NEW YORK, April 22, 2022 /PRNewswire/ --
Tire-Derived Fuel Market Facts at a Glance-
Total Pages: 120
Companies: 10+ – Including CH2E, Emanuel Tire LLC, Front Range Tire Recycle Inc., Globarket Tire Recycling LLC, Lakin Tire, Liberty Tire Recycling LLC, L and S Tire Co., MS Tire Recycling LLC, Regn-Sells Group, Reliable Tire Disposal, Renelux Cyprus Ltd., ResourceCo Pty Ltd., Scandinavian Enviro Systems AB, Tire Disposal and Recycling Inc., Tyrec Ltd., and West Coast Rubber Recycling Inc. among others.
Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
Segments: End-user (cement kilns, pulp and paper mills, and utility and industrial boilers)
Geographies: APAC, Europe, North America, South America, and the Middle East and Africa
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The Tire-Derived Fuel Market size is expected to increase by USD 80.63 million from 2021 to 2026, at an accelerated CAGR of 3.78% as per the latest market report by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenarios, future market trends, market size & estimations, and major investment pockets. 71% of the market's growth will originate from APAC during the forecast period. China, Japan, India, and Russia are the key markets for tire-derived fuel in APAC. Market growth in this region will be faster than the growth of the market in other regions. The significant increase in sales of automotive vehicles and the subsequent generation of stockpiles of tires over the years will facilitate the tire-derived fuel market growth in APAC over the forecast period.
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The Tire-Derived Fuel Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.
CH2E -The company offers Tire-derived fuels (TDF) from recycled waste tires, which are processed into material used as fuel in various manufacturing applications.
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Latest Drivers & Trends Driving the Market-
Tire-Derived Fuel Market Driver:
Tire-Derived Fuel Market Trend:
The key factor driving the global tire-derived fuel market growth is the advances in tire recycling technologies. Stringent regulations are being undertaken to comply with the Paris Agreement. On average, EVs emit half the amount of GHGs as compared to conventional vehicles. In order to further promote the sales of EVs, governments in several countries like China and the US are setting objectives and giving incentives in the form of monetary and non-monetary benefits. According to the IEA, China has set a target of launching five million EVs by 2020, inclusive of 4.6 million passenger light-duty vehicles and 0.2 million buses for public transport. On the other hand, India has also set a target to achieve 30% EV sales by 2030. These factors have boosted the demand for EVs and HEVs globally, which will fetch more end-of-life tires during the forecast period, which can be converted as fuel. Such factors will positively impact the market during the forecast period.
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Tire-Derived Fuel Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3.78%
Market growth 2022-2026
USD 80.63 million
YoY growth (%)
Performing market contribution
APAC at 71%
Leading companies, competitive strategies, consumer engagement scope
CH2E, Emanuel Tire LLC, Front Range Tire Recycle Inc., Globarket Tire Recycling LLC, Lakin Tire, Liberty Tire Recycling LLC, L and S Tire Co., MS Tire Recycling LLC, Ragn-Sells Group, Reliable Tire Disposal, Renelux Cyprus Ltd., ResourceCo Pty Ltd., Scandinavian Enviro Systems AB, Tire Disposal and Recycling Inc., Tyrec Ltd., and West Coast Rubber Recycling Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
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Table of Contents:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by End-user
5.1 Market segments
5.2 Comparison by End-user
5.3 Cement kilns - Market size and forecast 2021-2026
5.4 Pulp and paper mills - Market size and forecast 2021-2026
5.5 Utility and industrial boilers - Market size and forecast 2021-2026
5.6 Market opportunity by End-user
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 North America - Market size and forecast 2021-2026
7.6 South America - Market size and forecast 2021-2026
7.7 Middle East and Africa - Market size and forecast 2021-2026
7.8 China - Market size and forecast 2021-2026
7.9 US - Market size and forecast 2021-2026
7.10 Russia - Market size and forecast 2021-2026
7.11 Japan - Market size and forecast 2021-2026
7.12 India - Market size and forecast 2021-2026
7.13 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.4 Emanuel Tire LLC
10.5 Front Range Tire Recycle Inc.
10.6 Globarket Tire Recycling LLC
10.7 Lakin Tire
10.8 Liberty Tire Recycling LLC
10.9 Ragn-Sells Group
10.10 Renelux Cyprus Ltd.
10.11 ResourceCo Pty Ltd.
10.12 Scandinavian Enviro Systems AB
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
11.3 Currency conversion rates for US$
11.4 Research methodology
11.5 List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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