Global Tire Recycling Market Growth (Status and Outlook) 2023-2029

Global Tire Recycling Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Tire Recycling Industry Forecast” looks at past sales and reviews total world Tire Recycling sales in 2022, providing a comprehensive analysis by region and market sector of projected Tire Recycling sales for 2023 through 2029. With Tire Recycling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tire Recycling industry.

This Insight Report provides a comprehensive analysis of the global Tire Recycling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tire Recycling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Tire Recycling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tire Recycling and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tire Recycling.

The global Tire Recycling market size is projected to grow from US$ 4163.8 million in 2022 to US$ 4475.7 million in 2029; it is expected to grow at a CAGR of 1.0% from 2023 to 2029.

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%.

This report presents a comprehensive overview, market shares, and growth opportunities of Tire Recycling market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Tire-Derived Fuel
Crumb Rubber
Others

Segmentation by application
Alternative Fuel for Manufacturing
Construction and Civil Engineering
Consmuer Goods
Sport and Leisure
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Liberty Tire Services
Genan
CRM Rubber
Lakin General
Emanuel Tire
Tire Disposal & Recycling
Entech
Champlin Tire Recycling
L&S Tire
Manhantango Enterprises
Murfitts

Please note: The report will take approximately 2 business days to prepare and deliver.