Press release
Recycled Plastic & Plastic Waste to Oil Market is slated to reach US$1.97 bn by 2024: according to research firm MRRSE
MRRSE
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The recycled plastic & plastic waste to oil market has been broadly segmented on the basis of plastic type, technology, end-fuel, and geography. The recycled plastic & plastic waste to oil market has been segmented on the basis of plastic type into polyethylene (PE), polyethylene terephthalate (PET), polystyrene (PS), polyvinyl chloride (PVC), polypropylene (PP), and other plastics. Polyethylene (PE) was the largest plastic type segment of the recycled plastic & plastic waste to oil market globally, accounting for more than 40% of the global share, in 2014. Polyethylene (PE) is one of the most preferred plastics for plastic to oil (fuel) process owing to its higher energy conversion rates. High density polyethylene (HDPE) produces higher yield compared to low density polyethylene (LDPE), predominantly due to issues related to separation. Rising environmental concerns across the globe and increasing government and environmental regulations against disposal of plastics have boosted the installation of plastic to oil (fuel) systems across the globe. However, declining crude oil prices are expected to hamper the growth of global recycled plastic & plastic waste to oil market. Increasing plastic production globally is expected to boost the adoption of plastic to oil (fuel) systems in the next few years.
On the basis of technology, the global recycled plastic & plastic waste to oil market has been segmented into pyrolysis, gasification and synthesis, and catalytic depolymerization processes. Pyrolysis process is the most widely used technology for converting plastic into oil (fuel). Based on end-fuel, the global recycled plastic & plastic waste to oil market has been segmented into diesel, gasoline, kerosene, synthetic gases, and others. Diesel is the most widely produced fuel from plastic to oil (fuel) process.
The recycled plastic & plastic waste to oil market was analyzed for North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Europe held the major share of the global recycled plastic & plastic waste to oil market, accounting for more than 35% of the global market share, in 2014. Asia Pacific was the second-largest recycled plastic & plastic waste to oil market, followed by North America, in 2014. Middle East & Africa and South & Central America held the fourth-largest and fifth-largest market share, respectively, of the global recycled plastic & plastic waste to oil market in 2014.
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Some of the key market participants in the global recycled plastic & plastic waste to oil market include Agilyx Inc., Cynar Plc, Vadxx Energy LLC, Nexus Fuels LLC, Clean Blue Technologies Inc., Plastic2Oil Inc. (JBI Inc.), RES Polyflow, PK Clean, Plastic Advanced Recycling Corporation (PARC), and MK Aromatics Ltd. The report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, key technologies, filed or pending patents, production capacities, and recent developments. The global recycled plastic & plastic waste to oil market has been segmented as follows:
Global Recycled Plastic & Plastic Waste to Oil Market: Plastic Type Analysis
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polystyrene (PS)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Other Plastics
Global Recycled Plastic & Plastic Waste to Oil Market: Technology Analysis
Pyrolysis Process
Gasification and Synthesis Process
Catalytic Depolymerization Process
Global Recycled Plastic & Plastic Waste to Oil Market: End-Fuel Analysis
Diesel
Gasoline
Kerosene
Synthetic Gases
Others
Global Recycled Plastic & Plastic Waste to Oil Market: Regional Analysis
North America
U.S.
Rest of North America
Europe
Germany
U.K.
Rest of Europe
Asia Pacific
China
Japan
Rest of Asia Pacific
Middle East & Africa
Kingdom of Saudi Arabia
UAE
Rest of Middle East & Africa
South & Central America
Brazil
Rest of South & Central America
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About MRRSE
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
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