Tire Recycling Market Revenue was valued at USD 9.4 Billion in 2024 and is estimated to reach USD 17.9 Billion by 2033, growing at a CAGR of 7.2% from 2026 to 2033.
In 2022, the global tire recycling market was valued at approximately $12.9 billion, with projections indicating growth to $18.1 billion by 2032, reflecting a compound annual growth rate (CAGR) of 3.4% from 2023 to 2032. Asia Pacific led the market, accounting for more than half of the global revenue in 2022, driven by a large population with increasing disposable income and higher vehicle ownership rates, particularly in countries like China and India. North America also demonstrated significant growth, with the U.S. market bolstered by stringent federal and state policies promoting sustainable tire disposal and recycling practices.Europes tire recycling market experienced steady expansion, underpinned by strict circular economy policies and extended producer responsibility programs, compelling manufacturers to invest in recycling infrastructure and sustainable material recovery. In the Middle East and Africa (LAMEA) region, the market is expected to witness the fastest CAGR of 4.3% from 2023 to 2032, as these areas become major consumers of vehicles, thereby increasing the demand for tire recycling solutions. Overall, the global tire recycling markets growth is propelled by the rising number of automobiles, initiatives encouraging tire recycling, and challenges associated with the disposal of scrap tires.
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Miami Tire Recycling Company
reRubber
L & S Tire
Tire Disposal & Recycling
Rethink Tires
Champlin Tire Recycling
Lakin Tire
New River Tire Recycling
GENAN
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Tire Recycling Market
Tire Shreds
Whole Tires
Tire Wire
Crumb Rubber
Tire Pyrolysis Oil
Construction & Infrastructure
Automotive Industry
Consumer Goods
Sports & Recreation
Energy Production
Mechanical Recycling
Thermal Recycling
Chemical Recycling
Biological Recycling
OEM (Original Equipment Manufacturer)
Aftermarket
Municipal Collection
Retail Collection
Rubber Products
Asphalt Modifiers
Roadway Applications
Sound Barriers
Landfill Alternatives
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Tire Recycling Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Tire Recycling Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tire Recycling Market, By Type
6. Global Tire Recycling Market, By Application
7. Global Tire Recycling Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Tire Recycling Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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