The Global Tire Derived Shreds (TDS) Market was valued at USD 1.24 Billion in 2024 and is projected to reach USD 1.78 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2025–2032). This growth is being driven by stringent global tire recycling mandates, increased demand for sustainable construction materials, and the accelerating adoption of circular economy principles across manufacturing and infrastructure sectors.

As the world moves decisively away from landfill disposal, the spotlight is on the key processing and recycling companies who are turning end-of-life tires (ELTs) into valuable, high-demand commodities. In this blog, we profile the Top 10 Companies in the Tire Derived Shreds Industry—a mix of global recyclers, regional processors, and technology innovators shaping the future of sustainable material recovery.

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🔟 1. Liberty Tire Recycling

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Crumb Rubber, Granulated Rubber, Tire-Derived Aggregate (TDA)

Liberty Tire Recycling is the undisputed leader in the North American TDS market, processing approximately 190 million tires annually. Their vertically integrated model, encompassing collection, processing, and sales, gives them unparalleled scale and market influence. Their products are foundational for rubber-modified asphalt, playground safety surfaces, and molded goods across the continent.

Sustainability & Growth Initiatives:

• Operating over 25 processing plants and a network of 1.3 million collection points.
• Strategic partnerships with major tire manufacturers and state DOTs for large-scale infrastructure projects.
• Investments in R&D to improve crumb rubber quality for premium applications.

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Tire Derived Shreds (TDS) Market – View in Detailed Research Report

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9️⃣ 2. GENAN Holding A/S

Headquarters: Varde, Denmark
Key Offering: High-grade Rubber Granulate, Rubber Powder, Steel, and Textile Fibers

GENAN is a European powerhouse in tire recycling, known for its advanced cryogenic and mechanical processing technologies. The company boasts the largest single-site recycling capacity globally in Denmark and is a key supplier of high-purity rubber for the continent’s construction and automotive industries.

Sustainability & Growth Initiatives:

• Processing capacity exceeding 700,000 tons of ELTs per year across Europe.
• Focus on achieving near-zero waste through full material recovery (rubber, steel, textile).
• Recent €15 million expansion to meet growing demand for sustainable building materials.

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8️⃣ 3. ResourceCo Pty Ltd

Headquarters: Sydney, Australia
Key Offering: Tyre Derived Shred, Pulverized Rubber, Processed Engineered Fuel (PEF)

ResourceCo is a leader in the Asia-Pacific region, specializing in converting industrial and commercial waste, including tires, into valuable resources. Their “Green A” tire shred is widely used in civil engineering and as a fuel alternative in cement kilns, supporting both material and energy recovery pathways.

Sustainability & Growth Initiatives:

• Major player in Australia’s developing circular economy with advanced processing facilities.
• Significant supplier of Tire Derived Fuel (TDF) and Processed Engineered Fuel (PEF) to the industrial sector.
• Pioneering work in creating carbon-neutral products from recycled materials.

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7️⃣ 4. Lakin Tire

Headquarters: Columbus, Georgia, USA
Key Offering: Tire Buffings, Crumb Rubber, Whole Tires for Civil Engineering

Operating one of the largest tire collection networks in the U.S., Lakin Tire efficiently channels millions of tires annually into beneficial reuse markets. The company is a critical link in the supply chain, providing raw material for a wide range of TDS processors and end-users, from rubber mulch producers to large-scale civil engineering projects.

Sustainability & Growth Initiatives:

• Comprehensive national collection and logistics system servicing thousands of retailers.
• Strong focus on supplying material for TDA (Tire-Derived Aggregate) used in lightweight fill and drainage applications.
• Commitment to achieving 100% diversion of collected tires from landfills.

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6️⃣ 5. EUROREC S.A.

Headquarters: Barcelona, Spain
Key Offering: Shredded Tires, Rubber Granulate, Steel & Textile By-products

EUROREC is a major processor in Southern Europe, operating state-of-the-art facilities in Spain. The company excels in producing consistent, high-quality rubber granulates for the sports surfacing and construction sectors, adhering to rigorous European quality and environmental standards.

Sustainability & Growth Initiatives:

• Advanced automated sorting and processing lines ensuring high material purity.
• Active participant in EU-funded circular economy projects to innovate new TDS applications.
• Expanding distribution network to serve growing Mediterranean and North African markets.

Download FREE Sample Report:
Tire Derived Shreds (TDS) Market – View in Detailed Research Report

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5️⃣ 6. Mitsubishi Corp. (Via its recycling investments)

Headquarters: Tokyo, Japan
Key Offering: Strategic investment and technology deployment in global tire recycling ventures.

While not a pure-play recycler, Mitsubishi Corporation’s strategic investments and partnerships place it as a significant force. The conglomerate funds and supports advanced recycling technologies and infrastructure globally, influencing market consolidation and technological advancement, particularly in the Asia-Pacific region.

Sustainability & Growth Initiatives:

• Investing in and partnering with technology providers for pyrolysis and advanced granulation.
• Facilitating international trade of recycled rubber commodities.
• Integrating tire recycling into broader corporate sustainability and decarbonization goals.

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4️⃣ 7. Eco Green Equipment

Headquarters: Salt Lake City, Utah, USA
Key Offering: Tire Shredding, Grinding, and Granulation Machinery

Eco Green Equipment is a global leader in manufacturing the machinery that creates Tire Derived Shreds. By supplying cost-effective, high-uptime equipment to recyclers worldwide, they empower the growth of the entire TDS market, especially in emerging regions.

Sustainability & Growth Initiatives:

• Enabling decentralized and small-to-medium scale recycling operations with modular systems.
• Continuous R&D to improve machine efficiency, reduce energy consumption, and enhance output quality.
• Providing turnkey solutions that lower the barrier to entry for new market players.

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3️⃣ 8. Western Tire Recyclers

Headquarters: Phoenix, Arizona, USA
Key Offering: Shredded Tires (TDF/TDA), Landscape Mulch, Crumb Rubber

A key regional leader in the Western United States, Western Tire Recyclers operates high-capacity processing facilities that serve both local and export markets. They are a primary supplier of TDF to the energy-intensive cement industry and provide tire chips for major civil engineering projects.

Sustainability & Growth Initiatives:

• Major supplier meeting the strict environmental standards of California and other western states.
• Focus on diversifying product streams to balance fuel and material recovery markets.
• Investing in improved dust control and material handling to meet stringent air quality regulations.

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2️⃣ 9. Shredwell Recycling

Headquarters: Shanghai, China
Key Offering: Tire Shredding Equipment and Turnkey Recycling Plant Solutions

As a leading Chinese manufacturer of recycling equipment, Shredwell plays a crucial role in mechanizing tire processing in the world’s largest tire-producing nation. Their reliable and affordable machinery is deployed globally, particularly in regions where cost is a primary consideration.

Sustainability & Growth Initiatives:

• Providing scalable solutions that help formalize the massive informal tire recycling sector in Asia and Africa.
• Customizing equipment for specific regional feedstock and end-product requirements.
• Supporting China’s “Zero Waste Cities” initiative by enabling local tire recycling capabilities.

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1️⃣ 10. First State Tire Recycling

Headquarters: Lincoln, Delaware, USA
Key Offering: Processed Tire Chips, Crumb Rubber, Tire-Derived Fuel

Operating one of the most sophisticated processing plants on the U.S. East Coast, First State Tire Recycling is a critical supplier for markets ranging from artificial turf infill to industrial fuel. Their strategic location facilitates efficient distribution along the densely populated Eastern seaboard.

Sustainability & Growth Initiatives:

• Multistage processing system producing highly consistent, contaminant-free rubber products.
• Strong partnerships with athletic surfacing companies and molded product manufacturers.
• Commitment to environmental stewardship with closed-loop water systems and emission controls.

Get Full Report Here:
Tire Derived Shreds (TDS) Market – View in Detailed Research Report

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🌍 Outlook: The Future of Tire Derived Shreds Is Integrated and Value-Driven

The TDS market is undergoing a fundamental transformation. While basic shredding for landfill diversion and fuel still represents a significant volume, the industry’s future value is in creating high-specification materials for demanding industrial and consumer applications.

📈 Key Trends Shaping the Market:

• Regulatory push for Extended Producer Responsibility (EPR) schemes, making tire manufacturers financially responsible for end-of-life management.
• Rising demand for rubber-modified asphalt (RMA) and crumb rubber in synthetic turf, driving need for high-purity, consistent granulate.
• Technological innovation in automated sorting, cryogenic grinding, and pyrolysis to improve efficiency and material quality.
• Growth of Tire-Derived Aggregate (TDA) in large-scale civil engineering for its lightweight and drainage properties.

Get Full Report Here:
Tire Derived Shreds (TDS) Market – View in Detailed Research Report

The companies listed above are not only managing a global waste challenge—they are building the supply chains and technologies that are powering the circular economy for rubber.