Press release
Pyrolysis Oil Market is estimated to expand at a CAGR of 4% from 2021 to 2031
Transparency Market Research delivers key insights on the global pyrolysis oil market. In terms of revenue, the global pyrolysis oil market is estimated to expand at a CAGR of 4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global pyrolysis oil market.
Read report Overview-https://www.transparencymarketresearch.com/pyrolysis-oil-market.html
The global pyrolysis oil market has been positively impacted by rise in the production of plastics, coatings, lubricants & solvents, and pharmaceuticals across the globe.
Pyrolysis Oil Market: Dynamics
The global consumption of crude oil has increased significantly in the past few years. As per the BP Statistical Review of World Energy 2021, global crude oil consumption stood at 91.3 million barrels, daily, in 2020. Of this, Asia Pacific accounted for 37.5% of the total global crude oil consumption. Strong growth of economies and rise in population have led to an increase in the consumption of crude oil. Rise in infrastructure development activities significantly propels the demand for crude oil all across the world.
Get Free PDF Brochure of the Report @https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=38711
The increase in crude oil consumption has raised the need for fossil fuel import due to mismatch between demand and supply. For instance, in 2020, oil production in Asia Pacific stood at 7.4 million barrels per day, while oil consumption stood at 34.22 million barrels per day. This has created demand for import of fossil fuel.
Several efforts have been made by researchers in terms of development of sustainable technology for production of crude oil in order to reduce the mismatch between demand and supply.
The ability of the pyrolysis technology to transform non-recycled plastic, tires, and biomass into oil and fuel, which can be used as feedstock in olefin crackers or as transportation fuel, is making its adoption viable across regions. This, in turn, is boosting the market.
Pyrolysis Oil Market: Prominent Regions
In terms of value, Asia Pacific dominated the global pyrolysis oil market in 2020. It has emerged as a highly lucrative region of the global pyrolysis oil market in the past few decades. China held a major share of the pyrolysis oil market in Asia Pacific in 2020. The expansion of the market in the country can be ascribed to continuous urbanization and industrialization.
According to a report by the National Academy of Economic Strategy under the Chinese Academy of Social Sciences, China is expected to witness an urbanization ratio of 70% by 2035. Thus, demand for energy is expected to rise in the near future, which in turn would lead to higher demand for pyrolysis oil in China during the forecast period.
Make an Enquiry before Buying -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=38711
Europe was another lucrative region of the global pyrolysis oil market in 2020. Supportive government policies toward business sustainability programs, intense volatility in crude oil prices, and usage of eco-friendly products are major factors boosting the demand for pyrolysis oil in the region. Furthermore, increase in focus on enhancing the utilization of renewable energy sources is anticipated to propel the pyrolysis oil market in Europe during the forecast period.
North America also accounts for key share of the global pyrolysis oil market. This trend is expected to continue during the forecast period, due to increase in demand for pyrolysis oil in several applications such as building & construction, automobile, and other industries for heat and power generation. The U.S. is expected to dominate the North America pyrolysis oil market during the forecast period due to increase in investment in the pyrolysis oil industry.
Request for Covid-19 Impact Analysis -https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=38711
Pyrolysis Oil Market: Key Players
Key players operating in the global pyrolysis oil market are Agilyx, Inc., Alterra Energy, Plastic2Oil Inc. , Nexus Fuels, Plastic Advanced Recycling Corporation, Brightmark LLC., OMV Aktiengesellschaft , Niutech, Agile Process Chemicals LLP, Klean Industries Inc., BTG Biomass Technology Group, Trident Fuels (Pty) Ltd, Pyro-Oil Nig. Ltd., and Setra.
Explore Related Reports :
Pyrolysis Oil Market-https://www.transparencymarketresearch.com/pyrolysis-oil-market.html
Early Production Facility Market-https://www.transparencymarketresearch.com/europe-middle-east-africa-early-production-facility-market.html
Geosynthetics Market-https://www.transparencymarketresearch.com/geosynthetics-market.html
Advanced Energy Storage Market -https://www.transparencymarketresearch.com/advanced-energy-storage-systems.html
Submarine Power Cable Market -https://www.prnewswire.com/news-releases/submarine-power-cable-market-is-estimated-to-rise-at-a-cagr-of-12-during-the-forecast-period-tmr-study-301564705.html
About Us Section:
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.
Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!
Contact
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website:https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pyrolysis Oil Market is estimated to expand at a CAGR of 4% from 2021 to 2031 here
News-ID: 2665775 • Views: …
More Releases from Transparency Market Research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the…
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key players…
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expected…
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bn…
More Releases for Oil
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
According to Fact.MR, the sales of cooking oils are expected to increase at a steady pace during the forecast period. The global cooking oil market is projected to expand at a value CAGR of 5.5% during the period of assessment (2017-2026). Also, Fact.MR analysis has revealed that the volume sales of cooking oils is estimated to surpass 250,000,000 tons by the end of the year of assessment (2026). Health advantages associated with…
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
Since several years, cooking oil section in supermarkets and hypermarkets has been a crowded spot, where individuals keep choosing on several cooking oil options available that are healthy to consume. Cooking oil is an essential component in daily cooking activity, be it a restaurant or home. This, in combination with increasing population percentage, especially in emerging economies, is expected to fuel the consumption of cooking oils. However, aspects related to…
Specialty Fats and Oils Market (Product Type - Specialty Oils (Corn Oil, Sun Flo …
The global Specialty fats and Oils Market expected to reach a value of US$ 142.1 Bn by 2026. The market projected to grow at a CAGR of 6.6 % in terms of revenue during the forecast period from 2018 to 2026, according to a new research report by Transparency Market Research (TMR). The product manufactured may vary according to the end use application of processing by specialty fats and oils.…
Europe Mosquito Repellent Candles Market by Raw Material Type : Citronella Oil, …
Albany, New York, July 17, 2017 : Recent research and the current scenario as well as future market potential of "Mosquito Repellent Candles Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" globally.
Mosquito repellent candles are having huge untapped potential for growth. In contrast to the other categories of mosquito repellent products that are available in the market such as mosquito creams, liquids, coils, and…
