Tire Derived Fuel Market Size, Share and Global Trend By Tire Source (Light Motor Vehicles, Heavy Duty Vehicles, Motorcycles, Aircrafts, Bicycles), By Type (Cement Industry, Power Plants, Pulp & paper mills, Utility Boilers), By Application and Regional Forecast, 2024-2032

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.

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.

KEY PLAYERS COVERED

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.

SEGMENTATION

REGIONAL ANALYSIS

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.

KEY INDUSTRY DEVELOPMENTS

• In April 2019, Liberty Tire Recycling removed about 13,540 tons of scrap tires in a 32-week period as a clean-up drive in Charleston area and the company said to use tire piles in landscaping, paving and other uses.
• In March 2019, East Kentucky Power Cooperative’s Spurlock Station utilizing around 2.4 million tires to make energy for more than 1 million residents. The tire piles will be used with coal to increase the efficiency of two power plants.
• In May 2018, 60 thousand tonnes of tire waste is generated in New Zealand each and Auckland recycling plant will facilitate tire waste into fuel which will be used in cement plants.