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Refuse Derived Fuel Market Analysis till 2028 covers Key Market Drivers, Challenges, Enabling Technologies, Revenue Potential, Application Scenarios, Service Provider Deployment Commitments, Vendor Profiles and their Key Strategies
Press release from: Fact.MR
Refuse derived fuel is made from the waste that cannot be reused or recycled. It usually comprises waste such as plastic and fibres, which have higher organic content. Over the recent past, there has been a noteworthy rise in the prices of land filling as well as a substantial rise in taxes. With the growing concern for waste management, refuse derived fuel technology is projected to gain significant popularity. Refuse derived fuel is also commonly known as RDF, which is exported to waste generation industries where it can be used as a source of energy in the form of heat or electricity. The process involves shredding, screening, classification and drying. The waste is taken to processing stations where it is segregated based on its type, for instance, metal, cardboard and others. This segregated waste is heated in incinerators. During the separation process, metals, inerts and organics are removed, whereas the high-calorific value waste, i.e. plastics, paper and textile, is left to process. Refuse derived fuel is used as secondary fuel for cement kilns or power stations. It is further processed to manufacture solid recovered fuel of higher calorific value.
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Global Refuse Derived Fuel Market Dynamics
Refuse Derived Fuel Market Drivers
Stringent regulations and directives, such as European Landfill Directive and landfill taxes, have created the urgent need to deduce an alternative method for solid waste management. This is a major driver of the demand for refuse derived fuels.
Growth in the number of waste-to-energy generation industries has also created an upsurge in the demand for refuse derived fuels. There has been a notable increase in the volume of export of refuse derived fuels over the past five years. Growth in the number of power stations and cement kilns has also boosted the demand for refuse derived fuels.
Various government policies, non-government organisations and regulatory bodies are also promoting the usage of refuse derived fuels, which is contributing to market growth. The number of new production plants to generate refuse derived fuels is increasing. Refuse derived fuels are considered better alternatives as compared to conventional land filling as they can bring about a significant reduction in land and air pollution.
Refuse Derived Fuel Market Restraints
One of the major challenges faced during the processing of refuse derived fuel includes the probability of explosion during the shredding process. Moreover, there are concerns regarding the storage & transportation of waste and other environmental issues. Lack of adequate infrastructure for the processing of waste, especially in the developing countries, is also a major factor hampering the demand for refuse derived fuels.
Refuse Derived Fuel Market Trends
To expand their foothold in the market, refuse derived fuel manufacturers around the world are entering into supply contracts with waste-to-energy generation industries. This will benefit both the parties involved by providing a stable base for refuse derived fuel producers while fulfilling the secondary fuel requirements of waste-to-energy generation firms.
Manufacturers and service providers are focusing on improving the efficiency of the processing equipment required for refuse derived fuel manufacturing, which has successfully reduced the chances of malfunctioning during the shredding process.
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Global Refuse Derived Fuel Market Segmentation
The global refuse derived fuel market can be segmented on the basis of source, end use industry and region.
On the basis of source, the global refuse derived fuel market can be segmented as:
• Residential waste
• Industrial waste
• Commercial waste
On the basis of end-use industry, the global refuse derived fuel market can be categorised as:
• Power plants
• Cement kilns
• Plasma arc gasification modules
• Pyrolysis plants
• Other waste to energy generation industry
Global Refuse Derived Fuel Market: Regional Outlook
In terms of region, the global refuse derived fuel market is expected to be dominated by Europe due to stringent regulations for waste management & treatment and various directives related to land filling, owing to which there is a need to develop an alternative method for waste treatment. Other regions, such as North America, are also focusing on the generation of energy through refuse derived fuels and a number of production plants have also been established for the same. Regions such as Asia Pacific, owing to the lack of awareness and lack of infrastructural development, are projected to hold a relatively smaller share in the overall refuse derived fuel market, however, they are projected to witness relatively higher growth in the latter half of the forecast period. Japan is projected to witness moderate growth in the demand for refuse derived fuels. Latin America and Middle East & Africa, on the other hand, are projected to be low-volume high-growth regions in the global refuse derived fuels market.
Global Refuse Derived Fuel Market Participants
Some of the key participants identified across the value chain of the global refuse derived fuel market are:
• Biffa plc.
• SITA UK Ltd
• N&P Alternative Fuels
• Carey Group Plc
• Andusia Recovered Fuels Limited
• FCC Environment (UK) Ltd
• New Earth Solutions Group Ltd
• Shanks Waste Management Ltd
• Greenway Waste Recycling Ltd
The research report presents a comprehensive assessment of the refuse derived fuel market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
The report covers exhaust analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Value Chain
• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint
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