The global refuse derived fuel market was valued at USD XX million in 2017 and is expected to reach a valuation of approximately USD XX million by 2025, riding on the back of a strong CAGR of XX% during the forecast period. Refuse Derived Fuel refers to a broad term that can be used to refer to any fuel that is derived from processing the residual waste enabling it to be used in a process that is waste-to-energy process. It can also be used as an alternative to fossil fuels in several industrial thermal systems including kilns. Refuse derived fuel are majorly obtained from dry calorific fractions resulting from the residual sources of non-hazardous waste.
The global refuse derived fuel market is characterized by the presence of regional and global players which include Biffaplc., Geminor, Carey Group Plc, N&P Alternative Fuels, Andusia Recovered Fuels Limited, New Earth Solutions Group Ltd, FCC Environment Ltd, Shanks Waste Management Ltd, Greenway Waste Recycling Ltd., KoasDanismanlikve Makina San. Tic. Ltd., Sti. SITA UK Ltd, G.HÖFLE, LDA. KOGA GROUP, JFE Engineering America Inc., and Mach Tech Services among others.
Refuse Derived Fuel Market Key Segments:
On the basis of source:
On the basis of end-users:
Plasma arc gasification modules
On the Basis of Region:
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Middle East and Africa (MEA)
Rest of MEA
The global refuse derived fuel market is majorly been driven by primary factors which include escalated demand for cheaper oil, rising waste processing, and numerous government initiatives for development of processing infrastructure which. These factors are expected to bolster the market during the forecast period. Also, this fuel type has numerous benefits which include recovery of valuables, removal of hazardous materials, removal of inert components, and removal or drying of wet organic components which is anticipated to accelerate the growth of the overall market in the foreseeable years. However, obstacles such as high cost & prices related to the production of oil are anticipated to hamper the growth of the market during the forecast period.