“Global Tire Derived Fuel market set to grow to $367m in 2019” says new Visiongain report

31 January 2019
Energy

Visiongain has launched a new energy report The Tire Derived Fuel (TDF) Market Forecast 2019-2029: Volume (Thousand Tons) & Revenue ($mn) Forecasts by Tire Type (Shredded and Whole Tire) and by End-Use (Cement, Pulp & Paper, Boiler, Other). Plus Analysis and Forecasts by Country and Forecasts by Leading Countries and Companies Involved in this Sector.

Tire Derived Fuel (TDF) facilities are considered to be plants that use scrap or misshapen tires which can then be either shredded or chipped to between 1 and 4 inches. The scrap tires can be collected from multiple sources, such as; manufacturers, retail partners, local councils and then can be moved on to be processed at various plants. After these tires have been shredded or chipped, the processed tires can be mixed with other fuels such as; coal, wood and chemical waste. These mixtures are then burned in concrete kilns, paper mills or can even be used in power plants. Due to a growing world population, this results in increased vehicle manufacture and usage, resulting in increased levels of waste tires and with climate change and energy policies coming to the forefront of politics, a use needs to be found for this waste while reducing emissions.

The Visiongain report analyst commented "The interest in tire derived fuel (TDF) is growing as an option for the sustainable management of waste tires. Population and waste growth will be the major drivers for the development of tire derived fuels and will primarily be seen in North America and Asia-Pacific. During the last decade or so, increased waste and outlook on environmental policy developed the need for a use for these waste tires as a source of fuel."

Leading companies featured in the report who are developing Tire Derived Fuel (TDF) facilities include Liberty Tire Recycling, Ragn-Sells Group, ResourceCo Pty, Lakin Tire West Inc., L&S Tire Company, Probio Energy International, Renelux Cyprus Ltd., Globarket Tire Recycling LLC and Emanuel Tire LLC.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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