Tire Recycling Market Growth, Size, Trends, Revenue, Share, Challenges, Scope and Future Outlook

Tire Recycling Market Size- By Product, By Application, By Process- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Tire Recycling Market Size- By Product, By Application, By Process- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Nov 2023 Report ID: CHEM23109 Pages: 1 - 244 Formats*:     
Category : Chemical & Materials
Tire Recycling Market Introduction and Overview 

According to SPER Market Research, the Global Tire Recycling Market is estimated to reach USD 18.78 billion by 2033 with a CAGR of 3.52%.

The report includes an in-depth analysis of the Global Tire Recycling Market, including market size and trends, product mix, applications, and supplier analysis. The process of turning old, discarded tyres into other products—like pyrolysis oil, fuel obtained from tyres, and other rubber goods—is known as tyre recycling. Old tyres can also be recycled by a number of small-scale sellers into various practical items like planters for planting trees in parks and drinking water tanks for cattle. It also covers the retreading and repair of worn tyres for future usage. Recycling tyres reduces their carbon footprint by giving them a new use.

  • February 2020: Under its MICHELIN X Multi D Pre-Mold retread line, Michelin North America has introduced two new pre-mold retreads. This cutting-edge solution maintains exceptional mileage performance while offering increased traction and durability against scouring.
  • December 2023: Continental AG intended to enhance its retread procedure and retread instruction.
Tire Recycling Market
Market Opportunities and Challenges
It is projected that market participants would have profitable growth opportunities due to the creative usage of tyres in the creation of novel and ground-breaking goods.  Effective tyre collecting and recycling systems can be developed with the help of partnerships between tyre producers, recycling businesses, and governmental organisations. There is a huge opportunity for the tyre recycling market to grow given the speed at which emerging nations are industrialising and the rise in automobile sales. Moreover, for market participants, investigating novel uses of recycled tyre materials, like playground surfaces, rubberized asphalt, and building materials, offers profitable prospects.

However, the market's expansion is constrained by issues with scrap tyre storage, costly gear, and stringent government regulations. For instance, a lot of regulatory bodies have created laws and regulations for the collection, storage, and transportation of discarded tyres since it is seen to present a fire hazard. The main obstacles are getting all tyres collected and recycled and keeping them out of delicate environments, abandoned sites, and unlawful landfills. Furthermore, tyre recyclers' profit margin is hampered by the extremely complicated shredding process used to remove steel wire from rubber. The market expansion for tyre recycling is further hampered by the absence of standards for items made from recycled tyres and the difficulties involved in recovering and recycling automobile tyres.

Tire Recycling Market


Market Competitive Landscape
In the fiercely competitive worldwide tyre recycling business, a number of well-established firms and recent entries are fighting for market dominance. To improve their positions in the market, major players are concentrating on growing their recycling capacities, creating cutting-edge technologies, and establishing tactical alliances. Industry leaders use collaborations with tyre manufacturers, waste management firms, and research institutes as critical tactics to spur innovation and obtain a competitive advantage. The major players in the Global Tire Recycling market include: Apollo Tyres Ltd, Champlin Tire Recycling, Inc, Contec, Continental AG, Emanuel Tire, LLC, Entech Inc., Genan Holdings A/S, Green Distillation Technologies Corporation LTD., Liberty Tire Services LLC (Lakin Tire), Michelin Group S.A., Re-Match Holding A/S, reRubber, LLC., Tire Disposal & Recycling, Inc., Tyre Recycling Solutions SA, Wastefront AS, Others.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Product, By Application, By Process
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 Companies CoveredApollo Tyres Ltd, Champlin Tire Recycling, Inc, Contec, Continental AG, Emanuel Tire, LLC, Entech Inc., Genan Holdings A/S, Green Distillation Technologies Corporation LTD., Liberty Tire Services LLC (Lakin Tire), Michelin Group S.A., Re-Match Holding A/S, reRubber, LLC., Tire Disposal & Recycling, Inc., Tyre Recycling Solutions SA, Wastefront AS, Others
COVID-19 Impact on Global Tire Recycling Market
The tire recycling sector faced challenges during the COVID-19 pandemic with reduced industrial activities and demand for recycled tire products. Although post-pandemic recovery is evident in 2023, the industry now confronts a potential downturn due to the global economic recession triggered by the Ukraine-Russia war and lingering COVID-19 impacts. Despite some resilience in India and China, rising global inflation poses a significant threat to the tire recycling market. The prolonged conflict exacerbates the inflation outlook, suggesting a challenging economic landscape ahead.

Key Target Audience:
  • Agriculture 
  • Automotive Industry
  • Construction Industry
  • Recycling Companies
  • Tire Manufacturers
  • Transportation and Logistics Companies
  • Others
Our in-depth analysis of the Tire Recycling Market includes the following segments:
By Product:
  • Crumbed Rubber
  • Refurbished Commercial Vehicle Tires
  • Tire Derived Fuel
  • By Application:
  • Agriculture
  • Automotive
  • Construction
  • Manufacturing
  • Mining
  • Rubber Products
  • By Process:
  • Pyrolysis
  • Refurbishing
  • Shredding
  • Key Topics Covered in the Report:
    • Global Tire Recycling Market Size (FY’2023-FY’2033)
    • Overview of Global Tire Recycling Market
    • Segmentation of Global Tire Recycling Market By Product (Crumbed Rubber, Refurbished Commercial Vehicle Tires, Tire Derived Fuel, Others)
    • Segmentation of Global Tire Recycling Market By Application (Agriculture, Automotive, Construction, Manufacturing, Mining, Rubber Products, Others)
    • Segmentation of Global Tire Recycling Market By Process (Pyrolysis, Refurbishing, Reconditioning, Retreading, Shredding)
    • Statistical Snap of Global Tire Recycling Market
    • Expansion Analysis of Global Tire Recycling Market
    • Problems and Obstacles in Global Tire Recycling Market
    • Competitive Landscape in the Global Tire Recycling Market
    • Impact of COVID-19 and Demonetization on Global Tire Recycling Market
    • Details on Current Investment in Global Tire Recycling Market
    • Competitive Analysis of Global Tire Recycling Market
    • Prominent Players in the Global Tire Recycling Market
    • SWOT Analysis of Global Tire Recycling Market
    • Global Tire Recycling Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Tire Recycling Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Tire Recycling Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Tire Recycling Market

    7. Global Tire Recycling Market, By Product (USD Million)
    7.1. Global Tire Recycling Market Value Share and Forecast, By Product, 2023-2033
    7.2. Crumbed Rubber
    7.3. Refurbished Commercial Vehicle Tires
    7.4. Tire Derived Fuel
    7.5. Others

    8. Global Tire Recycling Market, By Application (USD Million)
    8.1. Global Tire Recycling Market Value Share and Forecast, By Application, 2023-2033
    8.2. Agriculture
    8.3. Automotive
    8.3.1. New tire manufacturing
    8.3.2. Refurbished tires
    8.4. Construction
    8.4.1. Asphalt
    8.4.2. Road construction
    8.4.3. Roofing solutions
    8.5. Manufacturing
    8.5.1. Cement manufacturing
    8.5.2. Industrial boilers
    8.5.3. Paper and pulp industry
    8.6. Mining
    8.7. Rubber Products
    8.7.1. Automotive parts manufacturing
    8.7.2. Gardening products
    8.7.3. Gym equipment
    8.7.4. Sound barrier systems
    8.7.5. Tuffs
    8.7.6. Other
    8.8. Others

    9. Global Tire Recycling Market, By Process (USD Million)
    9.1. Global Tire Recycling Market Value Share and Forecast, By Process, 2023-2033
    9.2. Pyrolysis
    9.3. Refurbishing
    9.3.1. Reconditioning
    9.3.2. Retreading
    9.4. Shredding

    10. Global Tire Recycling Market Forecast, 2019-2033 (USD Million)
    10.1. Global Tire Recycling Market Size and Market Share

    11. Global Tire Recycling Market, By Product, 2019-2033 (USD Million)
    11.1. Global Tire Recycling Market Size and Market Share By Product (2019-2026)
    11.2. Global Tire Recycling Market Size and Market Share By Product (2027-2033)

    12. Global Tire Recycling Market, By Application, 2019-2033 (USD Million)
    12.1. Global Tire Recycling Market Size and Market Share By Application (2019-2026)
    12.2. Global Tire Recycling Market Size and Market Share By Application (2027-2033)

    13. Global Tire Recycling Market, By Process, 2019-2033 (USD Million)
    13.1. Global Tire Recycling Market Size and Market Share By Process (2019-2026)
    13.2. Global Tire Recycling Market Size and Market Share By Process (2027-2033)

    14. Global Tire Recycling Market, By Region, 2019-2033 (USD Million)
    14.1. Global Tire Recycling Market Size and Market Share By Region (2019-2026)
    14.2. Global Tire Recycling Market Size and Market Share By Region (2027-2033) 
    14.3. Asia-Pacific
    14.3.1. Australia
    14.3.2. China
    14.3.3. India
    14.3.4. Japan
    14.3.5. South Korea
    14.3.6. Rest of Asia-Pacific
    14.4. Europe
    14.4.1. France
    14.4.2. Germany
    14.4.3. Italy
    14.4.4. Spain
    14.4.5. United Kingdom
    14.4.6. Rest of Europe
    14.5. Middle East and Africa
    14.5.1. Kingdom of Saudi Arabia 
    14.5.2. United Arab Emirates
    14.5.3. Rest of Middle East & Africa
    14.6. North America
    14.6.1. Canada
    14.6.2. Mexico
    14.6.3. United States
    14.7. Latin America
    14.7.1. Argentina
    14.7.2. Brazil
    14.7.3. Rest of Latin America

    15. Company Profile
    15.1. Apollo Tyres Ltd
    15.1.1. Company details
    15.1.2. Financial outlook
    15.1.3. Product summary 
    15.1.4. Recent developments
    15.2. Champlin Tire Recycling, Inc.
    15.2.1. Company details
    15.2.2. Financial outlook
    15.2.3. Product summary 
    15.2.4. Recent developments
    15.3. Contec
    15.3.1. Company details
    15.3.2. Financial outlook
    15.3.3. Product summary 
    15.3.4. Recent developments
    15.4. Continental AG
    15.4.1. Company details
    15.4.2. Financial outlook
    15.4.3. Product summary 
    15.4.4. Recent developments
    15.5. Emanuel Tire LLC
    15.5.1. Company details
    15.5.2. Financial outlook
    15.5.3. Product summary 
    15.5.4. Recent developments
    15.6. Entech Inc.
    15.6.1. Company details
    15.6.2. Financial outlook
    15.6.3. Product summary 
    15.6.4. Recent developments
    15.7. Genan Holdings A/S
    15.7.1. Company details
    15.7.2. Financial outlook
    15.7.3. Product summary 
    15.7.4. Recent developments
    15.8. Green Distillation Technologies Corporation LTD
    15.8.1. Company details
    15.8.2. Financial outlook
    15.8.3. Product summary 
    15.8.4. Recent developments
    15.9. Liberty Tire Services LLC
    15.9.1. Company details
    15.9.2. Financial outlook
    15.9.3. Product summary 
    15.9.4. Recent developments
    15.10. Michelin Group S.A.
    15.10.1. Company details
    15.10.2. Financial outlook
    15.10.3. Product summary 
    15.10.4. Recent developments
    15.11. Re-Match Holding A/S
    15.11.1. Company details
    15.11.2. Financial outlook
    15.11.3. Product summary 
    15.11.4. Recent developments
    15.12. reRubber, LLC
    15.12.1. Company details
    15.12.2. Financial outlook
    15.12.3. Product summary 
    15.12.4. Recent developments
    15.13. Tire Disposal & Recycling Inc.
    15.13.1. Company details
    15.13.2. Financial outlook
    15.13.3. Product summary 
    15.13.4. Recent developments
    15.14. Tyre Recycling Solutions SA
    15.14.1. Company details
    15.14.2. Financial outlook
    15.14.3. Product summary 
    15.14.4. Recent developments
    15.15. Wastefront AS
    15.15.1. Company details
    15.15.2. Financial outlook
    15.15.3. Product summary 
    15.15.4. Recent developments
    15.16. Others 
     
    16. List of Abbreviations

    17. Reference Links

    18. Conclusion

    19. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Tire Recycling Market is projected to reach USD 18.78 billion by 2033, growing at a CAGR of 3.52% during the forecast period.
    Tire Recycling Market grew in market size from 2023. The Market is expected to reach USD 18.78 billion by 2033, at a CAGR of 3.52% during the forecast period.
    Tire Recycling Market CAGR of 3.52% during the forecast period.
    "You can get the sample pages by clicking the link -Click Here"
    Tire Recycling Market size is USD 18.78 billion from 2023 to 2033.
    Tire Recycling Market Segment is Covered By Product, By Application, By Process
    The North America region is anticipated to have the highest market share in Tire Recycling Market.
    The key players in the market include Companies Covered Apollo Tyres Ltd, Champlin Tire Recycling, Inc, Contec, Continental AG, Emanuel Tire, LLC, Entech Inc., Genan Holdings A/S, Green Distillation Technologies Corporation LTD., Liberty Tire Services LLC (Lakin Tire), Michelin Group S.A., Re-Match Holding A/S, reRubber, LLC., Tire Disposal & Recycling, Inc., Tyre Recycling Solutions SA, Wastefront AS, Others
    Old tyres can also be recycled by a number of small-scale sellers into various practical items like planters for planting trees in parks and drinking water tanks for cattle. It also covers the retreading and repair of worn tyres for future usage. Recycling tyres reduces their carbon footprint by giving them a new use.
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