The global tire recycling market size is anticipated to reach USD 8.46 billion by 2030, growing at a CAGR of 3.71% from 2025 to 2030, according to a new report by Grand View Research, Inc. One of the primary factors fueling the growth of the market is the rising global demand for sustainable materials across industrial and commercial sectors. The industry is a crucial segment of the global circular economy, transforming discarded tires into valuable materials such as recycled rubber, recovered carbon black, and tire-derived fuels. The development of innovative processing techniques, such as pyrolysis and devulcanization, has further expanded the scope of applications for recycled tire materials, enabling their use in high-performance products like asphalt additives, soundproofing materials, and specialty coatings. As governments and corporations intensify their sustainability commitments, the demand for tire-derived materials is expected to grow, positioning the recycling industry as a key contributor to the global transition toward a circular and low-carbon economy.
Get deeper insights, latest developments & key market drivers in the Global Tire Recycling Market
Recent Developments
• In May 2024, The U.S. Tire Manufacturers Association (USTMA) and the Tire Industry Association (TIA) launched the Tire Recycling Foundation to boost tire recycling efforts in the U.S. The goal is to achieve a 100% recycling rate for end-of-life tires by funding research and projects that address gaps in the tire recycling supply chain.
• In February 2024, Michelin partnered with Antin and Enviro in a joint venture to build tire recycling plants across Europe. The first plant, located in Uddevalla, Sweden, is under construction and expected to be operational in 2025. It will recycle approximately 35,000 tons of used tires annually, creating about 40 local green jobs.
Key Tire Recycling Company Insights
The tire recycling market is highly competitive, with several key players dominating the landscape. Major companies include Davis Rubber Company Inc., TIRE DISPOSAL & RECYCLING LLC, Tyre Recycling Solution, Liberty Tire Recycling, Genan Holding A/S, ResourceCo, GRP LTD, and Lehigh Technologies, Inc. The tire recycling market is characterized by a competitive landscape with several key players driving innovation and market growth. Major companies in this sector are investing heavily in research and development to enhance the performance, cost-effectiveness, and sustainability of their types.
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Key questions answered in this report
• How big is the market?
• What is the market growth?
• Which segment accounted for the largest market share?
• Who are the key players in market?
• What are the factors driving the market?