Tyre pyrolysis oil market price is increasingly gaining favor due to the rising international crude oil prices. As traditional fuel costs have also increased, tyre pyrolysis oil emerges as a relatively lower-priced alternative. This fuel is derived from waste tires through pyrolysis technology. Compared to traditional petroleum fuels, it possesses lower production costs, reduces reliance on finite resources, and contributes to waste tyre recycling and environmental protection. With the growing demand for alternative fuels, the advantage of tyre pyrolysis oil price has attracted more attention and adoption.
Tire pyrolysis oil price is influenced by factors such as pyrolysis oil quality, market demand, geographical location, the specific supplier, pyrolysis plant investment cost. Currently, take the Indian-made tyre pyrolysis oil specifications as an example, the price typically ranges between $0.455 and $0.78 per liter (just for reference). The specific price level depends mainly on the quality of the oil. Generally, tyre pyrolysis oil with higher purity and calorific value may command slightly higher prices. Overall, despite fluctuations in specific tyre oil price, compared to conventional crude oil, tyre pyrolysis oil is quite affordable. Many investors are bullish on the investment.
| Product | Color | Odor | Form Type | Purity | Packaging Type | Application | Price |
| Tyre Pyrolysis Oil | Black | Slight Petroleum | Liquid | 90%-99% | Barrel/Bottle | Industrial | $0.455 – 0.78 /Liter |
In 2021, the pyrolysis oil market exceeded $3.1 billion and is expected to continue growing, reaching an estimated $4.53 billion by 2030. During this forecast period (2023-2030), a compound annual growth rate of 4.3% is anticipated. Although the above data covers a range of raw materials including plastics, rubber (tires), and oil sludge, the overarching trend still indicates significant tire pyrolysis oil market has great potential.
Global tyre pyrolysis plant market size was USD 91.1 million in 2022 and the market is projected to touch 270.84 Million by 2031, exhibiting a CAGR of 12.87% during the forecast period. This notable growth reflects more and more people will recognize the potential of tyre pyrolysis oil as an eco-friendly alternative to conventional fossil fuels, thereby propelling the construction of relevant pyrolysis factories.
Tire pyrolysis oil production provides an eco-friendly solution to the problem of tire waste disposal, reducing the burden and pollution of landfills. The tyre pyrolysis oil market is expected to experience significant growth in the future. Driving factors include:
Slow pyrolysis is projected to maintain its leading position in the tire pyrolysis oil market from 2023 to 2033. This dominance is mainly attributed to the fact that slow pyrolysis generally produces a higher yield of pyrolysis oil compared to other processes, such as fast pyrolysis. Furthermore, the slower heating rates inherent in slow pyrolysis enable better process control, leading to reduced emissions of pollutants and a more consistently high-quality final product.
Investing in high-quality tyre pyrolysis equipment, such as Beston Group’s tyre pyrolysis plant, ensures safe, efficient, and eco-friendly pyrolysis oil production. With batch, semi-continuous, and fully continuous plant options, businesses can cater to diverse market needs and expand their operations globally. With the produced high quality pyrolysis oil for sale, investors can get economic benefits from tyre pyrolysis oil price. With our plastic to oil machine, you can also achieve plastic to oil conversion. Welcome your inquiry!