Tire Recycling Market Opportunity Analysis and Industry Forecast 2031

The tire recycling market size was valued at $5.12 billion in 2021, and is estimated to reach $7.32 billion by 2031, growing at a CAGR of 3.5% from 2022 to 2031.

Tire recycling is a process of converting old tires in to useful products, such as fuel, rubber mulch, floorings and others. Commonly observed processes of tire recycling include pyrolysis and shredding. Among these, the shredding segment accounted for the largest tire recycling market share in 2021, owing to the high demand for fuel from manufacturing industry.

The report also highlights the qualitative aspects in the study. Additionally, the unit takes in the key findings, in terms of market overview and investment prospects. The market report also involves the competitive landscape containing the profiles of top ten major players in the industry. The frontrunners have been thoroughly assessed based on their revenue size, service/product portfolio, regional presence, key plans & policies, and overall contribution to the growth of the market.

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Major Key Players of the Tire recycling Market are:

Key companies profiled in the tire recycling market forecast report include ApChemi, Big Atom Limited, Bridgestone Corporation, Champlin Tire Recycling, Continental AG, Emanuel Tire Co., Entech Inc., Genan Holding A/S, Green buddies, Green Distillation Technologies Corporation LTD, L&S Tire Co., Liberty Tire Services LLC, Pyrum Innovations AG, Recycled Rubber Products LLC, Tire Disposal & Recycling Inc., Tire Recycling Solutions AS and Wastefront.

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The pyrolysis technology has significantly increased the energy yield from the tire recycling process. Moreover, manufacturers are employing new rubber manufacturing and processing technology to strengthen the rubber, to make it usable in high impact objects such as railway ties, vehicle impact barriers, vehicle bumpers and others.

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The global Tire recycling report offers quantitative and qualitative analysis of the market from 2021 to 2026. The qualitative study emphasizes on the value chain analysis, pain point analysis, and key regulations.
• Value chain analysis: AMR offers a complete analysis of all the stages along with the key stakeholders functioning in every stage with their strategic decisions on board.
• Key regulations: Allied Market Research provides key regulations and standards for the Tire recycling Market. The section also presents some of the regulatory documents of the product type.
• Pain point analysis: The report also offers insights on the key challenges faced by the stakeholders in the industry. The strategic decisions adopted by the market players to maintain their foothold in the market are also discussed through the report.

COVID-19 Impact Analysis on the global Tire recycling:

The outbreak of the pandemic has had a huge impact across the globe, which impeded the socio-economic development. Therefore, the Tire recycling Market report doles out a micro- and macro-economic assessment of the industry throughout the pandemic. The study further provides a qualitative breakdown of the impact of Covid-19 on the market.

Key Market Segments -

By Process
Pyrolysis
Shredding
By Product
Tire Derived Fuel
Crumbed Rubber

By Application
Manufacturing
Construction
Rubber Products
Others

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The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

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