Market Snapshot:
Solid recovered fuel is a high-quality alternative to fossil fuel produced from commercial waste such as card, paper, wood, textiles, and plastic. With a moisture content of less than 15%, solid recovered fuel has a high calorific value and is used in the facilities such as cement plants, lime plants, coal-fired power plants, and CHP, among others. In addition, one ton of coal is equivalent to approx. 1.5 tons of solid recovered fuel. Therefore, the low cost of SRF coupled with high calorific value is one of the key factor driving the growth of the market.The research analyst at AMA estimates Solid Recovered Fuel (SRF) market to grow at a compounded annual growth rate of 3.56%
Segment Analysis
AMA Research have segmented the market of Global Solid Recovered Fuel (SRF) market by Type, Application and Region. On the basis of Type, High Grade are dominating the market in the year 2020
On the basis of geography, the market of Solid Recovered Fuel (SRF) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2020.
Market Drivers
The Rising Demand for Fossil Fuel Alternatives Owing to CO2 Emissions, Growing Municipal and Industrial Wastes across the Globe and Low Cost of SRF Coupled with High Calorific Value
Opportunities
The Growth Opportunities from Emerging Economies
Restraints
- Stringent Government Regulations & Standards towards SRF Production and Use
In addition to the aforementioned factor, The Rising Demand for Fossil Fuel Alternatives Owing to CO2 Emissions
is expected to propel the growth of the market over the forecast period.
The key Manufacturers profiled in the study are Estre Ambiental Inc. (Brazil), Biffa plc (United Kingdom), Ecomondis (Ireland), Countrystyle Recycling Ltd. (United Kingdom), Renewi plc (United Kingdom), SUEZ SA (France), Veolia Environnement S.A (France), Carey Group Plc (United Kingdom), FCC Austria Abfall Service AG (Austria) and Ecourja (India). A lot of United Kingdom and France players are profiled in the research study indicating a strong market dependence.