The market size of global tire recycling will be estimated at USD 7.5 billion in 2025 and is expected to grow to between USD 7.8 billion in 2026 and about USD 10.9 billion by 2035, with a current CAGR (compound annual growth rate) of 3.9% during the period of 2026 to 2035.

Tire Recycling Market Size 2025 To 2035 (Usd Billion)

Tire Recycling Market Revenue and Trends

Tire recycling is the process of recycling vehicles’ tires that are no longer usable as tires. The recycling process of tires is done in an effort to reclaim the material of the tires and re-use them cheaply and without harming the environment. It includes mechanical, chemical and pyrolytic processing of used tires by grinding, shredding, devulcanizing and pyrolysis. Some of the goods obtained are crumb rubber, steel, recovered carbon black, fibers and pyrolysis oil.

These materials are often utilized to create numerous items including sports surfaces, molded rubber products, motor cars, roadways, construction materials and other products. Tire recycling is very important to protect the environment and to provide a reliable source of materials for many businesses.

What are the Factors That Have a Significant Contribution to the Growth of the Tire Recycling Market?

Increasing desire for sustainable and circular economy is having huge impact on tire recycling sector. As industry around the world work to reduce their reliance on virgin materials and to promote low-carbon-footprint replacements, governments are pushing for tighter rules in the name of sustainability.

Therefore, corporations are investing in big scale tire recycling advancements and new inventive techniques for material recovery. In addition, in February 2025, Tiger Infrastructure Partners made a transformational growth investment in Bolder Industries. This should help the company expand and extend its circular economy platform reprocessing end-of-life tyres.

The financing will be utilized to open additional commercial facilities in the US and abroad to scale Bolder’s production of recovered carbon black (BolderBlack®) and pyrolysis oil (BolderOil®). Each new plant will be capable of recycling more than 4 million end-of-life tires annually and will produce important materials for the tire, automotive, plastics, petrochemical and construction industries.

The investment in Bolder Industries is expected to address the rising need for recycled materials that enable manufacturers to build low-carbon products, decrease dependence on carbon-intensive feedstocks and achieve environmental, social and governance goals. This in turn is predicted to accelerate the growth of the worldwide tire recycling industry.

Regional Insights

The Asia Pacific region is projected to register significant revenue growth in the tire recycling market, owing to the rapid urbanization coupled with growing construction and infrastructure development.

Besides, North America tire recycling industry is being driven by the need for recycled materials from the rubber and plastics sectors. As manufacturers are incorporating more reclaimed rubber and recovered carbon black (rCB) in the manufacturing process of tires, automotive products, industrial rubber goods, plastics and polymers to reduce costs and achieve ESG goals, the demand is growing.

Using recycled materials in tires also reduces the consumption of petrochemical feedstocks. North America’s large producers are turning to tire recycling to meet regulations and provide cost-effective materials. Pyrolysis and devulcanization methods have also enhanced the quality of recycled goods, enabling their application in the manufacture of higher-performance rubber and plastic products.

Report Scope

Feature of the ReportDetails
Market Size in 2026USD 7.8 billion
Projected Market Size in 2035USD 10.9 billion
Market Size in 2025USD 7.5 billion
CAGR Growth Rate3.9% CAGR
Base Year2025
Forecast Period2026-2035
Key SegmentBy Product, Application and Region
Report CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying OptionsRequest tailored purchasing options to fulfil your requirements for research.

Recent Developments

  • In October 2025, over one billion waste tires reach end-of-life throughout the world each year – a figure that is projected to rise steadily. To counter this global challenge, tire pyrolysis is emerging as a critical and sustainable solution. Staying true to its sustainability pledge, KBR has entered into a strategic alliance with Klean Industries, a pioneer in advanced tire recycling technologies with decades of experience, to jointly market, license and deliver TyreNovaSM, a modularized tire recycling solution for end-of-life tires.

List of the prominent players in the Tire Recycling Market:

  • Continental AG
  • Champlin Tire Recycling Inc.
  • Genan Holding A/S
  • Michelin Group S.A.
  • ResourceCo
  • Emanuel Tire
  • Apollo Tyres Ltd
  • Wastefront AS
  • Bridgestone Corporation
  • Liberty Tire Services LLC
  • Davis Rubber Company Inc.
  • TIRE DISPOSAL & RECYCLING LLC
  • Tyre Recycling Solution
  • GRP LTD
  • Lehigh Technologies Inc.
  • Others

The Tire Recycling Market is segmented as follows:

By Product

  • Rubber
  • Carbon Black
  • Tire-derived Fuel
  • Tire-derived Aggregate
  • Steel Wires
  • Others

By Application

  • Automotive
  • Manufacturing
  • Construction
  • Rubber & Plastics
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America