Colombia Tire Recycling Market Size Worth USD 154.12 Million by 2034 | CAGR: 5.3%

The Colombia tire recycling market size is expected to reach USD 154.12 million by 2034, according to a new study by Polaris Market Research. The report “Colombia Tire Recycling Market Size, Share, Trends, Industry Analysis Report: By Tire Types [Off-The-Road (OTR) Tires Recycling, On The Road Tires Recycling, and Aircraft Tire Recycling], Recycling Methods, and Applications – Market Forecast 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Tire recycling is the process of converting end-of-life tires into reusable materials, such as rubber, steel, or fuel, to promote sustainability and reduce waste. The demand for tire recycling is increasing due to increasing environmental concerns and the global push for sustainable practices. Governments and corporations are actively promoting circular economy initiatives, emphasizing the reuse of materials to reduce waste and conserve resources. In Colombia, stringent environmental regulations, such as compliance with Resolution 1326 of 2017, play a critical role in driving proper tire disposal and recycling. These regulations, coupled with extended producer responsibility (EPR), are ensuring that manufacturers and distributors participate in recycling programs, creating a strong foundation for the Colombia tire recycling market growth.

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Technological advancements are further boosting the Colombia tire recycling market expansion by improving efficiency and reducing dependency on raw materials. Innovations such as devulcanization technology, which reverses the vulcanization of rubber, enable the reuse of recycled rubber in the production of new tires and other products. This reduces the demand for virgin rubber and also lowers production costs, making recycling an attractive option for industries. Consequently, the implementation of such technologies is expected to drive long-term growth in the market.

There is a growing need for improved infrastructure to streamline tire collection and recycling processes. Additionally, industrial sectors, such as construction and asphalt production, are increasingly using recycled tire materials due to their cost-effectiveness and environmental benefits. Although substitutes such as virgin rubber and synthetic materials exist, their high costs and limited availability prompt industrial manufacturers to prefer recycled materials. Concurrently, these factors emphasize the growing importance of tire recycling in fostering a sustainable, resource-efficient economy.

Top of FormColombia Tire Recycling Market Report Highlights

• By tire types, the on the road tires recycling segment dominated the Colombia tire recycling market in 2024, driven by programs like “Llantatón” promoting sustainability through tire collection, resource efficiency, and transitioning to a circular economy.
• Based on recycling methods, the pyrolysis segment is projected to grow rapidly due to its eco-friendly waste tire conversion into valuable byproducts, supported by government initiatives and private investments in sustainable solutions.
• A few global key market players include Ruedaverde, Liberty Tire Recycling, Neoland SAS, Duramos, EcoTireGreen, Genan, Drummond Ltd., Lehigh Technologies (A Michelin Group Company), and Ecolomondo Corporation.

Polaris Market Research has segmented the Colombia tire recycling market report on the basis of tire types, recycling methods, and applications:

By Tire Types Outlook (Revenue, USD Million, 2020–2034)

• Off-the-Road (OTR) Tires Recycling
• On the Road Tires Recycling
• Aircraft Tire Recycling
  • Airplanes
  • Helicopters
  • Others

By Recycling Methods Outlook (Revenue, USD Million, 2020–2034)

• Shredding & Grinding
• Pyrolysis
• Retreading
• Others

By Applications Outlook (Revenue, USD Million, 2020–2034)

• Energy Generation
• Consumer Goods
• Manufacturing and Industrial Uses
• Civil Engineering and Infrastructure

Colombia Tire Recycling Market Report Scope