PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1159468
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1159468
Solid Recovered Fuel Market Forecasts to 2028 - Global Analysis By Product (Low Grade: <10 MJ/Kg and High Grade: >10 MJ/Kg), Waste Type (Composite Waste, Recyclable Waste, Biodegradable waste and Inert Waste), Application and By Geography
According to Stratistics MRC, the Global Solid Recovered Fuel Market is accounted for $4.88 billion in 2022 and is expected to reach $6.69 billion by 2028 growing at a CAGR of 5.4% during the forecast period. Solid Recovered Fuels (SRF) are a subset of the more well-known family of Refuse-derived Powers (RDFs) that are made from non-hazardous waste streams. They vary from a generic RDF in that they are a fuel that complies with national or international standards. The residual waste left behind after all commodities and pollutants have been eliminated is used to create SRF. These paper, plastic, wood, and textile fibers and fragments have a high calorific value, low moisture content, and low chlorine content, making them a fantastic substitute for fossil fuels like coal and pet coke and an ideal environmentally friendly option.
According to data from International Energy Agency (IEA) total CO2 emissions resulting from energy consumption and industrial processes in 2021 stood at 36.2 Gt, while in 2015 the number was 34.6 Gt.
Market Dynamics:
Driver:
Adoption of secondary fuels
This market is driven by the high demand for secondary fuels made from waste across all industry sectors. For instance, industries like the production of cement and coal-fired power plants, where secondary fuels are used to replace fossil fuels like coal and petcoke, produce advantages such as reduced reliance on fossil fuels and reduced environmental effect. In addition, government agencies set policies for utilizing waste as secondary fuels to meet significant development. To put things in perspective, the Waste and Resource Action Program (WRAP) in the United Kingdom offers guidelines for the categorization and specification of secondary fuels, also known as Waste-Derived Fuel (WDF), which also serves as a catalyst for the market's expansion.
Restraint:
High cost associated with processing of SRF
There are hurdles to manufacturing SRF, such as the expensive capital necessary to set up pre-processing factories and the increased expense of collecting, sorting, and transporting solid waste. For example, Warwick Energy in the United Kingdom conducted a six-month briquetting study in conjunction with C.F. Nielsen presses. The majority of the test conducted by Warwick Energy used tiny diameter SRF-generating briquettes. In comparison to alternative technologies, such biomass, this led to greater capital and operational expenses to densify the solid recovered fuel.
Opportunity:
Ongoing intensive growth of incineration industry
Governments support the reduction/reuse of such wastes by treating them through the incineration industry, where the wastes are treated with high-temperature sustained incineration operations, in order to decrease pollution produced by such wastes. Facilities included in the waste management system, such as incineration plants, are involved in the need for SRF. On municipal properties, waste types utilized in SRF can also be recovered by incineration. The solid recovered fuel market will probably expand as a result of the increasing propensity for plant activities in important worldwide locations.
Threat:
Technical barriers
Technical obstacles, such as poor-quality solid waste and excessive moisture content, have a negative influence on the quality of SRF and its production rate in addition to cost. To create standards for SRF and its manufacturing process, the International Organization for Standardization (ISO) is working on this right now. This might be a crucial instrument for increasing the production of SRF as a secondary fuel and removing certain market obstacles brought on by the lack of a standard denomination and comparable ways to assess quality.
COVID-19 Impact
The impact of COVID-19 resulted in decreased waste generation and recycling rates in the commercial and industrial sectors. As a result, depending on the area, the volume and kind of waste generated during this pandemic may have increased or decreased. The causes are twofold: on the one hand, important institutions like companies and schools, which often produce big amounts of waste, have been shut down for a while. However, the COVID-19 epidemic did not result in a decrease in the production of home, medical, or agricultural waste for open companies.
The inert waste segment is expected to be the largest during the forecast period
The inert waste segment is estimated to have a lucrative growth, due to the significant use of dirt, rocks, and rubble in building and demolition waste. Inert waste is defined as waste that is not chemically or biologically reactive. These materials, which include a variety of polymeric wastes such plastic bottles, bags, ceramics, cans, styrofoam, outdated equipment, and containers, cannot be decomposed by nature. However, due to increased waste production from the building and demolition sector, it is anticipated that the inert waste type would maintain its leading position throughout the forecasted period for the solid recovered fuel market.
The cement plant segment is expected to have the highest CAGR during the forecast period
The cement plant segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the high demand for secondary fuel. In cement plants, solid recovered fuel (SRF) may replace up to 20% of the raw material intake. When compared to conventional fuels, the usage of SRF reduces emissions by roughly 15%, improving sustainability and lowering greenhouse gas (GHG) emissions. This assists cement plants in meeting their carbon footprint reduction objectives, particularly in shifting regulatory contexts across many regions.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to an increase in building activity, the demand for cement, the primary user of SRFs, has surged. Additionally, building and demolition waste generation, a significant waste source for SRFs, is also most likely to originate from these operations. The development of large industrial infrastructure as well as the rising demand for electricity attributes to the growth of the market.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the factors such as the existence of significant SRF producers and the rising move toward secondary fuel sources for energy generation have resulted in exchanges between key nations such as Germany, the United Kingdom, France, and other neighboring countries. A significant number of solid recovered fuel producers in this area will also contribute to growth.
Key players in the market
Some of the key players profiled in the Solid Recovered Fuel Market include Andusia Holdings Limited, Axion Ltd., Beauparc, BMH Technology, Biffa, Carey Group, Enva, Environnement Massif Central, FCC Austria Abfall Service AG, Geminor, Probio Energy International, Renelux Group, Veolia
Key Developments:
In April 2022, Andusia is delighted to announce signing a new contract with Enva Wood Recycling Ltd. The contract provides the transport of 20,000 tons of wood waste from Tilbury to Germany to be used as steam and power for a paper production plant. Andusia is delighted to be working with Enva Wood Recycling Ltd and exploring new trends as the demand for reclaimed wood across Europe is now higher than ever.
In June 2022, Veolia tendered the sales of Suez's U.K. waste business segment and continues to build the global pioneer of ecological transformation. The project focuses on an ecological transformation by bringing together Veolia and most of Suez's international activities. The merger has already proved to help add new skills, technologies, and regions. Additionally, it will speed up the execution of the strategic program Impact 2023, strengthen Veolia's international presence, and increase invocation capacity.
In December 2021, BMH Technology delivered a biomass fuel handling system to a Finland-based Sappi Kirkniemi Mill. The latest fuel handling system will lead the way for the existing boiler in line with current environmental goals as it tends to end the era of coal as a fuel. The boiler's future fuel supply comprises biomass, namely forest waste and bark.
In February 2021, Geminor opened a Baltic SRF stream, which includes the first load SRF bound for the Baltics. The new contract will send 10,000 tons of high-calorific German SRF for cement production in the Baltics. This was the first time Geminor exported its SRF from Germany to the region.
In September 2020, Beauparc Group expanded its reach in the U.K. market by acquiring LSS Waste Management. The LSS Waste Management has served customers across Yorkshire for over 36 years, offering them a total waste management solution. Employing around 100 people, the plant is allowed to process 350,000 tons of waste annually and has RDF offtake agreements across Europe and the U.K.
Products Covered:
- Low Grade: <10 MJ/Kg
- High Grade: >10 MJ/Kg
Waste Types Covered:
- Composite Waste
- Recyclable Waste
- Biodegradable waste
- Inert Waste
Applications Covered:
- Cement Plants
- Coal Fired Power Plants
- Combined Heat And Power (CHP)
- Lime Plants
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Solid Recovered Fuel Market, By Product
- 5.1 Introduction
- 5.2 Low Grade: <10 MJ/Kg
- 5.3 High Grade: >10 MJ/Kg
6 Global Solid Recovered Fuel Market, By Waste Type
- 6.1 Introduction
- 6.2 Composite Waste
- 6.3 Recyclable Waste
- 6.4 Biodegradable waste
- 6.5 Inert Waste
7 Global Solid Recovered Fuel Market, By Application
- 7.1 Introduction
- 7.2 Cement Plants
- 7.3 Coal Fired Power Plants
- 7.4 Combined Heat And Power (CHP)
- 7.5 Lime Plants
- 7.6 Other Applications
8 Global Solid Recovered Fuel Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Andusia Holdings Limited
- 10.2 Axion Ltd.
- 10.3 Beauparc
- 10.4 BMH Technology
- 10.5 Biffa
- 10.6 Carey Group
- 10.7 Enva
- 10.8 Environnement Massif Central
- 10.9 FCC Austria Abfall Service AG
- 10.10 Geminor
- 10.11 Probio Energy International
- 10.12 Renelux Group
- 10.13 Veolia
List of Tables
- Table 1 Global Solid Recovered Fuel Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Solid Recovered Fuel Market Outlook, By Product (2020-2028) ($MN)
- Table 3 Global Solid Recovered Fuel Market Outlook, By Low Grade: <10 MJ/Kg (2020-2028) ($MN)
- Table 4 Global Solid Recovered Fuel Market Outlook, By High Grade: >10 MJ/Kg (2020-2028) ($MN)
- Table 5 Global Solid Recovered Fuel Market Outlook, By Waste Type (2020-2028) ($MN)
- Table 6 Global Solid Recovered Fuel Market Outlook, By Composite Waste (2020-2028) ($MN)
- Table 7 Global Solid Recovered Fuel Market Outlook, By Recyclable Waste (2020-2028) ($MN)
- Table 8 Global Solid Recovered Fuel Market Outlook, By Biodegradable waste (2020-2028) ($MN)
- Table 9 Global Solid Recovered Fuel Market Outlook, By Inert Waste (2020-2028) ($MN)
- Table 10 Global Solid Recovered Fuel Market Outlook, By Application (2020-2028) ($MN)
- Table 11 Global Solid Recovered Fuel Market Outlook, By Cement Plants (2020-2028) ($MN)
- Table 12 Global Solid Recovered Fuel Market Outlook, By Coal Fired Power Plants (2020-2028) ($MN)
- Table 13 Global Solid Recovered Fuel Market Outlook, By Combined Heat And Power (CHP) (2020-2028) ($MN)
- Table 14 Global Solid Recovered Fuel Market Outlook, By Lime Plants (2020-2028) ($MN)
- Table 15 Global Solid Recovered Fuel Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 16 North America Solid Recovered Fuel Market Outlook, By Country (2020-2028) ($MN)
- Table 17 North America Solid Recovered Fuel Market Outlook, By Product (2020-2028) ($MN)
- Table 18 North America Solid Recovered Fuel Market Outlook, By Low Grade: <10 MJ/Kg (2020-2028) ($MN)
- Table 19 North America Solid Recovered Fuel Market Outlook, By High Grade: >10 MJ/Kg (2020-2028) ($MN)
- Table 20 North America Solid Recovered Fuel Market Outlook, By Waste Type (2020-2028) ($MN)
- Table 21 North America Solid Recovered Fuel Market Outlook, By Composite Waste (2020-2028) ($MN)
- Table 22 North America Solid Recovered Fuel Market Outlook, By Recyclable Waste (2020-2028) ($MN)
- Table 23 North America Solid Recovered Fuel Market Outlook, By Biodegradable waste (2020-2028) ($MN)
- Table 24 North America Solid Recovered Fuel Market Outlook, By Inert Waste (2020-2028) ($MN)
- Table 25 North America Solid Recovered Fuel Market Outlook, By Application (2020-2028) ($MN)
- Table 26 North America Solid Recovered Fuel Market Outlook, By Cement Plants (2020-2028) ($MN)
- Table 27 North America Solid Recovered Fuel Market Outlook, By Coal Fired Power Plants (2020-2028) ($MN)
- Table 28 North America Solid Recovered Fuel Market Outlook, By Combined Heat And Power (CHP) (2020-2028) ($MN)
- Table 29 North America Solid Recovered Fuel Market Outlook, By Lime Plants (2020-2028) ($MN)
- Table 30 North America Solid Recovered Fuel Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 31 Europe Solid Recovered Fuel Market Outlook, By Country (2020-2028) ($MN)
- Table 32 Europe Solid Recovered Fuel Market Outlook, By Product (2020-2028) ($MN)
- Table 33 Europe Solid Recovered Fuel Market Outlook, By Low Grade: <10 MJ/Kg (2020-2028) ($MN)
- Table 34 Europe Solid Recovered Fuel Market Outlook, By High Grade: >10 MJ/Kg (2020-2028) ($MN)
- Table 35 Europe Solid Recovered Fuel Market Outlook, By Waste Type (2020-2028) ($MN)
- Table 36 Europe Solid Recovered Fuel Market Outlook, By Composite Waste (2020-2028) ($MN)
- Table 37 Europe Solid Recovered Fuel Market Outlook, By Recyclable Waste (2020-2028) ($MN)
- Table 38 Europe Solid Recovered Fuel Market Outlook, By Biodegradable waste (2020-2028) ($MN)
- Table 39 Europe Solid Recovered Fuel Market Outlook, By Inert Waste (2020-2028) ($MN)
- Table 40 Europe Solid Recovered Fuel Market Outlook, By Application (2020-2028) ($MN)
- Table 41 Europe Solid Recovered Fuel Market Outlook, By Cement Plants (2020-2028) ($MN)
- Table 42 Europe Solid Recovered Fuel Market Outlook, By Coal Fired Power Plants (2020-2028) ($MN)
- Table 43 Europe Solid Recovered Fuel Market Outlook, By Combined Heat And Power (CHP) (2020-2028) ($MN)
- Table 44 Europe Solid Recovered Fuel Market Outlook, By Lime Plants (2020-2028) ($MN)
- Table 45 Europe Solid Recovered Fuel Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 46 Asia Pacific Solid Recovered Fuel Market Outlook, By Country (2020-2028) ($MN)
- Table 47 Asia Pacific Solid Recovered Fuel Market Outlook, By Product (2020-2028) ($MN)
- Table 48 Asia Pacific Solid Recovered Fuel Market Outlook, By Low Grade: <10 MJ/Kg (2020-2028) ($MN)
- Table 49 Asia Pacific Solid Recovered Fuel Market Outlook, By High Grade: >10 MJ/Kg (2020-2028) ($MN)
- Table 50 Asia Pacific Solid Recovered Fuel Market Outlook, By Waste Type (2020-2028) ($MN)
- Table 51 Asia Pacific Solid Recovered Fuel Market Outlook, By Composite Waste (2020-2028) ($MN)
- Table 52 Asia Pacific Solid Recovered Fuel Market Outlook, By Recyclable Waste (2020-2028) ($MN)
- Table 53 Asia Pacific Solid Recovered Fuel Market Outlook, By Biodegradable waste (2020-2028) ($MN)
- Table 54 Asia Pacific Solid Recovered Fuel Market Outlook, By Inert Waste (2020-2028) ($MN)
- Table 55 Asia Pacific Solid Recovered Fuel Market Outlook, By Application (2020-2028) ($MN)
- Table 56 Asia Pacific Solid Recovered Fuel Market Outlook, By Cement Plants (2020-2028) ($MN)
- Table 57 Asia Pacific Solid Recovered Fuel Market Outlook, By Coal Fired Power Plants (2020-2028) ($MN)
- Table 58 Asia Pacific Solid Recovered Fuel Market Outlook, By Combined Heat And Power (CHP) (2020-2028) ($MN)
- Table 59 Asia Pacific Solid Recovered Fuel Market Outlook, By Lime Plants (2020-2028) ($MN)
- Table 60 Asia Pacific Solid Recovered Fuel Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 61 South America Solid Recovered Fuel Market Outlook, By Country (2020-2028) ($MN)
- Table 62 South America Solid Recovered Fuel Market Outlook, By Product (2020-2028) ($MN)
- Table 63 South America Solid Recovered Fuel Market Outlook, By Low Grade: <10 MJ/Kg (2020-2028) ($MN)
- Table 64 South America Solid Recovered Fuel Market Outlook, By High Grade: >10 MJ/Kg (2020-2028) ($MN)
- Table 65 South America Solid Recovered Fuel Market Outlook, By Waste Type (2020-2028) ($MN)
- Table 66 South America Solid Recovered Fuel Market Outlook, By Composite Waste (2020-2028) ($MN)
- Table 67 South America Solid Recovered Fuel Market Outlook, By Recyclable Waste (2020-2028) ($MN)
- Table 68 South America Solid Recovered Fuel Market Outlook, By Biodegradable waste (2020-2028) ($MN)
- Table 69 South America Solid Recovered Fuel Market Outlook, By Inert Waste (2020-2028) ($MN)
- Table 70 South America Solid Recovered Fuel Market Outlook, By Application (2020-2028) ($MN)
- Table 71 South America Solid Recovered Fuel Market Outlook, By Cement Plants (2020-2028) ($MN)
- Table 72 South America Solid Recovered Fuel Market Outlook, By Coal Fired Power Plants (2020-2028) ($MN)
- Table 73 South America Solid Recovered Fuel Market Outlook, By Combined Heat And Power (CHP) (2020-2028) ($MN)
- Table 74 South America Solid Recovered Fuel Market Outlook, By Lime Plants (2020-2028) ($MN)
- Table 75 South America Solid Recovered Fuel Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 76 Middle East & Africa Solid Recovered Fuel Market Outlook, By Country (2020-2028) ($MN)
- Table 77 Middle East & Africa Solid Recovered Fuel Market Outlook, By Product (2020-2028) ($MN)
- Table 78 Middle East & Africa Solid Recovered Fuel Market Outlook, By Low Grade: <10 MJ/Kg (2020-2028) ($MN)
- Table 79 Middle East & Africa Solid Recovered Fuel Market Outlook, By High Grade: >10 MJ/Kg (2020-2028) ($MN)
- Table 80 Middle East & Africa Solid Recovered Fuel Market Outlook, By Waste Type (2020-2028) ($MN)
- Table 81 Middle East & Africa Solid Recovered Fuel Market Outlook, By Composite Waste (2020-2028) ($MN)
- Table 82 Middle East & Africa Solid Recovered Fuel Market Outlook, By Recyclable Waste (2020-2028) ($MN)
- Table 83 Middle East & Africa Solid Recovered Fuel Market Outlook, By Biodegradable waste (2020-2028) ($MN)
- Table 84 Middle East & Africa Solid Recovered Fuel Market Outlook, By Inert Waste (2020-2028) ($MN)
- Table 85 Middle East & Africa Solid Recovered Fuel Market Outlook, By Application (2020-2028) ($MN)
- Table 86 Middle East & Africa Solid Recovered Fuel Market Outlook, By Cement Plants (2020-2028) ($MN)
- Table 87 Middle East & Africa Solid Recovered Fuel Market Outlook, By Coal Fired Power Plants (2020-2028) ($MN)
- Table 88 Middle East & Africa Solid Recovered Fuel Market Outlook, By Combined Heat And Power (CHP) (2020-2028) ($MN)
- Table 89 Middle East & Africa Solid Recovered Fuel Market Outlook, By Lime Plants (2020-2028) ($MN)
- Table 90 Middle East & Africa Solid Recovered Fuel Market Outlook, By Other Applications (2020-2028) ($MN)
