Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing study by
Infinium Global Research on refuse derived fuel market provides an in-depth
analysis of segments and sub-segments in the global as well as regional refuse
derived fuel market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional refuse derived fuel
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global refuse derived
fuel market. According to the report, the global refuse derived fuel market is
projected to grow at a significant CAGR over the forecast period of
2022-2028.
Refuse derived fuel (RDF) is
extracted from municipal solid wastes, and commercial wastes or industrial
wastes. The production of RDF can minimize the potential of methane emissions
in the atmosphere and minimize the pressure on landfills. The increasing demand
for RDF in waste-to-energy initiatives for electricity generation is projected
to propel the growth of the market during the forecast period. Additionally,
the enactment of stringent regulations regarding environmental issues over the
optimization of reducing non-renewable energy resources is projected to further
augment the growth of the refuse derived fuel market within the forecast
period. Furthermore, the use of RDF to reduce the CO2 emission by various
industry verticals has majorly driven the growth of the market.
One of the most significant growth
factors of the global refused derived fuel market is the objective of governments
witnessed recently – waste to molecule or chemicals from waste. Increasing the
use of fuel to reduce carbon emissions will majorly augment the market growth.
This fuel is highly used by the cement industry and by power generation plants.
Solid waste management programs across several economies around the world will
add fuel to the growth of the global refuse derived fuel market over the stated
forecast period. Government efforts, which are continually growing in this
direction, are a significant factor propelling growth within the market.
Furthermore, technological advancements and adoption would also play a
significant role in the growth of the market during the time period.
Furthermore, increasing prominence and government support will create lucrative
growth opportunities for the market. However, the high cost related to the
processing of the fuel will restrain the expansion of the market during the
forecast period.
Since the COVID-19 epidemic
affected the globe earlier in 2020, the disease has spread to each country
around the world. The Refuse Derived Fuel (RDF) industry has been impacted
severely by the continuing pandemic (Covid-19) crisis. In a very stressed-out
pandemic period, the worldwide refuse derived fuel market witnessed a de-acceleration
at its initial stage. The crisis-driven halt of production facilities,
suspension of shipments, and disruptions within the supply of raw materials has
resulted in poor adoption of this fuel, thus impacting the market’s growth
during the covid-19 pandemic. However, increased work-from-home
working style later in 2020 positively influenced the market growth during the
pandemic period.
The Europe region is anticipated
to carry a significant market share during the forecast period. In Europe,
refuse derived fuel is utilized for power generation, contributing to the
hierarchy set by global organizations. The increasing conscience of industries
to choose eco-friendly fuels has boosted the demand for refuse derived fuel. A
faster rate of growth, however, is going to be accounted for by the Asia
Pacific excluding Japan (APEJ) region. The most important factor of growth
within the region would be an improvement in the perception and adoption of EFW
as a source of bioenergy. The growth of the region is attributed to the
availability of waste from countries like Thailand, Bangladesh, and Indonesia
followed by India and China.
The report on the global refuse
derived fuel market covers segments such as fuel type, application, and waste
type. On the basis of fuel type, the sub-markets include high grade, and low
grade. On the basis of application, the sub-markets include cement plants, lime
plants, coal power plants, and others. On the basis of waste type, the
sub-markets include municipal solid waste, and industrial/commercial waste.
The report provides profiles of
the companies in the market such as Istac Inc., Biffa, Country Style Recycling
Limited, The Broad Group, ANDRITZ GROUP, Niramax Group Limited, ESTRE AMBIENTAL
INC., JFE Engineering Corporation, Tyrec Ltd., and Solvay.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of refuse derived fuel market. Moreover, the study highlights current
market trends and provides forecast from 2022-2028. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.