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Global Tire Recycling Market to reach USD 16.86 billion by the end of 2030

Global Tire Recycling Market Size study & Forecast, by Process (Pyrolysis, Shredding, Refurbishing) by End User (Manufacturing, Construction, Rubber Products, Automotive, Other), by Product (Crumbed Rubber, Tire Derived Fuel, Refurbished commercial vehicle tires, Other) and Regional Analysis, 2023-2030

Product Code: ALTAMC-91327631
Publish Date: 20-10-2023
Page: 200

Global Tire Recycling Market is valued approximately at USD 12.9 billion in 2022 and is anticipated to grow with a growth rate of more than 3.4% over the forecast period 2023-2030. Tire recycling is the process of reusing or repurposing old or discarded tires rather than disposing of them in landfills or incinerating them. The recycling of tires helps to minimize waste, conserve resources and reduce environmental pollution associated with tire disposal. Tire recycling helps in reducing the environmental impact of tire waste, prevents illegal dumping, conserves natural resources and promotes the sustainable use of materials. It also contributes to the development of a circular economy by transforming waste into valuable resources. The Tire Recycling market is expanding because of factors such as growth in the number of automobiles and public and private initiatives for tire recycling.

The International Energy Agency estimates that as of 2020, India has about 25 vehicles per 1,000 inhabitants, and that figure is anticipated to rise to 150 by the year 2040. Additionally, according to data from the European Union’s Eurostat, there were 233,186,872 passenger automobiles overall in 2016; this figure rose to 253,305,631 in 2021. The annual increase in the amount of waste tires is exclusively due to the increase in the sales of private, commercial, and industrial automobiles in both developed and developing nations. According to the Federal Highway Administration Research and Technology, the U.S. alone creates around 280 million discarded tires annually., More than a billion trash tires, sometimes referred to as End-of-Life Tyres (ELTs), are produced globally, making up 2% of all waste produced. Thus, rising number of automobiles and tire waste is driving the market growth. In addition, the surge in environmental pollution and development of regulations and policies to promote tire recycling are some factors creating lucrative opportunities to the market. However, problems associated with the storage of scrap tires and environmental impact of improper tire disposal stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Tire Recycling Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to presence of key market players, rising automotive industry, rising government initiatives for promoting tire recycling, rising technological advancement in recycling process and more. Whereas Asia Pacific region is projected to have fastest growth owing to factors such as rising automobiles production, rising initiatives for tire recycling activities in the region.

Major market player included in this report are:
Bridgestone Corporation (Bandag LLC)
Continental AG
Liberty Tire Services LLC
Genan Holdings A/S
Champlin Tire Recycling, Inc
Green Distillation Technologies Corporation LTD.
Wastefront AS
Emanuel Tire LLC
Apollo Tyres Ltd
Entech Inc.

Recent Developments in the Market:
Ø In October 2022, in an effort to lessen the carbon footprint in the automotive supply chain, Bridgestone intends to complete developing a new technology for recycling tires as early as 2030. In order to identify the most effective technique of recycling, a demonstration facility that processes 20,000 to 30,000 tons of tires will start operations in 2024. By 2030, a complete recycling facility will be constructed.
Ø In March 2023, Scandinavian Enviro Systems and Antin Infrastructure today announced the creation of a joint venture backed by Michelin to construct a plant for recycling tires in Sweden. the capacity of plant will be 34,500 tonnes of recycled tyres, or 40% of the country’s yearly volume of end-of-life tyres
Global Tire Recycling Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Process, End User, Product, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Process:

By End User:
Rubber Products

By Product:
Crumbed Rubber
Tire Derived Fuel
Refurbished commercial vehicle tires

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Tire Recycling Market, by Region, 2020-2030 (USD Billion)
1.2.2. Tire Recycling Market, by Process, 2020-2030 (USD Billion)
1.2.3. Tire Recycling Market, by End User, 2020-2030 (USD Billion)
1.2.4. Tire Recycling Market, by Product, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Tire Recycling Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Tire Recycling Market Dynamics
3.1. Tire Recycling Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growth in the number of automobiles Public and private initiatives for tire recycling
3.1.2. Market Challenges Problems associated with the storage of scrap tires Environmental impact of improper tire disposal
3.1.3. Market Opportunities Surge in environmental pollution Development of regulations and policies to promote tire recycling
Chapter 4. Global Tire Recycling Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Tire Recycling Market, by Process
5.1. Market Snapshot
5.2. Global Tire Recycling Market by Process, Performance – Potential Analysis
5.3. Global Tire Recycling Market Estimates & Forecasts by Process 2020-2030 (USD Billion)
5.4. Tire Recycling Market, Sub Segment Analysis
5.4.1. Pyrolysis
5.4.2. Shredding
5.4.3. Refurbishing
Chapter 6. Global Tire Recycling Market, by End User
6.1. Market Snapshot
6.2. Global Tire Recycling Market by End User, Performance – Potential Analysis
6.3. Global Tire Recycling Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Tire Recycling Market, Sub Segment Analysis
6.4.1. Manufacturing
6.4.2. Construction
6.4.3. Rubber Products
6.4.4. Automotive
6.4.5. Other
Chapter 7. Global Tire Recycling Market, by Product
7.1. Market Snapshot
7.2. Global Tire Recycling Market by Product, Performance – Potential Analysis
7.3. Global Tire Recycling Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
7.4. Tire Recycling Market, Sub Segment Analysis
7.4.1. Crumbed Rubber
7.4.2. Tire Derived Fuel
7.4.3. Refurbished commercial vehicle tires
7.4.4. Other
Chapter 8. Global Tire Recycling Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Tire Recycling Market, Regional Market Snapshot
8.4. North America Tire Recycling Market
8.4.1. U.S. Tire Recycling Market Process breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030 Product breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Tire Recycling Market
8.5. Europe Tire Recycling Market Snapshot
8.5.1. U.K. Tire Recycling Market
8.5.2. Germany Tire Recycling Market
8.5.3. France Tire Recycling Market
8.5.4. Spain Tire Recycling Market
8.5.5. Italy Tire Recycling Market
8.5.6. Rest of Europe Tire Recycling Market
8.6. Asia-Pacific Tire Recycling Market Snapshot
8.6.1. China Tire Recycling Market
8.6.2. India Tire Recycling Market
8.6.3. Japan Tire Recycling Market
8.6.4. Australia Tire Recycling Market
8.6.5. South Korea Tire Recycling Market
8.6.6. Rest of Asia Pacific Tire Recycling Market
8.7. Latin America Tire Recycling Market Snapshot
8.7.1. Brazil Tire Recycling Market
8.7.2. Mexico Tire Recycling Market
8.8. Middle East & Africa Tire Recycling Market
8.8.1. Saudi Arabia Tire Recycling Market
8.8.2. South Africa Tire Recycling Market
8.8.3. Rest of Middle East & Africa Tire Recycling Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Bridgestone Corporation (Bandag LLC) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Continental AG
9.3.3. Liberty Tire Services LLC
9.3.4. Genan Holdings A/S
9.3.5. Champlin Tire Recycling, Inc
9.3.6. Green Distillation Technologies Corporation LTD.
9.3.7. Wastefront AS
9.3.8. Emanuel Tire LLC
9.3.9. Apollo Tyres Ltd
9.3.10. Entech Inc.,
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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