Tire Recycling Market By Process (Mechanical Recycling, Cryogenic Recycling, Chemical Recycling), By End-User Industry (Automotive, Construction & Roadwork, Energy & Power Generation, Sports & Recreation), By Product (Crumb Rubber, Reclaimed Rubber, Tire-Derived Fuel), By Application (Industrial Applications, Civil Engineering, Energy Production, Automotive Applications); Global Insights & Forecast (2024 - 2030)

As per Intent Market Research, the Tire Recycling Market was valued at USD 6.9 Billion in 2024-e and will surpass USD 11.1 Billion by 2030; growing at a CAGR of 8.1% during 2025 - 2030.

The tire recycling market is growing as the demand for sustainable waste management solutions increases globally. The market is driven by the need to reduce environmental impact, manage the growing stockpiles of used tires, and utilize recycled materials in various applications. As the number of vehicles worldwide continues to rise, the amount of waste tires generated is also increasing, making tire recycling an essential industry. Innovative recycling technologies, such as mechanical, cryogenic, and chemical recycling, are helping convert waste tires into valuable materials that can be reused in various sectors, including automotive, construction, and energy production.

Mechanical Recycling Process is Largest Owing to Established Technology and Cost Efficiency

Among the recycling processes, mechanical recycling holds the largest market share. This process involves the physical breakdown of tires into smaller pieces, such as crumb rubber and reclaimed rubber, using machinery that shreds and grinds the tires. Mechanical recycling is widely used due to its well-established technology, cost-effectiveness, and ability to produce valuable products like crumb rubber, which can be used in a range of applications, including sports fields, road construction, and rubberized asphalt.

The simplicity and relatively low operational cost of mechanical recycling make it the preferred choice for many recycling facilities. As the demand for recycled rubber products continues to rise in construction, automotive, and sports industries, mechanical recycling is expected to maintain its dominant position in the market. Additionally, advancements in mechanical recycling technology are improving the efficiency of the process, further supporting its widespread adoption.

Cryogenic Recycling Process is Fastest Growing Due to High-Quality Recycled Products

The cryogenic recycling process is the fastest-growing segment in the tire recycling market. This process involves freezing tires at extremely low temperatures using liquid nitrogen, causing the rubber to become brittle and easy to break into smaller particles. Cryogenic recycling produces high-quality, clean, and fine rubber powders, which are highly valued in applications that require superior material properties, such as in the production of adhesives, sealants, and advanced coatings.

The increasing demand for high-performance recycled materials, particularly in specialized industrial applications, is driving the growth of cryogenic recycling. Although it requires higher initial investment compared to mechanical recycling, the superior quality of the end-products and the ability to recycle tires more thoroughly make cryogenic recycling a promising solution for high-value applications.

Automotive End-User Industry is Largest Owing to High Tire Consumption

The automotive industry is the largest end-user of tire recycling products. As the tire industry grows with increasing vehicle ownership worldwide, there is a significant need for tire recycling to manage waste and reduce environmental impact. Recycled tire products such as crumb rubber and reclaimed rubber are widely used in automotive applications, such as manufacturing new tires, undercarriage parts, and soundproofing materials.

The automotive industry also benefits from using tire-derived fuel (TDF), a byproduct of tire recycling, as an energy source in industrial processes. With global efforts to enhance sustainability, the demand for recycled tire products in the automotive sector is expected to increase, driving the growth of the tire recycling market. The industry’s adoption of recycled materials aligns with the broader trend of incorporating sustainable practices into manufacturing processes.

Crumb Rubber Product is Largest Owing to Versatility and Wide Application

In the product segment, crumb rubber is the largest subsegment. Crumb rubber, produced through mechanical or cryogenic recycling, is a versatile material used in a variety of applications such as rubberized asphalt, sports fields, playgrounds, and construction materials. The growing demand for eco-friendly alternatives in construction and infrastructure development is driving the use of crumb rubber in applications like road paving, where it is mixed with asphalt to create durable, skid-resistant surfaces.

Additionally, crumb rubber is increasingly used in the production of synthetic turf for sports fields, as it enhances the performance of the surface while providing a sustainable solution for recycling waste tires. As awareness of the environmental impact of tire waste continues to grow, the use of crumb rubber in various applications is expected to expand, supporting the growth of the tire recycling market.

Industrial Applications is Largest Application Due to Demand for Recycled Materials in Manufacturing

Among applications, industrial applications represent the largest subsegment. Recycled tire products such as crumb rubber and reclaimed rubber are widely used in manufacturing industries to create new products, such as rubber mats, flooring, and automotive parts. The increasing demand for recycled materials in industrial manufacturing processes, driven by sustainability goals and regulatory pressures, is a key factor supporting the growth of the industrial applications segment.

Recycled tire products are also used in the production of non-automotive rubber goods, including seals, gaskets, and insulation materials. As industries continue to adopt circular economy principles, the use of tire-derived materials in manufacturing processes will continue to grow, further driving the demand for tire recycling services.

Construction & Roadwork End-User Industry is Fastest Growing Due to Sustainable Infrastructure Development

The construction and roadwork industry is the fastest-growing end-user of tire recycling products. With increasing infrastructure development and the need for sustainable construction materials, recycled tire products such as crumb rubber are being used in the production of rubberized asphalt for road paving, improving the durability and performance of road surfaces.

The growing focus on eco-friendly construction materials and practices is driving the adoption of recycled tire products in roadwork projects. Tire-derived products are also being used in other construction applications, such as noise barriers, drainage systems, and landscaping materials. As governments and construction firms increasingly focus on sustainability, the construction and roadwork industry will continue to be a key driver of growth in the tire recycling market.

Asia-Pacific Region is Largest Market Owing to High Tire Consumption and Recycling Demand

The Asia-Pacific (APAC) region dominates the global tire recycling market, driven by high tire consumption, rapid industrialization, and the increasing need for sustainable waste management solutions. Countries such as China, India, and Japan are major contributors to the demand for tire recycling services due to their large automotive sectors and growing infrastructure projects.

APAC’s dominance in tire recycling is also supported by the availability of low-cost labor, large-scale recycling facilities, and government incentives aimed at promoting recycling initiatives. As the region continues to urbanize and invest in infrastructure development, the demand for tire recycling products, particularly crumb rubber and TDF, is expected to increase, further strengthening the region's position in the global market.

Competitive Landscape

The tire recycling market is highly competitive, with a mix of global and regional players offering mechanical, cryogenic, and chemical recycling solutions. Key companies in the market include Michelin, Liberty Tire Recycling, Bridgestone, and Genan. These companies are focusing on technological innovations, such as improved recycling methods and the development of new applications for recycled tire products.

The competitive landscape is also characterized by collaborations and partnerships between tire manufacturers, recycling companies, and research institutions aimed at developing more efficient recycling technologies and expanding the use of recycled tire materials. As sustainability regulations become stricter globally, companies in the tire recycling market are increasingly investing in advanced technologies to enhance the quality and value of recycled products while addressing environmental concerns.

List of Leading Companies:

• Liberty Tire Recycling
• Michelin
• Tire Disposal & Recycling Inc.
• Lehigh Technologies
• RubberForm Recycled Products LLC
• ECO Green Equipment
• Green Rubber Global
• Bolder Industries
• Genan
• Entech Inc.
• Tire Recycling Solutions
• Reliance Tire Recycling
• Scorpio Group
• Kraton Polymers
• American Tire Recyclers

Recent Developments:

• Liberty Tire Recycling expanded its operations in the Midwest U.S. with a new tire recycling plant to meet growing demand in January 2025.
• Michelin launched an innovative process to recycle used tires into high-quality materials for automotive manufacturing in December 2024.
• Lehigh Technologies partnered with a global tire manufacturer to supply reclaimed rubber for tire production in November 2024.
• Genan opened a new tire recycling facility in Germany to increase its production capacity of crumb rubber in October 2024.
• ECO Green Equipment unveiled a new tire recycling machine designed for efficient shredding and processing of used tires in September 2024.

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