Tire Recycling Market Surge Powered by Rising Focus on Resource Recovery

The global tire recycling market size was valued at USD 6.87 billion in 2024 and is expected to reach USD 8.46 billion by 2030, registering a CAGR of 3.71% from 2025 to 2030. Governments and construction companies are increasingly utilizing recycled tire materials in road surfacing, sound barriers, and playgrounds to enhance durability and promote sustainability, fueling steady demand for tire-derived products.

The market is witnessing a notable transformation as recycled rubber is being adopted in high-value applications such as asphalt modification, automotive components, and sports surfaces. This trend is driven by advancements in processing technologies, which produce finer and more purified rubber powders that comply with stringent industry standards. Both public and private organizations are investing in research to improve recycled rubber performance, positioning it as a feasible alternative to virgin materials. As sustainability becomes a key focus, manufacturers across construction and transportation sectors are integrating recycled rubber into their products to minimize environmental impact without compromising performance, further boosting demand for innovative tire-derived materials.

Despite rising demand, the market faces significant cost challenges due to the energy-intensive processes involved and the need for advanced machinery to maintain product quality. Mechanical and chemical recycling techniques require substantial capital investment, while variations in tire composition complicate standardization and affect operational efficiency. Additionally, inconsistent quality of recycled rubber limits its use in high-performance applications. The slow development of cost-effective recycling technologies also restricts scalability, making it difficult for smaller recyclers to compete with established players equipped with superior processing capabilities.

Key Market Highlights:

• The Asia Pacific held the largest revenue share at 37.98% in 2024.
• By product, the rubber segment led the market with a revenue share of 37.63% in 2024.
• By application, the building & construction segment dominated with a revenue share of 42.64% in 2024.

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Market Performance:

• 2024 Market Size: USD 6.87 Billion
• 2030 Projected Market Size: USD 8.46 Billion
• CAGR (2025-2030): 3.71%
• Asia Pacific: Largest market in 2024

Prominent Companies & Market Dynamics:

The tire recycling market is highly competitive, with several key players leading innovation and growth. Major companies include Davis Rubber Company Inc., TIRE DISPOSAL & RECYCLING LLC, Tyre Recycling Solution, Liberty Tire Recycling, Genan Holding A/S, ResourceCo, GRP LTD, and Lehigh Technologies, Inc. These companies are investing heavily in research and development to improve recycled rubber performance, cost efficiency, and sustainability, driving overall market expansion.

Key Companies:

• Davis Rubber Company Inc.
• TIRE DISPOSAL & RECYCLING LLC
• Tyre Recycling Solution
• Liberty Tire Recycling
• Genan Holding A/S
• ResourceCo
• GRP LTD
• Lehigh Technologies, Inc.

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Conclusion:

The tire recycling market is poised for steady growth, driven by sustainability initiatives, technological advancements, and increasing applications in high-value sectors. While cost and quality challenges persist, ongoing innovation and investments by key market players are expected to enhance market efficiency and expand the adoption of recycled rubber across industries.