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Recycled Plastic and Plastic Waste to Oil Market Share, Size 2022 Movements by Analysis, Progression Status, Revenue Expectation to 2027
The Recycled Plastic and Plastic Waste to Oil Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The Global Recycled Plastic and Plastic Waste to Oil Market Size is Projected to Reach at a CAGR of 10% during 2022-2027.
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Market Overview:
In recent years, the global plastic waste management industry has witnessed significant growth, as plastic waste management limits the adverse effects of plastic waste on the environment. For example, around 1,000 kilograms of recycled plastic saves 685 gallons of oil, nearly 5800 kWh of electricity, and more than 30 cubic yards of landfill space.
Europe leads the world in terms of adoption of the plastic waste management process, due to introduction of stringent regulations and norms pertaining to plastic waste management. For instance, in 2018, Directive (EU) 2018/851 was introduced by the European Commission to reduce the adverse impact of plastic waste generation on the environment and human health.
In addition, several developed countries across Europe have imposed a ban on the disposal of plastic waste in landfills. In 2016, 10 member countries of the European Union banned the dumping of plastic waste in landfills. These countries recorded a significant rise in plastic recovery after imposition of the ban.
Similarly, several other countries across the world are using the concept of ‘Reduce, Reuse, and Recycle (3R) for plastic waste management due to the various advantages associated with it
Top Leading Companies:
Northwood Exploration Israel Limited, MK Aromatics Limited, Agile Process Chemicals LLP, Vadaxx Energy, Plastic Advanced Recycling Corporation, RES POLYFLOW, Nexus Fuels, OMV Aktiengesellschaft, PLASTIC ENERGY, Agilyx, Niutech, Plastic2Oil
Recent Developments:
In June 2019, PLASTIC ENERGY signed a Memorandum of Understanding (MoU) with PETRONAS Chemicals Group (PCG) to conduct a feasibility study to establish a facility for converting plastic waste into TACOIL. This strategic collaboration is aimed at enhancing the company’s penetration into the global recycled plastic and plastic waste to oil market.
In April 2019, PLASTIC ENERGY signed a Memorandum of Understanding (MoU) with the province of West Java (Indonesia) to build five chemical recycling plants. The move is aimed to enable the company to expand its presence in the recycled plastic and plastic waste to oil.
Recycled Plastic and Plastic Waste to Oil Market Segmentation by Type:
Diesel
Gasoline
Others
Recycled Plastic and Plastic Waste to Oil Market Segmentation by Application:
Chemical Plant
Waste Treatment Plant
Other
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Asia Pacific Prominent Recycled Plastic and Plastic Waste to Oil Market
Asia Pacific dominated the global recycled plastic and plastic waste to oil market. The recycled plastic and plastic waste to oil market in the region is expected to expand at a substantial rate during the forecast period, due to rise in the focus on reducing the adverse impacts of climate change, and stringent regulations pertaining to plastic waste management.
North America accounted for the second-largest share of the global recycled plastic and plastic waste to oil market. Increase in investments in demonstration projects to convert plastic waste into synthetic oil in the region is fueling the demand for the plastic to oil conversion technology.
Regional Recycled Plastic and Plastic Waste to Oil Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Recycled Plastic and Plastic Waste to Oil Market Report:
Detailed overview of Recycled Plastic and Plastic Waste to Oil Market
Changing the Recycled Plastic and Plastic Waste to Oil market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Recycled Plastic and Plastic Waste to Oil market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Recycled Plastic and Plastic Waste to Oil Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Recycled Plastic and Plastic Waste to Oil Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Recycled Plastic and Plastic Waste to Oil industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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– Free 40 analyst hours to cover any other data point.
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