The tire-derived fuel market is estimated to grow at a compound annual growth rate (CAGR) of 3.7% during the forecast period, with a global market value of USD 390.2 million in 2022. It is utilized in utility and electric boilers, pulp and paper mills, and cement kilns. The market's notable expansion can be ascribed to the swift industrialization process. Environmentally friendly alternative energy is used in many enterprises; the market is expanding because to rising demand for chipped tires as fuel sources.
It is becoming more popular because of its potential for energy recovery and waste tire management. The market is expanding as a result of factors like environmental concerns, regulatory laws, and the need for alternative fuels in sectors like cement manufacturing.

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Growth Drivers
The market for fuel made from tires is growing as more people look for environmentally friendly ways to dispose of their old tires. Cement kilns and other energy-intensive operations can benefit from the alternative fuel source provided by tire-derived fuel, which is highly sought after due to its high energy content. When compared to conventional options, it is a more affordable fuel source, which appeals to enterprises trying to control costs without sacrificing sustainability.
TDF is a desirable alternative since enterprises are being encouraged to embrace eco-friendly operations by the increased awareness of environmental issues. The TDF market as a means of recycling old tires is growing as sustainable waste management solutions become more and more important. The primary reasons propelling the growth of this market are environmental concerns.
Segmentation
By Tire Source
· Light Motor Vehicles
· Heavy Duty Vehicles
· Motorcycle
· Aircrafts
· Bicycle
· Others
By Type
· Shredded Tyre
· Whole Tyre
By Application
· Cement Industries
· Power Plants
· Pulp and Paper Mills
· Others
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Europe
· Middle East and Africa
Key Players
· Ragn-Sells Group
· Liberty Tire Recycling
· Resource Co
· Lakin Tire West
· Renelux Cyprus
· Tire Disposal and Recycling
· West Coast Rubber Recycling
· Globarket Tyre Recycling
· Emanuel Tire
· Other Players
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