Press release
Tire Recycling Market to Hit USD 9,511.02 Million by 2034, Expanding at a 5.6% CAGR
The tire recycling market size was valued at USD 5,536.48 million in 2024. It is projected to grow to USD 9,511.02 million by 2034, exhibiting a compound annual growth rate of 5.6% from 2025 to 2034.
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:
Tire recycling is the procedure of transforming end-of-life tires that cannot be utilized anymore because of destruction or abrasion into reusable substances. Tires have restricted longevity as they endure destruction through regular usage. Trampling depth reduces through usual abrasion and tires become dangerous with trampling depths of less than 1.6 cm.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/tire-recycling-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
โข Several reasons have contributed to the expansion of the tire recycling market in recent years. Among these is the growing aggregate of recycled rubbers covering many industries. Industries such as automotive, construction, and manufacturing are diligently looking for green alternatives.
โข The market size will expand due to technological progressions such as pyrolysis and cryogenic grinding are enhancing productivity and sanctioning the removal of treasured substances such as carbon black, steel, and oil from used tires. There is a reduction in energy intake, and ecological influence is minimized.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Here is the list of the leading companies operating in the market:
โข Klean Industries
โข Rueda Verde
โข Genan
โข Lehigh Technologies (A Michelin Group Company)
โข Neoland SAS
โข Duramos S.A.S.
โข Liberty Tire Recycling
โข EcotireGreen
โข Ecolomondo Corporation
โข Drummond Company, Inc.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/tire-recycling-market/inquire-before-buying
๐๐ข๐ซ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โข On-the-road tire recycling gained market share in 2024, driven by increased tire waste, technology advancements, rising demand for recycled rubber, regulations, and government incentives promoting sustainability.
โข Pyrolysis is driving tire recycling market growth due to its eco-friendly, efficient conversion of tires into valuable by-products, improved technology, and rising demand for recycled materials across industries.
โข North America led the market in 2024, driven by environmental regulations, rising tire waste, sustainable disposal methods, recycling tech advancements, and increasing demand for recycled rubber products.
๐๐๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐๐๐ฅ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/tire-recycling-market/analysis-type
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The tire recycling market analysis is based on tire types, recycling methods, applications, and regions. Based on type analysis, in 2024, the on-the-road tire recycling segment witnessed the fastest growth. The market is growing due to the progression in recycling technology, enhanced gathering systems, and escalating directives motivating sustainable practices.
Moreover, according to recycling methods, pyrolysis holds a significant revenue share. It has the capacity to productively transform tires into treasured by-products such as oil, gas, and carbon black. This procedure provides an eco-friendly option to conventional tire disposal methods, decreasing ash heap waste and carbon discharge. The technology is progressing with enhancements in productivity and economy.
Tire Recycling Market, Tire Types Outlook (Revenue - USD Million, 2021-2034)
โข Off-the-Road (OTR) Tires Recycling
โข On The Road Tires Recycling
โข Aircraft Tire Recycling
o Airplanes
o Helicopters
o Others
Tire Recycling Market, Applications Outlook (Revenue - USD Million, 2021-2034)
โข Energy Generation
โข Consumer Goods
โข Manufacturing and Industrial Uses
โข Civil Engineering and Infrastructure
Tire Recycling Market, Recycling Methods Outlook (Revenue - USD Million, 2021-2034)
โข Shredding & Grinding
โข Pyrolysis
โข Retreading
โข Others
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:.
Thermal Barrier Coatings Market:
https://www.polarismarketresearch.com/industry-analysis/thermal-barrier-coatings-tbc-market
Food Container Market:
https://www.polarismarketresearch.com/industry-analysis/food-container-market
Collagen Peptides Market:
https://www.polarismarketresearch.com/industry-analysis/collagen-peptides-market
Wire & Cable Compounds Market:
https://www.polarismarketresearch.com/industry-analysis/wire-and-cable-compound-market
Hydrogen Fluoride Gas Detection Market:
https://www.polarismarketresearch.com/industry-analysis/hydrogen-fluoride-gas-detection-market
๐๐จ๐ง๐ญ๐๐๐ญ:
Likhil G
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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