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LONDON, Feb. 9, 2021 /PRNewswire/ Fairfield Market Research s latest report studies the global tyre-derived fuel market as the world looks at turning waste to energy. The report estimates that one billion scrap tyres are generated and another four billion are added to the stockpile each year. According to the report, the
global tyre-derived fuel (TDF) market was worth US$365.1 Mn in 2019 and is expected to reach US$430.3 Mn by 2025. The growing sentiment towards utilizing greener energies is creating the demand for tyre-derived fuel, predict analysts.
Economical and Affordable Characteristics to Fuel Market Growth
Tyre-derived fuel is less expensive than conventional fuel. The sheer size of the tyre waste generated on a daily basis is incentive enough for major players in this market not only to invest in the scalability but also to satiate the increasing usage in the coming years. No prerequisite of exploration makes tyre-derived fuel fa