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Global “Tire-Derived Fuel Market” is studied and analyzed with the help of a complete primary and secondary market research. The report provides broad industry data on the Tire-Derived Fuel market, such as size, forecasted growth, profitability, key players, market share and market trends will give you a high-level overview of Tire-Derived Fuel market opportunities.
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Tire-Derived Fuel Market analysts forecast the global Tire-Derived Fuel market to grow at a CAGR of almost 3% during the period 2019-2023.
Tire-derived fuel is derived from scrap or end-of-life tires. Scrap tires can either be whole tires or tires shredded into uniform pieces according to the requirements of the end-users. Our tire-derived fuel market analysis considers sales from cement kilns, pulp and paper mills, and utility and industrial boilers. Our analysis also considers the sales of tire-derived fuel in the Americas, APAC, and EMEA. In 2018, the cement kilns segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as a rise in urbanization and global population will play a significant role in the cement kilns segment to maintain its market position. Also, our global tire-derived fuel market report looks at factors such as growing automotive fleets, benefits of tire-derived fuel over conventional fuels, and regulatory mandates. However, increase in tire durability and rise in global infrastructure development, concerns over the use of tire as fuels, and economic constraints related to tire recycling may hamper the growth of the tire-derived fuel industry over the forecast period.
Tire-Derived Fuel Market Segment by Manufacturers includes:
and many more.
Tire-Derived Fuel Market Segment by Regions includes: North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America, Middle East and Africa.
Market Driver: increase in demand for EVs and HEVs Market Trend: benefits of tire-derived fuel over conventional fuels Market Challenge: economic constraints related to tire recycling. Benefits of tire-derived fuel over conventional fuels Tire-derived fuel is one of the outputs of the proper utilization of the end-of-life tires. Tire-derived fuel is widely being used as a fuel in several industries owing to its benefits. Some of the benefits of tire-derived fuel such as the heating value of tire-derived fuel is approximately one-third more than that of coal and more than double that of wood. Moreover, tire-derived fuel helps reducing sulfur oxide emissions when compared with coal, which has high sulfur content. Such benefits will lead to the expansion of the global tire-derived fuel market at a CAGR of almost 3% during the forecast period. Increase in demand for EVs and HEVs To reduce the GHG emissions and move toward a sustainable ecosystem, there has been a spurt in demand for EVs and HEVs in the automotive industry. EVs are the best alternative for reducing the carbon footprint. Hence, EVs are considered to be a green solution for decarbonization of the transport sector. HEVs combine the advantages of both gasoline engines and electric motors and can be configured to meet certain objectives such as improved fuel efficiency, increased power, or additional auxiliary power for power tools and electronic devices. This development is expected to have a positive impact on the overall market growth.
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Table of Contents
TOC of Keyword Market ReportPART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT 2.1 Preface 2.2 Preface 2.3 Currency conversion rates for US$ PART 03: MARKET LANDSCAPE Market ecosystem Market characteristics Market segmentation analysis PART 04: MARKET SIZING Market definition Market sizing 2018 Market size and forecast 2018-2023 PART 05: FIVE FORCES ANALYSIS Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition PART 06: MARKET SEGMENTATION BY END-USER Market segmentation by end-user Comparison by end-user Cement kilns – Market size and forecast 2018-2023 Pulp and paper mills – Market size and forecast 2018-2023 Utility and industrial boilers – Market size and forecast 2018-2023 Market opportunity by end-user PART 07: CUSTOMER LANDSCAPE PART 08: GEOGRAPHIC LANDSCAPE Geographic segmentation Geographic comparison Americas – Market size and forecast 2018-2023 APAC – Market size and forecast 2018-2023 EMEA – Market size and forecast 2018-2023 Key leading countries Market opportunity PART 09: DECISION FRAMEWORK PART 10: DRIVERS AND CHALLENGES Market drivers Market challenges PART 11: MARKET TRENDS Advances in tire recycling technologies Increase in demand for EVs and HEVs Challenges to increase investments in coal industry PART 12: VENDOR LANDSCAPE Overview Landscape disruption Competitive scenario PART 13: VENDOR ANALYSIS
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