The global tire pyrolysis products market was valued at USD 137.3 million in 2024 and is projected to reach USD 269.6 million by the end of 2035, expanding at a CAGR of 6.5% from 2025 to 2035. The market growth is driven by increasing focus on sustainable waste management, rising demand for recovered carbon black and pyrolysis oil, and growing investments in circular economy initiatives within the tire recycling industry.

The industry’s growth continues to advance commercial developments based on low-carbon, high-performance materials driving market growth. Tire pyrolysis products market trends show that companies are in the process of commissioning new pyrolysis plants, so as to expand production and respond to the increasing demand for recovered materials. They are further doing their best to increase the efficiency of production, upgrade recycling technologies, and build effective supply chains, which are essential in response to the increasing demand for green materials.

Dive Deeper into Data: Get Your In-Depth Sample Now! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86138

Tire pyrolysis implies a thermal decomposition of waste tires in an oxygen-free environment to generate valuable by-products that consist of pyrolysis oil and carbon black, and small quantities of steel wire, and combustible gases. Tire pyrolysis by-products have a broad range of uses across various industries including energy production, manufacturing, construction, and the automotive field.

Key Findings of the Market Report

• Tire Pyrolysis Oil (TPO) held the largest market share in 2024 (approx. 40.5%), used extensively as a low-emission industrial fuel for boilers, furnaces, and power plants.
• Recovered Carbon Black (rCB) is the fastest-growing segment, with an anticipated CAGR of 11.8%. Its adoption as a sustainable substitute for virgin (petroleum-based) carbon black is surging in the plastics and tire manufacturing sectors.
• The Automotive sector is the leading end-user, accounting for nearly 48.5% of revenue, driven by the push for "Green Tires" and recycled vehicle components.
• Asia-Pacific is the dominant region, holding over 42% of global market share, led by massive recycling infrastructure developments in China, India, and South Korea.

Global Market: Growth Drivers

• Escalating Environmental Regulations: Landfill bans for whole and shredded tires in regions like the European Union and stricter waste management protocols in North America are forcing a pivot toward high-recovery recycling technologies.
• Volatile Energy Prices: As crude oil prices fluctuate, tire-derived pyrolysis oil is becoming an increasingly attractive, cost-competitive alternative for heavy industrial heating and as a refinery feedstock.
• Corporate Decarbonization Goals: Global tire giants (e.g., Michelin, Bridgestone) have committed to using 100% sustainable materials by 2050, creating a guaranteed offtake market for high-quality rCB and pyrolysis oil.
• Technological Standardization: The transition to continuous-feed reactors and advanced post-processing (milling and pelletizing for rCB) has addressed earlier concerns regarding product consistency, enabling "drop-in" compatibility for industrial applications.
• Steel Recovery Economics: High-tensile steel wire recovered during the process is easily recyclable and commands high demand in the secondary metals market, providing an additional revenue stream for pyrolysis plant operators.

Regional Landscape: Global Highlights

• Asia-Pacific leads the market due to its high vehicle density and well-established industrial base. China is the global hub for pyrolysis equipment manufacturing, while India is seeing a surge in formal recycling plants supported by national waste management policies.
• Europe is the center for innovation and "high-purity" recovery. The region is home to pioneering companies like Pyrum Innovations and Scandinavian Enviro Systems, which are establishing the world’s first industrial-scale, closed-loop recycling plants in partnership with automotive OEMs.
• North America is witnessing rapid growth driven by private investment and federal incentives for renewable energy. The market is maturing through long-term supply agreements between technology providers and chemical companies seeking sustainable feedstocks for plastics production.

Key Market Players

Industry leaders are increasingly focusing on joint ventures with tire brands and chemical majors to secure feedstock and offtake:

• Novum Energy Australia Pty Ltd
• Entyr Limited
• RCB Nanotehnologija d.o.o.
• Enespa AG
• Niutech Environment Technology Corporation
• Delta-Energy Group
• City Circle Group (CCG)
• Black Bear Carbon B.V.
• Bolder Industries
• DVA Renewable Energy JSC
• Waverly Carbon Ltd
• Scandinavian Enviro Systems AB
• Reoil SP.o.o.
• Pyrum Innovations
• Trident Fuels (Pty) Ltd
• Alpha Carbone
• New Energy Kft.
• Bridgestone Corporation
• Green Rubber & Petroleum
• Contec S.A.
• KGN Industries
• Vagmine Energies

Key Developments of Tire Pyrolysis Products Market

·         In December 2024, Pyrum Innovations AG announced that it had planned to commission its second end-of-life tire (ELT) pyrolysis plant in Germany in 2025. The company has registered almost 2,000 operating hours at TAD 2 and over 1,000 operating hours at TAD 3 for the extra production lines.

·         In September 2024, Marubeni Corporation invested in the company called Green Rubber Energy Company Limited (GRE), which is involved in End-of-Life Tire (ELT) pyrolysis recycling business in Thailand. Through this strategic investment, Marubeni aims to establish a tire recycling supply chain in Thailand. The business will involve collection of ELTs to the production and sale of recycled materials such as rCB and TPO.

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=86138&ltype=S

Market Segmentation

By Product

• Tire Pyrolysis Oil (TPO)
• Recovered Carbon Black (rCB)
• Steel Wire
• Non-Condensable Gas (Syngas)

By Process Technology

• Batch Process
• Continuous Process
• Semi-Continuous Process

By End-User

• Automotive (Tire & Parts Manufacturing)
• Chemical Manufacturing (Feedstock)
• Power Generation
• Construction & Infrastructure (Asphalt/Cement)
• Industrial Heating & Boilers

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com     
Email: sales@transparencymarketresearch.com