Tire Derived Fuel Market Scope
Tire derived fuel is manufactured from scrap tires by reducing it into rubber chips. It includes either whole tire or is processed into uniform, flowable pieces. Tire derived fuels are less expensive than other fossil fuels. High consumption of tire derived fuels reduces the number of fossil fuels. Some industries including utility boilers, cement kilns, and pulp/paper mills used a tire derived fuel as a supplemental fuel.
The Global Tire derived Fuel is a fragmented market due to the presence of various players. The players are focusing on investing in mergers and acquisitions and new launches. This will improve their market presence. The companies are also planning strategic activities like partnerships which will help sustain them in the market and maintain their competitive edge.
Global Tire Recycling (United States), L & S Tire Company (United States), Lakin Tire West (United States), Liberty Tire Recycling (United States), Ragn-Sells Group (Sweden), Reliable Tire Disposal (United States), Renelux Cyprus (Greece), ResourceCo (Australia), Scandinavian Enviro System (Sweden) and Tire Disposal & Recycling (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Tire Derived Fuel market by Type (Whole Tire and Processed Tire) and Region with country level break-up.
On the basis of geography, the market of Tire Derived Fuel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 16th March 2020, Liberty Tire Recycling acquires Lakin Tire is a tire removal and recycling company. Lakin provides outstanding customer service and has a deep commitment to sustainability as well as it has great processing and recycling capabilities.
According to the American Society for Testing and Materials, “During the usage of supplemental energy resources like tire derived fuel in existing units, used it ratios of 10 to 30% range. This given limit is because of its high heat release rate and low moisture content.
- Introduction of Benefits of Tire Derived Fuels
- Increasing Applications of Tire Derived Fuel in Cement Manufacturing Industry
- Rapidly Growing Automobile Sales and Personal Vehicles across the Globe
- Increasing Popularity of Electrical Vehicles
- Rising Government Focus on Recycling Processes can create opportunities for the Tire Derived Fuel Market Growth.
- Lack of Raw Material Supply Can Hamper the Tired Derived Fuel Market Growth
Key Target AudienceTire derived Fuel Manufacturers, Tire derived Fuel Distributors and Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Tire Derived Fuel Market?
The Tire Derived Fuel study can be customized to meet your requirements. The market size breakdown by type [Whole Tire and Processed Tire], by end use application .
2. How big is the Tire Derived Fuel Market?
The Tire Derived Fuel Market is gaining popularity and expected to see strong valuation by 2026.
3. What is expected growth rate in Tire Derived Fuel Market?
According to AMA, the Global Tire Derived Fuel market is expected to see growth rate of %.