Press release
Tire Recycling Market to See Booming Growth, Trends and Outlook Analysis by 2025-2032
Tire Recycling Market
Market Size and Overview :
The Global Tire Recycling Market size is estimated to be valued at USD 8.7 billion in 2025 and is expected to reach USD 15.4 billion by 2032, exhibiting a compound annual growth rate (CAGR) of approximately 8.2% from 2025 to 2032. This market growth is underpinned by expanding end-use applications such as crumb rubber for infrastructure and energy generation, coupled with rising global tire disposal volumes. The tire recycling market report highlights strong adoption in developed economies and emerging interest from developing regions driven by enhanced environmental regulations.
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Key Takeaways :
Dominating Region: North America holds the highest industry share in the tire recycling market in 2025, accounting for nearly 35% of the global market revenue. This dominance is owed to stringent government policies in the U.S. and Canada encouraging tire reuse, as evidenced by EPA reports indicating a 20% year-over-year increase in recycled tire volumes in 2024.
Fastest Growing Region: Asia Pacific leads the market growth rate, with a CAGR exceeding 9% in 2025, driven by rapid urbanization and a surge in automotive manufacturing in China and India. Government incentives in China supporting circular economy initiatives accelerated tire recycling enterprises by 25% in 2024.
Segment Coverage:
By Product Type: Crumb rubber, steel wire, and textile fiber. Crumb rubber remains the dominating sub-segment constituting 60% of the 2025 industry size, with increased applications in asphalt modification reported in Europe's 2024 infrastructure projects. The steel wire segment is the fastest-growing sub-segment, expanding at a CAGR of 10% supported by technological advances in steel reclamation.
By Application: Construction materials, energy recovery, rubber products manufacturing. Construction materials hold dominance with over 40% market share by usage, highlighted in recent U.S. highway projects in 2024 utilizing recycled rubber. Energy recovery is the fastest-growing sub-segment due to heightened adoption of tire-derived fuel in power plants in Japan.
By Process: Ambient grinding, cryogenic grinding, and pyrolysis. Ambient grinding dominates the process segment at 55% market share due to cost efficiency, whereas pyrolysis is the fastest-growing sub-segment gaining traction for oil recovery purposes, with pilot plants in Europe increasing output by 18% during 2024.
Growth Factors :
Several market drivers underpin the tire recycling market growth including:
Rising demand for sustainable construction materials, with crumb rubber asphalt penetration predicted to increase by 30% in North America by 2025.
Government mandates on circular economy policies, such as the European Green Deal, promoting eco-friendly tire disposal and supporting investments in recycling infrastructure during 2024-2025.
Market Trends :
Key industry trends shaping the tire recycling market include:
Integration of advanced pyrolysis technologies enabling higher quality oil and carbon black recovery, with commercial plants scaling operations by 22% in 2024.
Development of hybrid recycling processes combining cryogenic and ambient grinding techniques, improving material output quality, as seen in pilot projects in South Korea.
Digitalization of supply chain and tire tracking for optimized collection and recycling efficiency, driven by blockchain implementations in European markets in 2025.
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Actionable Insights :
Pricing Dynamics: Average crumb rubber prices increased by 7% in 2024 due to higher demand for roadway applications; meanwhile, tire-derived fuel pricing stabilized amid shifting energy markets.
Export Trends: Exports of recycled tire materials from Europe to Asia surged by 12% in 2024, enabling broader supply chain efficiencies.
Use Cases Across Industries: Construction and energy sectors dominate demand, with tire recycled products increasingly replacing virgin materials, driving market revenue upwards.
Micro and nano-level indicators reveal increasing investments in small-scale pyrolysis and ambient grinding units across emerging markets, highlighting decentralized industry growth strategies.
Key Players :
Leading market companies in the tire recycling industry include:
Genan A/S
Liberty Tire Recycling
Klean Industries
Green Distillation Technologies
Lehigh Technologies
Rubber Recycling, LLC
Pyrolyx AG
Eco Green Equipment
Carlisle Companies Incorporated
Blast Enterprises
Genan GmbH
Newater Technologies
Continental Tire Recycling
Shred-Tech
Granutech-Saturn Systems
Synova SA
Clean Granulates
Wolverine Advanced Materials
Competitive strategies emphasize quality differentiation, geographic expansion, and technology innovation. For instance, Genan A/S invested USD 50 million in 2024 to expand pyrolysis capacity resulting in a 30% production increase. Liberty Tire Recycling's collaboration with automotive OEMs enhanced supply chain integration in North America, boosting their industry share in 2025. Additionally, Klean Industries' launch of modular recycling plants improved market entry flexibility for emerging markets, evidencing strategic diversification.
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FAQs :
1. Who are the dominant players in the Tire Recycling Market?
Dominant market players include Genan A/S, Liberty Tire Recycling, and Klean Industries, noted for their technological innovation and expansive production capacities contributing to significant market share in 2025.
2. What will be the size of the Tire Recycling Market in the coming years?
The tire recycling market size is projected to rise from USD 8.7 billion in 2025 to USD 15.4 billion by 2032, growing at a CAGR of 8.2%, driven by enhanced demand in construction and energy recovery sectors.
3. Which end-user industry has the largest growth opportunity?
The construction materials sector presents the largest growth opportunity, capturing over 40% usage share in 2025, with crumb rubber asphalt gaining traction in infrastructure development globally.
4. How will market development trends evolve over the next five years?
Market trends will likely emphasize advanced pyrolysis adoption, hybrid grinding technologies, and increased digitalization of recycling supply chains, facilitating quality improvements and operational transparency.
5. What is the nature of the competitive landscape and challenges in the Tire Recycling Market?
The competitive landscape is dominated by firms focusing on capacity expansion and technological innovation, while the industry faces challenges including regulatory compliance costs and variability in feedstock quality impacting operational consistency.
6. What go-to-market strategies are commonly adopted in the Tire Recycling Market?
Common strategies include strategic partnerships with automotive OEMs, investments in modular recycling systems for emerging markets, and technology-driven process enhancement to improve material recovery rates and market revenue.
This comprehensive tire recycling market report delivers valuable market insights, underpinned by concrete data and real-world examples, empowering industry professionals to identify market opportunities, understand market dynamics, and validate informed business growth strategies.
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