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Tire Pyrolysis Oil Market Share

Report ID: GMI7470
Published Date: Dec 2024
Report Format: PDF

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Tire Pyrolysis Oil Market Share

Companies include, Alterra Energy is a leader in developing innovative pyrolysis technologies, focusing on converting end-of-life tires into high-quality pyrolysis oil, contributing to circular economy solutions. Bioenergy Ae Cote-Nord is actively engaged in utilizing waste materials, including tires, to produce valuable byproducts like TPO, aiding in the reduction of landfill waste and offering renewable energy alternatives. Bridgestone Corporation, a major tire manufacturer, has integrated tire recycling solutions into its sustainability efforts, exploring pyrolysis as a means to convert tire waste into useful products like TPO. Ensyn specializes in the production of biofuels, and their expertise in pyrolysis contributes to the development of advanced technologies for efficient tire waste conversion. Green Fuel Nordic Oy is enhancing its pyrolysis capabilities to promote eco-friendly solutions and energy recovery from tire waste, further supporting the industry's growth.

Tire Pyrolysis Oil Market Companies

Major players operating in the tire pyrolysis oil industry are:

Alterra Energy
Bioenergy Ae Cote-Nord
Bridgestone Corporation
Ensyn
Green Fuel Nordic Oy
Mk Aromatics Limited
New Energy Kft.
New Hope Energy
Nexus Circular
Plastic Energy

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for tire pyrolysis oil was valued at USD 363.2 million in 2024 and is projected to reach USD 611.9 million by 2034, driven by a CAGR of 5.4% during the forecast period, supported by rising environmental concerns and waste management solutions.

The fast pyrolysis process held a 60.5% market share in 2024, valued at USD 219.7 million, and is expected to grow at a CAGR of 5.5% by 2034, driven by its efficiency in producing high liquid yields from tire waste.

The U.S. market is projected to reach USD 145.8 million by 2034, driven by increasing regulatory mandates and a focus on sustainable waste management practices.

Major players in the industry include Alterra Energy, Bioenergy Ae Cote-Nord, Bridgestone Corporation, Ensyn, Green Fuel Nordic Oy, Mk Aromatics Limited, New Energy Kft., New Hope Energy, Nexus Circular, and Plastic Energy.