Global Tire-Derived Fuel Market 2019-2023

The global tire derived fuel market size will grow by USD 53.94 million during 2019-2023. This market report provides a detailed analysis of the market by end-user (cement kilns, pulp and paper mills, and utility and industrial boilers) and geography (APAC, EMEA, and the Americas). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Lakin Tire, Liberty Tire Recycling LLC, Ragn-Sellsföretagen AB, Renelux Cyprus Ltd., ResourceCo Pty Ltd., and Scandinavian Enviro Systems AB.

Some of the key findings from our tire derived fuel (TDF) market forecast report are summarized below

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Global Tire Derived Fuel Industry Overview

Tire-derived fuel (TDF) offers several benefits over conventional fuels. As a result, the demand for tire-derived fuel is rising from various end-user industries. Tire-derived fuel has a higher heating value than coal and wood and less expensive than fossil fuels. The low sulfur content in tire-derived fuel also helps in reducing sulfur oxide emissions. Moreover, the conversion of scrap tires into fuel will help in saving landfill spaces, avoiding fire accidents, and reducing toxic emissions. Also, the use of tire-derived fuel for energy generation purposes in cement kilns will help in solving ash disposal problem as the resultant ash can be used in cement manufacturing. These benefits of tire-derived fuel over conventional fuels will be a significant factor responsible for the tire derived fuel market growth over the forecast period.

Growing focus on reducing GHG emissions and stringent regulations to minimize carbon footprint have boosted the demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs) across the world. Governments of various countries, including China and the US, are setting objectives and providing incentives in the form of both monetary and non-monetary benefits to promote the sales of EVs. The rising sales of EVs and HEVs will increase the number of end-of-life tires. These end-of-life tires can be converted into TDF and used for various applications. Hence, the increasing demand for EVs and HEVs will be one of the critical tire derived fuel market trends. The trend is expected to drive the growth of the market at a CAGR of almost 3% during the forecast period.

Top Tire Derived Fuel Companies Covered in this Market Research Report

The global tire derived fuel market is fragmented. To help clients improve their market positions, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this tire derived fuel market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading tire-derived fuel manufacturers, including:

• Lakin Tire
• Liberty Tire Recycling LLC
• Ragn-Sellsföretagen AB
• Renelux Cyprus Ltd.
• ResourceCo Pty Ltd.
• Scandinavian Enviro Systems AB

Tire Derived Fuel Market Segmentation Based on End-User

• Cement kilns
• Pulp and paper mills
• Utility and industrial boilers

The cement kilns segment will account for the highest tire derived fuel market share. The growing need to reduce total fuel costs in cement kilns by replacing fossil fuels with waste-derived fuels will be a significant factor responsible for the rising demand for TDF. This report provides an accurate prediction of the contribution of all the segments to the growth of the tire-derived fuel market size.

Tire Derived Fuel Market Segmentation Based on Geographic Region

• APAC
• EMEA
• The Americas

With a complete study of the growth opportunities for the companies, it has been identified that the Americas will account for the highest share of the tire-derived fuel market throughout the forecast period. The abundant supply of end-of-life tires in the Americas is one of the significant factors fueling tire derived fuel market growth in this region.

Key Highlights of the Global Tire Derived Fuel Market Forecast for the Years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the TDF market during the next five years
• Precise estimation of the global tire-derived fuel market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the tire-derived fuel industry across APAC, EMEA, and the Americas
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of tire-derived fuel companies

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