Tire Pyrolysis Products Market Size To Reach $4,759.2 Million By 2033

Tire Pyrolysis Products Market Growth & Trends

The global tire pyrolysis products market size is anticipated to reach USD 4,759.2 million by 2033, growing at a CAGR of 8.7% from 2025 to 2033, according to a new report by Grand View Research, Inc. The increasing global focus on sustainable waste management and circular economy initiatives. The rising volume of end-of-life tires (EoLT) has intensified environmental concerns, prompting governments to impose stringent regulations on tire disposal and landfill usage. Pyrolysis offers a sustainable solution by converting waste tires into valuable products such as true pyrolysis product oil (TPO) and recovered carbon black (rCB), helping reduce dependence on fossil-derived materials while minimizing environmental impact.

Growing industrial demand for alternative fuels and sustainable raw materials is propelling market expansion. Tire pyrolysis oil is gaining traction as a renewable energy source and potential feedstock for refineries, while rCB is being increasingly adopted by tire and rubber manufacturers seeking circular material integration. The combined effect of supportive environmental policies, corporate sustainability commitments, and advances in pyrolysis technology is accelerating global investment in large-scale tire pyrolysis projects, transforming waste management into a profitable and resource-efficient industry.

Recovered carbon black (rCB) segment is anticipated to grow the fastest at a CAGR of 11.8% from 2025 to 2033. The market is driven by rising demand from tire and rubber manufacturers seeking sustainable material alternatives. Increasing emphasis on circular economy practices and reduction of carbon emissions has encouraged leading OEMs to replace a portion of virgin carbon black with rCB. Moreover, advancements in pyrolysis and post-processing technologies have improved rCB quality and consistency, expanding its applicability across automotive, industrial, and coatings sectors.

Chemical manufacturing segment is anticipated to grow the fastest CAGR of 13.9% from 2025 to 2033. The growth is attributed to the rising utilization of true pyrolysis oil (TPO) as a sustainable feedstock for producing specialty chemicals and fuels. Growing emphasis on decarbonization and circular production models is encouraging chemical companies to integrate pyrolysis-derived inputs into their processes. Moreover, ongoing R&D efforts to upgrade TPO quality and compatibility with existing refining systems are further accelerating adoption across the global chemical sector.

Asia Pacific accounted for the largest revenue share of 42.1% in 2024, primarily driven by the abundant availability of end-of-life tires (EoLT), expanding industrial base, and growing demand for alternative fuels and sustainable raw materials. Rapid urbanization and high vehicle ownership in countries such as China and India have led to substantial tire waste generation, fostering large-scale recycling initiatives. In addition, supportive government policies promoting circular economy practices and increasing investment in advanced pyrolysis technologies are accelerating market growth across the region.

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Tire Pyrolysis Products Market Report Highlights

• Based on product, true pyrolysis oil (TPO) segment accounted for the largest revenue share of 40.5% in 2024. The growth is driven by its widespread use as an alternative industrial fuel and potential refinery feedstock. Its high calorific value, coupled with rising demand for cost-effective and sustainable energy sources, has made TPO the most commercially significant product derived from tire pyrolysis.

• Based on application, the automotive segment accounted for the largest revenue share of 48.5% in 2024. The growth is supported by the increasing incorporation of recovered carbon black (rCB) in tire and rubber component manufacturing. Major automotive OEMs are adopting rCB to meet recycled material and carbon reduction targets, driving strong demand for tire pyrolysis product-derived materials within the sector.

• Europe is expected to grow at the fastest CAGR of 10.5% from 2025 to 2033, driven by stringent environmental regulations, strong circular economy mandates, and active investment in large-scale tire pyrolysis product projects. The region’s advanced recycling infrastructure and growing adoption of recovered carbon black (rCB) by major tire manufacturers further reinforce its market expansion.

• In April 2024, Neste announced successful conclusion of its first processing run with pyrolysis oil from discarded tires. Neste sourced pyrolysis oil derived from discarded vehicle tires by Scandinavian Enviro Systems, a Swedish company developing technologies to recover materials from end-of-life products. The goal of Neste’s pilot run was to evaluate the potential of chemical recycling beyond plastic waste to potentially broaden the pool of waste streams that could be processed into high-quality products. The aim is to improve the chemical recycling of Neste across the globe. 

Tire Pyrolysis Products Market Segmentation

Grand View Research has segmented the global tire pyrolysis products market based on product, end use, and region:

Tire Pyrolysis Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2033)

• True Pyrolysis Oil (TPO)

• Recovered Carbon Black (rCB)

• Steel & Inorganics

• Gases

• Other Products

Tire Pyrolysis Products End use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2033)

• Automotive

• Industrial

• Paints & Coatings

• Chemical Manufacturing

• Construction

• Transportation

• Other End Use

Tire Pyrolysis Products Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players in Tire Pyrolysis Products Market

• Bolder Industries

• Pryolyx

• Klean Industries

• Bridgestone

• Metso

• Bioenergy AE Cote-Nord

• Green Fuel Nordic Oy

• New Hope Energy

• Marubeni Corporation

• Contec S.A.

• Neste

• Revolve Carbon Materials