Press release
Tyre Pyrolysis Oil Market Surges as Demand for Sustainable Fuel Alternatives Rises Globally
Tyre Pyrolysis Oil Market SizeThe global market for Tyre Pyrolysis Oil was valued at US$ 49 million in the year 2024 and is projected to reach a revised size of US$ 97 million by 2031, growing at a CAGR of 10.5% during the forecast period.
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ubber and other materials into usable fuel oil, carbon black, steel, and gas. This oil, typically black in color, can be used as a substitute for conventional fuels in industrial boilers, power plants, and other applications, providing a means to recycle tire waste and reduce environmental impact.
Global key players of Tyre Pyrolysis Oil include Reoil, Bolder Industries, Green Distillation Technologies, ENRESTEC, MODUL LTD, etc. The top five players hold a share about 50%. North America is the largest market, and has a share about 39%, followed by Asia-Pacific and Europe with share 31% and 22%, separately. In terms of product type, Unfractionated Type is the largest segment, occupied for a share of 47%. In terms of application, Industrial Direct Fuel has a share about 36 percent.
The report will help the Tyre Pyrolysis Oil manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Type
• Light Fraction
• Medium Fraction
• Heavy Fraction
• Unfractionated Type
By Application
• Refineries
• Chemical
• Industrial Direct Fuel
Key Companies
Contec S.A., Hemraj Petrochem, Pyrum Innovations Ag, Green Rubber & Petroleum, Reoil, Bolder Industries, Green Distillation Technologies, ENRESTEC, MODUL LTD, Scandinavian Enviro Systems, New Energy
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