Global Tire Derived Fuel Market Research Report 2022

Tire-derived fuel (TDF) is composed of shredded scrap tires. Tires may be mixed with coal or other fuels, such as wood or chemical wastes, to be burned in concrete kilns, power plants, or paper mills. An EPA test program concluded that, with the exception of zinc emissions, potential emissions from TDF are not expected to be very much different from other conventional fossil fuels, as long as combustion occurs in a well-designed, well-operated and well-maintained combustion device.
Market Analysis and Insights: Global Tire Derived Fuel Market
Due to the COVID-19 pandemic, the global Tire Derived Fuel market size is estimated to be worth US$ 304.1 million in 2022 and is forecast to a readjusted size of US$ 335.3 million by 2028 with a CAGR of 1.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Shredded Tire accounting for % of the Tire Derived Fuel global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Pulp and Paper Mills segment is altered to an % CAGR throughout this forecast period.
North America Tire Derived Fuel market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Tire Derived Fuel include Ragn-Sells Group, Liberty Tire Recycling, ResourceCo, Lakin Tire West, Renelux Cyprus, Emanuel Tire, Globarket Tire Recycling, Tire Disposal & Recycling and West Coast Rubber Recycling, etc. In terms of revenue, the global 3 largest players have a % market share of Tire Derived Fuel in 2021.
Global Tire Derived Fuel Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Tire Derived Fuel Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Shredded Tire
Whole Tire
Segment by Application
Pulp and Paper Mills
Cement Manufacturing
Utility Boiler
By Company
Ragn-Sells Group
Liberty Tire Recycling
ResourceCo
Lakin Tire West
Renelux Cyprus
Emanuel Tire
Globarket Tire Recycling
Tire Disposal & Recycling
West Coast Rubber Recycling
Scandinavian Enviro System
Front Range Tire Recycle
L & S Tire Company
ETR Group
Reliable Tire Disposal
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina