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Global End-of-Life Tire Recycling Market Size,Trends, Growth Forecast to 2031

Category : Information & Communications Technology | Report Code : 2012 | Pages : 141 | Oct 2024

Report Overview

End-of-Life Tire Recycling is the process of converting end-of-life or unwanted old tires into material that can be utilized in new products. End-of-life tires typically become candidates for recycling when they become no longer functional due to wear or damage, and can no longer be re-treaded or re-grooved. End-of-Life Tire Recycling can also create new, beneficial products. Tire-derived fuel (TDF) is an example which is produced by subject scrap tires to high-temperature pyrolysis. This is reputed to be more energy-efficient than normal fuel. It also releases minimal emissions. Other useful products created from recycled tires are playground turf, railroad ties, and rubberized asphalt. This process can also help in preventing the spread of diseases. Discarded old tires can provide a nesting place for rodents and mosquitoes. By recycling old tires, those pests can be eliminated. Consequently, diseases brought about by said animals can be prevented.

The global End-of-Life Tire Recycling market size is projected to grow from US$ 4856 million in 2024 to US$ 6577 million in 2030; it is expected to grow at a CAGR of 5.2% from 2024 to 2030.

Analytic Insights Hub' newest research report, the “End-of-Life Tire Recycling Industry Forecast” looks at past sales and reviews total world End-of-Life Tire Recycling sales in 2022, providing a comprehensive analysis by region and market sector of projected End-of-Life Tire Recycling sales for 2023 through 2029. With End-of-Life Tire Recycling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world End-of-Life Tire Recycling industry.

This Insight Report provides a comprehensive analysis of the global End-of-Life Tire Recycling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on End-of-Life Tire Recycling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global End-of-Life Tire Recycling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for End-of-Life Tire Recycling and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global End-of-Life Tire Recycling.

Global key players of End-of-Life Tire Recycling include Liberty Tire Services, Genan, CRM Rubber, etc. Asia-Pacific is the largest producer of bottle nipples, holds a share about 30%, followed by North America, and Europe. In terms of product, crumb rubber is the largest segment, with a share over 60%. And in terms of application, the largest segment is construction and civil engineering, with a share about 35%.

The End-of-Life Tire Recycling market has seen consistent growth, largely fueled by rising environmental concerns and improvements in recycling technologies. As tire consumption continues to rise globally, the need for effective waste management solutions becomes more urgent. This shift is driven by heightened environmental awareness among consumers and governments, with a focus on reducing tire waste and promoting sustainability. Technological advancements have further enhanced the efficiency and profitability of End-of-Life Tire Recycling, making it a more attractive option for businesses. Recycled tire materials are also finding expanding applications in industries such as construction, road infrastructure, and energy generation, adding to the market’s momentum.

Despite these positive trends, the market faces notable challenges. End-of-Life Tire Recycling is capital-intensive, requiring significant investments in specialized machinery and infrastructure. Additionally, market demand for recycled products can fluctuate based on economic conditions, and recycled materials often face competition from virgin rubber and synthetic alternatives. There are also technological limitations in some recycling processes that restrict the types of tires they can process or the quality of the final recycled products.

Opportunities, however, continue to emerge. Ongoing research and development efforts are leading to new applications for recycled tire materials, ranging from sports equipment to automotive components. Further technological advancements could reduce costs and enhance recycling efficiency, while government incentives like tax breaks or subsidies are playing a role in encouraging recycling efforts. As public awareness of the environmental benefits of End-of-Life Tire Recycling grows, demand for recycled products is likely to follow.

Regionally, Asia, Europe, and North America dominate the End-of-Life Tire Recycling landscape. In Asia, especially in countries like China and India, the growing automotive industries generate large volumes of tire waste, positioning the region as a major market. Europe, with its strict recycling regulations and advanced technologies, has also seen significant progress. In North America, the focus remains on sustainability and resource conservation.

Looking ahead, the global End-of-Life Tire Recycling market is poised for continued growth, driven by environmental imperatives, technological innovation, and the expansion of recycled materials into new industries. While challenges like high costs and competition exist, the opportunities for market players to contribute to a more sustainable, circular economy are vast.

This report presents a comprehensive overview, market shares, and growth opportunities of End-of-Life Tire Recycling market by product type, application, key players and key regions and countries.

Segmentation by Type:
    Tire-Derived Fuel
    Crumb Rubber
    Others

Segmentation by Application:
    Alternative Fuel for Manufacturing
    Construction and Civil Engineering
    Consmuer Goods
    Sport and Leisure
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

Segmentation by Type:
    Tire-Derived Fuel
    Crumb Rubber
    Others

Segmentation by Application:
    Alternative Fuel for Manufacturing
    Construction and Civil Engineering
    Consmuer Goods
    Sport and Leisure
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Liberty Tire Services
    Genan
    CRM Rubber
    Lakin General
    Emanuel Tire
    Tire Disposal & Recycling
    Entech
    Champlin Tire Recycling
    L&S Tire
    Manhantango Enterprises
    Murfitts

Frequently Asked Questions?

Ans - The purpose of a End-of-Life Tire Recycling market research report is to provide data-driven insights and analysis on a End-of-Life Tire Recycling market. It helps businesses understand industry trends, competition, consumer behavior, market size, growth potential, and risks, supporting strategic decision-making.

Ans - Market research reports typically include both quantitative (market size, revenue, growth rates) and qualitative (trends, consumer preferences, competitive analysis) data. It often includes industry statistics, surveys, expert opinions, historical data, and future forecasts.

Ans - The forecast period typically for End-of-Life Tire Recycling market report spans the next 5 to 10 years. It includes projected market trends, growth opportunities, and potential challenges.

Ans - Yes, Analytic Insights Hub customization services, allowing businesses to focus on specific geographies, sectors, or market segments that are relevant to them.

Ans - The report highlights major trends such as technological innovations, consumer behavior shifts, regulatory changes, or emerging markets that may impact the industry?s growth.