Tire Derived Fuel Market Business Strategies and Huge Demand by 2031

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.

𝐕𝐢𝐞𝐰 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/tire-derived-fuel-market.html

Tire derived fuel or TDF is a product of various kinds of tire material. Such 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 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=37274

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 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.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=37274

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 tires. Limited capacity of landfills and environmental pollution caused due to 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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=37274

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 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 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.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝗖𝗼𝗻𝘁𝗮𝗰𝘁:

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