Delray Beach, FL, Aug. 18, 2025 (GLOBE NEWSWIRE) — The Tire Recycling Market is projected to reach USD 8.92 billion by 2029, at a CAGR of 3.7% from USD 7.44 billion in 2024. Other than focus on sustainability and stringent governmental regulations, the growing volume of end of life tires and push for lower energy consumption are some of the major drivers. According to a report by the World Business Council for Sustainable Development, one passenger tire per person is discarded annually in the developed world, contributing to the generation of 1 billion end-of-life tires (ELTs) globally each year. According to a recent 2022 study published in ScienceDirect, it is estimated that some 4 billion ELTs are already accumulated in landfills and stockpiles around the world, projected to reach 5 billion by the year 2030. The mass piling of 1 billion ELTs per year to be expected to reach 5 billion by 2030 calls for an ever-increasing process of recycling tires in a more sustainable means of waste management. The increasing environmental hazard is thus accelerating and absorbing new tire recycling technologies, thereby averting an over-inflow into landfills and maximizing material reuse.
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Browse in-depth TOC on “Tire Recycling Market”
280 – Market Data Tables
54 – Figures
256 – Pages
List of Key Players in Tire Recycling Market:
- Liberty Tire Recycling (US)
- GENAN HOLDING A/S (Denmark)
- ResourceCo (Australia)
- GRP LTD (India)
- Lehigh Technologies, Inc. (US)
- Entech Inc.(US)
- Emanuel Tire
- LLC (US)
- BDS Tire Recycling (US)
- Contec (Poland), CRM (US)
Drivers, Opportunities and Challenges in Tire Recycling Market:
- Drivers: Growing volume of end of life tires, focus on sustainability along with stringent government regulations
- Restraint: Difficulty in maintaining quality and consistency of recycled materials along with contaminated used tires can reduce the quality of recycled materials
- Opportunity: Rising demand for sustainable products along with Government Support and Incentives along with rise in green construction materials
- Challenge: High Initial Investment Costs
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Key Findings of the Study:
- Rubber by product segment is projected to grow at the fastest CAGR during the forecast period
- Mechanical Shredding by process segment is expected to grow at the fastest CAGR during the forecast period
- Construction by end-use industry segment is expected to grow at the fastest CAGR during the forecast period
- Asia Pacific is expected to be the largest consumer of the tire recycling market during the forecast period
Based on product segment, the tire recycling market has been segmented into rubber, tire derived fuel, tire …