固態回收燃料（SRF）：市場佔有率分析、行業趨勢和統計數據以及成長預測（2026-2031 年）

根據 Mordor Intelligence 預測，固態燃料回收 (SRF) 市場規模將從 2025 年的 66.4 億美元成長到 2026 年的 69.7 億美元，然後在 2031 年達到 90.1 億美元，2026 年至 2031 年的複合年成長率為 5.26%。

本報告按原料（城市廢棄物、工商業工業廢棄物、建築拆除廢棄物及其他廢棄物）、最終用戶（水泥工業、熱電聯產（CHP）廠、發電廠、石灰產業、鋼鐵和金屬加工產業、紙漿和造紙業及其他工業用戶）以及地區（北美、歐洲、亞太、南美以及中東和非洲）進行細分。市場預測以美元（USD）為單位。

全球固態燃料回收（SRF）市場趨勢與洞察

關於減少掩埋廢棄物和能源回收的法規

減少掩埋的目標正促使殘餘廢棄物轉向回收利用途徑，從而支持固態燃料市場的原料供應。歐盟框架要求成員國到2035年將城市垃圾掩埋減少10%。歐盟2024年的一項出版調查發現，在一些成員國，固體廢棄物精煉（SRF）的潛在產量可能超過SRF的預期最大吸收能力。這導致人們更加重視處理能力和穩定的工業處置場，而不是廢棄物本身的數量。在監管期限收緊之前開發與SRF相容的工廠的營運商可以確保獲得當地收集區域的殘餘物料。法國的SRF產業年產量約為100萬噸，並曾設定目標到2030年達到250萬至300萬噸，但法國燃料和能源監管機構AFOCO指出，在法國環境與能源管理署（ADEME）的計畫資金於2025年終止後，存在10億歐元的投資缺口。

水泥生產中石化燃料的替代

由於水泥窯的高溫運作條件使其能夠處理合格的廢棄物衍生燃料，因此仍是固態回收燃料市場可靠的需求來源。預計到2025年，奧地利水泥產業的替代燃料使用率將達到88.8%，高於2024年的87.7%，而傳統燃料的投入量預計將逐年下降6.4%。一項2025年發表的同行評審研究發現，在水泥窯中取代使用固體回收燃料（SRF）可使每噸水泥的溫室氣體排放量減少200公斤二氧化碳當量，最佳替代率為80%，可最大限度地提高環境效益。源自都市生活廢棄物（MSW）的固體回收燃料中的生物來源碳含量可以減少符合歐盟排放交易體系（EU ETS）資格的水泥生產商的化石碳債務。因此，生產商更有動力供應認證燃料，而不是品質較低的廢棄物。法國水泥產業設定目標，將熱能替代率從 2023 年的 52% 提高到 2024 年的 55%，並在 2030 年達到 80%。

原料水分含量和成分的變化

固態回收燃料市場面臨的營運挑戰仍是原料含水量和成分的變化。 2024年12月，歐盟廢棄物與工業發展研究所（EUWID）報告稱，德國某工廠接收的商業和工業廢棄物熱值為11-12兆焦/公斤，而該工廠的設計熱值為9.5-10.5兆焦/公斤。這種差異會導致熱應力，並降低燃料在指定窯爐應用中的適用性。此外，回收的要求可能會殘留一些難以處理的成分，例如聚氯乙烯（PVC）含量高的塑膠、複合材料和多層包裝。這些材料會增加污染風險，並使穩定的燃料生產更加困難。自適應光學分選和即時熱值監測可以幫助工廠適應原料的變化，但這需要持續的資本投入和營運成本。

細分市場分析

截至2025年，都市生活廢棄物（MSW）以原料計佔固態燃料（SRF）市佔率的54.8%。這反映了歐洲和北美家庭垃圾收集系統的規模和相對穩定性。城市生活垃圾的既有地位也表明，這種原料在許多歐洲市場已經成熟。高熱值材料有可能被轉用於機械和生物處理及回收利用，這可能會加劇對合適的城市生活垃圾分餾的競爭。預計2026年至2031年，商業和工業廢棄物的複合年成長率將達到5.9%。

PreZero位於穆爾西亞的工廠為Cemex阿利坎特工廠供應原料，其巴塞隆納工廠每年處理19萬噸商業和工業廢棄物。這些設施表明，透過整合分類和物流，商業和工業廢棄物可以如何用於水泥生產。建築和拆除廢棄物仍未充分利用，因為其中的礦物惰性、金屬和石膏會降低其熱值。農業廢棄物和其他廢棄物在固態燃料回收（SRF）產業中所佔佔有率仍然相對較小，這主要是因為南亞和東南亞的生質能供應和水泥協同處理能力正在不斷擴大。一份2025年的報告指出，德國水泥公司正在透過記錄城市廢棄物（MSW）與商業和工業廢棄物的混合比例，提高其2030年的熱能替代目標。

區域分析

到2025年，歐洲將佔據固態回收燃料市場56.9%的佔有率。這一地位反映了歐洲在廢棄物管理、燃料品質標準、協同處理網路和物流方面的長期投資。奧地利、德國、瑞典和荷蘭均擁有成熟的利用體系。奧地利水泥產業透過基於規範的燃料契約，在2025年實現了88.8%的替代燃料替代率。修訂後的歐盟廢棄物運輸法規和數位化廢棄物運輸系統已於2026年5月生效。

預計2026年至2031年，亞太地區固態廢棄物回收燃料市場將以7.2%的複合年成長率成長，在所有地區中增速最高。中國、印度、印尼和越南將是主要的成長區域。中國的「零廢棄城市」舉措包括試點城市，旨在引導城市廢棄物管理朝著更完善的資源回收系統發展。印尼將於2026年開始投資超過6億美元用於垃圾焚化發電，以支持預處理和燃料製備基礎建設。印度面臨城市廢棄物水分和污染的挑戰，如果不進行乾燥和先進的預處理，垃圾的熱值會降低。

北美地區規模仍然較小，但由於水泥生產商替代率的提高和掩埋成本的上升，仍有成長空間。在南美洲，巴西正在推動這一領域的發展，位於聖保羅的UTM Leste工廠年產能55萬噸，計劃於2027年運作，該工廠旨在將RDF（垃圾衍生燃料）生產與有機物回收相結合。由於協同處理基礎設施有限，中東和非洲地區仍處於起步階段。 2026年2月，Geminor公司從挪威發展合作署（Norad）獲得500萬挪威克朗的津貼，用於評估在西非建設一個利用塑膠廢棄物生產固體回收燃料（SRF）並將其用於水泥窯的樞紐設施。

其他好處

• Excel格式的市場預測（ME）表
• 3個月的分析師支持

目錄

第1章：引言

• 研究假設和市場定義
• 調查範圍

第2章：調查方法

第3章執行摘要

第4章 市場狀況

• 市場概覽
• 市場促進因素
  • 關於減少掩埋廢棄物和能源回收的法規
  • 水泥生產中石化燃料的替代
  • 投資先進的分選和固體回收設施品質基礎設施
  • 廢棄物產生量和工業熱需求
  • 歐盟排放交易體系（EU ETS）中化石碳的可追溯性以及對優質固體回收燃料的需求
  • 跨境價格套利和數位可追溯性
• 市場限制因素
  • 原料水分含量和成分的變化
  • 關於資金、授權和社區接受度的要求
  • 透過回收所造成的產品蠶食效應以及塑膠零件的負面價值
  • 經濟運輸距離的限制與污染風險
• 供應鏈分析
• 波特五力分析
• 技術展望
• 監理情勢
• 投資分析

第5章 市場規模與成長預測

• 按原料
  • 一般廢棄物（MSW）
  • 商業和工業（C&I）廢棄物
  • 建築和拆除（C&D）廢棄物
  • 農業廢棄物
  • 其他廢棄物流
• 最終用戶
  • 水泥業
  • 熱電聯產（CHP）電廠
  • 發電廠
  • 石灰產業
  • 鋼鐵和金屬加工
  • 紙漿和造紙業
  • 其他工業用戶
• 按地區
  • 北美洲
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 法國
    • 義大利
    • 西班牙
    • 英國
    • 波蘭
    • 俄羅斯
    • 其他歐洲國家
  • 亞太地區
    • 中國
    • 印度
    • 日本
    • 韓國
    • 澳洲
    • 印尼
    • 越南
    • 泰國
    • 其他亞太國家
  • 南美洲
    • 巴西
    • 阿根廷
    • 智利
    • 其他南美國家
  • 中東和非洲
    • 沙烏地阿拉伯
    • 阿拉伯聯合大公國
    • 埃及
    • 南非
    • 摩洛哥
    • 其他中東和非洲國家

第6章 競爭情勢

• 市場集中度
• 策略趨勢
• 市佔率分析
• 公司簡介
  • A2A SpA
  • Andusia Recovered Fuels Limited
  • Beauparc Group
  • Biffa Limited
  • BMH Technology Oy
  • Enva Group plc
  • FCC Servicios Medio Ambiente Holding, SAU
  • Geminor AS
  • Geocycle SA
  • Indaver NV
  • N+P Group Holdings Ltd.
  • PreZero International GmbH
  • REMONDIS SE & Co. KG
  • Renewi plc
  • SUEZ SA
  • Veolia Environnement SA

第7章 市場機會與未來展望

According to Mordor Intelligence, the solid recovered fuel market size is expected to grow from USD 6.64 billion in 2025 to USD 6.97 billion in 2026 and is forecast to reach USD 9.01 billion by 2031 at 5.26% CAGR over 2026-2031.

This report is Segmented by Feedstock Source (MSW, C&I Waste, C&D Waste, Other Waste Streams), End User (Cement Industry, CHP Plants, Power Generation Plants, Lime Industry, Steel & Metal Processing, Pulp & Paper, Other Industrial Users), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Global Solid Recovered Fuel (SRF) Market Trends and Insights

Landfill Diversion and Energy-Recovery Mandates

Landfill reduction targets are shifting residual waste toward recovery routes and supporting feedstock availability for the solid recovered fuel market. The EU framework requires member states to limit municipal waste sent to landfill to 10% or less by 2035. A 2024 study for the EU Publications Office found that potential SRF production could exceed the estimated maximum capacity for SRF uptake in several member states. This places greater importance on processing capacity and stable industrial offtake than on waste availability alone. Operators that develop SRF-capable plants before regulatory deadlines tighten can secure access to residual material in their local catchment areas. France's sector produced nearly 1 million tonnes each year and had a target of 2.5 million to 3 million tonnes by 2030, although AFOCO identified a EUR 1 billion investment gap after the cancellation of the ADEME project fund in 2025.

Fossil-Fuel Substitution in Cement Manufacturing

Cement kilns remain a dependable source of demand for the solid recovered fuel market because their high operating temperatures can accommodate qualified waste-derived fuels. Austria's cement industry achieved an alternative fuel rate of 88.8% in 2025, rising from 87.7% in 2024, while conventional fuel inputs fell 6.4% year over year. A 2025 peer-reviewed study found that SRF substitution in cement kilns can reduce process greenhouse gas emissions by 200 kg CO2-equivalent per tonne of cement, with 80% substitution identified as the optimal point for environmental benefit. WASTE AND BIOMASS VALORIZATION The biogenic carbon fraction in MSW-derived SRF can lower fossil-carbon liability for cement operators covered by the EU ETS. Producers therefore have a stronger reason to provide certified fuel rather than lower-grade refuse-derived fuel. France's cement sector raised thermal substitution to 55% in 2024 from 52% in 2023 and stated a target of 80% by 2030. RECY.NET

Feedstock Moisture and Composition Variability

Inconsistent moisture content and composition remain operating challenges for the solid recovered fuel market. EUWID reported in December 2024 that commercial and industrial waste supplied to German facilities delivered calorific values of 11-12 MJ/kg against plant designs of 9.5-10.5 MJ/kg. Such variation can create thermal stress and reduce the suitability of fuel for intended kiln applications. Recycling requirements can also leave difficult fractions, including PVC-rich plastics, composites, and multilayer packaging, in the residual stream. These materials increase contamination risks and make consistent fuel production more difficult. Adaptive optical sorting and real-time calorific monitoring can help plants respond to changing inputs, but they require continuing capital and operating expenditure.

Other drivers and restraints analyzed in the detailed report include:

1. EU ETS Fossil-Carbon Traceability and Premium SRF Demand
2. Investment in Advanced Sorting and SRF Quality Infrastructure
3. Capital, Permitting and Community-Acceptance Requirements

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Municipal solid waste held 54.8% of the solid recovered fuel market size by feedstock share in 2025. This reflects the scale and relative consistency of household waste collection systems in Europe and North America. The established position of MSW also shows that this feedstock is mature in many European markets. Higher-calorific material can be directed to mechanical-biological treatment and recycling, which can intensify competition for suitable MSW fractions. Commercial and industrial waste is forecast to grow at a 5.9% CAGR from 2026 to 2031.

PreZero's Murcia facility supplies the Cemex Alicante plant, and its Barcelona plant processes 190,000 tonnes of commercial and industrial waste each year. These facilities show how commercial and industrial waste can be used in cement applications when sorting and logistics are integrated. Construction and demolition waste remains underused because mineral inerts, metals, and gypsum can reduce calorific yield. Agricultural and other waste streams remain smaller elements of the solid recovered fuel industry, mainly in South and Southeast Asia, where biomass availability meets developing cement co-processing capacity. German cement companies were reported in 2025 to be increasing their 2030 thermal substitution targets through documented blends of MSW and commercial and industrial fractions.

Complete Report Scope:

• By Feedstock Source
  • Municipal Solid Waste (MSW)
  • Commercial & Industrial (C&I) Waste
  • Construction & Demolition (C&D) Waste
  • Agricultural Waste
  • Other Waste Streams
• By End User
  • Cement Industry
  • Combined Heat and Power (CHP) Plants
  • Power Generation Plants
  • Lime Industry
  • Steel & Metal Processing
  • Pulp & Paper Industry
  • Other Industrial Users
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • United Kingdom
    • Poland
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Vietnam
    • Thailand
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Chile
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Egypt
    • South Africa
    • Morocco
    • Rest of Middle East and Africa

Geography Analysis

Europe held 56.9% of the solid recovered fuel market share in 2025. This position reflects long-term investment in waste processing, fuel quality standards, co-processing networks, and logistics. Austria, Germany, Sweden, and the Netherlands have mature utilization systems. Austria's cement industry achieved an 88.8% alternative fuel substitution rate in 2025 through specification-based fuel contracts. The revised EU Waste Shipment Regulation and the Digital Waste Shipment System became applicable in May 2026.

Asia-Pacific is forecast to expand at a 7.2% CAGR from 2026 to 2031, the highest rate among regions in the solid recovered fuel market. China, India, Indonesia, and Vietnam are the main growth areas. China's Zero Waste City initiative has included pilot cities that direct urban waste management toward stronger resource recovery systems. Indonesia initiated more than USD 600 million in waste-to-energy investment in 2026, supporting pretreatment and fuel-preparation infrastructure. India faces moisture and contamination issues in municipal waste, which can reduce calorific yield without drying and advanced pretreatment.

North America remains smaller but has room to develop as cement producers raise substitution rates and landfill costs increase. South America is advancing through Brazil, where the 550,000 tonne-per-year UTM Leste plant in Sao Paulo is scheduled for commissioning in 2027 and is designed to combine RDF production with organic recovery. The Middle East and Africa remain at an earlier stage because co-processing infrastructure is limited. Geminor received a NOK 5 million grant from Norad in February 2026 to assess a plastic-waste-to-SRF hub in West Africa for cement-kiln use.

1. A2A S.p.A.
2. Andusia Recovered Fuels Limited
3. Beauparc Group
4. Biffa Limited
5. BMH Technology Oy
6. Enva Group plc
7. FCC Servicios Medio Ambiente Holding, S.A.U.
8. Geminor AS
9. Geocycle SA
10. Indaver NV
11. N+P Group Holdings Ltd.
12. PreZero International GmbH
13. REMONDIS SE & Co. KG
14. Renewi plc
15. SUEZ S.A.
16. Veolia Environnement S.A.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Landfill Diversion and Energy-Recovery Mandates
  • 4.2.2 Fossil-Fuel Substitution in Cement Manufacturing
  • 4.2.3 Investment in Advanced Sorting and SRF Quality Infrastructure
  • 4.2.4 Waste Generation and Industrial Heat Demand
  • 4.2.5 EU ETS Fossil-Carbon Traceability and Premium SRF Demand
  • 4.2.6 Cross-Border Price Arbitrage and Digital Traceability
• 4.3 Market Restraints
  • 4.3.1 Feedstock Moisture and Composition Variability
  • 4.3.2 Capital, Permitting and Community-Acceptance Requirements
  • 4.3.3 Recycling Cannibalization and Negative-Value Plastic Fractions
  • 4.3.4 Limited Economical Haul Distance and Contamination Risk
• 4.4 Supply-Chain Analysis
• 4.5 Porter's Five Forces Analysis
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry
• 4.6 Technology Outlook
• 4.7 Regulatory Landscape
• 4.8 Investment Analysis

5 MARKET SIZE AND GROWTH FORECASTS

• 5.1 By Feedstock Source
  • 5.1.1 Municipal Solid Waste (MSW)
  • 5.1.2 Commercial & Industrial (C&I) Waste
  • 5.1.3 Construction & Demolition (C&D) Waste
  • 5.1.4 Agricultural Waste
  • 5.1.5 Other Waste Streams
• 5.2 By End User
  • 5.2.1 Cement Industry
  • 5.2.2 Combined Heat and Power (CHP) Plants
  • 5.2.3 Power Generation Plants
  • 5.2.4 Lime Industry
  • 5.2.5 Steel & Metal Processing
  • 5.2.6 Pulp & Paper Industry
  • 5.2.7 Other Industrial Users
• 5.3 By Geography
  • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
  • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 France
    • 5.3.2.3 Italy
    • 5.3.2.4 Spain
    • 5.3.2.5 United Kingdom
    • 5.3.2.6 Poland
    • 5.3.2.7 Russia
    • 5.3.2.8 Rest of Europe
  • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Australia
    • 5.3.3.6 Indonesia
    • 5.3.3.7 Vietnam
    • 5.3.3.8 Thailand
    • 5.3.3.9 Rest of Asia-Pacific
  • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Chile
    • 5.3.4.4 Rest of South America
  • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 Egypt
    • 5.3.5.4 South Africa
    • 5.3.5.5 Morocco
    • 5.3.5.6 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 A2A S.p.A.
  • 6.4.2 Andusia Recovered Fuels Limited
  • 6.4.3 Beauparc Group
  • 6.4.4 Biffa Limited
  • 6.4.5 BMH Technology Oy
  • 6.4.6 Enva Group plc
  • 6.4.7 FCC Servicios Medio Ambiente Holding, S.A.U.
  • 6.4.8 Geminor AS
  • 6.4.9 Geocycle SA
  • 6.4.10 Indaver NV
  • 6.4.11 N+P Group Holdings Ltd.
  • 6.4.12 PreZero International GmbH
  • 6.4.13 REMONDIS SE & Co. KG
  • 6.4.14 Renewi plc
  • 6.4.15 SUEZ S.A.
  • 6.4.16 Veolia Environnement S.A.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment