Select license type

Please Select Linenece Type

Key Benefits

  • Consult directly with our domain leaders and get expert advice regarding the upcoming market.
  • Get the latest market insights and forecasts backed up by powerful research and statistical analysis
  • Customize the report as per your requirements and area of focus to avail great benefits for your business.
Market Research Report

Global Tire Recycling Market Analysis: Opportunity, Demand, Growth and Forecast 2016-2024

Published On : 2018-01-25 Report Page : 275 Category: Manufacturing

Global Tire Recycling Market

Market Overview

Every year over 1.6 billion new tires are generated and around 1 billion of waste tires are generated. However, recycling industry processed only 100 million tires every year. Tire is extensively designed with several complex processes which makes it indestructible in nature and creates difficulty in recycling of tires. However, leading tire recyclers are spending huge amount in advance technologies and equipments which can help in recycling the tires for various application and protect the environment. Moreover, taxes variation on the sales of new tires or the disposal of old tires plays critical role for tire recycling industry. In the U.S., nearly 1-2% taxes is applied on the sales of new tires and the tax fees range from USD 0.50 to USD 1.00 per tire and taxes on disposal of old tire range from USD 0.25 to USD 1.00 per tire. Federal government is generating funds for the recycling and management of scrap tires by processing the fees on new tires and disposal facilities of old tires. These policies are pushing the tire recyclers to invest on equipment and improving the tire recycling facilities and thereby expected to fuel the growth of tire recycling market. Furthermore, growing implementation of crumb rubber generated from scrap tires is supporting the growth of tire recycling market. In 2016, over 30% of crumb rubber used on sports fields and 25% of crumb rubber used as playground surfacing which are expected to create significant disruption of tire recycling market. Application of rubberized asphalt for the construction of pavements are also generating pool of opportunities for  tire recyclers and is expected to fuel the growth of tire recycling market in the near future.

Market Segmentation

Global Tire Recycling Market is segmented on the following basis:

Based on Rubber Type

  • Natural Rubber (NR)
  • Ethylene-Propylenediene Monomer (EPDM) Rubber
  • Styrene-Butadiene Rubber (SBR)
  • Polychloroprene
  • Others (Fluorocarbon Rubber, Silicone)

Based on Product Type

  • Crumb Rubber
  • Tire-derived fuel (TDF)
  • Rubberized Asphalt
  • Stall Mats (Pet and Equine)
  • Playground Material
  • Automotive parts
  • Bonded Rubber/Molded Products
  • Flooring Products

Based on End-User

  • Automotive & Aviation Sector
  • Manufacturing
  • Construction
  • Others ( Sports, Home Decor)

Based on Geography

  • North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Tire Recycled (%)}
  •  Latin America (Brazil, Mexico, Argentina & Rest of Latin America) {Market Size (USD Billion), Growth Analysis (%) and Tire Recycled (%)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion), Growth Analysis (%) and Tire Recycled (%)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Tire Recycled (%)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Tire Recycled (%)}
  •  Rest of World {Market Size (USD Billion), Growth Analysis (%) and Tire Recycled (%)}

Market Size and Forecast (2016-2024)

Global tire recycling market valued USD 0.95 billion in 2016 and is projected to grow at a CAGR of 2.1% during the forecast period. Rising environmental concerns and public health issues due to pollution spurring strict regulations and tax fees associated with waste tires and their disposal which are creating funding for the recycling of tires. Such policies are encouraging the growth of tire recycling industry.

Europe is the dominating for tire recycling market followed by North America in 2016. Europe tire recycling market valued USD 0.33 billion in 2016 and is projected to grow at notable CAGR during the forecast period. Stringent regulations and rising measures for controlling environmental pollution mainly in countries such as Sweden, Finland, France, Germany and Italy among others are propelling the growth of Europe tire recycling market. North America accounted for nearly 31% revenue share of global tire recycling market. Huge implementation of tire recycling processes in the U.S. is supporting the growth of the business in North America region.

Market Drivers and Challenges

Growing popularity of recycled material to reduce the consumption of limited natural resources and to lower the CO2 emissions are pushing the adoption of innovative approaches to deal with such challenges. Recycling of scrap tires is turning out as a perfect solution for reducing the environment pollution as well strengthens the economic condition of the country. Road construction using rubberized asphalt is proving as a best alternative for recycled scrap tires. However, collection and recycling of all tires and prevent from illegal landfill, sensitive habitats and abandoned areas are the major challenge. Moreover, shredding processes to clean steel wire from the rubber is highly complex process and which hampers the profit margin of tire recyclers. Lack of standards for the recycled tire products and complexities in recovering and recycling of car tires are also hindering the growth of tire recycling market.

Key Market Players

  • Liberty Tire Services LLC
    • Synopsis
    • Business Strategy
    • Product Portfolio
    • SWOT Analysis
  • Lakin General
  • Entech Inc.
  • Emanuel Tire Co.
  • Tire Disposal & Recycling Inc.
  • Mac’s Tire Recyclers
  • Golden By-Products Inc
  • Champlin Tire Recycling
  • L&S Tire Co.
  • Global Rubber LLC
  • Manhantango Enterprises Inc.
  • RB Rubber Products
  • BAS Recycling Inc.
  • Rumpke Consolidated Cos. Inc
  • Global Tire Recycling of Sumter County Inc
  • reRubber LLC
  • Golden By-Products Inc.
  • Colt Inc. Scrap Tire Centers

Scope Background

Market Synopsis

Market Segmentation

The Global Tire Recycling Market is segmented as follows:

  • By Rubber Type (Market Size, Demand Analysis and Growth Analysis)
  • By Product Type (Market Size, Demand Analysis and Growth Analysis)
  • By End User (Market Size, Demand Analysis and Growth Analysis)

By Region

  • North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
  • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks


A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements


Global Tire Recycling Market Analysis: Opportunity, Demand, Growth and Forecast 2016-2024

A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements

OR Call Us:+1-646-568-7747

A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements