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 vehicl

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


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:
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.

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:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Process, End User, Product, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

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:
Pyrolysis
Shredding
Refurbishing

By End User:
Manufacturing
Construction
Rubber Products
Automotive
Other

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

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

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

Companies Mentioned
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.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.


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
3.1.1.1. Growth in the number of automobiles
3.1.1.2. Public and private initiatives for tire recycling
3.1.2. Market Challenges
3.1.2.1. Problems associated with the storage of scrap tires
3.1.2.2. Environmental impact of improper tire disposal
3.1.3. Market Opportunities
3.1.3.1. Surge in environmental pollution
3.1.3.2. 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
8.4.1.1. Process breakdown estimates & forecasts, 2020-2030
8.4.1.2. End User breakdown estimates & forecasts, 2020-2030
8.4.1.3. 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)
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. 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
List of Tables
TABLE 1. Global Tire Recycling Market, report scope
TABLE 2. Global Tire Recycling Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Tire Recycling Market estimates & forecasts by Process 2020-2030 (USD Billion)
TABLE 4. Global Tire Recycling Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 5. Global Tire Recycling Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 6. Global Tire Recycling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Tire Recycling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Tire Recycling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Tire Recycling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Tire Recycling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Tire Recycling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Tire Recycling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Tire Recycling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Tire Recycling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Tire Recycling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Tire Recycling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Tire Recycling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Tire Recycling Market
TABLE 71. List of primary sources, used in the study of global Tire Recycling Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
FIGURE 1. Global Tire Recycling Market, research methodology
FIGURE 2. Global Tire Recycling Market, Market estimation techniques
FIGURE 3. Global Market size estimates & forecast methods
FIGURE 4. Global Tire Recycling Market, key trends 2022
FIGURE 5. Global Tire Recycling Market, growth prospects 2023-2030
FIGURE 6. Global Tire Recycling Market, porters 5 force model
FIGURE 7. Global Tire Recycling Market, pest analysis
FIGURE 8. Global Tire Recycling Market, value chain analysis
FIGURE 9. Global Tire Recycling Market by segment, 2020 & 2030 (USD Billion)
FIGURE 10. Global Tire Recycling Market by segment, 2020 & 2030 (USD Billion)
FIGURE 11. Global Tire Recycling Market by segment, 2020 & 2030 (USD Billion)
FIGURE 12. Global Tire Recycling Market by segment, 2020 & 2030 (USD Billion)
FIGURE 13. Global Tire Recycling Market by segment, 2020 & 2030 (USD Billion)
FIGURE 14. Global Tire Recycling Market, regional snapshot 2020 & 2030
FIGURE 15. North America Tire Recycling Market 2020 & 2030 (USD Billion)
FIGURE 16. Europe Tire Recycling Market 2020 & 2030 (USD Billion)
FIGURE 17. Asia pacific Tire Recycling Market 2020 & 2030 (USD Billion)
FIGURE 18. Latin America Tire Recycling Market 2020 & 2030 (USD Billion)
FIGURE 19. Middle East & Africa Tire Recycling Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

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