[180 Pages Report] The rubber derived unrefined pyrolysis oil market in Europe is estimated to be valued at around US$ 7,132.3 Thousand by the end of 2022, registering Y-o-Y growth of 5.1%. Sales of rubber derived unrefined pyrolysis oil are projected to increase at a healthy CAGR of 5.5% and top a valuation of US$ 12,202.5 Thousand by 2032.
Growing need to reduce carbon footprint, sustainability concerns, and circular economy strtaegies by key players are some of the key factors boosting the market. Further, utilization of waste for oil production is also anticipated to increase the demand in the market.
| Attributes | Details |
|---|---|
| Rubber Derived Unrefined Pyrolysis Oil Sales (2021A) | US$ 6,783.3 Thousand |
| Estimated Market Value (2022E) | US$ 7,132.3 Thousand |
| Market Projections (2032F) | US$ 12,202.5 Thousand |
| Value CAGR (2022 to 2032) | 5.5% |
| Collective Value Share: Top 3 Countries In Europe (2022E) | 41.6% |
Further, presence of enormous amount of waste tires in the landfills is expected to provide significant opportuntiies for the growth in the market. The consumption of rubber derived unrefined pyrolysis oil is estimated to be around 9% of the overall waste derived pyrolysis oil market.
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According to Future Market Insights (FMI), the global demand for rubber derived unrefined pyrolysis oil has witnessed year-over-year growth of 1.9% between 2017 and 2021. Growth in the market is projected to surge owing to rising demand for fuel for several industrial processing.
Besides this, rising application of rubber derived unrefined pyrolysis oil in power supply to gas turbines for electricity generation and industrial boilers will propel the growth. Technological advancements for the conversion of waste products into energies are anticipated to boost the pyrolysis production processing.
Backed by these aforementioned factors, the market of unrefined pyrolysis oil derived from tires is projected to grow at a CAGR of 5.5% during the foirecast period.
Waste management is one of the rising concern across the globe and requires attention or else it can affect the future immensely. According to the study, between 1 billion and 1.8 billion used tyres are discarded every year worldwide.
This accounts for about 2% to 3% of all waste materials collected in Europe. Key application of rubber derived unrefined pyrolysis oil is in vehicle tyres; more than 70% of all rubber in the world ends wrapped it around the wheels of cars, bicycles, and lorries.
Moreover, tires composed of around 80% rubber compound, steel, and textiles are built to last, making them a difficult product to recycle. Further, waste-derived pyrolysis oil production process contributes effectively toward waste management.
Through such processes, global waste production concerns can be reduced and generate desired petroleum outputs. Pyrolysis oil is expected to be used to generate electricity and energy to cater to the growing demand for diesel and gasoline.
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Increasing raw materials prices (EOL tires, tubes, etc.) within the industry and re-emergence of alternate users like tire pyrolysis might limit the sales in the market. Although the availability of raw materials is high; however, most waste management is highly regulated by government organizations.
The rubber-derived unrefined pyrolysis oil market is difficult to scale up owing to the requirements of a constant source of raw material and a constant customer base. Producing pyrolysis oil at a larger scale can only be effective when the manufacturers could turn other by-products into final profit, generating 45-52% revenue from fuel oil and other 48-55% from by-products.
Adoption of Rubber Derived Unrefined Pyrolysis Oil to Surge Amid Growing Need to Reduce Carbon Footprint
The unrefined pyrolysis oil derived from was rubber sales is antiicpated to create about incremental dollar opportunity of US$ 1 Mn in 2022. Advent of advanced technology in Germany is expected to boslter the production processes for conversion of waste materials into energy.
Owing to the reduction prospects for carbon emission along with top chemical companies for the waste conversion will remain key growth drivers for the market. Further, preference to utilize the oil associated with less carbon footprint will also augment the growth in the market.
The U.K. Rubber Derived Unrefined Pyrolysis Oil Market to Gain from Expansion of Industrial Sector
With expansion of industrial sector coupled with rising investment in product will influence the growth in rubber derived unrefined pyrolysis oil market. Growing demand for oil for automotive fuel, demand from industrial boilers, gas turbine and diesel powered engines in the U.K. are propelling the demand.
Government initiatives for decreasing carbon emissions and key players target for achieving net zero emissions are anticipated to drive the demand for pyrolysis oil in the country.
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Manufacturers to Choose Fast Pyrolysis Process for Rubber Derived Unrefined Pyrolysis Oil
Production of rubber derived unrefined pyrolysis oil includes slow, fast and flash technology, depending on the temperature and residence time, yield of the final product achieved. Demand for the pyrolysis oil with higher yield and low residence time is expected to boost the fast production process segment in the coming decade.
This production process is expected to ctrae an incremental $ opportunity of US$ 2,846.1 Th during the forecast period.
Heat and power segment is expected to account for about 84% of the overall consumption of rubber derived unrefined pyrolysis oil in the Europe market. High demand for the oil is owing to enormous volume consumption of fuel for the processing of the industrial machineries. For instance industrial boliers, diesel engines and power generators like gas turbines requires higher amount of fuel for their processing.
Top players in the market of rubber derived unrefined pyrolysis oil are focusing on increasing their production capacities by collaborating with the local players to enhance their market dominancy. Key market participants are also investing a significant amount in technological development to enhance the capacity to industrial level. Further, top players are entering into the business to increase the dominancy through horizontal integration.
For instance:
| Attributes | Details |
|---|---|
| Estimated Market Value (2022E) | US$ 7,132.3 Thousand |
| Market Projections (2032F) | US$ 12,202.5 Thousand |
| Value CAGR (2022 to 2032) | 5.5% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | US$ Thousands for Value and Tons for Volume |
| Key Countries Covered | Germany, Italy, France, the UK, and the Rest of Europe |
| Key Segments Covered | The production process, End-Use, and Country |
| Key Companies Profiled |
SABIC; Fortum Oyj; Twence B.V.; Green Fuel Nordic Corporation; Quantafuel AS; Kartepe Endüstriyel Geri Dönüsüm SAN. ve TIC. A.$.; Pyrum Innovations AG; Tasnee; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market of rubber derived unrefined pyrolysis oil is estimated to reach a valuation of US$ 7,132.3 Th in 2022.
The demand for pyrolysis oil derived from tire pyrolysis is anticipated to witness a growth rate of 5.5% over the forecast period of 2022 and 2032 in terms of value.
Generation of heat and power for the industrial applications in boilers, diesel run engines, etc are the key applications of rubber derived pyrolysis oil. Heat and power generation in the industrial sector accounts for more than four-fifth of the overall consumption
According to FMI analysis, Kartepe Endüstriyel Geri Dönüşüm SAN. ve TİC., Pyrum Innovation AG, Fortum Oyj, SABIC nad many others are the top manufacturers of pyrolysis oil in the rubber derived unrefined pyrolysis oil market.
Key players in the rubber derived unrefined pyrolysis oil market are expected to account for about 40 - 45% of the overall market share in Europe.
The top countries driving the demand are Germany, France, U.K and Italy.
1. Executive Summary
1.1. Europe Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Europe Rubber Derived Unrefined Pyrolysis Oil Market Demand Analysis 2017-2021 and Forecast, 2022-2032
5.1. Historical Market Volume (Tons) Analysis, 2017-2021
5.2. Current and Future Market Volume (Tons) Projections, 2022-2032
5.3. Y-o-Y Growth Trend Analysis
6. Europe Rubber Derived Unrefined Pyrolysis Oil Market - Pricing Analysis
6.1. Regional Pricing Analysis By Pyrolysis Oil
6.2. Pricing Break-up
6.3. Europe Average Pricing Analysis Benchmark
7. Europe Rubber Derived Unrefined Pyrolysis Oil Market Demand (in Value or Size in US$ Th) Analysis 2017-2021 and Forecast, 2022-2032
7.1. Historical Market Value (US$ Th) Analysis, 2017-2021
7.2. Current and Future Market Value (US$ Th) Projections, 2022-2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Economic Outlook
8.1.2. Global Chemical Industry Overview
8.1.3. Global Rubber Production Outlook
8.1.4. Global Automotive Industry Overview
8.1.5. Parent Market Overview
8.1.6. Global Energy Consumption Outlook
8.1.7. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Growing Demand From End Use Sector
8.2.2. Growth in Manufacturing Sector
8.2.3. Top Companies Growth Overview
8.2.4. Growth in Automotive Industry
8.2.5. Impact of Pricing
8.2.6. Growth in Manufacturing Sector
8.2.7. Other Forecast Factors
8.3. Value Chain Analysis
8.4. Supply Demand Overview
8.5. Impact of COVID – 19 Crisis
8.5.1. Current Statistics
8.5.2. World Economy / Cluster Projections
8.5.3. Potential of Impact by Taxonomy
8.5.4. Impact on Market Size
8.5.5. Recovery Scenarios
8.6. Market Dynamics
8.6.1. Drivers
8.6.2. Restraints
8.6.3. Opportunity Analysis
9. Europe Rubber Derived Unrefined Pyrolysis Oil Market Analysis 2017–2021 and Forecast 2022–2032, by Pyrolysis Oil
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Th) and Volume Analysis By Pyrolysis Oil, 2017–2021
9.3. Current and Future Market Size (US$ Th) and Volume Analysis and Forecast By Pyrolysis Oil, 2022–2032
9.3.1. Slow Process
9.3.2. Fast Process
9.3.3. Flash Process
9.4. Market Attractiveness Analysis By Pyrolysis Oil
10. Europe Rubber Derived Unrefined Pyrolysis Oil Market Analysis 2017–2021 and Forecast 2022–2032, By End Use
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Th) and Volume Analysis By End Use, 2017–2021
10.3. Current and Future Market Size (US$ Th) and Volume Analysis and Forecast By End Use, 2022–2032
10.3.1. Heat & Power
10.3.1.1. Boilers
10.3.1.2. Gas Turbine
10.3.1.3. Diesel Engine
10.3.2. Automotive Fuels
10.4. Market Attractiveness Analysis By End Use
11. Europe Rubber Derived Unrefined Pyrolysis Oil Market Analysis 2017–2021 and Forecast 2022–2032, by Country
11.1. Introduction
11.2. Historical Market Size (US$ Th) and Volume Analysis By Country, 2017–2021
11.3. Current Market Size (US$ Th) and Volume Analysis and Forecast By Country, 2022–2032
11.3.1. Germany
11.3.2. France
11.3.3. U.K.
11.3.4. Italy
11.3.5. Rest of Europe
11.4. Market Attractiveness Analysis By Country
12. Germany Rubber Derived Unrefined Pyrolysis Oil Market Analysis 2017–2021 and Forecast 2022–2032
12.1. Introduction
12.2. Historical Market Size (US$ Th) and Volume Trend Analysis By Market Taxonomy, 2017–2021
12.3. Market Size (US$ Th) and Volume Forecast By Market Taxonomy, 2022–2032
12.3.1. By Pyrolysis Oil
12.3.2. By End Use
12.4. Market Attractiveness Analysis
12.4.1. By Pyrolysis Oil
12.4.2. By End Use
12.5. Drivers and Restraints - Impact Analysis
13. France Rubber Derived Unrefined Pyrolysis Oil Market Analysis 2017–2021 and Forecast 2022–2032
13.1. Introduction
13.2. Historical Market Size (US$ Th) and Volume Trend Analysis By Market Taxonomy, 2017–2021
13.3. Market Size (US$ Th) and Volume Forecast By Market Taxonomy, 2022–2032
13.3.1. By Pyrolysis Oil
13.3.2. By End Use
13.4. Market Attractiveness Analysis
13.4.1. By Pyrolysis Oil
13.4.2. By End Use
13.5. Drivers and Restraints - Impact Analysis
14. U.K. Rubber Derived Unrefined Pyrolysis Oil Market Analysis 2017–2021 and Forecast 2022–2032
14.1. Introduction
14.2. Historical Market Size (US$ Th) and Volume Trend Analysis By Market Taxonomy, 2017–2021
14.3. Market Size (US$ Th) and Volume Forecast By Market Taxonomy, 2022–2032
14.3.1. By Pyrolysis Oil
14.3.2. By End Use
14.4. Market Attractiveness Analysis
14.4.1. By Pyrolysis Oil
14.4.2. By End Use
14.5. Drivers and Restraints - Impact Analysis
15. Italy Rubber Derived Unrefined Pyrolysis Oil Market Analysis 2017–2021 and Forecast 2022–2032
15.1. Introduction
15.2. Historical Market Size (US$ Th) and Volume Trend Analysis By Market Taxonomy, 2017–2021
15.3. Market Size (US$ Th) and Volume Forecast By Market Taxonomy, 2022–2032
15.3.1. By Pyrolysis Oil
15.3.2. By End Use
15.4. Market Attractiveness Analysis
15.4.1. By Pyrolysis Oil
15.4.2. By End Use
15.5. Drivers and Restraints - Impact Analysis
16. Rest of Europe Rubber Derived Unrefined Pyrolysis Oil Market Analysis 2017–2021 and Forecast 2022–2032
16.1. Introduction
16.2. Historical Market Size (US$ Th) and Volume Trend Analysis By Market Taxonomy, 2017–2021
16.3. Market Size (US$ Th) and Volume Forecast By Market Taxonomy, 2022–2032
16.3.1. By Pyrolysis Oil
16.3.2. By End Use
16.4. Market Attractiveness Analysis
16.4.1. By Pyrolysis Oil
16.4.2. By End Use
16.5. Drivers and Restraints - Impact Analysis
17. Market Structure Analysis
17.1. Market Analysis by Tier of Companies (Rubber Derived Unrefined Pyrolysis Oil)
17.2. Market Concentration
17.3. Apparent Production Capacity of Top Players
17.4. Market Share Analysis of Top Players
17.5. Market Presence Analysis
17.5.1. By Country footprint of Players
17.5.2. Product foot print by Players
18. Competition Analysis
18.1. Competition Dashboard
18.2. Pricing Analysis by Competition
18.3. Competition Benchmarking
18.4. Competition Deep Dive
18.4.1. SABIC
18.4.1.1. Overview
18.4.1.2. Product Portfolio
18.4.1.3. Key Financials by Market Segments (Product/Channel/Region)
18.4.1.4. Sales Footprint
18.4.1.5. Strategy Overview
18.4.1.5.1. Marketing Strategy
18.4.1.5.2. Product Strategy
18.4.2. Fortum Oyj
18.4.2.1. Overview
18.4.2.2. Product Portfolio
18.4.2.3. Key Financials by Market Segments (Product/Channel/Region)
18.4.2.4. Sales Footprint
18.4.2.5. Strategy Overview
18.4.2.5.1. Marketing Strategy
18.4.2.5.2. Product Strategy
18.4.3. Twence B.V.
18.4.3.1. Overview
18.4.3.2. Product Portfolio
18.4.3.3. Key Financials by Market Segments (Product/Channel/Region)
18.4.3.4. Sales Footprint
18.4.3.5. Strategy Overview
18.4.3.5.1. Marketing Strategy
18.4.3.5.2. Product Strategy
18.4.4. Green Fuel Nordic Corporation
18.4.4.1. Overview
18.4.4.2. Product Portfolio
18.4.4.3. Key Financials by Market Segments (Product/Channel/Region)
18.4.4.4. Sales Footprint
18.4.4.5. Strategy Overview
18.4.4.5.1. Marketing Strategy
18.4.4.5.2. Product Strategy
18.4.5. Quantafuel AS
18.4.5.1. Overview
18.4.5.2. Product Portfolio
18.4.5.3. Key Financials by Market Segments (Product/Channel/Region)
18.4.5.4. Sales Footprint
18.4.5.5. Strategy Overview
18.4.5.5.1. Marketing Strategy
18.4.5.5.2. Product Strategy
18.4.6. Kartepe Endüstriyel Geri Dönüşüm SAN. ve TİC. A.Ş.
18.4.6.1. Overview
18.4.6.2. Product Portfolio
18.4.6.3. Key Financials by Market Segments (Product/Channel/Region)
18.4.6.4. Sales Footprint
18.4.6.5. Strategy Overview
18.4.6.5.1. Marketing Strategy
18.4.6.5.2. Product Strategy
18.4.7. Pyrum Innovations AG
18.4.7.1. Overview
18.4.7.2. Product Portfolio
18.4.7.3. Key Financials by Market Segments (Product/Channel/Region)
18.4.7.4. Sales Footprint
18.4.7.5. Strategy Overview
18.4.7.5.1. Marketing Strategy
18.4.7.5.2. Product Strategy
18.4.8. Tasnee
18.4.8.1. Overview
18.4.8.2. Product Portfolio
18.4.8.3. Key Financials by Market Segments (Product/Channel/Region)
18.4.8.4. Sales Footprint
18.4.8.5. Strategy Overview
18.4.8.5.1. Marketing Strategy
18.4.8.5.2. Product Strategy
19. Assumption & Acronyms Used
20. Research Methodology
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Europe Rubber Derived Unrefined Pyrolysis Oil Market
