Product Code: ETC13152512 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Tire Recycling Market was valued at USD 7.5 Billion in 2024 and is expected to reach USD 10.5 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Tire Recycling Market is experiencing significant growth driven by increasing environmental concerns and government regulations promoting sustainable practices. The market is characterized by the recycling of used tires to produce valuable materials such as rubber granules, steel, and fiber, which are then utilized in various industries including automotive, construction, and sports. The key factors driving market growth include the rising demand for recycled rubber in road construction and the automotive industry, as well as the growing awareness about the benefits of tire recycling in reducing landfill waste and conserving natural resources. However, challenges such as high initial investment costs and lack of awareness about recycling technologies in developing regions may hinder market expansion. Overall, the tire recycling market is poised for steady growth as companies focus on developing innovative recycling technologies and expanding their global presence.
The Global Tire Recycling Market is experiencing significant growth due to increasing environmental awareness and stringent regulations regarding tire disposal. A key trend in the market is the shift towards sustainable practices, with companies focusing on developing innovative recycling technologies to efficiently process and reuse scrap tires. There is also a rising demand for recycled rubber products in various industries, driving the market expansion. Opportunities lie in developing advanced recycling methods to address the growing volume of end-of-life tires, as well as expanding market presence in emerging economies where environmental concerns are gaining traction. Collaborations between industry players and government initiatives promoting tire recycling are expected to further propel market growth in the coming years.
The Global Tire Recycling Market faces several challenges, including the high costs associated with recycling tires due to the complexity of the process and the need for advanced technologies. Another challenge is the lack of proper infrastructure and regulations in many regions, leading to improper disposal of tires and hindering the growth of the recycling industry. Additionally, the market also struggles with the limited demand for recycled tire products, as consumers often prefer new tires over recycled ones. Furthermore, the presence of counterfeit recycled tire products in the market poses a challenge in terms of maintaining quality standards and consumer trust. Overall, addressing these challenges will be crucial in realizing the full potential of the Global Tire Recycling Market.
The Global Tire Recycling Market is primarily driven by the increasing environmental concerns regarding tire disposal and the rising adoption of sustainable practices in the automotive industry. Stringent regulations imposed by governments to reduce carbon emissions and promote recycling have also significantly contributed to the market growth. The growing demand for recycled rubber in various applications such as construction, sports surfaces, and manufacturing further propels the market expansion. Additionally, the escalating focus on circular economy principles and the development of advanced technologies for tire recycling, such as pyrolysis and devulcanization, are driving innovation and creating new opportunities in the market. Overall, the shift towards sustainable solutions and the need to address the mounting waste generated by end-of-life tires are key drivers shaping the Global Tire Recycling Market.
Government policies related to the Global Tire Recycling Market vary by country but generally focus on promoting environmentally sustainable practices and reducing waste. Many governments have implemented regulations and incentives to encourage tire recycling, such as imposing tire disposal fees, setting recycling targets, and providing grants or tax credits for recycling facilities. Some countries have also banned the disposal of tires in landfills to promote recycling and reusing materials. Additionally, there are international agreements and initiatives, such as the Basel Convention, that aim to regulate the transboundary movement of waste tires and promote recycling on a global scale. Overall, government policies in the Global Tire Recycling Market aim to address environmental concerns, promote circular economy principles, and create a more sustainable approach to managing tire waste.
The Global Tire Recycling Market is expected to witness significant growth in the coming years due to increasing environmental concerns and the rising demand for sustainable practices. The market is projected to expand as governments worldwide implement stricter regulations on tire disposal and promote recycling initiatives. Additionally, the growing awareness among consumers about the benefits of recycling tires, such as reducing landfill waste and conserving natural resources, is driving the market forward. Technological advancements in tire recycling processes, such as pyrolysis and devulcanization, are also expected to fuel market growth by improving efficiency and producing higher-quality recycled materials. Overall, the Global Tire Recycling Market is poised for substantial development as the industry continues to prioritize sustainability and innovation.
In the global tire recycling market, Asia is expected to witness significant growth due to increasing industrialization and urbanization leading to higher demand for sustainable waste management solutions. North America and Europe are also key regions in the tire recycling market, driven by stringent environmental regulations and growing awareness about the benefits of recycling tires for reducing carbon footprint. In the Middle East and Africa, the market is anticipated to grow as governments focus on sustainable practices and reducing landfill waste. Latin America is also showing promise in tire recycling efforts, with rising initiatives for recycling and reusing tires to minimize environmental impact and promote circular economy practices. Overall, these regional insights suggest a positive outlook for the global tire recycling market as sustainability gains prominence worldwide.
Global Tire Recycling Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Tire Recycling Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Tire Recycling Market Revenues & Volume, 2021 & 2031F |
3.3 Global Tire Recycling Market - Industry Life Cycle |
3.4 Global Tire Recycling Market - Porter's Five Forces |
3.5 Global Tire Recycling Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Tire Recycling Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Tire Recycling Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Tire Recycling Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Tire Recycling Market Trends |
6 Global Tire Recycling Market, 2021 - 2031 |
6.1 Global Tire Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Tire Recycling Market, Revenues & Volume, By Tire-Derived Fuel, 2021 - 2031 |
6.1.3 Global Tire Recycling Market, Revenues & Volume, By Crumb Rubber, 2021 - 2031 |
6.1.4 Global Tire Recycling Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Tire Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Tire Recycling Market, Revenues & Volume, By Alternative Fuel for Manufacturing, 2021 - 2031 |
6.2.3 Global Tire Recycling Market, Revenues & Volume, By Construction and Civil Engineering, 2021 - 2031 |
6.2.4 Global Tire Recycling Market, Revenues & Volume, By Consmuer Goods, 2021 - 2031 |
6.2.5 Global Tire Recycling Market, Revenues & Volume, By Sport and Leisure, 2021 - 2031 |
6.2.6 Global Tire Recycling Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Tire Recycling Market, Overview & Analysis |
7.1 North America Tire Recycling Market Revenues & Volume, 2021 - 2031 |
7.2 North America Tire Recycling Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Tire Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Tire Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Tire Recycling Market, Overview & Analysis |
8.1 Latin America (LATAM) Tire Recycling Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Tire Recycling Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Tire Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Tire Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Tire Recycling Market, Overview & Analysis |
9.1 Asia Tire Recycling Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Tire Recycling Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Tire Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Tire Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Tire Recycling Market, Overview & Analysis |
10.1 Africa Tire Recycling Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Tire Recycling Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Tire Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Tire Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Tire Recycling Market, Overview & Analysis |
11.1 Europe Tire Recycling Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Tire Recycling Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Tire Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Tire Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Tire Recycling Market, Overview & Analysis |
12.1 Middle East Tire Recycling Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Tire Recycling Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Tire Recycling Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Tire Recycling Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Tire Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Tire Recycling Market Key Performance Indicators |
14 Global Tire Recycling Market - Export/Import By Countries Assessment |
15 Global Tire Recycling Market - Opportunity Assessment |
15.1 Global Tire Recycling Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Tire Recycling Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Tire Recycling Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Tire Recycling Market - Competitive Landscape |
16.1 Global Tire Recycling Market Revenue Share, By Companies, 2024 |
16.2 Global Tire Recycling Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |