Solid Recovered Fuel Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Solid Recovered Fuel Market
The solid recovered fuel market size was valued at USD 4.63 billion in 2021, and the market is now projected to grow from USD 4.75 billion in 2022 to USD 6.0 billion by 2029, exhibiting a CAGR of 3.4% during the forecast period of 2022-2029.
The influence of COVID-19 lead to lesser waste generation and reprocessing rates from the commercial and industrial sectors due to end of workshops. The pickup in economic action and continuation of business and social activities have led to almost 5% in waste discarding, and around 20% of waste was reprocessed. Consequently, during this pandemic, it has been likely for the amount and type of waste generation to upsurge or decline depending on the locality.
SRF is formed largely from commercial waste, comprising paper, cards, wood, textiles, and plastics. It acts as an enhancement or replacement to thermal coal and can be used by making facilities with slight or no alteration in their solid fuel systems. The demand for SRF includes amenities that fall into the waste management system, comprising incineration plants. Waste type used in SRF can also be improved through ignition on municipal sites. The rising preference toward plant activities across key areas universally will probable drive the solid recovered fuel market growth.
Dealing waste appropriately is vital for building viable and liveable cities, but it remains challenging for numerous emerging countries and towns. Effective waste management is costly and often embraces 20%–50% of municipal costs. Recycling waste is one of the most operative ways of decreasing waste. Recycling inhibits the remains of potentially beneficial materials and decreases the consumption of new raw materials, thus reducing energy, air, and water contamination. The recycling of waste material is becoming progressively popular.
Comprehensive Analysis of Solid Recovered Fuel Market
The market can be segmented in various ways, depending on the focus of analysis such as by waste type, by application and by distribution channel. Based on waste type, the market is segmented into biodegradable material, recyclable type material, composite waste, and inert waste. Based on application, cement kiln, heat, electricity.
Asia Pacific region is dominating the solid recovered fuel market share due to growing construction doings, surging the demand for the cement industry which is the key consumer for SRFs.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Veolia (France), Enva (Ireland), Renelux Group (Greece), Geminor (Norway), Beauparc (Dublin), Axion Ltd. (Cheshire), BMH Technology (Finland), Andusia Holdings Limited (England), ENVIRONNEMENT MASSIF CENTRAL (France), Probio Energy International (England) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In April 2022, Andusia is pleased to declare signing a novel contract with Enva Wood Recycling Ltd. The contract delivers the transport of 20,000 tons of wood waste from Tilbury to Germany to be used as steam and power for a paper making plant. Andusia is pleased to be operational with Enva Wood Recycling Ltd and exploring novel developments as the demand for reclaimed wood across Europe is now higher than ever.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2018-2020
Unit
Value (USD Billion)
Segmentation
By Waste Type, Application, and Region
Segmentation
By Waste Type
Biodegradable Waste
Recyclable Waste
Inert Waste
Composite Waste
By Application
Cement Kiln
Heat
Electricity
By Region
North America (By Waste Type, Application, and Country)
- U.S.
- Canada
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- China
- India
- Japan
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Brazil
- Mexico
- Rest of Latin America
- GCC
- South Africa
- Rest of Middle East & Africa
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions & Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Mergers, Acquisition, Partnerships, etc
- 4.3. Latest Technological Advancement
- 4.4. Insight on Regulatory Landscape
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Analysis – Impact of COVID19
- 5.1. Impact of COVID-19 on the Solid Recovered Fuel Market
- 5.2. Steps Taken by the Government to Overcome the Impact
- 5.3. Key Developments in the Industry in Response to COVID-19
- 5.4. Potential Opportunities and Challenges due to COVID-19 Outbreak
- 6. Global Solid Recovered Fuel Market (USD Billion) Analysis, Insights, and Forecast, 2018-2029
- 6.1. Key Findings
- 6.2. Market Analysis, Insights and Forecast – By Waste Type
- 6.2.1. Biodegradable Material
- 6.2.2. Recyclable Material
- 6.2.3. Inert Waste
- 6.2.4. Composite Waste
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Cement Kiln
- 6.3.2. Heat
- 6.3.3. Electricity
- 6.4. Market Analysis, Insights and Forecast – By Region
- 6.4.1. North America
- 6.4.2. Europe
- 6.4.3. Asia Pacific
- 6.4.4. Latin America
- 6.4.5. Middle East & Africa
- 7. North America Solid Recovered Fuel Market (USD Billion) Analysis, Insights, and Forecast, 2018-2029
- 7.1. Key Findings
- 7.2. Market Analysis, Insights and Forecast – By Waste Type
- 7.2.1. Biodegradable Material
- 7.2.2. Recyclable Material
- 7.2.3. Inert Waste
- 7.2.4. Composite Waste
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Cement Kiln
- 7.3.2. Heat
- 7.3.3. Electricity
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. US
- 7.4.2. Canada
- 8. Europe Solid Recovered Fuel Market (USD Billion) Analysis, Insights, and Forecast, 2018-2029
- 8.1. Key Findings
- 8.2. Market Analysis, Insights and Forecast – By Waste Type
- 8.2.1. Biodegradable Material
- 8.2.2. Recyclable Material
- 8.2.3. Inert Waste
- 8.2.4. Composite Waste
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Cement Kiln
- 8.3.2. Heat
- 8.3.3. Electricity
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. UK
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Rest of Europe
- 9. Asia Pacific Solid Recovered Fuel Market (USD Billion) Analysis, Insights, and Forecast, 2018-2029
- 9.1. Key Findings
- 9.2. Market Analysis, Insights and Forecast – By Waste Type
- 9.2.1. Biodegradable Material
- 9.2.2. Recyclable Material
- 9.2.3. Inert Waste
- 9.2.4. Composite Waste
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Cement Kiln
- 9.3.2. Heat
- 9.3.3. Electricity
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Australia
- 9.4.5. Southeast Asia
- 9.4.6. Rest of Asia Pacific
- 10. Latin America Solid Recovered Fuel Market (USD Billion) Analysis, Insights, and Forecast, 2018-2029
- 10.1. Key Findings
- 10.2. Market Analysis, Insights and Forecast – By Waste Type
- 10.2.1. Biodegradable Material
- 10.2.2. Recyclable Material
- 10.2.3. Inert Waste
- 10.2.4. Composite Waste
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Cement Kiln
- 10.3.2. Heat
- 10.3.3. Electricity
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Rest of Latin America
- 11. Middle East & Africa Solid Recovered Fuel Market (USD Billion) Analysis, Insights, and Forecast, 2018-2029
- 11.1. Key Findings
- 11.2. Market Analysis, Insights and Forecast – By Waste Type
- 11.2.1. Biodegradable Material
- 11.2.2. Recyclable Material
- 11.2.3. Inert Waste
- 11.2.4. Composite Waste
- 11.3. Market Analysis, Insights and Forecast – By Application
- 11.3.1. Cement Kiln
- 11.3.2. Heat
- 11.3.3. Electricity
- 11.4. Market Analysis, Insights and Forecast – By Country
- 11.4.1. GCC
- 11.4.2. South Africa
- 11.4.3. Rest of Middle East & Africa
- 12. Competitive Analysis
- 12.1. Company Market Share Analysis, 2021
- 12.2. Company Profile
- 12.2.1. Veolia
- 12.2.1.1. Business Overview
- 12.2.1.2. Product & Services
- 12.2.1.3. Recent Developments
- 12.2.1.4. Financials (Based on Availability)
- 12.2.2. Enva
- 12.2.2.1. Business Overview
- 12.2.2.2. Product & Services
- 12.2.2.3. Recent Developments
- 12.2.2.4. Financials (Based on Availability)
- 12.2.3. Renelux
- 12.2.3.1. Business Overview
- 12.2.3.2. Product & Services
- 12.2.3.3. Recent Developments
- 12.2.3.4. Financials (Based on Availability)
- 12.2.4. Geminor
- 12.2.4.1. Business Overview
- 12.2.4.2. Product & Services
- 12.2.4.3. Recent Developments
- 12.2.4.4. Financials (Based on Availability)
- 12.2.5. Beauparc Group
- 12.2.5.1. Business Overview
- 12.2.5.2. Product & Services
- 12.2.5.3. Recent Developments
- 12.2.5.4. Financials (Based on Availability)
- 12.2.6. Axiom Group
- 12.2.6.1. Business Overview
- 12.2.6.2. Product & Services
- 12.2.6.3. Recent Developments
- 12.2.6.4. Financials (Based on Availability)
- 12.2.7. BMH Technology
- 12.2.7.1. Business Overview
- 12.2.7.2. Product & Services
- 12.2.7.3. Recent Developments
- 12.2.7.4. Financials (Based on Availability)
- 12.2.8. Andusia Holdings Limited
- 12.2.8.1. Business Overview
- 12.2.8.2. Product & Services
- 12.2.8.3. Recent Developments
- 12.2.8.4. Financials (Based on Availability)
- 12.2.9. ENVIRONNEMENT MASSIF CENTRAL
- 12.2.9.1. Business Overview
- 12.2.9.2. Product & Services
- 12.2.9.3. Recent Developments
- 12.2.9.4. Financials (Based on Availability)
- 12.2.10. Probio Energy International
- 12.2.10.1. Business Overview
- 12.2.10.2. Product & Services
- 12.2.10.3. Recent Developments
- 12.2.10.4. Financials (Based on Availability)
- 12.3. Rest of Companies Producing Manure based SRF
- 13. Case Study
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