North America Tire Recycling Market by Deployment, by Applications, by Type, by End-User & by Technology 2032
North America Tire Recycling Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
The tire recycling industry in North America has experienced significant growth, driven by environmental regulations and the pursuit of sustainable waste management solutions. In 2024, the market was valued at approximately USD 4.97 billion, with projections indicating a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031. This expansion reflects the increasing demand for recycled tire materials across various industries.
Key Applications of Recycled Tires
- Tire-Derived Fuel (TDF): Recycled tires serve as an alternative fuel source in industries such as cement manufacturing, pulp and paper production, and electric utilities. In 2017, about 43% of scrap tires in the U.S. were utilized as TDF, highlighting its significance in energy-intensive sectors.
- Crumb Rubber Products: Processed crumb rubber is incorporated into asphalt for road construction, enhancing durability and reducing maintenance costs. Additionally, it's used in manufacturing rubber mats, playground surfaces, and sports fields, promoting safety and resilience.
- Refurbished Tires: Retreading extends the lifespan of commercial vehicle tires, offering a cost-effective and environmentally friendly alternative to new tires. This practice conserves resources and reduces waste.
Industry Requirements and Challenges
To thrive in the North American tire recycling market, industries must navigate several requirements and challenges:
- Regulatory Compliance: Strict environmental regulations mandate proper disposal and recycling of end-of-life tires. Companies must adhere to guidelines set by agencies like the Environmental Protection Agency (EPA) to minimize environmental impact.
- Advanced Recycling Technologies: Investing in modern technologies such as pyrolysis and devulcanization enhances the efficiency of recycling processes, enabling the extraction of high-quality materials from scrap tires.
- Market Competition: The industry faces competition from well-established firms with access to advanced technologies and extensive distribution networks. Smaller enterprises must differentiate themselves through innovation and strategic partnerships to remain competitive.
- Supply Chain Stability: Fluctuations in the availability and cost of scrap tires can impact operations. Establishing reliable supply chains and exploring alternative revenue streams, such as producing higher-value products, can mitigate these challenges.
Engaging with industry associations and participating in collaborative efforts can provide valuable insights and resources to navigate the complexities of the North America tire recycling market.
Get an In-Depth Research Analysis of the North America Tire Recycling Market Size And Forecast [2025-2032]
Who are the largest North America manufacturers in the Tire Recycling industry?
- Miami Tire Recycling Company
- reRubber
- L & S Tire
- Tire Disposal & Recycling
- Rethink Tires
- Champlin Tire Recycling
- Lakin Tire
- New River Tire Recycling
- GENAN
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the North America Tire Recycling Market?
Growing demand for below applications around the world has had a direct impact on the growth of the North America Tire Recycling Market
- Cement Manufacturing
- Tire-derived Products
- Tire Pyrolysis
- Repurposing
What are the types of Tire Recycling available in the Market?
Based on Types the Market is categorized into Below types that held the largest Tire Recycling market share In 2023.
- Automobile Tire
- Rubber Products
- Other
Which regions are leading the North America Tire Recycling Market?
- North America (United States, North America and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of North America Tire Recycling Market Research Report, 2024-2032
1. Introduction of the North America Tire Recycling Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. North America Tire Recycling Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. North America Tire Recycling Market, By Type
6. North America Tire Recycling Market, By Application
7. North America Tire Recycling Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
8. North America Tire Recycling Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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