2024 Market Report by Kings Research "Tire Recycling Market Size, Share and Ranking, Overall Sales and Demand Forecast 2024-2031" provides an extensive examination of Tire Recycling market attributes, size assessments, and growth projections through segmentation, regional analyses, and country-specific insights, alongside a scrutiny of the competitive landscape, player market shares, and essential business strategies.
Market Definition:
The market encompasses the collection, processing, and repurposing of end-of-life tires into reusable materials such as rubber, steel, and fibers. This industry plays a pivotal role in diverting waste tires from landfills, thereby mitigating environmental hazards and promoting sustainable waste management practices.
Tire Recycling Market Size was valued at USD 5,982.2 million in 2023 and is projected to grow from USD 6,226.8 million in 2024 to USD 8,524.8 million by 2031, exhibiting a CAGR of 4.59% during the forecast period. The market is experiencing steady growth, driven by increasing environmental concerns and stringent waste management regulations.
Unlock In-Depth Market Data @ https://www.kingsresearch.com/tire-recycling-market-1965
Market Dynamics and Growth Drivers
The tire recycling industry is experiencing a paradigm shift, driven by the global emphasis on sustainability and circular economy principles. Key factors propelling this market include
Environmental Regulations: Governments worldwide are implementing stringent waste management policies, compelling tire manufacturers and recyclers to adopt sustainable disposal and recycling practices. Regulatory frameworks, such as the European Union’s Waste Directive and extended producer responsibility (EPR) programs, mandate responsible end-of-life tire management, pushing companies toward closed-loop recycling solutions.
List of Key Companies in Tire Recycling Market:
Liberty Tire Recycling: Announced an expansion of its processing capacity in North America to meet the growing demand for recycled rubber in infrastructure projects.
Lehigh Technologies: Specializes in producing micronized rubber powders from end-of-life tires, facilitating their use in various industries.
Michelin Group S.A., Continental AG, Bridgestone Corporation, Apollo Tyres Ltd., and Genan Holdings A/S are also key players contributing to the market's growth through technological innovations and strategic partnerships.
Recent Developments (M&A/Partnerships/Agreements/New Product Launch)
In March 2025, Klean Industries and Viva Energy launched a tire recycling project at the Geelong Refinery in Victoria, Australia. This collaboration aims to process up to 80,000 tonnes of end-of-life tires annually, transforming them into valuable resources such as biogenic pyrolysis oil and recovered carbon black.
Future Outlook
The tire recycling market is poised for continued growth, driven by environmental imperatives, technological advancements, and the increasing adoption of sustainable practices across industries. As regulatory frameworks become more stringent and industries seek eco-friendly alternatives, the demand for recycled tire products is expected to rise, offering lucrative opportunities for market participants.
Contact us:
Kings Research
Website: https://www.kingsresearch.com
E-mail: [email protected]
Phone: (+1) 888 328 2189
Market Definition:
The market encompasses the collection, processing, and repurposing of end-of-life tires into reusable materials such as rubber, steel, and fibers. This industry plays a pivotal role in diverting waste tires from landfills, thereby mitigating environmental hazards and promoting sustainable waste management practices.
Tire Recycling Market Size was valued at USD 5,982.2 million in 2023 and is projected to grow from USD 6,226.8 million in 2024 to USD 8,524.8 million by 2031, exhibiting a CAGR of 4.59% during the forecast period. The market is experiencing steady growth, driven by increasing environmental concerns and stringent waste management regulations.
Unlock In-Depth Market Data @ https://www.kingsresearch.com/tire-recycling-market-1965
Market Dynamics and Growth Drivers
The tire recycling industry is experiencing a paradigm shift, driven by the global emphasis on sustainability and circular economy principles. Key factors propelling this market include
Environmental Regulations: Governments worldwide are implementing stringent waste management policies, compelling tire manufacturers and recyclers to adopt sustainable disposal and recycling practices. Regulatory frameworks, such as the European Union’s Waste Directive and extended producer responsibility (EPR) programs, mandate responsible end-of-life tire management, pushing companies toward closed-loop recycling solutions.
List of Key Companies in Tire Recycling Market:
- Liberty Tire Recycling
- Emanuel Tire
- GENAN HOLDING A/S
- Entech Inc.
- LakinTire.com
- Continental AG
- Bridgestone
- Lehigh Technologies
- Green Distillation Technologies
- Michelin
- Contec
- APOLLO TYRES LTD
- ResourceCo
- GRP LTD
- BDS Tire Recycling
Liberty Tire Recycling: Announced an expansion of its processing capacity in North America to meet the growing demand for recycled rubber in infrastructure projects.
Lehigh Technologies: Specializes in producing micronized rubber powders from end-of-life tires, facilitating their use in various industries.
Michelin Group S.A., Continental AG, Bridgestone Corporation, Apollo Tyres Ltd., and Genan Holdings A/S are also key players contributing to the market's growth through technological innovations and strategic partnerships.
Recent Developments (M&A/Partnerships/Agreements/New Product Launch)
In March 2025, Klean Industries and Viva Energy launched a tire recycling project at the Geelong Refinery in Victoria, Australia. This collaboration aims to process up to 80,000 tonnes of end-of-life tires annually, transforming them into valuable resources such as biogenic pyrolysis oil and recovered carbon black.
Future Outlook
The tire recycling market is poised for continued growth, driven by environmental imperatives, technological advancements, and the increasing adoption of sustainable practices across industries. As regulatory frameworks become more stringent and industries seek eco-friendly alternatives, the demand for recycled tire products is expected to rise, offering lucrative opportunities for market participants.
Contact us:
Kings Research
Website: https://www.kingsresearch.com
E-mail: [email protected]
Phone: (+1) 888 328 2189
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