Tyre Pyrolysis Oil Market Forecast Driven by Industrial Fuel Demand and Chemical Feedstock Applications | Valuates Reports

Tyre Pyrolysis Oil Market Size
The 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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The tyre pyrolysis oil market is experiencing solid market growth, fueled by rising demand for sustainable industrial fuels and chemical feedstock. The market size continues to expand as industries seek low-cost alternatives and prioritize waste tire recycling solutions.

By product type, medium fraction oil holds the largest market share, largely due to its diesel-like properties and versatility in industrial heating and fuel blending applications. Light fraction oil is growing steadily as a refined feedstock for petrochemicals like benzene and limonene, while heavy fraction oil maintains a smaller share, primarily utilized in specialized energy generation. Unfractionated oil remains a niche segment, used when simplicity and lower processing needs outweigh performance demands, though it supports flexible solutions in emerging markets.

In terms of application, industrial direct fuel leads the market size, with widespread use in cement kilns, steel plants, and other energy-intensive industries that benefit from high calorific value and cost savings. The refinery segment also captures a meaningful share, leveraging tyre pyrolysis oil as a feedstock for blending into transportation fuels and meeting oil refiners' demand for alternative feedstocks. The chemical sector is expanding its share by using pyrolysis oil in chemical synthesis. Other applications-such as power generation, road construction, and niche uses in marine fuels-contribute to growing market trends driven by diversification.

Overall, the tyre pyrolysis oil market forecast indicates continued market growth, supported by increasing industrial adoption, regulatory pressures favoring circular economy principles, and expanding applications in both fuel and chemical industries.

by Type

• Light Fraction
• Medium Fraction
• Heavy Fraction
• Unfractionated Type

by Application

• Refineries
• Chemical
• Industrial Direct Fuel
• Others

By Company

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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