The unrecycled tyre waste is a global problem. It is because of its non-biodegradability, easy flammability, leaching of toxic chemicals into the ground on dumping and release of harmful fumes on incineration. The scrap tyres pose a challenge in recycling and disposal due to the thickness and presence of multiple materials. The tyre industry in India is growing at 12% per annum and thus waste volume is rising. India is the second largest producer of reclaimed rubber after China. In India, about 5 lakh tonnes of crumb rubber modified bitumen (CRMB) is used in road construction every year. The USA is considered the largest producer of waste tyres, about 300 million per annum. However, China and India are rapidly contributing to waste tyre volume due to an increase in new vehicle sales. At the global level, more than a billion numbers of tyres become waste every year. It is estimated that about 15 million tonnes of waste tyres are generated annually at the global level. The stockpiling and dumping of such huge waste in landfill result in environmental problems and health risks. The proper recycling of waste tyres helps to reduce such problems by resource recovery and generate employment and business opportunities for the ever-rising population.