The Colombia tire recycling market size is expected to reach USD 154.12 million by 2034, according to a new study by Polaris Market Research. The report “Colombia Tire Recycling Market Size, Share, Trends, Industry Analysis Report: By Tire Types [Off-The-Road (OTR) Tires Recycling, On The Road Tires Recycling, and Aircraft Tire Recycling], Recycling Methods, and Applications – Market Forecast 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Tire recycling is the process of converting end-of-life tires into reusable materials, such as rubber, steel, or fuel, to promote sustainability and reduce waste. The demand for tire recycling is increasing due to increasing environmental concerns and the global push for sustainable practices. Governments and corporations are actively promoting circular economy initiatives, emphasizing the reuse of materials to reduce waste and conserve resources. In Colombia, stringent environmental regulations, such as compliance with Resolution 1326 of 2017, play a critical role in driving proper tire disposal and recycling. These regulations, coupled with extended producer responsibility (EPR), are ensuring that manufacturers and distributors participate in recycling programs, creating a strong foundation for the Colombia tire recycling market growth.
Technological advancements are further boosting the Colombia tire recycling market expansion by improving efficiency and reducing dependency on raw materials. Innovations such as devulcanization technology, which reverses the vulcanization of rubber, enable the reuse of recycled rubber in the production of new tires and other products. This reduces the demand for virgin rubber and also lowers production costs, making recycling an attractive option for industries. Consequently, the implementation of such technologies is expected to drive long-term growth in the market.
There is a growing need for improved infrastructure to streamline tire collection and recycling processes. Additionally, industrial sectors, such as construction and asphalt production, are increasingly using recycled tire materials due to their cost-effectiveness and environmental benefits. Although substitutes such as virgin rubber and synthetic materials exist, their high costs and limited availability prompt industrial manufacturers to prefer recycled materials. Concurrently, these factors emphasize the growing importance of tire recycling in fostering a sustainable, resource-efficient economy.
Colombia Tire Recycling Market Report Highlights
By tire types, the on the road tires recycling segment dominated the Colombia tire recycling market in 2024, driven by programs like “Llantatón” promoting sustainability through tire collection, resource efficiency, and transitioning to a circular economy.
Based on recycling methods, the pyrolysis segment is projected to grow rapidly due to its eco-friendly waste tire conversion into valuable byproducts, supported by government initiatives and private investments in sustainable solutions.
A few global key market players include Ruedaverde, Liberty Tire Recycling, Neoland SAS, Duramos, EcoTireGreen, Genan, Drummond Ltd., Lehigh Technologies (A Michelin Group Company), and Ecolomondo Corporation.
Polaris Market Research has segmented the Colombia tire recycling market report on the basis of tire types, recycling methods, and applications:
By Tire Types Outlook (Revenue, USD Million, 2020–2034)
Off-the-Road (OTR) Tires Recycling
On the Road Tires Recycling
Aircraft Tire Recycling
- Airplanes
- Helicopters
- Others
Shredding & Grinding
Pyrolysis
Retreading
Others
By Applications Outlook (Revenue, USD Million, 2020–2034)
Energy Generation
Consumer Goods
Manufacturing and Industrial Uses
Civil Engineering and Infrastructure
- Chapter 1. Introduction
- 1.1 Report Description
- 1.1.1 Objective of the Study
- 1.1.2 Market Scope
- 1.1.3 Assumptions
- 1.2 Stakeholders
- Chapter 2. Research Methodology
- 2.1 Research Methodology
- 2.2 Research Scope and Assumptions
- 2.3 Information Procurement
- 2.3.1 Purchased Database
- 2.3.2 Internal Database
- 2.3.3 Secondary Sources
- 2.3.4 Third Party Perspective
- 2.3.5 Primary Research
- 2.4 Information Analysis
- 2.4.1 Data Analysis Models
- 2.5 Market Formulation and Data Visualization
- 2.6 Data Validation and Publishing (Secondary Sources)
- Chapter 3. Executive Summary
- Chapter 4. Market Insights
- 4.1 Colombia Tire Recycling – Industry snapshot
- 4.1.1 Colombia Tire Recycling Market Dynamics
- 4.1.2 Drivers and Opportunities
- 4.1.2.1 Expansion of Automotive Industry
- 4.1.2.2 Growing Focus on Sustainable Economic Activities
- 4.1.3 Restraints and Challenges
- 4.1.3.1 Limited Infrastructure and Technology
- 4.1.4 Colombia Tire Recycling Market Industry Trends
- 4.2 Colombia Tire Recycling Market - Value Chain Analysis
- 4.3 Colombia Tire Recycling Market – Porter’s Five Forces
- 4.3.1 Threat of Substitutes: (Moderate)
- 4.3.2 Threat of New Entrants: (Moderate)
- 4.3.3 Bargaining Power of Buyers: (Moderate to High)
- 4.3.4 Bargaining Power of Suppliers: (Low to Moderate)
- 4.3.5 Competitive Rivalry: (High)
- 4.4 Colombia Tire Recycling Market – PESTLE Analysis
- Chapter 5. Colombia Tire Recycling Market Assessment By Tire Types
- 5.1 Introduction
- 5.2 Off-the-Road (OTR) Tires Recycling
- 5.3 On the Road Tires Recycling
- 5.4 Aircraft Tire Recycling
- 5.4.1 Airplanes
- 5.4.2 Helicopters
- 5.4.3 Others
- Chapter 6. Colombia Tire Recycling Market Assessment by Recycling Methods
- 6.1 Introduction
- 6.2 Shredding & Grinding
- 6.3 Pyrolysis
- 6.4 Retreading
- 6.5 Others
- Chapter 7. Colombia Tire Recycling Market Assessment by Applications
- 7.1 Introduction
- 7.2 Civil Engineering and Infrastructure
- 7.3 Energy Generation
- 7.4 Consumer Goods
- 7.5 Manufacturing and Industrial Uses
- Chapter 8. Competitive Landscape
- 8.1 Strategy Framework
- 8.2 Vendor Landscape
- 8.3 Recent Development
- Chapter 9. Company Profiles
- 9.1 Rueda Verde
- 9.1.1 Business Overview
- 9.1.2 Service Benchmarking
- 9.2 Genan
- 9.2.1 Business Overview
- 9.2.2 Financial Snapshot
- 9.2.2.1 Revenue by Market Segment
- 9.2.3 Service Benchmarking
- 9.3 Lehigh Technologies (A Michelin Group Company)
- 9.3.1 Business Overview
- 9.3.2 Service Benchmarking
- 9.4 Neoland SAS
- 9.4.1 Business Overview
- 9.4.2 Service Benchmarking
- 9.5 Duramos SAS
- 9.5.1 Business Overview
- 9.5.2 Service Benchmarking
- 9.6 Liberty Tire Recycling
- 9.6.1 Business Overview
- 9.6.2 Service Benchmarking
- 9.6.3 Recent Developments
- 9.7 EcoTireGreen
- 9.7.1 Business Overview
- 9.7.2 Service Benchmarking
- 9.8 Ecolomondo Corporation
- 9.8.1 Business Overview
- 9.8.2 Financial Snapshot
- 9.8.3 Service Benchmarking
- 9.9 Drummond Company, Inc
- 9.9.1 Business Overview
- 9.9.2 Service Benchmarking
- 9.9.3 Recent Developments
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