According to TechSci Research report, “Tyre Recycling Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Tyre Recycling Market stood at USD 7.60 Billion in 2024 and is anticipated to grow with a CAGR of 3.60% through 2030. Discarded tyres pose severe environmental hazards, including soil contamination, air pollution from open burning, and breeding grounds for disease-carrying mosquitoes. As public awareness of environmental sustainability increases, there is a growing push for efficient recycling and repurposing of tyres to reduce their ecological footprint. This shift is encouraging the adoption of tyre-derived products in various applications.
Governments and industries are embracing circular economy principles to minimize waste and optimize resource utilization. Tyre recycling aligns with these initiatives by converting waste into reusable materials, reducing reliance on virgin resources. Companies adopting circular business models are driving the demand for sustainable tyre recycling solutions.
Private and public investments in sustainable waste management solutions are increasing globally. Governments are offering incentives, grants, and subsidies to promote tyre recycling ventures, while businesses are investing in research and development (R&D) to improve recycling efficiency and profitability. This financial support is accelerating the growth of the global tyre recycling market.
Tyre Recycling Market Overview
The tyre recycling market is gaining momentum as environmental concerns and sustainability regulations push industries to reduce waste and reuse valuable materials. Tyres, which are made from durable, non-biodegradable materials like rubber, steel, and textiles, pose a significant waste challenge. Recycling helps convert waste tyres into usable products such as rubber crumb, pyrolysis oil, steel scrap, and synthetic turf infill. This process not only mitigates environmental hazards but also generates economic value from discarded materials.
Market Drivers
Government regulations aimed at reducing landfill waste and promoting circular economy practices are among the primary drivers of the tyre recycling market. The automotive industry’s rapid growth has led to an increased number of end-of-life tyres, which require sustainable disposal methods. Moreover, rising demand for recycled rubber in construction, sports surfaces, molded products, and rubberized asphalt is further fueling the market. Technological advancements in pyrolysis and devulcanization processes are also making recycling more efficient and economically viable.
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Market Opportunities
Opportunities lie in developing regions where tyre waste management infrastructure is still evolving. Investments in advanced recycling facilities and technologies can unlock value and create employment while addressing environmental concerns. The growing popularity of sustainable construction practices and green building certifications is increasing the use of recycled rubber in roadways and flooring. Additionally, the use of recycled tyre-derived fuel in energy recovery systems is gaining traction as an alternative to fossil fuels.
Market Challenges
The tyre recycling market faces challenges such as high initial investment costs for setting up recycling facilities and the need for advanced sorting and processing technologies. Inconsistent quality of recycled material can limit its use in high-performance applications. Furthermore, lack of consumer awareness and inadequate government support in some regions may slow market adoption. Ensuring a consistent supply of waste tyres and creating profitable end-use markets remain critical concerns.
The Global Tyre Recycling Market is segmented into product, application, regional distribution, and company.
Based on application, building & construction have emerged as the dominating segment in the Global Tyre Recycling Market in 2024, primarily due to the increasing demand for sustainable and cost-effective materials. Recycled tyre-derived products, such as rubberized asphalt, insulation panels, and flooring materials, have gained widespread adoption in construction due to their durability, noise reduction properties, and resilience to weather conditions. Additionally, governments and regulatory bodies worldwide have been promoting the use of recycled materials in infrastructure projects to reduce environmental impact and enhance circular economy practices. These initiatives have significantly boosted the demand for tyre-derived materials in road construction, roofing, and insulation applications. Another crucial factor driving the dominance of the building and construction segment is the growing emphasis on green building initiatives and sustainable urban development. Many countries have implemented strict regulations to limit landfill waste and encourage the use of eco-friendly construction materials, positioning recycled tyre products as an attractive alternative. Additionally, the cost-effectiveness of using recycled rubber in construction, compared to traditional materials, has led to increased adoption by developers and contractors. The superior shock absorption and thermal insulation properties of recycled tyre materials also make them ideal for various construction applications, further solidifying their position as a preferred choice in the industry.
Based on Region, Asia Pacific have emerged as the fastest growing region in the Global Tyre Recycling Market in 2024, due to region’s cost-effective labor and manufacturing base, which enables tyre recyclers to operate at lower costs compared to their Western counterparts. This has encouraged global players to establish recycling plants in the region, expanding market growth. Moreover, the increasing awareness of carbon emissions and climate change concerns has pushed governments and industries to adopt sustainable recycling solutions, making tyre recycling a priority. With continuous advancements in technology, strong regulatory support, and a growing demand for recycled tyre products, Asia Pacific is expected to maintain its leadership position in the Global Tyre Recycling Market beyond 2024.
Major companies operating in Global Tyre Recycling Market are:
- Davis Rubber Company Inc.
- TYRE DISPOSAL & RECYCLING LLC
- Tyre Recycling Solution SA
- Liberty Tyre Recycling LLC
- Genan Holding A/S
- ResourceCo Pty Ltd.
- GRP LTD
- Lehigh Technologies, Inc.
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“As the global push for sustainability continues, technological advancements in tyre recycling will play a crucial role in reducing waste, conserving resources, and supporting circular economy models. The ongoing development of smart recycling plants, AI-driven material recovery, and next-generation pyrolysis systems will further enhance the efficiency and profitability of the tyre recycling industry. Governments, businesses, and research institutions are expected to invest heavily in innovative solutions to address the challenges associated with end-of-life tyre management, paving the way for a more sustainable future”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“Tyre Recycling Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented Product (Rubber, Tire-derived Fuel, Tire-derived Aggregate, Carbon Black, Steel Wires), By Application(Automotive, Construction, Manufacturing, Rubber & Plastics, Others), By Region and Competition 2020-2030F”, has evaluated the future growth potential of Global Tyre Recycling Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Tyre Recycling Market.
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