Refuse-Derived Fuel Market is anticipated to expand at a CAGR of around 3.5% over the forecast period of 2021-2031

Demand for refuse-derived fuel is observed in a wide spectrum of peculiar WtE facilities (waste to energy), where production of electricity and heat energy for commercial purposes is done using low-calorific value refuse-derived fuel. Refuse-derived fuel demand is mostly observed in European countries, making the region account for nearly 60% of the global market share. Key actors present in this region involve themselves in developing effective production methods and processes to meet the rising demand from various end-use industries.

In 2020, the market for refuse-derived fuel observed a contraction of 1.5%. However, the industry is set to get back on track by Q2 of 2021, and things looks brighter for the years ahead.

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As per Fact.MR’s report, the refuse-derived fuel market is estimated to be valued at US$ 2.2 Bn in 2021, and is anticipated to expand at a CAGR of around 3.5% over the forecast period of 2021-2031.

Key Takeaways from Market Study

• The global market is expected to grow 1.4X in value by the end of 2031
• Europe is anticipated to be a presiding region and this regional market is expected to progress at a CAGR of over 3% through 2031.
• Considering the types of fuel, low grade (10 Mj/Kg] and low grade [