Tire Derived Fuel Market : Global Industry Analysis And Forecast (2022-2029)

Tire Derived Fuel Market size is expected to reach US$ 0.19 Bn. by 2029, growing at a CAGR of 4.5% during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report

Fuel prices are increasing continuously, and there is no sign of relief in the future. Demand for fossil fuel is in elevation, and the fuel is still the leading natural resource used in cement-manufacturing facilities. The cement industry depends greatly on coal, coke, and oil to fire kilns, and it can consume as much as 300,000 tons of coal per facility per year. Presently, cement-manufacturing companies use tire-derived fuel (TDF) to supplement their primary fuel for firing cement kilns.

In term of end-user, the cement manufacturing segment dominated the global tire-derived fuel market with a 41% share in terms of value in 2022. The segment was followed by the pulp and paper mills segment. As well, cement manufacturing companies use whole tires and shredded tires to supplement their primary fuel for firing cement kilns. Several characteristics, such as high british thermal unit (BTU) value, make scrap tires a desired fuel source for cement kilns. High temperatures and lengthy fuel residence time in a kiln allow the complete combustion of tires. Therefore, there is no smoke, odor, or visible emissions from the tires.

The global tire-derived fuel market is greatly fragmented, with a huge number of local and international players providing tire-derived fuel services. Leading players dominate the market.

Geographically, Asia Pacific dominated the tire-derived fuel market in 2022. Japan is one of the foremost consumers of tire-derived fuel in Asia Pacific. The country considered more than 30% share of the tire-derived fuel market in Asia Pacific in 2022. In 2022, more than 1 million tons of scrap tires were generated in Japan. Out of these, 95% of tires were reprocessed and re-used. In Japan, more than 650 thousand tons of the tire-derived fuel was used in cement plants, paper mills, and steel plants in 2022. The country is narrowly followed by India, with a consumption of more than 620 thousand tons of tire-derived fuel in 2022.

Report analyzes and estimates the tire-derived fuel market at the global and regional level. The market has been forecast based on revenue (US$ Bn& tons) from 2023 to 2029, considering 2022 as the base year. The study contains drivers and restraints of the global tire-derived fuel market. It also covers the influence of these drivers and restraints on demand for tire-derived fuel during the forecast period. Also, report highlights opportunities in the tire-derived fuel market at the global and regional level.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global tire derived fuelmarket dynamics, structure by identifying and analyzing the market segments and project the global market size.

Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global tire derived fuelmarket.
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Global Tire Derived Fuel Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 0.13 Bn.


Forecast Period 2023 to 2029 CAGR:
4.5%
Market Size in 2029:
US $ 0.19 Bn.


 Segments Covered:
by Type
Shredded Tire
Whole Tire


by End User
Pulp and Paper Mills
Cement Manufacturing
Utility Boiler
Others


by Tire Source
Light Motor Vehicles
Heavy Duty Vehicles
Motorcycles
Aircrafts
Bicycles
Others



Tire Derived Fuel Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Tire Derived Fuel Market, Key Players are
1. Ragn-Sells Group
2. Liberty Tire Whole Tire
3. ResourceCo Pty Ltd.
4. Lakin Tire West Inc.
5. Renelux Cyprus Ltd
6. Emanuel Tire
7. Globarket Tire Whole Tire LLC
8. Tire Disposal & Whole Tire Inc.
9. West Coast Rubber Whole Tire Inc.
10. Scandinavian Enviro Systems AB
11. Front Range Tire Recycle Inc.
12. L & S Tire Company
13. ETR Group
14. Reliable Tire Disposal
15. CM Shredders

Frequently Asked Questions:

1. Which region has the largest share in Global Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global  Market?
Ans: The Global Tire Derived Fuel Market is growing at a CAGR of 4.5% during forecasting period 2023-2029.

3. What is scope of the Global  Market report?
Ans: Global Tire Derived Fuel Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Market?
Ans: The important key players in the Global Tire Derived Fuel Market are – Ragn-Sells Group, Liberty Tire Whole Tire, ResourceCo Pty Ltd., Lakin Tire West Inc., Renelux Cyprus Ltd, Emanuel Tire, Globarket Tire Whole Tire LLC, Tire Disposal & Whole Tire Inc., West Coast Rubber Whole Tire Inc., Scandinavian Enviro Systems AB, Front Range Tire Recycle Inc., L & S Tire Company, ETR Group, Reliable Tire Disposal, and CM Shredders

5. What is the study period of this Market?
Ans: The Global  Market is studied from 2022 to 2029.