The tire-derived fuel market has been anticipated to expand at a noteworthy pace throughout the forecast period. The growth opportunities in the global market have been attributed to the noteworthy growth in the automobile industry around the world.
This factor has further led to increased growth of vehicles as well as tire waste across the globe. Thus, on the grounds of these factors, the global market has been estimated to experience noticeable growth prospects in the forthcoming years.
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Until the late 60s and 70s, millions of tons of tire waste have been stockpiled around the world. But with a few incidents related to the massive tire fire, the tire industries as well as governments from various countries around the globe have realized the potential risks that are associated with the scrap tire piles.
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