Waste-Derived Fuel Market Is Projected To Register A CAGR Of 3% By 2029

The impact of the COVID-19 outbreak has forced many manufacturers and industries to reconsider their operations to gradually recover from losses they will incur over the next few years. The organic chemical industry suffered major setbacks due to production cessation and restrictions on the supply of raw materials.

This report provides  actionable and valuable market insights for Refuse Derived Fuel.  The latest report from Fact.MR provides details on the current market scenario in various regions along with historical data and forecasts of the market. The report also includes information on sales and demand of the Waste Derived Fuels market across various industries and regions.

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Market research conducted by Fact.MR provides exclusive information on how the market will grow. The study identifies important trends determining the growth of the Waste Derived Fuels market. This newly published report sheds light on important dynamics such as drivers, restraints and opportunities for key market players and emerging players involved in production and supply. The latest report from Fact.MR offers a detailed market analysis of waste-derived fuels.

This newly published and insightful report sheds light on the Market Insights of Waste Derived Fuels, key dynamics, their impact on the entire value chain from suppliers to end users, and growth of the Waste Derived Fuels market .

Governments around the world have already begun to highlight their waste to energy (WtE) potential, leveraging waste that abuses landfills to create fuels that serve as feed for numerous applications. Adoption of waste-derived fuels will benefit from growing WtE facilities, along with government initiatives to reduce plastic waste and carbon emissions. As pressures on landfills continue to increase, the future points to the development of mega-capacity WtE power plants worldwide, driving demand for waste-derived fuels while creating sustainable ecosystems.

The study says it will see significant growth as global interest in waste-derived fuels gains momentum as a viable option for sustainable energy. Due to the rapid urbanization and increase in waste from industrialization, the government has focused on waste management frameworks. In addition, the push towards clean energy sources and reduced reliance on landfills will continue to favor WtE facilities, creating demand for waste-derived fuels.

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Cement kilns – major beneficiaries of waste fuel

According to the study, the stakeholders of the market are focusing on exploring the scope of application of waste-derived fuels. However, the use for joint processing of cement kilns is expected to account for ~60% of the market share. The energy-intensive nature of cement kiln production has prompted the search for viable alternatives to conventional fossil fuels, such as waste-derived fuels.

The impetus for alternatives to fossil fuels is clear in the production of cement kilns and clinker, driven by government initiatives to use residential and industrial waste for bioenergy production. The requirement for alternative fuels and raw materials has supplemented the urgent need for waste-derived fuels as kiln feed. Waste-derived fuels provide an important opportunity to improve the heat replacement rate of cement kilns while achieving adequate and consistent calorific value for firing cement kilns.

Europe remains lucrative for stakeholders while there are plenty of opportunities for APEJ.

According to the study, Europe’s profitability for the stakeholders in the waste-derived fuels market will continue. The region is estimated to account for ~60% sales of waste-derived fuels in 2019, and the status quo is expected to prevail in the near future. Europe’s dominance in the waste-derived fuels market is supported by the presence of large co-processing plants and strong internal trade in waste-derived fuels.

The study believes that opportunities are imminent in the developing world of the APEJ as governments embark on initiatives to promote waste management and derivative fuels as an alternative to fossil fuels used as feed in the cement processing and power generation industries. As waste energy becomes an essential bioenergy source in the APEJ, the local government is promoting the establishment of WtE plants while encouraging stakeholders to adopt best practices for the production of waste-derived fuels.

The waste-derived fuel environment continues to witness corporate trends towards strategies including collaboration, business expansion and joint ventures to increase engagement at various nodes in the value chain. Research shows that long-term investments by stakeholders in existing markets will yield measurable returns, but success rates are still expected to be slow. In contrast, long-term investments by stakeholders in developing markets are expected to yield average returns, while success rates will remain high.

This study provides a long-term perspective on the waste-derived fuel environment for the period 2019-2029. The waste-derived fuel market is projected to register a CAGR of ~3% by 2029.

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A more valuable insight into the Waste Derived Fuels Market

Fact.MR provides an unbiased market analysis of waste-derived fuels, sales and demand by analyzing forecast statistics through 2019 and beyond in a new report. This study presents growth prospects based on various criteria.

For more information – https://www.newswire.co.kr/newsRead.php?no=941361

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