The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.
The report offers actionable and valuable market insights of Refuse Derived Fuel. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Refuse Derived Fuel Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Refuse Derived Fuel market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Refuse Derived Fuel
This newly published and insightful report sheds light on Market Insights of Refuse Derived Fuel, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Refuse Derived Fuel Market.
Governments across the globe have already commenced emphasizing the waste-to-energy (WtE) potential of their country, exploiting garbage that otherwise abuse landfills, to create fuel that serve as feed in myriad applications. Refuse-derived fuel adoption will benefit from growing number of WtE facilities abreast government initiatives toward reducing plastic waste and carbon emissions. As the pressure on landfill continues to grow, the future points at development of mega capacity WtE plants worldwide, driving demand for refuse-derived fuel while creating sustainable ecosystems.
The study opines that the global interest in refuse-derived fuel will see a considerable growth, as it gains momentum as viable option for sustainable energy. Greater levels of waste ensued from rapid urbanization and industrialization, have led the focus of governments on waste management frameworks. Additionally, the push for clean energy sources and reducing dependency on landfills will continue to favor WtE establishments, thereby creating demand for refuse-derived fuel.
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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
- 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
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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.
“Refuse-derived fuel is anticipated to reduce dependency on crude oil over the long run,” says a Fact.MR analyst.
Key actors in the market are using the organic approach to take advantage of the opportunities on offer by investing in research & development of new technologies. The future objectives of economies across the world are to develop alternatives for non-renewable sources and make use of waste to produce chemicals.
Market players in the European region are focusing on strengthening their position owing to the legislations being in favor and availability of technological vigor. Some players are inclining their interests to adopt strategies such as forming joint ventures and collaboration to increase their revenue generation capacity and involvement in the global value chain.
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