Welcome to
On Feet Nation
Members
-
Thomas Shaw Online
-
Katharine Online
-
Mary Online
Blog Posts
Top Content
Tire Derived Fuel Market Size, Business Scenario, Share, Growth, Insights, Industry Analysis, Trends and Forecasts Report
Tire Derived Fuel Market: Introduction
The global tire derived fuel market is expected to witness steady but slow growth in the near future. The global tire derived fuel market is witnessing brighter prospects, due to growing demand for energy efficiency and conventional fuel usage.
Tire derived fuel or TDF is a product of various kinds of scrap tire material. Such scrap usually includes uniforms pieces of junk tires, which meet the expectation of end-industries. These can be in the form of pulp, cement kilns, paper mills, and electric utilities. These tires help end-use industries lower costs, improve boiler efficiency, and reduce air emissions. According to recent estimates by the Environmental Protection Agency, or the EPA, the TDF raises equivalent amount of output to oil. It also produces nearly 20% to 50% more energy as compared to coal. Moreover, it can double the output of energy produced from wood.
Get a Sample Copy of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S...
The global tire derived fuel market stood at US$ 373.06 Mn in 2020. The market is expected to clock a steady CAGR of 2.9% during 2021-2031. Among various end-use applications in the market, cement manufacturing is expected to register the highest demand during the forecast period.
Currently, cement manufacturing companies consume as much as over 300,000 tons of coal per facility per year. The raw produce in the tire derived fuel market is expected to supplement this consumption in the near future. Among various regions, Asia Pacific is expected to lead demand for TDF in the near future. In Asia, Japan accounted for more than 30% market share, while producing over 1 million scrap tyres, in 2020. Rise in demand for tire derived fuel in the region and increase in environmental regulations are major positives for the tire derived fuel market in the near future.
Environmental Concerns to Drive Growth
TDF produces considerably low emissions, when produced at a well-controlled facility. Additionally, it reduces dependence on fuels and is reasonably priced for a wide-scale commercial application. In 2003, EU regulators mandated companies to find new ways to reduce landfill reserves of scrap tires.
Limited capacity of landfills and environmental pollution caused due to scrap tires are expected to keep the regulators vigilant in the near future. Furthermore, TDF has the same heating value to that of coal, usually around 13,000 to 15,000 BTUs or British Thermal Units. Long fuel residence time and high temperatures are expected to drive considerably higher demand in the tire derived fuel market in the near future.
Take Enquiry before buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=E...
Low Recovery Rate to Pose a Challenge to Market Growth
Asia Pacific is witnessing major growth in the automobile industry. Increase in population, introduction of various automobiles, and rise in disposable income are expected to drive the industry in the near future. However, the region also witnesses low-recovery rates of scrap tires, limiting its application. While government regulations are becoming increasingly stringent, these are still not on par with their counterparts in Europe and North America.
However, growing awareness about scrap tyre waste in landfills and strong demand in the auto industry across developed regions due to trends such as automated car are expected to result in significant opportunities in the near future. The tire derived fuel market in Asia Pacific is expected to witness a growing opportunities owing to advanced manufacturing techniques already available in countries such as Japan.
Tire Derived Fuel Market: Key Players
Key players operating in the global tire derived fuel market include Liberty Tire Recycling, Ragn-Sells Group, Lakin Tire West Inc., ResourceCo Pty Ltd., Emanuel Tire, and Renelux Cyprus Ltd.
Global Tire Derived Fuel Market: Segmentation
Tire Derived Fuel Market by Type
Shredded Tire
Whole Tire
Tire Derived Fuel Market by End-user
Pulp and Paper Mills
Cement Manufacturing
Utility Boiler
Others
Rise in Automobile Production in Developing Countries to Boost Market Growth
The global automotive industry is expanding at a rapid space, particularly in Asia Pacific. Government, corporate, and personal vehicles are increasing in number at levels much higher than ever before. Due to large population, abundant availability of raw materials, and low cost of labor in Asia Pacific, several automobile giants are moving their manufacturing plants to the region. Furthermore, microeconomic development, effective and efficient vehicle-manufacturing techniques, and rise in the number of middle-class consumers are propelling vehicle sales.
Contact For Customized Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=C...
Additionally, rise in popularity of electric vehicles in North America and Europe provides a boost to vehicle sales. These factors are projected to result in increase in the amount of scrap tires over the next few years. Several governments across the globe are using the concept of ‘Reduce, Reuse, and Recover’ (3R) for scrap tire management due to various advantages. Moreover, with fossil fuel prices increasing rapidly, the demand for cheap alternatives such as tire-derived fuel is on the rise. This is estimated to present growth opportunities to the tire-derived fuel market in the near future.
More Trending Reports by TMR:
https://www.globenewswire.com/news-release/2022/04/05/2416875/0/en/...
https://www.prnewswire.com/news-releases/unsaturated-polyester-resi...
About Us Section:
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!
Contact Us
Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com/
The global tire derived fuel market is expected to witness steady but slow growth in the near future. The global tire derived fuel market is witnessing brighter prospects, due to growing demand for energy efficiency and conventional fuel usage.
Tire derived fuel or TDF is a product of various kinds of scrap tire material. Such scrap usually includes uniforms pieces of junk tires, which meet the expectation of end-industries. These can be in the form of pulp, cement kilns, paper mills, and electric utilities. These tires help end-use industries lower costs, improve boiler efficiency, and reduce air emissions. According to recent estimates by the Environmental Protection Agency, or the EPA, the TDF raises equivalent amount of output to oil. It also produces nearly 20% to 50% more energy as compared to coal. Moreover, it can double the output of energy produced from wood.
Get a Sample Copy of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S...
The global tire derived fuel market stood at US$ 373.06 Mn in 2020. The market is expected to clock a steady CAGR of 2.9% during 2021-2031. Among various end-use applications in the market, cement manufacturing is expected to register the highest demand during the forecast period.
Currently, cement manufacturing companies consume as much as over 300,000 tons of coal per facility per year. The raw produce in the tire derived fuel market is expected to supplement this consumption in the near future. Among various regions, Asia Pacific is expected to lead demand for TDF in the near future. In Asia, Japan accounted for more than 30% market share, while producing over 1 million scrap tyres, in 2020. Rise in demand for tire derived fuel in the region and increase in environmental regulations are major positives for the tire derived fuel market in the near future.
Environmental Concerns to Drive Growth
TDF produces considerably low emissions, when produced at a well-controlled facility. Additionally, it reduces dependence on fuels and is reasonably priced for a wide-scale commercial application. In 2003, EU regulators mandated companies to find new ways to reduce landfill reserves of scrap tires.
Limited capacity of landfills and environmental pollution caused due to scrap tires are expected to keep the regulators vigilant in the near future. Furthermore, TDF has the same heating value to that of coal, usually around 13,000 to 15,000 BTUs or British Thermal Units. Long fuel residence time and high temperatures are expected to drive considerably higher demand in the tire derived fuel market in the near future.
Take Enquiry before buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=E...
Low Recovery Rate to Pose a Challenge to Market Growth
Asia Pacific is witnessing major growth in the automobile industry. Increase in population, introduction of various automobiles, and rise in disposable income are expected to drive the industry in the near future. However, the region also witnesses low-recovery rates of scrap tires, limiting its application. While government regulations are becoming increasingly stringent, these are still not on par with their counterparts in Europe and North America.
However, growing awareness about scrap tyre waste in landfills and strong demand in the auto industry across developed regions due to trends such as automated car are expected to result in significant opportunities in the near future. The tire derived fuel market in Asia Pacific is expected to witness a growing opportunities owing to advanced manufacturing techniques already available in countries such as Japan.
Tire Derived Fuel Market: Key Players
Key players operating in the global tire derived fuel market include Liberty Tire Recycling, Ragn-Sells Group, Lakin Tire West Inc., ResourceCo Pty Ltd., Emanuel Tire, and Renelux Cyprus Ltd.
Global Tire Derived Fuel Market: Segmentation
Tire Derived Fuel Market by Type
Shredded Tire
Whole Tire
Tire Derived Fuel Market by End-user
Pulp and Paper Mills
Cement Manufacturing
Utility Boiler
Others
Rise in Automobile Production in Developing Countries to Boost Market Growth
The global automotive industry is expanding at a rapid space, particularly in Asia Pacific. Government, corporate, and personal vehicles are increasing in number at levels much higher than ever before. Due to large population, abundant availability of raw materials, and low cost of labor in Asia Pacific, several automobile giants are moving their manufacturing plants to the region. Furthermore, microeconomic development, effective and efficient vehicle-manufacturing techniques, and rise in the number of middle-class consumers are propelling vehicle sales.
Contact For Customized Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=C...
Additionally, rise in popularity of electric vehicles in North America and Europe provides a boost to vehicle sales. These factors are projected to result in increase in the amount of scrap tires over the next few years. Several governments across the globe are using the concept of ‘Reduce, Reuse, and Recover’ (3R) for scrap tire management due to various advantages. Moreover, with fossil fuel prices increasing rapidly, the demand for cheap alternatives such as tire-derived fuel is on the rise. This is estimated to present growth opportunities to the tire-derived fuel market in the near future.
More Trending Reports by TMR:
https://www.globenewswire.com/news-release/2022/04/05/2416875/0/en/...
https://www.prnewswire.com/news-releases/unsaturated-polyester-resi...
About Us Section:
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!
Contact Us
Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com/
Views: 1
Comment
© 2024 Created by PH the vintage.
Powered by
You need to be a member of On Feet Nation to add comments!
Join On Feet Nation