Tire Recycling Market Size
| Study Period | 2020 - 2030 |
| Market Size (2025) | USD 7.68 Billion |
| Market Size (2030) | USD 9.25 Billion |
| CAGR (2025 - 2030) | 3.80% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Tire Recycling Market Analysis
The Tire Recycling Market size is estimated at USD 7.68 billion in 2025, and is expected to reach USD 9.25 billion by 2030, at a CAGR of 3.80% during the forecast period (2025-2030).
The tire recycling industry plays a vital role in addressing the environmental challenges posed by end-of-life tires by converting them into reusable materials. Discarded tires, if left unmanaged, can lead to significant environmental hazards due to their slow decomposition and potential for fires. Recycling processes such as mechanical shredding, pyrolysis, and devulcanization are employed to recover valuable components like rubber, steel, and fiber. These reclaimed materials are then repurposed for applications in construction, road paving, and as alternative fuels, reducing the dependency on virgin resources and contributing to a circular economy. For instance,
- In February 2024, Michelin, in partnership with Antin and Enviro, announced the construction of the first end-of-life tire recycling plant. This facility will utilize Enviro's innovative pyrolysis technology, which is designed to extract raw materials from multi-component products efficiently. This collaboration highlights the industry's commitment to leveraging advanced technologies to enhance the recycling process and maximize resource recovery.
Despite its numerous benefits, the tire recycling sector faces several challenges. Inconsistent supply chains, regulatory complexities, and limited market demand for recycled products hinder the industry's growth. These issues create barriers to scaling operations and achieving widespread adoption of recycled materials. Additionally, logistical hurdles and contamination concerns further complicate the recycling process, impacting efficiency and cost-effectiveness.
However, advancements in processing technologies and growing awareness of sustainable waste management are driving innovation within the industry. Companies are increasingly investing in research and development to improve recycling methods and address existing challenges. At the same time, evolving environmental policies continue to shape the industry's trajectory, presenting both opportunities and obstacles. As the sector navigates these dynamics, its ability to adapt and innovate will be critical to its long-term success and contribution to global sustainability goals.
Tire Recycling Market Trends
Automotive Industry fuels the demand of the market
The automotive industry, with its ever-growing vehicle production, is a major driver behind the rising need for tire recycling. Each new vehicle rolls out with multiple tires, and as these tires wear out, they add to the mounting pile of discarded ones. Effectively disposing of and recycling these used tires not only aids in waste management but also repurposes them for diverse applications, including road construction, industrial products, and alternative fuels. As the automotive sector expands, the urgency for sustainable tire waste solutions intensifies.
With the surge in vehicle numbers comes an increased demand for the raw materials essential in tire manufacturing. By utilizing recycled rubber and other recovered components, manufacturers can supplement these materials, thereby lessening their dependence on newly sourced resources. This approach not only bolsters waste management efforts but also alleviates concerns surrounding resource depletion. Furthermore, advancements in recycling technology are enhancing material recovery efficiency, underscoring the pivotal role of tire recycling in the expanding automotive landscape.
Recycling initiatives also contribute to addressing environmental challenges associated with tire waste. Discarded tires, if not managed properly, can lead to significant environmental hazards, including soil and water contamination. By integrating recycled materials into production processes, industries can reduce their ecological footprint while promoting a circular economy. This shift toward sustainable practices aligns with the growing emphasis on environmental responsibility within the automotive sector.
Due to the market's robust growth, leading companies are forging collaborations to capture a larger share. For instance,
- In January 2024, Liberty Tire Recycling made headlines with its acquisition of two prominent scrap tire collectors and haulers in Central Florida: “Empire Tire of Edgewater” in Orlando and “McGee Tire” in Apopka. Such strategic moves highlight the competitive dynamics within the tire recycling market as companies aim to strengthen their market position.
Asia Pacific is at the forefront of the market
Asia Pacific has emerged as a powerhouse in tire recycling, with China leading the charge, commanding a significant portion of the global recycled tire volume. China's vast automotive sector generates a considerable amount of tire waste, highlighting the urgent need for effective recycling solutions. In recent years, China has shifted its focus to reprocessing used tires, converting them into valuable raw materials for construction, fuel, and various other applications. This transition has been reinforced by stringent waste management regulations and a national pledge to reduce environmental harm.
India is also making significant strides in tire recycling. The country's rapidly growing vehicle population has resulted in a surge of discarded tires, creating a pressing need for efficient recycling infrastructure. To address this, India has seen the establishment of numerous recycling facilities aimed at managing the increasing volume of tire waste. These initiatives are expected to play a critical role in reducing environmental degradation while supporting the circular economy.
Japan, on the other hand, is leveraging advanced processing technologies to enhance its tire recycling capabilities. The country focuses on optimizing material recovery and minimizing contributions to landfills. For instance,
- In August 2024, Mitsubishi Chemical Group (MCG Group) initiated studies for the chemical recycling of end-of-life tires (ELTs) at its Kagawa Plant, utilizing its coke ovens. The MCG Group has set its sights on marketing sustainable carbon black derived from ELTs by March 2026. This initiative underscores Japan's commitment to innovation and sustainability in tire recycling.
With automotive production and tire consumption on the rise across Asia Pacific, the region's role in the global tire recycling landscape is becoming increasingly significant. The combined efforts of countries like China, India, and Japan not only address the growing tire waste problem but also contribute to the development of sustainable practices and the reduction of environmental impact on a global scale.
Tire Recycling Industry Overview
The tire recycling market features a diverse range of participants, including both international and domestic players, who are actively contributing to its growth and development. These players are leveraging innovative technologies and sustainable practices to address the increasing demand for recycled tire products and to meet environmental regulations.
The major companies covered in the report include Apollo Tyres Ltd, Bridgestone Corporation (Bandag LLC), Champlin Tire Recycling, Inc, Contec, Continental AG, Emanuel Tire, LLC, Entech Inc., Genan Holdings A/S, Green Distillation Technologies Corporation LTD., Liberty Tire Services LLC (Lakin Tire), Michelin Group S.A., Re-Match Holding A/S, reRubber, LLC., Tire Disposal & Recycling, Inc., Tyre Recycling Solutions SA, and Wastefront AS. These companies play a significant role in shaping the market landscape through their innovative approaches and strategic initiatives.
To remain competitive, the major players in the market adopt various development strategies. These include product launches, partnerships, product development agreements, and business expansions. Such strategies enable them to enhance their market presence, improve operational efficiency, and cater to the growing demand for sustainable tire recycling solutions. The adoption of these strategies reflects the dynamic nature of the market and the continuous efforts by companies to address environmental concerns and regulatory requirements. For instance,
- In January 2025, Bridgestone announced its plans to establish a pilot demonstration plant for precise pyrolysis of end-of-life tires. This plant will be located at its facility in Seki City, Gifu Prefecture, Japan. The initiative underscores Bridgestone's commitment to advancing innovative recycling technologies and contributing to a circular economy by efficiently managing end-of-life tires.
- Similarly, in December 2024, Apollo Tyres partnered with Tyromer to incorporate recycled rubber derived from end-of-life tires into its production process. This collaboration highlights Apollo Tyres' focus on sustainability and its efforts to reduce the environmental impact of tire manufacturing. By integrating recycled materials, the company aims to promote resource efficiency and support the global transition toward eco-friendly practices in the tire industry.
Tire Recycling Market Leaders
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Liberty Tire Services LLC
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Wastefront AS
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Genan Holding A/S
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Michelin Group S.A.
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ResourceCo
- *Disclaimer: Major Players sorted in no particular order
Tire Recycling Market News
- April 2024: Klean Industries Inc. has inked a Memorandum of Understanding with L4T Group Life for Tyres Ltd., a firm renowned for its pyrolysis and recycling facilities dedicated to end-of-life tires. Through this collaboration, both entities seek to leverage their combined expertise, crafting integrated solutions that champion the sustainable recovery of commodities from end-of-life tires on a global scale.
- July 2023: VTTI invested $43 million in Wastefront, a waste tire recycling firm, to back the initial phase of its end-of-life tire (ELT) recycling facility in Sunderland, UK.
- March 2023: Enviro teamed up with Antin Infrastructure to establish one of Europe's pioneering large-scale tire recycling groups, aiming to convert end-of-life tires into sustainable raw materials, such as recovered carbon black and oils, for reuse in the tire and petrochemical sectors.
Tire Recycling Industry Segmentation
Tire recycling involves the process of breaking down old tires into reusable materials, such as rubber, steel, and fabric. This process not only helps in reducing environmental waste but also prevents tires from occupying space in landfills, contributing to sustainable waste management practices.
Tire Recycling Market is segmented by Product, Process, Application and Geography. By Product, the market is segmented into Rubber, TDF, TDA and Carbon Black. By Process, the market is segmented into Pyrolysis, Shredding and Refurbishing. By Application, the market is segmented into Manufacturing, Construction, Automotive and Others. By Geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. For each segment, market sizing and forecast have been done on the basis of value (USD).
| Product | Rubber | ||
| TDF | |||
| TDA | |||
| Carbon Black | |||
| Process | Pyrolysis | ||
| Shredding | |||
| Refurbishing | |||
| Application | Manufacturing | ||
| Construction | |||
| Automotive | |||
| Others | |||
| Geography | North America | United States | |
| Canada | |||
| Rest of North America | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Spain | |||
| Rest of Europe | |||
| Asia Pacific | India | ||
| China | |||
| Japan | |||
| Rest of Asia Pacific | |||
| Rest of the World | South America | ||
| Middle East & Africa | |||
| Rubber |
| TDF |
| TDA |
| Carbon Black |
| Pyrolysis |
| Shredding |
| Refurbishing |
| Manufacturing |
| Construction |
| Automotive |
| Others |
| North America | United States |
| Canada | |
| Rest of North America | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Spain | |
| Rest of Europe | |
| Asia Pacific | India |
| China | |
| Japan | |
| Rest of Asia Pacific | |
| Rest of the World | South America |
| Middle East & Africa |
Tire Recycling Market Research FAQs
How big is the Tire Recycling Market?
The Tire Recycling Market size is expected to reach USD 7.68 billion in 2025 and grow at a CAGR of 3.80% to reach USD 9.25 billion by 2030.
What is the current Tire Recycling Market size?
In 2025, the Tire Recycling Market size is expected to reach USD 7.68 billion.
Who are the key players in Tire Recycling Market?
Liberty Tire Services LLC, Wastefront AS, Genan Holding A/S, Michelin Group S.A. and ResourceCo are the major companies operating in the Tire Recycling Market.
Which is the fastest growing region in Tire Recycling Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Tire Recycling Market?
In 2025, the Asia Pacific accounts for the largest market share in Tire Recycling Market.
What years does this Tire Recycling Market cover, and what was the market size in 2024?
In 2024, the Tire Recycling Market size was estimated at USD 7.39 billion. The report covers the Tire Recycling Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Tire Recycling Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Tire Recycling Industry Report
Statistics for the 2025 Tire Recycling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Tire Recycling analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
