End-of-Life Tire Recycling Is Set To Reach 6798 million By 2033, Growing At A CAGR Of 4.9

Key Insights

The end-of-life tire recycling market is poised to witness robust growth over the forecast period, with a market size valued at 6798 million in 2025 and projected to reach a substantial value by 2033, expanding at a CAGR of 4.9%. This growth can be attributed to the increasing focus on sustainable waste management practices, rising demand for alternative fuels, and stringent regulations regarding tire disposal in various regions.

The market is segmented based on application and type. In terms of application, alternative fuel for manufacturing emerged as the dominant segment, owing to the growing adoption of tire-derived fuel (TDF) as a sustainable and cost-effective alternative to fossil fuels. The construction and civil engineering segment is also experiencing significant growth due to the increasing use of crumb rubber in road construction and other infrastructure projects. Geographically, Asia Pacific is projected to hold the largest market share due to the presence of major tire manufacturing hubs in the region, such as China and India. The rapid urbanization and increasing vehicle ownership in these countries are also driving the demand for end-of-life tire recycling services.

End-of-Life Tire Recycling Trends

The global end-of-life tire recycling market is projected to reach $3.5 billion by 2027, growing at a CAGR of 8.5% from 2021 to 2027. The growing demand for sustainable and environmentally friendly solutions, stringent government regulations, and advancements in recycling technologies are driving the market growth.

Key market insights include:

• Increasing environmental concerns and regulations are compelling governments and industries to adopt sustainable waste management practices, including tire recycling.
• Rising awareness about the environmental hazards of discarded tires has led to increased adoption of end-of-life tire recycling programs.
• Technological advancements in tire recycling, such as pyrolysis and devulcanization, are improving the efficiency and cost-effectiveness of the process.

Driving Forces: What's Propelling the End-of-Life Tire Recycling

• Environmental Concerns: Discarded tires pose significant environmental risks as they are non-biodegradable and take hundreds of years to decompose. Tire recycling helps reduce landfill waste and protects ecosystems from pollution.
• Government Regulations: Governments worldwide are implementing regulations to promote tire recycling and reduce waste accumulation. These regulations include landfill bans, recycling targets, and extended producer responsibility programs.
• Economic Advantages: Tire recycling can generate revenue for businesses and create new job opportunities in the recycling industry. Recycled tire materials can be used as raw materials in various applications, reducing production costs.

Challenges and Restraints in End-of-Life Tire Recycling

• Collection and Transportation: Collecting and transporting end-of-life tires can be challenging due to their bulky nature and high transportation costs.
• Contamination: The presence of contaminants, such as dirt, debris, and metal, can reduce the quality of recycled materials and hinder further processing.
• Cost of Recycling: The cost of tire recycling can be higher than landfilling, especially for small-scale operations.

Key Region or Country & Segment to Dominate the Market

Dominating Region:

• North America: The North American region dominates the global end-of-life tire recycling market due to its well-established recycling infrastructure, stringent environmental regulations, and high demand for recycled tire materials.

Dominating Segments:

• Application:
  • Alternative Fuel for Manufacturing: Tire-derived fuel is a cost-effective and sustainable alternative to fossil fuels in industrial processes.
  • Construction and Civil Engineering: Recycled tire materials are used in road construction, playground surfacing, and noise reduction applications.
• Type:
  • Tire-Derived Fuel: The conversion of tires into fuel is a significant segment due to its potential to reduce energy costs and emissions.
  • Crumb Rubber: This segment is driven by the use of crumb rubber in manufacturing products such as rubberized asphalt, sports surfaces, and footwear.

Growth Catalysts in End-of-Life Tire Recycling Industry

• Innovation in Recycling Technologies: Advances in pyrolysis, devulcanization, and other recycling technologies are improving the efficiency and profitability of tire recycling operations.
• Increasing Demand for Recycled Products: The growing demand for recycled tire materials in various applications, such as construction, manufacturing, and consumer goods, is driving market growth.
• Government Incentives and Support: Governments are providing tax incentives and funding to support the development and expansion of end-of-life tire recycling facilities.

Leading Players in the End-of-Life Tire Recycling

• Liberty Tire Services
• Genan
• CRM Rubber
• Lakin General
• Emanuel Tire
• Tire Disposal & Recycling
• Entech
• Champlin Tire Recycling
• L&S Tire
• Manhantango Enterprises
• Murfitts

Significant Developments in End-of-Life Tire Recycling Sector

• In 2022, Liberty Tire Services announced the launch of its new tire recycling plant in Tennessee, expanding its capacity to over 2 million tires per year.
• In 2021, Genan invested in a new tire recycling facility in Germany, increasing its processing capacity by 50%.
• In 2020, Entech introduced a new pyrolysis technology that reduces the emissions produced during tire recycling, promoting environmentally friendly operations.

Comprehensive Coverage End-of-Life Tire Recycling Report

This comprehensive report provides an in-depth analysis of the end-of-life tire recycling industry, covering market trends, key players, industry developments, and future growth prospects. It is a valuable resource for businesses, investors, and policymakers seeking to understand and capitalize on the opportunities in this growing market.

End-of-Life Tire Recycling Segmentation

• 1. Application
  • 1.1. Alternative Fuel for Manufacturing
  • 1.2. Construction and Civil Engineering
  • 1.3. Consmuer Goods
  • 1.4. Sport and Leisure
  • 1.5. Others
• 2. Type
  • 2.1. Tire-Derived Fuel
  • 2.2. Crumb Rubber
  • 2.3. Others

End-of-Life Tire Recycling Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific