PUBLISHER: Grand View Research | PRODUCT CODE: 1888552
PUBLISHER: Grand View Research | PRODUCT CODE: 1888552
The global tire pyrolysis products market size was estimated at USD 2,253.0 million in 2024 and is projected to reach USD 4,759.2 million by 2033, growing at a CAGR of 8.7% from 2025 to 2033. The growing global emphasis on sustainable waste management and circular economy practices.
With an estimated one billion end-of-life tires (EoLT) generated annually worldwide, the environmental burden of improper disposal, through landfilling or incineration, has become a critical concern. Pyrolysis offers a technically viable and environmentally safer alternative to recover value-added products such as tire pyrolysis product oil (TPO), recovered carbon black (rCB), steel, and gases.
Regulatory pressure in developed regions, including the European Union's landfill bans and strict emission standards, has accelerated the adoption of tire pyrolysis product as part of national waste diversion strategies. Additionally, government incentives for recycling infrastructure and renewable fuel production have encouraged investment in large-scale pyrolysis facilities, positioning the technology as a key enabler of resource recovery from end-of-life tires.
The rising demand for recovered carbon black and alternative fuels from industrial and automotive sectors. Recovered carbon black has gained attention as a sustainable and cost-effective substitute for virgin carbon black in rubber compounding, plastics, and coatings end uses. Tire manufacturers and automotive OEMs are increasingly integrating rCB into new tire formulations to achieve corporate sustainability targets and reduce dependency on petrochemical-derived materials. Parallelly, TPO has found growing demand as an industrial fuel and as a refining feedstock for chemical manufacturing, given its high calorific value and composition similarity to conventional hydrocarbons. The ability of pyrolysis oil to displace fossil-derived fuels supports its economic attractiveness, particularly amid fluctuating crude prices and rising global energy demand.
The technological advancements and strategic industry collaborations are propelling commercial scalability and product quality improvements. Innovations in continuous pyrolysis systems, advanced condensers, and post-processing technologies have enhanced yield efficiency and product consistency, overcoming earlier quality concerns that limited large-scale adoption. Partnerships between tire manufacturers, recycling firms, and technology developers, especially in Europe and North America, are facilitating the integration of pyrolysis outputs into mainstream industrial supply chains. Companies are also investing in refining and upgrading units to produce higher-grade oils and performance-grade rCB, expanding end-use potential in high-value sectors such as chemicals, coatings, and new tire manufacturing.
Global Tire Pyrolysis Products Market Report Segmentation
This report forecasts volume & revenue growth at the global level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global tire pyrolysis products market report based on product, end use, and region: