Global Tire Recycling Market 2025 by Company, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Tire Recycling market size was valued at US$ 4790 million in 2024 and is forecast to a readjusted size of USD 6798 million by 2031 with a CAGR of 4.9% during review period.

Tire recycling is the process of converting end-of-life or unwanted old tires into material that can be utilized in new products. End-of-life tires typically become candidates for recycling when they become no longer functional due to wear or damage, and can no longer be re-treaded or re-grooved. Tire recycling can also create new, beneficial products. Tire-derived fuel (TDF) is an example which is produced by subject scrap tires to high-temperature pyrolysis. This is reputed to be more energy-efficient than normal fuel. It also releases minimal emissions. Other useful products created from recycled tires are playground turf, railroad ties, and rubberized asphalt. This process can also help in preventing the spread of diseases. Discarded old tires can provide a nesting place for rodents and mosquitoes. By recycling old tires, those pests can be eliminated. Consequently, diseases brought about by said animals can be prevented.

Global key players of tire recycling include Liberty Tire Services, Genan, CRM Rubber, etc. Asia-Pacific is the largest producer of bottle nipples, holds a share about 30%, followed by North America, and Europe. In terms of product, crumb rubber is the largest segment, with a share over 60%. And in terms of application, the largest segment is construction and civil engineering, with a share about 35%.

The tire recycling market has seen consistent growth, largely fueled by rising environmental concerns and improvements in recycling technologies. As tire consumption continues to rise globally, the need for effective waste management solutions becomes more urgent. This shift is driven by heightened environmental awareness among consumers and governments, with a focus on reducing tire waste and promoting sustainability. Technological advancements have further enhanced the efficiency and profitability of tire recycling, making it a more attractive option for businesses. Recycled tire materials are also finding expanding applications in industries such as construction, road infrastructure, and energy generation, adding to the market’s momentum.

Despite these positive trends, the market faces notable challenges. Tire recycling is capital-intensive, requiring significant investments in specialized machinery and infrastructure. Additionally, market demand for recycled products can fluctuate based on economic conditions, and recycled materials often face competition from virgin rubber and synthetic alternatives. There are also technological limitations in some recycling processes that restrict the types of tires they can process or the quality of the final recycled products.

Opportunities, however, continue to emerge. Ongoing research and development efforts are leading to new applications for recycled tire materials, ranging from sports equipment to automotive components. Further technological advancements could reduce costs and enhance recycling efficiency, while government incentives like tax breaks or subsidies are playing a role in encouraging recycling efforts. As public awareness of the environmental benefits of tire recycling grows, demand for recycled products is likely to follow.

Regionally, Asia, Europe, and North America dominate the tire recycling landscape. In Asia, especially in countries like China and India, the growing automotive industries generate large volumes of tire waste, positioning the region as a major market. Europe, with its strict recycling regulations and advanced technologies, has also seen significant progress. In North America, the focus remains on sustainability and resource conservation.

Looking ahead, the global tire recycling market is poised for continued growth, driven by environmental imperatives, technological innovation, and the expansion of recycled materials into new industries. While challenges like high costs and competition exist, the opportunities for market players to contribute to a more sustainable, circular economy are vast.

This report is a detailed and comprehensive analysis for global Tire Recycling market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Tire Recycling market size and forecasts, in consumption value ($ Million), 2020-2031

Global Tire Recycling market size and forecasts by region and country, in consumption value ($ Million), 2020-2031

Global Tire Recycling market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031

Global Tire Recycling market shares of main players, in revenue ($ Million), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Tire Recycling

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Tire Recycling market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Liberty Tire Services, Genan, CRM Rubber, Lakin General, Emanuel Tire, Tire Disposal & Recycling, Entech, Champlin Tire Recycling, L&S Tire, Manhantango Enterprises, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

Tire Recycling market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Tire-Derived Fuel
Crumb Rubber
Others

Market segment by Application
Alternative Fuel for Manufacturing
Construction and Civil Engineering
Consmuer Goods
Sport and Leisure
Others

Market segment by players, this report covers
Liberty Tire Services
Genan
CRM Rubber
Lakin General
Emanuel Tire
Tire Disposal & Recycling
Entech
Champlin Tire Recycling
L&S Tire
Manhantango Enterprises
Murfitts
Shimooka Tire
Seino Material
KKB Tire
Contec S.A.

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Tire Recycling product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Tire Recycling, with revenue, gross margin, and global market share of Tire Recycling from 2020 to 2025.

Chapter 3, the Tire Recycling competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Tire Recycling market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Tire Recycling.

Chapter 13, to describe Tire Recycling research findings and conclusion.