Tire Recycling Market

The tire recycling market is projected to reach USD 8.92 billion by 2029, at a CAGR of 3.7% from USD 7.44  billion in 2024. The growth of the tire recycling market is driven by several key factors. The rise in the use of automobiles, like the increasing use of EV's is a major driver for tire recycling. As the number of vehicles rise there is growing end-of-life tires that need to be recycled. Also stringent government regulations related to tires pollution drive the market. For example in Europe the landfill directive (1999/31/EC) has banned the landfilling of end of life tires.

The key players in this market are Liberty Tire Recycling (US), GENAN HOLDING A/S (Denmark), ResourceCo (Australia), GRP LTD (India), Lehigh Technologies, Inc. (US), Entech Inc.(US), Emanuel Tire, LLC (US), BDS Tire Recycling (US), Contec (Poland), CRM (US). These companies are strong in their home regions, and many explore expansions diversification alternatives to grow their businesses. They focus on increasing their market shares through acquisition, collaboration and expansions.

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LIBERTY TIRE RECYCLING

Liberty Tire Recycling is one of the largest North American tire recycling companies offering integrated services under collection, processing, and recycling of tires. The company plays an important role in the sustainable management of used car tires through transforming them into innovative products on a large scale. The company has its headquarters in Pittsburgh, Pennsylvania, and operates throughout the United States and Canada, serving a range of industries with their ecological alternatives of materials, which are often used traditionally. Liberty Tire Recycling accumulates millions of scrap tires each year from retailers, auto dealerships, and waste management services. It has a developed infrastructure for collecting and transporting the used tires. Used tires are further processed in an environment-friendly manner. A large share of the collected tires is processed into good-quality rubber products. Some of the materials made from used tires include the rubber mulch, rubberized asphalt, use in playground surfaces, athletic tracks, landscaping, and road construction. In the context of a circular economy, Liberty Tire turns these into reusable materials and reduces the landfill waste that results as a byproduct. Liberty Tire also produces Tire-Derived Fuel (TDF), which is a cleaner alternative for fossil fuels meant to replace those used in cement manufacturing, pulp and paper, and power plants. TDF helps to abate emission and decrease reliance on fossil fuels and simultaneously maximizes the use of scrap tires.

Liberty Tire Recycling has a wide portfolio of facilities in North America. The company serves more than 25 processing plants and over 100 collection points throughout the US and Canada. With such a vast spread, Liberty Tire Recycling is able to run tire waste at maximum efficiency while distributing environmentally friendly products all over North America.

GENAN HOLDING A/S

GENAN HOLDING A/S is one of the world's largest tire recycler, and it features among the most firms processing waste into sustainable products through its recycled rubber materials. Genan is headquartered in Denmark and has six high-tech recycling facilities across the world. One is in Denmark, three are in Germany, one in Portugal, and one in the US. GENAN's US facility happens to be the biggest tire recycling plant in the world. GENAN combines innovative recycling strategies to end-of-life tires (ELTs), hence a significant component of the circular economy. The business processes a remarkable 150,000 tires every day and contributes to solving the problem concerning the waste management crisis while providing massive cuts for environmental sustainability. The recycling process develops quality products which are recycled rubber, steel, and textiles. Besides the contribution to material reuse, GENAN's tire recycling works indirectly engage in reducing carbon emissions. It means reducing the annual emission of 280,000 tonnes of CO2 through recycling activities by this company. That is like the amount that 100,000 diesel vehicles would emit for just one year. GENAN HOLDING A/S has some 320 employees at its global locations. The company remains the industry leader in new and innovative recycling technologies and sustainable development, where the market for eco-friendly tire disposal and reuse solutions is enabled. Sustainable development is a belief by the company that gives its market position and fuels global efforts toward combating climate change.

RESOURCECO

ResourceCo is an environmental solutions company based in Australia. The business is mainly focused on recovering and reprocessing waste materials to become alternative resources. Formed in 1992, it has been working at the very edge of sustainable waste management and resource recovery. In general, business models anchored at diverting waste from landfills and minimizing its environmental impacts with innovative recycling and repurposing solutions characterize ResourceCo's overall business model. The company has a strong commitment to circular economy principles: the efficiency of waste reduction, reuse of materials, and generation of alternative energy. It operates through several business segments, including energy, recycling and waste- and soil reuse and recycling and tire recycling.

Each section provides a different answer to the notions of sustainability and reducing waste.

ResourceCo's subsidiary, Tyrecycle recycles end-of-life tires and rubber waste into premium raw materials. Such products are used in the production of new rubber products, road surfacing, as well as alternative fuels. Tvrecycle is one of the most prominent service providers of the recycling of tires in all parts of Australia. ResourceCo. subsidiary Tyrecycle has been in existence since 1992. Tyrecycle offers all-inclusive collection, recycling, and reuse of tires and rubber waste solutions. The company produces millions of tires annually, recycling them and then transforming these into products that include crumb rubber, which is used in playground surfaces and for roads, and civil engineering applications. The company offers also tire-derived fuel to replace coal and gas in high-energy industries. ResourceCo is a well-established name in Australia and Southeast Asia. The company is spread across several states in Australia, offering its resource recovery plant and recycling center. The company operates in Malaysia and has a huge waste-to-energy plant, which indicates that it is keen on further expanding its environmental solutions beyond the home market. Tyrecycle also operates across the whole land of Australia. Collection facilities and recycling plants in each state of Australia ensure that its operations reach every corner of the country.

GRP LTD

GRP LTD was founded in 1974 and has become one of the leading manufacturers in the country for reclaimed rubber from used tires, upcycled polyamide from nylon waste, and engineered products die-cut from end-of-life tires. The business is actively carried out through five business units: Reclaim Rubber, Engineering Plastics, Repurposed Polyolefins, Polymer Composite, and Custom Die Forms. The vast operations of the firm are facilitated by seven strategically located manufacturing facilities situated across India that cover a combined installed capacity of 81,200 metric tons per annum.

GRP Ltd LTD also contributes to the saving of resources and the exploitation of sustainability by providing green materials to the global polymer industry. The firm has secured more than 200 long term contracts globally with the leading automobile, construction, and manufacturing-based firms. GRP LTD operates with more than 1,000 employees and carries out operations very efficiently, ensuring it maintains its first position in recycling as well as upcycling industries. It has been listed on the Bombay Stock Exchange since the last forty years and is indeed testimony to the stability of the organization and devotion to growth. The regional presence is very strong throughout Asia-Pacific, and it is indeed a respected and key player in the global tire recycling and sustainable materials market.

LEHIGH TECHNOLOGIES, INC.

Lehigh Technologies, Inc., a subsidiary of the Michelin Group since October 2017, markets and produces micronized rubber powders (MRPs) into high performance applications including: tires, plastics, asphalt and construction materials. Material such as this offers significant advantage over feedstocks based on oil or rubber. It develops a sustainable performance-enhancing product with the reduced cost of production and waste. It operates the world's biggest of its kind - in Tucker, Georgia - with 140 million pounds per year capacity. In addition, the Company is expanding its operations in Europe with a new facility in Olsztyn, Poland, to better serve the European market and to address global challenges in tyre recycling. Lehigh Technologies, Inc. Its global headquarters in North America houses products integrated into North America, European, Asian and South American tires. Over 500 million tyres have been produced using Lehigh's micronized rubber powders.

Related Reports:

Tire Recycling Market by Product (Rubber, TDF, TDA, Carbon Black), Process (Mechanical Shredding, Ambient Grinding, Pyrolysis), Type (Service, Material), End-use Industry (Automotive, Construction, Manufacturing) and Region - Global Forecast to 2029

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