The disposal of end-of-life tires (ELTs) has shifted from an environmental burden to a multibillion-dollar commercial opportunity. What was once considered "waste" is now a valuable feedstock for industries ranging from energy production to civil engineering. As of 2024, the global tire recycling market is valued at approximately $6.08 billion and is projected to grow to over $7.29 billion by 2029. This growth is driven by major industrial players who purchase shredded tires to fuel their operations and create sustainable products. 1. Major Buyers and Industry Leaders

: A subsidiary of Michelin, Lehigh uses specialized technology to turn scrap tires into micronized rubber powders (MRPs) for high-performance applications in new tires and plastics.

: These facilities often use de-wired TDF to supplement wood fuel in their boilers, providing a more stable and high-heat energy source.

Tire Recycling Market Size And Share | Industry Report, 2030

: This industry consumes about 41%–46% of all scrap tires used as fuel. Large kilns can burn whole or shredded tires to produce clinker, the primary component of Portland cement.

Turning Waste into Wealth: The Global Market for Shredded Tires

A handful of global corporations dominate the procurement and processing of shredded tires, often operating vast networks for collection and refinement.