Tire Pyrolysis Oil Market - By Raw Material (Waste Plastic, Waste Rubber, Wood, Oil Sludge) By Process (Fast pyrolysis, Flash pyrolysis, Slow Pyrolysis), By End-Use (Chemicals, Fuel) & Forecast, 2023

Description

List of Tables

Tire pyrolysis oil market size is projected to expand at 5.4% CAGR from 2023 to 2032. The increasing focus on sustainable practices and circular economy principles is elevating the demand for alternative fuels. Tire pyrolysis oil, produced through the thermal decomposition of tires, serves as an environmentally friendly substitute for conventional fossil fuels. It offers versatility in various applications, including energy generation and industrial processes.

The ingress of stringent environmental regulations is driving the growing awareness of the environmental impacts of tire disposal. For instance, in March 2023, Cabot Corporation introduced Vulcan 7H-C, its first ISCC PLUS-certified circular reinforcing carbon made from tire pyrolysis oil sourced from end-of-life tires, and renewable materials to reduce greenhouse gas emissions. Moreover, the ongoing technological advancements in tire pyrolysis processes to improve the efficiency and quality of the resulting oil for making it an increasingly attractive alternative will also drive the market growth.

The tire pyrolysis oil industry is segregated into raw material, process, end-use, and region.

In terms of raw material, the industry value from the oil sludge segment is projected to increase at substantial CAGR between 2023 and 2032. The growth is ascribed to the efficient recycling of oil sludge into valuable oil products to offer waste reduction. The rising environmental regulations for encouraging sustainable practices and the economic viability of converting oil sludge into useful resources will also boost the segment growth.

Tire pyrolysis oil market share from the slow pyrolysis process segment is estimated to witness significant CAGR from 2023 to 2032, due to advantages, such as enhanced oil yield, improved quality, and greater flexibility in product output. Slow pyrolysis process also contributes to the production of high-quality tire pyrolysis oil for meeting the increasing demand for sustainable and eco-friendly fuel alternatives.

Regionally, the Asia Pacific tire pyrolysis oil industry is slated to exhibit appreciable CAGR throughout the analysis timeline. The growth can be attributed to the escalating concerns about tire disposal, stringent environmental regulations, and the growing emphasis on sustainable practices. Additionally, the increasing industrialization will fuel the demand for eco-friendly alternatives across the region, adding to the market expansion.

Product Code: 7470

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Tire Pyrolysis Oil industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Interlayer trends
2.4 End use industry trends
2.5 Regional trends

Chapter 3 Tire Pyrolysis Oil Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Raw material analysis
- 3.1.2 Manufacturers
- 3.1.3 Distribution channel analysis
- 3.1.4 Profit margin analysis
- 3.1.5 Effect of COVID-19 on industry value chain
- 3.1.6 Vendor matrix
3.2 Raw material analysis
3.3 Technology landscape
3.4 Regulatory landscape
- 3.4.1 North America
- 3.4.2 Europe
- 3.4.3 APAC
- 3.4.4 Latin America
- 3.4.5 MEA
3.5 Pricing analysis
- 3.5.1 North America
- 3.5.2 Europe
- 3.5.3 Asia Pacific
- 3.5.4 Latin America
- 3.5.5 Middle East & Africa
- 3.5.6 Cost structure analysis, 2022
3.6 Industry impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Environmental concerns and waste disposal issues
  - 3.6.1.2 Rising fuel prices and economic benefits
  - 3.6.1.3 Versatility and adaptability in various applications
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 Technological limitations and production efficiency
3.7 Innovation & sustainability
3.8 Growth potential analysis, 2022
3.9 Porters Analysis
- 3.9.1 Industry rivalry
- 3.9.2 Buyer power
- 3.9.3 Supplier power
- 3.9.4 Threat of new entrants
- 3.9.5 Threat of substitutes
3.10 PESTEL analysis
3.11 Impact of COVID-19 on the Tire Pyrolysis Oil applications
3.12 Impact of COVID-19 on world economy
3.13 Impact of the Russia-Ukraine war on Tire Pyrolysis Oil Market

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Tire Pyrolysis Oil Market Size and Forecast, By Raw Material 2018 - 2032

5.1 Waste Plastic
5.2 Waste Rubber
5.3 Wood
5.4 Oil Sludge
5.5 Other Raw Material

Chapter 6 Tire Pyrolysis Oil Market Size and Forecast, By Process 2018 - 2032

6.1 Fast pyrolysis
6.2 Flash pyrolysis
6.3 Slow Pyrolysis

Chapter 7 Tire Pyrolysis Oil Market Size and Forecast, By End-Use 2018 - 2032

7.1 Chemicals
7.2 Fuel
7.3 Others

Chapter 8 Tire Pyrolysis Oil Market Size and Forecast, By Region 2018 - 2032

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Indonesia
- 8.4.7 Malaysia
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE

Chapter 9 Company Profiles

9.1 Alterra Energy
9.2 Bioenergy Ae Cote-Nord
9.3 Bridgestone Corporation
9.4 Ensyn
9.5 Green Fuel Nordic Oy
9.6 Mk Aromatics Limited
9.7 New Energy Kft.
9.8 New Hope Energy
9.9 Nexus Circular
9.10 Plastic Advanced Recycling Corp.
9.11 Plastic Energy
9.12 Pyrocell (setra)
9.13 Quantafuel ASA
9.14 Shenyang Dongxing Chemical Industry Co., Ltd
9.15 Shenyang East-West Renewable Energy Equipment Co., Ltd
9.16 Trident Fuels Pty Ltd