About the Report
The global refuse-derived fuel (RDF) market is anticipated to expand at a CAGR of around 3.5% over the forecast period of 2021-2031, with Europe leading this space by a long way.
Growing prerequisite of alternative fuels to avoid sole dependence on non-renewable energy sources has become an important buzz all across the globe. Refuse-derived fuel is a type of fuel derived from industrial, municipal, and other wastes. Selected wastes and byproducts with recoverable calorific value are used for the production of refuse-derived fuels, which serve the exact same purpose what mankind has continuously been thriving for.
Though the use of refuse-derived fuel is limited to very few end-use applications, dependency on fossil fuels can be compromised and implementation of waste to energy facilities is all set to see a brighter tomorrow. Growing demand from end-use industries and spread of refuse-derived fuel in other applications are contemplated to lodge the market for refuse-derived fuel to greater heights in the years to come.
Foremost upshot of the recently published revised report by Fact.MR on the refuse-derived fuel market is set to provide a detailed study of the market scenario, demand drivers, supply drivers, technological advancements, etc. The report also provides an elaborated taxonomy on key segments. The report drafts visionary insights on various market trends, along with the restraints, opportunities, and pricing analysis, including key success factors. This edition (2021-2031) brings readers up-to-date with key market developments, providing analysis on how manufacturers and other stakeholders are reacting to change. The study also expands on the previous competitive landscape section, and readers will get to know the key strategies of established players as well as new entrants.
Historical Trends Vs Future Market Projections
Over the period of 2016-2020, demand for refuse-derived fuel experienced a minimal CAGR of 2.6%, being braced by cement kiln end-use application. Rising demand for refuse-derived fuel from this end-use industry accounted in pushing the market to experience modest growth.
In the year 2020, COVID-19 had a very huge impact on the demand for refuse-derived fuel, especially in the 2nd and 3rd quarters. A prodigious decline in the consumption of refuse-derived fuel was witnessed owing to the shutdown of most end-use industries. Soon after lockdown restrictions were eased, the market started getting back on track.
In FY 2021, this market is expected to witness increased demand owing to end-use industries recovering from the COVID-19 impact. Demand for refuse-derived fuel is set to expand at a constant rate over the long-run forecast period, at a CAGR of around 3.5% through 2031.
What Makes the European Region Hold Huge Potential for Refuse-derived Fuel?
In Europe, refuse-derived fuel is being used for heat and power generation, contributing to the hierarchy set by European Union. Certificate enlistment, application of management schemes for quality in treating municipal solid waste, and producing fuel, coupled with new technological advancements in fuel production processes have enhanced public acceptance and encouraged effective resource utilization in industries.
Increasing conscience of industries to opt for eco-friendly fuels has boosted demand for refuse-derived fuel. However, refuse-derived fuel standardization in Southern Europe still needs to gradually increase where the market is still developing.
Why is Demand for Refuse-Derived Fuel Higher in the U.K. as compared to Other Countries?
The U.K. RDF market is estimated to capture around 20% share of the global in 2021. Standardized norms, application of certificates, along with inclination of public towards refuse-derived fuels backs the country to witness higher demand.
Belief of the public in the use of eco-friendly fuels and maintaining a clean environment has made it obvious for the U.K. to set up a large number of WFE plants due to the various refuse-derived fuel advantages, thus bolstering market growth in the country.
How is the Market for Refuse-derived Fuel Shaping Up in Brazil?
The market in Brazil is estimated to capture over 35% share in Latin America, and is set to witness huge growth by the end of 2031. The market here is mostly driven by demand from cement kilns, and same is anticipated to remain dominant till the end of the forecast period.
Moderate growth of end-use industries aligned with preference for waste to energy procedures charges the market in the country to expand at a solid 4.6% CAGR over the forecast period of 2021-2031.
What is Reason Behind Huge Change in Demand for Refuse-Derived Fuel in India?
Industrial revolution is one of the main reasons behind huge growth in demand for refuse-derived fuel in India. The other factor contributing to a massive change is the inclination of people towards incorporating ecofriendly fuels as alternatives for fossil fuels.
Inclination of end-use industries to use refuse-derived fuels sets the path clear for manufacturers of refuse-derived fuel in the country. It also bolsters in setting up new WFE plants, which opens avenues for new entrants and infuses a positive impact on the expanding market in India.
Which End-use Application Contributes to Highest Demand for Refuse-Derived Fuel?
Among the end-use applications considered, cement kilns account for over 56% of market value share. This end-use application is anticipated to sustain its presiding governance till the end of the forecast period.
In cement factories, refuse-derived fuel is mixed in different ratios with petrocoke to be used as a fuel in the production of cement. Emission values was among the most influencing factor to approve the use of refuse-derived fuel in cement factories. Success of refuse-derived fuel to meet the eligible criteria pushed it to be adopted by the cement industry, bolstering both, municipal and cement industries to taste economic and environmental benefits.
Why is Gasification Expected to Gain Traction Over the Coming Years?
Increasing R&D studies on refuse-derived fuel gasification is set to provide a thrust to the gasification application of RDF. Gasification of refuse-derived fuel using steam and air as gasifying agents is set to gain traction over the years to come.
Constant favorable outcomes of these studies on developing new gasification techniques using different gasifying agents and S/B ratios enables the production of syngas with varied percentages of hydrogen, carbon monoxide, carbon dioxide, methane, and others. This is anticipated to bolster demand for refuse-derived fuel as the years go by.
What are the Significant Barriers for Refuse-Derived Fuel Manufacturers?
Though there are many factors such as regulations and standardization of refuse-derived fuel technology that aid in flourishing the market, costs associated to procure fuel fraction with front-end processing restrains the market from witnessing greater deals. Also, unit yield of energy in refuse-derived fuel is observed to be lower, which contracts market growth to some extent.
Fact.MR has profiled the following prominent refuse-derived fuel (RDF) manufacturers in its report
- SUEZ Recycling and Recovery UK Ltd.
- Country Style Recycling Limited
- FCC Austria Abfall Service AG
- ESTRE AMBIENTAL INC.
- Carley Group Plc
- Mion Ventoltermica Depurazioni S.p.A
Historical Data Available for
US$ Mn for Value & Kilo Tons for Volume
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Key Questions Answered in Report
What are strategies adopted by key refuse-derived fuel manufacturers?
With the market being in the initial phase and gaining huge traction and adoption, key players are seeing wide openings and avenues to choose their strategy, which aids in achieving success and increasing dollar generation capability. Players with huge capital reserves are investing in developing new technologies for effective tracing of fuel fraction from municipal solid wastes. Rising demand for refuse-derived fuel for gasification is complementing the growth of market players across regions. Also, refuse-derived fuel potential production for co-combustion is gaining traction.
How will the market expand until 2031?
Fact.MR contemplates the RDF market to expand at a modest CAGR around 3.5% over the long-run forecast period (2021-2031). The market is gaining traction from various end-use industries due to growing awareness regarding a cleaner environment by reducing landfills and dependency on fossil fuels.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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Key Market Segments Covered in Report
- High Grade (>10 Mj/kg) Refuse-derived Fuel
- Low Grade (<10 Mj/kg) Refuse-derived Fuel
- Refuse-derived Fuel for Cement Kilns
- Refuse-derived Fuel for Co-Combustion
- Gasification of Refuse-derived Fuel
- Refuse-derived Fuel for CHP
- North America
- Latin America
- Middle East & Africa
Refuse-Derived Fuel Market- Scope of Report
A recently revised study by Fact.MR on the refuse-derived fuel market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of refuse-derived fuel.
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing refuse-derived fuel, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacity, demand, product developments, revenue generation, and sales of refuse-derived fuel across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of refuse-derived fuel during the forecast period. Price point comparison by region with global average price is also considered in the study.
Fact.MR has studied the refuse-derived fuel market with detailed segmentation on the basis of fuel type, application, and region.
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Analysis on Market Size Evaluation
The market has been analyzed for each market segment in terms of volume (KT) and value (US$ Mn).
Market estimates at global and regional levels for refuse-derived fuel are available in terms of “US$ Mn” for value and in “KT” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global refuse-derived fuel market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.
Country-specific valuation on demand for refuse-derived fuel has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value and volume for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of refuse-derived fuel, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of refuse-derived fuels has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the refuse-derived fuel market. Prominent companies operating in this space include SUEZ Recycling and Recovery UK Ltd., Renewi, Biffa, Country Style Recycling Limited, EcoUrja, FCC Austria Abfall Service AG, ESTRE AMBIENTAL INC., Veolia, Carley Group Plc, and Mion Ventoltermica Depurazioni S.p.A.
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