Tyre Derived Fuel (TDF) Market

Global Industry Analysis (2017 - 2020) - Growth Trends and Market Forecast (2021 - 2025)

Published Date: Jan 2021 | Format: | No. of Pages: 158

Industry: Energy & Natural Resources | Author Name: Hrishikesh

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FAQ : Tyre Derived Fuel (TDF) Market

Year-on-year increase in scrap tyre generation, higher calorific value of tyres followed by lower NOx and CO2 emissions, and energy security through alternate fuel recovery is expected to remain the key driving factors for the global tyre derived fuel market. Collection rate of scrap tyres plays a key role in determining the management techniques of scrap tyres

There are large number of suppliers (whole/chipped tyres) available in the market. The top 5 players namely Ragn-Sells Group, Liberty Tyre Recycling, ResourceCo Pty Ltd., FRONT RANGE TIRE RECYCLING, and L & S Tyre company cumulatively accounted for more than 30% share of the market in 2020.

Asia Pacific dominated the market followed by Europe in 2019. Asia Pacific retains its dominance up to 2025, owing to high volume of scrap tyre generation each year. U.S., Japan, India, are the high potential market for TDF. China leads in terms of generation of scrap tyres each year, however, majority of scrap tyres are recycled to derive by-products.

Cement industry holds the lion’s share of the global TDF market. More than 50% of scrap tyres generated each year is utilized as TDF in/ by cement industries across the globe. Currently, cement-manufacturing companies use tyre derived fuel (TDF) to supplement their primary fuel for firing cement kilns.

The COVID-19 pandemic along with scrap tyre recycling market, impacted the entire value chain of end-of-life tyres (ELTs). Sudden halt in waste collection, segregation has affected the continuous supply of TDF to the end-users. Delays in procurement/supply of TDF in cement and other industries impacted the overall demand for TDF in 2020.
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