Plastic to Fuel Market Segmentation, Forecast, Market Analysis, Industry Size and Share to 2025

Plastic to fuel technologies can address a critical fraction of the plastic waste stream such as low-density polyethylene, polystyrene, and others that has been historically difficult to reutilize. The plastic to fuel technologies produce a local source of synthetic crude oil and/or refined fuels to displace fossil fuel derived imports. The plastic waste can be utilized to produce fuels by various technologies such as pyrolysis, gasification, and depolymerization.

The global plastic to fuel market is considerably growing owing to increasing environmental concern due to plastics waste, coupled with rising awareness towards plastic recycling. Moreover, rising demand for fossil fuels from the automotive and manufacturing industries are contributing to the growth of the plastic to fuel market during the forecast period.

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The global plastic to fuel market is further classified based on geography including North America, Europe, Asia-Pacific and Rest of the World. North America plastic to fuel market is estimated to have a significant market share due to the high demand for recycling of plastic wastes coupled with government initiatives for plastic recycling. Further, Asia-Pacific has a significant market growth in the plastic to fuel market due to rising awareness towards plastic recycling and conversion into energy. Moreover, investments by the companies to produce fossil fuels by plastics wastes contributing to the growth of the plastic to fuel market in the region.

Moreover, the global plastic to fuel market is influenced by product development and technological advancements conducted by the market players. The players of the plastic to fuel market include Agilyx, Inc., Green EnviroTech Holding Corp., Handerek Technologies Sp.zo.o., MK Aromatics Ltd., Plastic Advanced Recycling Corp., and others.

These players are playing a significant role in the growth of the plastic to fuel market by providing various products and adopting several strategies such as merger, acquisition, partnerships, collaboration, and others. For instance, in November 2018, Agilyx, Inc signed a collaboration with AmSty for the operations of Agilyx's polystyrene recycling facility in Tigard, Oregon, and to track the development of a 50 ton per day polystyrene recycling facility. This would enable the company to increase the revenue by the recycling plastics waste and producing fuels that would further propel the global plastic to fuel market growth.

A full report of Plastic to Fuel Market is available at https://www.orionmarketreports.com/plastic-to-fuel-market/11866/

Global Plastic to Fuel Market-Segmentation

By Technology
o Pyrolysis
o Gasification
o Depolymerization
By End product
o Crude Oil
o Hydrogen
o Others (Sulphur)

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