Tire Recycling Market is expected to grow at a CAGR of 3.6% through 2030F
The Global Tire Recycling Market is increasing due to growing focus on reducing landfill usage, environmental regulations & sustainability initiatives and technological advancements & Innovation in recycling processes throughout the forecast period.
According to TechSci Research
report, “Tire Recycling
Market - Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F, Global Tire Recycling Market was valued at USD 7.6
billion in 2024 and is expected to reach USD 9.5 billion by 2030 with a CAGR of
3.6% through 2030. The integration of Artificial Intelligence (AI) and the Internet of Things (IoT) is revolutionizing the global tire recycling market by enhancing operational efficiency, improving recycling processes, and maximizing resource recovery. AI-powered systems are being used to optimize tire sorting and processing by analyzing vast amounts of data to identify different tire types and materials more accurately and faster than traditional methods. Machine learning algorithms can predict the best processing techniques for each type of tire, reducing waste and ensuring the highest quality of recycled materials, such as tire-derived rubber and carbon black. Additionally, AI helps in improving the efficiency of automated tire shredding and grinding systems, which can lead to lower energy consumption and improved cost-effectiveness for recycling plants. IoT integration in tire recycling further enhances the market by enabling real-time monitoring and tracking of tire processing activities. IoT sensors embedded in recycling equipment can provide continuous data on factors such as temperature, pressure, and material flow, allowing operators to make data-driven decisions that optimize performance and prevent potential issues. The real-time insights from IoT devices also allow for predictive maintenance, reducing downtime and extending the life of machinery. Furthermore, IoT-enabled systems can trace the movement and flow of recycled materials, ensuring transparency and traceability throughout the recycling process, which is crucial for meeting sustainability goals and regulatory standards. Together, AI and IoT are creating a smarter, more efficient, and sustainable tire recycling industry.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the "Global Tire Recycling Market"
Based on Process, the Shredding segment dominated the Tire Recycling market in 2024 and maintain its
leadership throughout the forecast period, Shredding plays a crucial role in
the initial stages of tire recycling, where tires are broken down into smaller,
manageable pieces, making it easier to extract valuable materials like rubber,
steel, and fibers. This process is widely used due to its efficiency,
cost-effectiveness, and ability to handle large volumes of tires.
Shredded tire materials, particularly
crumb rubber, are highly sought after for various applications, including
rubberized asphalt, sports fields, playground surfaces, and industrial
flooring. The demand for crumb rubber is increasing, especially in the construction
industry, where it is used to produce durable, low-maintenance road surfaces
that provide better skid resistance, reduced noise, and longer-lasting
performance. Additionally, the environmental benefits of shredded rubber, such
as reducing tire waste in landfills and repurposing it for productive use, make
it a preferred option in sustainable construction projects.
Shredding also plays a significant role
in producing tire-derived fuel (TDF), which is used as an alternative fuel
source in industries such as cement manufacturing, power generation, and steel
production. The growing demand for TDF as an affordable and reliable energy
source is further boosting the dominance of the shredding process in the tire
recycling market. Furthermore, advancements in shredding technology, such as
the use of high-efficiency shredders and improved sorting systems, are
enhancing operational efficiency and reducing costs. These innovations allow
recycling plants to process tires more quickly and effectively, maximizing the
recovery of valuable materials while minimizing waste.
The shredding segment’s ability to
provide valuable, marketable products like crumb rubber and tire-derived fuel,
combined with its operational efficiency, is expected to ensure its continued
dominance in the tire recycling market. As global demand for sustainable
materials increases and regulations around tire disposal become more stringent,
the shredding process will remain a key player in the industry, providing
essential raw materials for multiple high-growth sectors. Thus, the shredding
segment is set to maintain its leadership throughout the forecast period,
driving the growth of the global tire recycling market.
Asia Pacific is the fastest-growing
region for the Tire Recycling market, driven by rapid urbanization, increasing
vehicle ownership, and expanding industrial activities. Countries like China,
India, and Japan are investing heavily in tire recycling infrastructure to
address the growing tire waste problem and meet stricter environmental
regulations. The region's rising demand for sustainable materials, particularly
in construction, automotive, and energy sectors, is further propelling market
growth. Additionally, advancements in recycling technologies and government
incentives for eco-friendly initiatives are contributing to the expansion of
tire recycling operations. As a result, Asia Pacific is witnessing a
significant rise in the adoption of recycled tire products, such as crumb
rubber and tire-derived fuel, making it a key growth region in the global
market.
Key market players in the Tire Recycling
Market are: -
- Re-Match A/S
- Continental AG
- Champlin Tire Recycling Inc.
- Wastefront AS
- Bridgestone Corporation
- Liberty Tire Recycling, LLC
- Genan Holding A/S
- Apollo Tyres Ltd
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The global Tire Recycling Market
presents significant opportunities driven by increasing demand for sustainable
and eco-friendly solutions across industries. As environmental regulations
tighten globally, governments are introducing policies to promote tire
recycling, creating favorable conditions for market growth. There is a growing
need for recycled tire materials in applications such as rubberized asphalt,
playground surfaces, and sports fields, offering recyclers access to new and
expanding markets. The construction and infrastructure sectors are increasingly
adopting recycled tire materials for road construction, driven by their
cost-effectiveness and durability. The
rising global focus on reducing waste and carbon emissions is expected to
accelerate investments in tire recycling infrastructure, creating vast
opportunities for companies in the market.” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based global management consulting
firm.
“Tire Recycling Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Process (Pyrolysis, Shredding, Refurbishing), By Product (Crumbed Rubber, Tire
Derived Fuel, Refurbished Commercial Vehicle Tires, Others), By Application
(Manufacturing, Construction, Rubber Products, Automotive, Others), By Region & Competition, 2020-2030F”
has evaluated the future growth potential of Tire Recycling
Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Tire Recycling Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com