Tire Derived Fuel Market to Observe Strong Development by 2025
The tire derived fuel is the oldest and one of the growing market worldwide. Tire derived fuel can be defined as the fuel that is manufactured from all types of scrap tires. The different types of tires mostly comprise whole tires or tires processed into uniform pieces that satisfy the requirements of end-users. The end-users includes cement manufacturing industry, pulp & paper industry, industrial boiler, etc. Cement kilns, pulp & paper mills, and the electronic industry utilize tire derived fuel as supplement to increase the boiler efficiency and decrease air emissions at lower cost.
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Globally, 300 million tires are scrapped, out of which 52% is consumed to manufacture tired derived fuel. Tired derived fuel has several advantages over traditional fuels. The United States Environment Protection Agency considers tire derived fuel as a fuel with high Btu-value, which helps lower emissions of the harmful gases and greenhouse gases. According to The Environment Protection Agency, proper emission controls are likely to help derive excessive fuel energy, which in turn is anticipated to help protect the environment from harmful gases. A few companies employ combustion systems, which include cement kilns. Cement kilns utilize whole tires for manufacturing fuel, while other systems require the tires to be processed to certain sizes to ensure material consistency. The tire derived fuel can be manufactured in two steps, namely, chipping/shredding and metal removal. In the first step, the tires are fed into a shredder or have beads removed prior to shredding, while the second step involves the reduction of size by metal and fiber separation.
Based on application, the global tire derived fuel market can be classified into cement manufacturing, pulp and paper industry, electric utilities, and industrial boilers. Cement manufacturing companies employ tire derived fuel to supplement their primary fuel for lightning the cement kilns. Tire derived fuel acts as an excellent supplement for to produce heat during cement kiln production. During the manufacturing of cement kiln, there is no emission of smoke, odor, from the fuel. Even the remaining ash is incorporated into the product, which helps manage waste during the manufacturing process. Tire derived fuel reduces the emission of smoke during the manufacturing of cement, paper, pulp, and electric utilities, as compared to other fuels. Tire derived fuel is also utilized in the manufacturing of pulp and paper. Pulp and paper manufacturers employ tire derived fuel as a supplement to primary fuel that is used in pulp mill boilers. The pulp and paper industry utilizes tire derived fuel on a large-scale to decrease fuel cost and improve emissions and combustion efficiency.
Based on geography, the global tired derived fuel market can be classified into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America and Europe are the major markets for tire derived fuel, due to the expansion of the cement and paper industry in these region. Companies that manufacture tired derived fuel in Asia Pacific and Latin America are increasing investments in research and development activities due to the fuel’s properties such as low emissions of harmful gases, which have led to higher demand for tire derived fuel in the Asia Pacific market.
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Major players operating in the global tire derived market are Lakin General Corporation, Liberty Tire Recycling, Probio Energy International, and AFS Technology. These companies hold a significant share of the market. Thus, the tire derived fuel market experiences intense competition.
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