What is the size of the Global Tire Recycling Market?

The Global Tire Recycling Market was valued at USD 10.02 Billion and is projected to reach a market size of USD 12.92 Billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 3.7%.

Who are the key players in the Global Tire Recycling Market?

Liberty Tire Recycling LLC, Genan Holding A/S, Scandinavian Enviro Systems AB, Rethink Tires, Champlin Tire Recycling, Lakin Tire, Miami Tire Recycling Company, New River Tire Recycling, reRubber, Entech Inc., Continental AG, Michelin Group S.A.

Which is the fastest-growing region in the Global Tire Recycling Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2030).

Which region has the biggest share in the Global Tire Recycling Market?

In 2023, the Asia-Pacific accounts for the biggest market share in the Tire Recycling Market.

What are the factors driving the Global Tire Recycling Market?

The Global Tire Recycling Market is propelled by rising vehicle production, generating more scrap tires, and environmental concerns, prompting the adoption of sustainable practices like tire recycling to mitigate environmental impact. The focus on circular economy principles enhances the demand for recycled tire products, driving market growth.