Demand For Refuse-Derived Fuel Is Set To Expand At A Constant Rate Over The Long-Run Forecast Period 2021-2031

Demand for refuse-derived fuel is observed in a wide spectrum of peculiar WtE facilities (waste to energy), where production of electricity and heat energy for commercial purposes is done using low-calorific value refuse-derived fuel. Refuse-derived fuel demand is mostly observed in European countries, making the region account for nearly 60% of the global market share. Key actors present in this region involve themselves in developing effective production methods and processes to meet the rising demand from various end-use industries.

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In 2020, the market for refuse-derived fuel observed a contraction of 1.5%. However, the industry is set to get back on track by Q2 of 2021, and things looks brighter for the years ahead.

As per Fact.MR’s report, the refuse-derived fuel market is estimated to be valued at US$ 2.2 Bn in 2021, and is anticipated to expand at a CAGR of around 3.5% over the forecast period of 2021-2031.

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Key Takeaways from Market Study

• The global market is expected to grow 1.4X in value by the end of 2031
• Europe is anticipated to be a presiding region and this regional market is expected to progress at a CAGR of over 3% through 2031.
• Considering the types of fuel, low grade (<10 Mj/kg) is anticipated to gain 319 BPS through the forecast period.
• Cement kiln, under refuse-derived fuel application, captures a larger chunk of the market share and is expected to progress at a CAGR of close to 4% over the next ten years.
• The market in the United Kingdom is anticipated to gain 217 BPS and expand at a CAGR of close to 4% through 2031.

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Key Market Segments Covered in Report

• Fuel Type

  • High Grade (>10 Mj/kg) Refuse-derived Fuel
  • Low Grade (<10 Mj/kg) Refuse-derived Fuel

• Application

  • Refuse-derived Fuel for Cement Kilns
  • Refuse-derived Fuel for Co-Combustion
  • Gasification of Refuse-derived Fuel
  • Refuse-derived Fuel for CHP
  • Others

Key Country-wise Inclusions

• US Refuse Derived Fuel Market
  • Canada Refuse Derived Fuel Market Sale
  • Germany Refuse Derived Fuel Market Production
  • UK Refuse Derived Fuel Market Industry
  • France Refuse Derived Fuel Market
  • Spain Refuse Derived Fuel Market Supply-Demand
  • Italy Refuse Derived Fuel Market Outlook
  • Russia & CIS Market Analysis
  • China Refuse Derived Fuel Market Intelligence
  • India Refuse Derived Fuel Market Demand Assessment
  • Japan Refuse Derived Fuel Market Supply Assessment
  • ASEAN Refuse Derived Fuel Market Scenario
  • Brazil Refuse Derived Fuel Market Sales Analysis
  • Mexico Refuse Derived Fuel Market Sales Intelligence

 Crucial insights in the Refuse Derived Fuel Market  research:

• Underlying macro- and microeconomic factors impacting the growth of the Refuse Derived Fuel Market Basic overview of the Refuse Derived Fuel Market including market definition, classification, and applications.
• Scrutinization of each Refuse Derived Fuel Market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend of Refuse Derived Fuel Market across various industries.
• Important regions and countries offering lucrative opportunities to Refuse Derived Fuel Market stakeholders.

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