With over one billion tires discarded globally each year, managing tire waste has become both an environmental challenge and a business opportunity. The tire recycling market addresses this by converting end-of-life tires into useful products such as crumb rubber, rubberized asphalt, molded goods, and alternative fuels. By reducing landfill waste and recovering valuable materials, tire recycling plays a vital role in advancing the circular economy. 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 projected to grow steadily, driven by sustainability mandates, rising automotive production, and innovations in recycling technologies.

Key Market Drivers

• Environmental regulations – Governments are enforcing stricter rules on tire disposal, pushing adoption of recycling practices.
• Sustainability trends – Industries are incorporating recycled rubber in construction, automotive, and sports surfaces.
• Energy recovery – Pyrolysis technologies enable conversion of scrap tires into oil, gas, and carbon black.
• Growing automotive sector – Higher vehicle ownership results in greater tire replacement volumes.
• Corporate ESG commitments – Companies are integrating recycled tire products into supply chains for sustainability goals.

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Regional Insights

• Asia-Pacific leads the market, supported by vast automotive production and recycling initiatives in China and India.
• Europe emphasizes circular economy policies, making tire recycling a priority across the EU.
• North America continues to expand, particularly in rubberized asphalt and energy recovery applications.

Outlook

Stratview Research highlights that the future of the tire recycling market lies in high-value applications such as recovered carbon black, sustainable construction materials, and energy-efficient fuels. As circular economy initiatives expand, tire recycling will move beyond waste management to become a strategic enabler of resource efficiency and sustainability.

In short, the tire recycling market is not just about reducing waste — it is about transforming discarded tires into valuable assets for a greener future.