The global tire derived fuel market is expected to witness a steady but slow growth in the near future. The market is expected to ride a wave of hope and optimism as instability in fuel producing continue to experience instability, driving higher prices. The global tire derived fuel market is also witnessing brighter prospects, thanks to growing demand for energy efficiency and conventional fuel usage. Some key players in the global tire derived fuel market are Liberty Tire Recycling, Ragn-Sells Group, Lakin Tire West Inc., ResourceCo Pty Ltd., Emanuel Tire, Renelux Cyprus Ltd.
The 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 coal. Moreover, it can double the output of energy produced from wood.
The global tire derived fuel market evaluation stood at US$342.4 mn in 2017. The market is expected to clock a steady CAGR of 2.9% during 2018-2026. Among various end-use applications in the market, the 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 over 30% market share, while producing over 1 million scrap tyres in 2017. The growing demand in the region and increasing environmental regulations are major positives for the tire derived fuel market in the near future.
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Environmental Concerns to Drive Major Growth
TDF produces considerably low emissions, when produced at a well-controlled facility. Additionally, the fuel reduces dependence on fuels and is reasonably priced for a wide-scale commercial application. Moreover, in 2003, EU regulators mandated companies to find new ways to reduce landfill reserves of scrap tires. The limited capacity of landfills and the 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.
Low Recovery Rate to Pose a Challenge to Growth
Regions like Asia Pacific are witnessing a major growth in the automobile industry. Growing population, introduction of various automobiles, and rise in disposable income are expected to drive major growth for the industry in the near future. However, the region is 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 the scrap tyre waste in landfills, and strong demand in the auto industry across developed regions due to trends like automated car are expected to result in significant opportunities in the near future. The tire derived fuel market is expected to witness a growing opportunity, thanks to advanced manufacturing techniques already available in countries like Japan.
The study presented here is based on a report by Transparency Market Research (TMR), titled, “Tire derived Fuel Market (Type - Shredded Tire, Whole Tire; End user - Pulp and Paper Mills, Cement Manufacturing, Utility Boiler) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”
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The new research report titled "Tire derived Fuel Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global tire derived fuel market are Emanuel Tire, ETR Group, Front Range Tire Recycle, Globarket Tire Recycling, L & S Tire Company, Lakin Tire West, Liberty Tire Recycling, Ragn-Sells Group, Reliable Tire Disposal, Renelux Cyprus, ResourceCo, Scandinavian Enviro System, Tire Disposal & Recycling, and West Coast Rubber Recycling.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Tire derived Fuel Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/tire-derived-fuel-market/download-sampleMarket DynamicsThe growing production along with increasing sales of automobiles and tire manufacturing companies is driving the growth of tire-derived fuel market.
Moreover, rising production of tires in emerging economies owing to rising disposable income is further boosting the market demand.
Tire derived Fuel market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Tire derived Fuel market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Tire derived Fuel market is segmented into:Shredded TireWhole TireDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/60361/global-japan-tire-derived-fuel-2026-323Segment by Application, the Tire derived Fuel market is segmented into:Pulp and Paper MillsCement ManufacturingUtility BoilerRegional and Country-level Analysis:The Tire derived Fuel market is analysed and market size information is provided by regions (countries).The key regions covered in the Tire derived Fuel market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Tire derived Fuel Market Share Analysis:Tire derived Fuel market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
The Global Tire derived Fuel Market Report is a comprehensive and in-depth study on the size, share, growth,trends, demand and estimation with a focus on the latest development.
The report provides key statistics on the market status with highlights on various important strategic such as mergers, acquisitions, partnership and other development.The study offers a decisive view of the global tire derived fuel market by segmenting it in terms of type and application.
The report analyzes these subsets with respect to the regional segmentation.
This research study will prepare marketers for the evolving needs of their customers.Request a FREE Sample Copy of Global Tire derived Fuel Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/tire-derived-fuel-market/download-sampleBy TypeShredded TireWhole TireBy ApplicationPulp and Paper MillsCement ManufacturingUtility BoilerThis research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global tire derived fuel market are Emanuel Tire, ETR Group, Front Range Tire Recycle, Globarket Tire Recycling, L & S Tire Company, Lakin Tire West, Liberty Tire Recycling, Ragn-Sells Group, Reliable Tire Disposal, Renelux Cyprus, ResourceCo, Scandinavian Enviro System, Tire Disposal & Recycling, and West Coast Rubber Recycling.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.This section covers tire derived fuel market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Tire derived Fuel Market report published by Value Market Research is an in-depth analysis of the market covering its size, share, value, growth and current trends for the period of 2019-2026 based on the historical data.
In addition, it also delivers detailed analysis of regional and country market.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global tire derived fuel market are Emanuel Tire, ETR Group, Front Range Tire Recycle, Globarket Tire Recycling, L & S Tire Company, Lakin Tire West, Liberty Tire Recycling, Ragn-Sells Group, Reliable Tire Disposal, Renelux Cyprus, ResourceCo, Scandinavian Enviro System, Tire Disposal & Recycling, and West Coast Rubber Recycling.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Tire derived Fuel Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/tire-derived-fuel-market/download-sampleMarket DynamicsThe growing production along with increasing sales of automobiles and tire manufacturing companies is driving the growth of tire-derived fuel market.
Moreover, rising production of tires in emerging economies owing to rising disposable income is further boosting the market demand.
However, high processing cost associated with the extraction of fuel from scrap tires could limit the market growth.The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity.
