong sustainability initiatives contribute to the market’s expansion.
• The Mexico Tire Recycling Market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 452.29 million in 2024.

Europe Tire Recycling Market

According to Cognitive Market Research, the global Tire Recycling Market size was estimated at USD 12425.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3727.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Tire Recycling Market had a market share of USD 626.25 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period Emphasis on early diagnosis and innovative healthcare solutions supports market expansion.
• The France Tire Recycling Market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 342.95 million in 2024.
• According to Cognitive Market Research, the German Tire Recycling Market size was valued at USD 738.08 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. Innovative recycling technologies and strict waste management regulations support the tire recycling sector's development.
• The Italy Tire Recycling Market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 320.58 million in 2024.
• The Russia Tire Recycling Market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 577.79 million in 2024.
• The Spain Tire Recycling Market is projected to witness growth at a CAGR of 1.6% during the forecast period, with a market size of USD 305.67 million in 2024.
• The Luxembourg Tire Recycling Market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 115.56 million in 2024.
• The Portugal Tire Recycling Market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 78.28 million in 2024.
• The Greece Tire Recycling Market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 44.73 million in 2024.
• The Rest of Europe Tire Recycling Market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 577.79 million in 2024.

Asia Pacific Tire Recycling Market

According to Cognitive Market Research, the global Tire Recycling Market size was estimated at USD 12425.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2857.89 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Tire Recycling Market size was valued at USD 1286.05 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Rapid industrialization and increasing tire waste volumes drive the growth of tire recycling infrastructure.
• The Japan Decorative Laminates Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 394.39 million in 2024.
• The India Tire Recycling Market had a market share of USD 342.95million in 2024 and is projected to grow at a CAGR of 26.8% during the forecast period. Growing environmental awareness and expanding waste management systems enhance the tire recycling market.
• The South Korea Tire Recycling Market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 285.79 million in 2024.
• The Australia Tire Recycling Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 148.61 million in 2024.
• The South East Asia Tire Recycling Market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 197.19 million in 2024.
• The Rest of APAC Tire Recycling Market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 202.91 million in 2024.

South America Tire Recycling Market

According to Cognitive Market Research, the global Tire Recycling Market size was estimated at USD 12425.6 Million, out of which the Latin America market has more than 5% share of the global revenue with a market size of USD 621.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Tire Recycling Market size was valued at USD 265.91 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Rising demand for sustainable solutions and government investment in recycling infrastructure propel market growth.
• Argentina's Tire Recycling Market had a market share of USD 104.38 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Increasing focus on waste management and environmental regulations stimulate growth in tire recycling.
• The Colombia Tire Recycling Market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 55.29 million in 2024.
• The Peru Tire Recycling Market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 50.94 million in 2024.
• The Chile Tire Recycling Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 44.73 million in 2024.
• The Rest of LATAM Tire Recycling Market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 100.3 million in 2024.

Middle East Tire Recycling Market

According to Cognitive Market Research, the global Tire Recycling Market size was estimated at USD 12425.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 248.51 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• The GCC Countries Tire Recycling Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 106.36 million in 2024. Investment in waste management infrastructure and environmental regulations boost the tire recycling market.
• The Egypt Decorative Laminates Market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 26.09 million in 2024.
• The South Africa Tire Recycling Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 39.26 million in 2024. Government initiatives and rising environmental concerns drive the expansion of tire recycling capabilities.
• The Turkey Tire Recycling Market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 21.37 million in 2024.
• The Nigeria Tire Recycling Market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 26.09 million in 2024.
• The Rest of MEA Tire Recycling Market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 29.32 million in 2024.

Tire Recycling Market Analysis

Tire Recycling Market Process Segment Analysis

According to Cognitive Market Research, Shredding is the largest segment in the tire recycling market. It involves breaking down whole tires into smaller, manageable pieces, which can then be further processed into crumbed rubber or other products. This process is widely adopted due to its efficiency and versatility, enabling the use of shredded tires in various applications, including road construction and rubber products. Shredding also serves as a foundational step for other recycling methods, making it a crucial component of the tire recycling industry and contributing significantly to its market size.

Pyrolysis is the fastest-growing segment in tire recycling. This process involves heating tires in the absence of oxygen to decompose them into valuable by-products like oil, gas, and char. The growing interest in pyrolysis is driven by its ability to produce high-value materials and energy from waste tires, aligning with increasing environmental regulations and sustainability goals. Advances in technology and higher efficiency of modern pyrolysis systems are further fueling its rapid growth, making it a key area of innovation and investment in the recycling market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Tire Recycling Industry. Request a Free Sample PDF!

Tire Recycling Market Product Segment Analysis

According to Cognitive Market Research, Tire Derived Fuel (TDF) is the largest product segment in the tire recycling market due to its extensive use in industrial applications. TDF is a high-energy material derived from processed tires, used primarily as a supplementary fuel in cement kilns, industrial boilers, and paper mills. Its high calorific value and cost-effectiveness make it an attractive alternative to conventional fossil fuels. The widespread adoption of TDF is driven by its ability to reduce waste and lower energy costs for industrial operations.

Crumbed Rubber is the fastest-growing segment due to its versatility and expanding applications in various industries. Made from shredded tires, crumbed rubber is used in road construction, asphalt mixtures, and as infill for synthetic sports fields. The growing focus on sustainable construction practices and the benefits of using recycled materials are driving demand. Its applications in high-performance surfaces and environmentally friendly products contribute to its rapid growth, reflecting increased awareness and adoption of eco-friendly solutions.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Tire Recycling Application Segment Analysis

Tire Recycling Market Application Segment Analysis

According to Cognitive Market Research, Manufacturing is the largest application segment in the tire recycling market. The use of recycled tires in the manufacturing of products like Tire Derived Fuel (TDF) for industrial boilers and cement kilns provides significant energy savings and cost reduction. Additionally, crumbed rubber from recycled tires is used in various manufacturing processes, such as producing rubber mats and playground surfaces. This widespread use in industrial and manufacturing applications not only helps in reducing waste but also adds value by repurposing tires into useful products.

Construction is the fastest-growing application segment. The incorporation of crumbed rubber into road construction and asphalt mixtures enhances durability and performance while offering environmental benefits by reducing the need for virgin materials. The use of recycled rubber in roofing solutions also contributes to sustainability by offering a durable, weather-resistant material. As environmental regulations tighten and sustainable practices gain traction, the demand for recycled tire products in construction is rapidly increasing, driving growth in this segment.

• MANUFACTURING
• CONSTRUCTION
• AUTOMOTIVE
• RUBBER & PLASTICS
• OTHER END-USE INDUSTRIES

Tire Recycling Type Segment Analysis

• SERVICE
• MATERIAL

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion