"Actionable Insights to Fuel Your Growth"
The rapid growth in industrialization has extensively increased the consumption rate of fossil fuel and they are speedily depleting. Tire-derived fuel (TDF) provide an alternative to fossil fuel by using waste or scrapped tire as a fuel in cement kilns, paper pulp industry, power generation, and utility boiler. Millions of tons of tire waste are stockpiled or landfilled in most jurisdictions until the late ’60s and ’70s. But after the Hagersville tire fire, government and tire industries realized the potential risk associated with scrap tire piles and dealing effectively to promote recycling and other end uses of tires. Scrap tires not only produce valuable energy sources for the industrial process but reduces severe risk to the environment. Tire-derived fuel produces the same amount of energy as oil and 25% more energy than coal according to EPA (Environmental Protection Agency). The ash residues from TDF contain less metal content result in lower NOx and sulfur emission. This will provide an interim solution and alternative to a conventional energy source that is expected the growth of the tire-derived fuel.
The segmentation of tire-derived fuel can be done on the basis of Tire Source, Type, and Application. The majority of scrap tires acquired from light motor vehicles followed by heavy-duty vehicles and motorcycles. To use scrap tires effectively for burning it is cut into minor pieces by shredding process and sometimes in cement kilns, the whole tire is used. Cement industry majorly use tire-derived fuel followed by the power plant and paper & pulp industry.
To gain extensive insights into the market, Request for Customization
The revolution in the automobile industry has increased the growth of vehicles and million tons of tire waste is generated across the world which drives the market for tire-derived fuel. It not only saves significant sources of hydrocarbon reserves but also mitigates the serious dumping problem of tires which contaminate natural water bodies and pose risk to human health.
Tire burning is opposed by international environmental agencies and activists claiming emission of dioxins and furans posing a serious threat to the environment which inhibits the growth of tire-derived fuels.
The leading companies in tire derived fuel are Ragn-Sells Group, Liberty Tire Recycling, ResourceCo Pty, Lakin Tire West Inc., L&S Tire Company, Probio Energy International, Renelux Cyprus Ltd., Globarket Tire Recycling LLC, ETR Group and Emanuel Tire LLC.
By Tire Source
· Light Motor Vehicles
· Heavy Duty Vehicles
· Shredded Tire
· Whole Tire
· Cement Industry
· Power Plants
· Pulp & paper mills
· Utility Boilers
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
The global tire-derived fuel market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America generates enormous tire waste due to major economies in the world and tire-derived fuel is used in this region since the ’70s. The infrastructure project and development in the automobile sector has moved the market to higher consumption of tire which is expected to increase the growth of the tire-derived fuel in North America. Europe is one of the leading regions in using tire-derived fuel in the world and actively pursues an option for replacing fossil fuel with alternative and biomass fuels. The most established automakers are from European countries and trending vehicles are attracting consumers who drive the market for tire-derived fuels. The Asia Pacific is likely to dominate the market for tire-derived fuel due to major auto companies shifting their manufacturing plant in developing countries. The extensive population and potential growth for vehicles that enhance the market for tire-derived fuel in the Asia Pacific. The lack of infrastructure and relaxed environmental policies in MEA where European and North America countries export their tire piles in Saudi Arabia, Nigeria, Ukraine, and Argentina for dumping. The enormous availability of raw material can inflate the market of tire-derived fuel in MEA.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry