Solid Recovered Fuel Market Size of USD 6.00 Billion,

Pune, India, Nov. 23, 2022 (GLOBE NEWSWIRE) — The global solid recovered fuel market size is expected to grow from US$ 4.75 billion in 2022 and is expected to reach US$ 6.00 billion by 2029, exhibiting a CAGR of 3.4% during the forecast period of 2022-2029. This information is provided by Fortune Business Insights in their report titled “Solid Recovered Fuel Market, 2022-2029.”

According to our analysts, the constant development of the combustion industry will drive the growth of the global solid recovered fuel market. Asia Pacific will hold a dominant share supported by significant use of solid recovered fuels.

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Highlights of the report:

Report coverage Details
Forecast period 2022-2029
Forecast period 2022 to 2029 CAGR 3.4%
2029 Value Projection US$ 6.00 billion
Base year 2021
Market size in 2021 4.63 billion US dollars
Historical data for 2018-2020
Number of pages 195
Covered segments By type of waste (biodegradable waste, recyclables, inert waste and composite waste), by application (cement kiln, electricity and heat) and regional
Engines of growth

The continuous and intense market growth is driven by the incineration industry
Production unit closures and supply chain disruptions to slow growth amid pandemic

Impact of COVID-19

Production unit closures and supply chain disruptions to slow growth amid pandemic

Nearly 5% more garbage was thrown away in 2021 as a result of the recovery of economic activity and the restart of businesses and social movements, and about 20% more waste was recycled.

As a result, depending on the area, garbage generation had the potential to increase or decrease during this pandemic. Important institutions, such as businesses and schools, which often produce large amounts of garbage, were closed for a time.

To learn more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/solid-recovered-fuel-market-101463

Guides and Limiters

The continuous and intense market growth is driven by the incineration industry

The main source of solid recovered fuel (SRF) is commercial waste, which includes paper, cards, wood, textiles and plastics. Production facilities can use it as a supplement or substitute for thermal coal with little or no change to their solid fuel systems.

The production of effects from the expanding use of various materials, including plastics, wood and textiles, has increased significantly over time.

Industry development

April 2022: Andusia is pleased to announce the signing of a new contract with Enva Wood Recycling Ltd. The contract involves the transport of 20,000 tonnes of wood waste from Tilbury to Germany to be used as steam and power for a paper mill. Andusia is delighted to be working with Enva Wood Recycling Ltd and exploring new trends as the demand for recycled wood across Europe is higher than ever.

June 2022: Veolia has proposed the sale of Suez’s waste business segment in the UK and plans to build the global pioneer of biological change. The project emphasizes environmental transformation by bringing together Veolia and most of Suez’s international activities.

June 2019: BMH Technology, a clean technology company based in Finland, announced that it has signed a new contract to provide a two-line plant for the production of Tyrannosaurus solid reconstituted fuel to Six Construct Ltd. Co. located in UAE. This will turn local waste into premium quality standardized fuel. According to the company, the production capacity of the plant will be over 300,000 tons per year. It will mainly supply domestic cement kilns with solid recovered fuel by replacing fossil fuels. The contract is worth 23.5 million euros.

July 2018: Enva, a UK-based provider of water and laboratory services, has announced that it has acquired GP Green Recycling, an organic waste recovery company, based in South Lanarkshire. According to Enva officials, GP Green Recycling produces high quality soil conditioner and organic compost with a wide range of applications. It gradually turns waste material into a valuable product. This acquisition will help Enva gain the ability to accelerate and support future developments of GP solutions.

List of key players mentioned in the report:

  • Veolia (France)
  • Enva (Ireland)
  • Renelux Group (Greece)
  • Gemini (Norway)
  • Bopar (Dublin)
  • Axion Ltd. (Cheshire)
  • BMH Technology (Finland)
  • Andusia Holdings Limited (England)
  • CENTRAL MASS ENVIRONMENT (France)
  • Probio Energy International (England)

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Segmentation

Inert waste accounts for the dominant market share due to increasing amount of construction waste

On the basis of waste type, the market is segmented into biodegradable materials, recyclable materials, composite waste, and inert waste. The inert waste segment is likely to hold a dominant market share due to high consumption of construction and demolition waste, dirt, rock and debris.

The cement industry is among the leading energy-intensive industries, which is why it has a dominant share

The demand for solid recovered fuel worldwide falls in energy-intensive industries such as cement and thermal power plants, which use secondary fuels as substitutes for fossils, which means a benefit both in terms of less dependence on fossil fuels and a lower impact on environment.

Geographically, the global market is finally classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Regional insights

Inert waste accounts for the dominant market share due to increasing amount of construction waste

On the basis of waste type, the market is segmented into biodegradable materials, recyclable materials, composite waste, and inert waste. The inert waste segment is likely to hold a dominant market share due to high consumption of construction and demolition waste, dirt, rock and debris.

The cement industry is among the leading energy-intensive industries, which is why it has a dominant share

The demand for solid recovered fuel worldwide falls in energy-intensive industries such as cement and thermal power plants, which use secondary fuels as substitutes for fossils, which means a benefit both in terms of less dependence on fossil fuels and a lower impact on environment.

The competitive environment

Important business announcements from key players to influence market dynamics

Fundamental companies in the market often make important announcements about some business moves, which in turn affect the market positively or negatively. Players acquire companies, launch new products, engage in partnership deals, sign contracts with government organizations, and so on.

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Global Solid Recovered Fuel Market Size Segmentation:

By type of waste

  • Biodegradable waste
  • Recyclable waste
  • Inert waste
  • Composite waste

Through an app

  • Cement kiln
  • Heat
  • Electricity

Content

  • Introduction
    • Scope of the study
    • Market segmentation
    • research methodology
    • Definitions and assumptions
  • Executive summary
  • Market dynamics
    • Market drivers
    • Market restrictions
    • Market opportunities
  • Key insights
    • Key emerging trends – for major countries
    • Key developments: mergers, acquisitions, partnerships, etc
    • Recent technological advances
    • Insights into the regulatory landscape
    • Porters Five Forces Analysis
  • Qualitative Analysis – Impact of COVID19
    • Impact of COVID-19 on the solid reconstituted fuel market
    • Steps taken by the government to address the impact
    • Key industry developments in response to COVID-19
    • Potential opportunities and challenges due to the outbreak of COVID-19
  • Global Solid Recovered Fuels Market (USD Billion), Analysis, Insights and Forecast, 2018-2029.
    • Key findings
    • Market Analysis, Insights and Forecasts – By Waste Type
      • Biodegradable material
      • Recyclable material
      • Inert waste
      • Composite waste
    • Market Analysis, Insights and Forecasts – By Application
      • Cement kiln
      • Heat
      • Electricity
    • Market analysis, insights and forecasts – by region
      • North America
      • Europe
      • Asia and the Pacific
      • Latin America
      • Middle East and Africa
  • North America Solid Recovered Fuel Market Analysis, Insights and Forecast (USD Billion), 2018-2029.
    • Key findings
    • Market Analysis, Insights and Forecasts – By Waste Type
      • Biodegradable material
      • Recyclable material
      • Inert waste
      • Composite waste
    • Market Analysis, Insights and Forecasts – By Application
      • Cement kiln
      • Heat
      • Electricity
    • Market analysis, insights and forecasts – by country

To be continued…

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