The global surge in vehicle ownership has led to a parallel rise in end-of-life tires, posing serious environmental challenges. Tire recycling—the process of converting discarded tires into useful products such as crumb rubber, reclaimed rubber, tire-derived fuel (TDF), and construction materials—is emerging as a sustainable and profitable solution. Beyond waste management, it supports the circular economy by conserving resources and reducing landfill dependence. According to Stratview Research, the Tire recycling market size was USD 5.88 billion in 2024 and is expected to grow from USD 6.13 billion in 2025 to USD 8.07 billion in 2032, witnessing a market growth (CAGR) OF 4% during the forecast period of 2025-2032.

The Tire Recycling Market is expected to grow steadily, driven by government mandates, expanding applications of recycled rubber, and rising global focus on sustainability.

Key Market Drivers

• Environmental regulations – Governments are enforcing stricter tire disposal norms and promoting recycling initiatives.
• Infrastructure development – Crumb rubber is widely used in asphalt roads, playgrounds, and flooring materials.
• Energy recovery – Tire-derived fuel offers an alternative energy source for cement plants and industrial furnaces.
• Automotive reuse – Reclaimed rubber finds increasing use in tire manufacturing and automotive components.
• Technological innovation – Pyrolysis and devulcanization technologies are improving recycling efficiency and product quality.

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Regional Insights

• Asia-Pacific leads the market, with China and India driving large-scale tire recycling efforts through regulatory reforms and industrial reuse.
• North America shows strong growth, supported by advanced recycling infrastructure and government-backed sustainability programs.
• Europe emphasizes circular economy goals and high-value reuse in road construction and manufacturing sectors.

Outlook

Stratview Research highlights that the future of the tire recycling market lies in scaling advanced technologies, expanding industrial applications, and developing carbon-neutral recycling processes. As sustainability becomes a global priority, tire recycling will continue to play a vital role in reducing environmental impact and building a greener, circular economy.

In short, the tire recycling market is not just about waste management — it is about turning discarded materials into valuable resources for a sustainable future.