DUBLIN--(BUSINESS WIRE)--The "Tire derived Fuel - Global Market Outlook (2019 -2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Tire Derived Fuel market accounted for $124.51 million in 2019 and is expected to reach $175.72 million by 2027 growing at a CAGR of 4.4% during the forecast period.
Some of the key factors propelling market growth are mounting manufacture along with rising sales of automobiles and augment in demand for EVs and HEVs. However, huge processing cost is the restraining factor for the growth of the market.
Tire-derived fuel (TDF) is fuel taken from all types of scrap tires. It may comprise whole tires or tires processed into uniform, flowable parts that satisfy specifications of end-users. Scrap tires are an exceptional source of fuel due to their elevated heat value. The heating value of an average sized passenger tire ranges between 13,000 Btu/lb and 15,000 Btu/lb compared to about 10,000 Btu/lb and 12,000 Btu/lb for coal. Another main reason for using tire fuels is to save fuel costs.
By application, cement manufacturing segment is expected to grow at significant market share during the forecast period due to numerous characteristics, such as high british thermal unit (BTU) value, make scrap tires a preferred fuel source for cement kilns. High temperatures and lengthy fuel residence time in a kiln let the whole combustion of tires. Consequently, there is no smoke, odor, or visible emissions from the tires.
On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period owing to augment in generation of latest tires as well as scrap tires. Japan held a major share of the tire-derived fuel market in Asia Pacific. More than 80 million units of scrap tires are produced in Japan every year. Though, demand for tire-derived fuel in India is predictable to go up at a fast pace during the forecast period.
Companies Mentioned
- Emanuel Tire
- ETR Group
- Front Range Tire Recycle, Inc
- Globarket Tire Recycling LLC
- L & S Tire Company
- Lakin Tire West Inc
- Liberty Tire Recycling
- Ragn-Sells Group
- Reliable Tire Disposal
- Renelux Cyprus Ltd
- ResourceCo Pty Ltd
- Scandinavian Enviro Systems AB
- Tire Disposal & Recycling, Inc
- West Coast Rubber Recycling Inc
What the report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company Profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Tire Derived Fuel Market, By Type
5.1 Introduction
5.2 Whole Tire
5.3 Shredded Tire
6 Global Tire Derived Fuel Market, By Sales Channel
6.1 Introduction
6.2 Manufacturer/Distributor/Service Provider
6.3 Aftermarket
7 Global Tire Derived Fuel Market, By Application
7.1 Introduction
7.2 Cement Manufacturing
7.3 Industrial Boilers
7.4 Pulp and Paper Mills
7.5 Utility Boiler
8 Global Tire Derived Fuel Market, By Geography
8.1 Introduction
8.2 North America
8.3 Europe
8.4 Asia Pacific
8.5 South America
8.6 Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/r/7o7oca
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June 29, 2020 at 06:21PM
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Global Tire Derived Fuel Market Outlook (2019 to 2027) - Featuring Renelux Cyprus, Emanuel Tire & ETR Group Among Others - ResearchAndMarkets.com - Business Wire
"fuel" - Google News
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