Global Tyre Pyrolysis Plant Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Tyre Pyrolysis Plant Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A Tyre Pyrolysis Plant is a machine that converts mainly waste tyres to fuel oil. The raw material is a waste tyre. The raw material will be heated in a reactor. The principle of the Tyre Pyrolysis Plant is as below: when the raw material waste plastic is heated in the reactor then raw material will generate some oil gas. When the oil gas goes into the condenser, the oil gas will be condensed into liquid oil. During the process, the Tyre Pyrolysis Plant is very energy. The oil gas which cannot be condensed will be recycled to the burner to heat the reactor. So just little energy is required to run the pyrolysis plant. The final product of the pyrolysis plant is mainly fuel oil (can be further refined into diesel), carbon black, Combustible Gas, Steel Wire. The pyrolysis plant is renewable and environmental equipment that deals with waste.

Market Overview:

The latest research study on the global Tyre Pyrolysis Plant market finds that the global Tyre Pyrolysis Plant market reached a value of USD 91.1 million in 2022. It’s expected that the market will achieve USD 188.36 million by 2028, exhibiting a CAGR of 12.87% during the forecast period.

Tyre Pyrolysis Plant Market Drivers

Tyre Pyrolysis Plant equipped with environmental protection equipment will not pollute the environment. The environmentally friendly waste tire pyrolysis device is equipped with tail gas recovery device, flue gas purification system, circulating pool, and sealed carbon black collection device, which can efficiently treat exhaust gas, wastewater and waste solids. Through the tire pyrolysis process, waste tires can be recycled into renewable energy without causing secondary pollution to the environment.
The Tyre Pyrolysis Plant can pyrolyze waste tires into fuel oil, Carbon Black Char, steel wire and Combustible Gas. These final products have a wide range of applications. For example, fuel oil is a good heating fuel, which can be widely used in steel plants, boiler heating, heavy oil generators, cement plants, etc. In addition, diesel fuel can be obtained after refining fuel oil, which can replace standard diesel for diesel generators, light fuels, heavy machinery, etc. Carbon black is also a good fuel with higher calorific value than coal and can be burned into pellets. Carbon black can be further processed to obtain N550, N660, N774 high-quality carbon black, which can be used as additives for tires, rubber soles, pigments, etc.; steel wires in waste tires can be sold directly to waste recycling stations or steel mills for remelting. The Combustible Gas can be directly recycled in the pyrolysis reactor after being collected in an industrial pressure vessel, saving fuel, and can also be collected and used for heating in other fields. All in all, the end products of the Tyre Pyrolysis Plant can be widely used.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

Hengyu Environmental Protection is one of the major players operating in the Tyre Pyrolysis Plant market, holding a share of 13.73% in 2021

Hengyu Environmental Protection was invited to attend the Fourth Industrial Hazardous Waste Disposal and Resource Utilization Strategic Cooperation Summit July 13, 2021.

Beston Machinery participated in IE Expo China 2021 April 2021

As Asia's leading environmental exhibition, IE EXPO China 2021 provides an effective business and communication platform for professionals in the field of environmental protection in China and internationally, and provides first-class scientific and technological conference programs. It is an ideal platform for professionals in the environmental industry to develop their businesses, exchange ideas and build networks.

Segmentation Overview:

Among different product types, Mobile Pyrolysis Machine segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Fuel Oil segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Tyre Pyrolysis Plant market covered in Chapter 3:

Fabhind
RESEM
Kingtiger Group
Henan DOING
Henan Mingjie Environmental Equipment Co., Ltd
Henan Realtop Machinery Co,Ltd.
KGN Industries
Agile Process Chemicals LLP
Beston
Hunan Benji Environmental Energy Technology Co.,Ltd
Hengyu Environmental Protection
Divya International

In Chapter 4 and Chapter 14.2, on the basis of types, the Tyre Pyrolysis Plant market from 2018 to 2029 is primarily split into:

Mobile Pyrolysis Machine
Small Pyrolysis Equipment
Continuous Pyrolysis Plant
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Tyre Pyrolysis Plant market from 2018 to 2029 covers:

Fuel Oil
Carbon Black Char
Combustible Gas
Steel Wire

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)