Global Tire Recycling Market Expected to Reach $12 Billion by 2030

According to the latest market research report published by Global Industry Analysts, the global tire recycling market is projected to reach $12 billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.

Key drivers include increasingly stringent environmental regulations banning tire landfilling, growing adoption of circular economy policies across Europe and Asia-Pacific, and rising demand for recycled rubber products in construction, sports surfaces, and automotive industries.

The Asia-Pacific region is expected to be the fastest-growing market, led by China, India, and Southeast Asian countries where waste tire generation is increasing rapidly alongside industrialization and urbanization.

Advanced recycling technologies such as ambient mechanical grinding, cryogenic processing, and devulcanization are opening new applications for recycled rubber, further driving equipment investment.