Plastic-To-Fuel Market is Forecasted to Reach US$ 662.77 Million in 2028, Says Stratview Research

The global Plastic-To-Fuel market is projected to witness a growth rate of 2.6% annually from 2023 to 2028, with an anticipated size of US$ 662.77 million by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Plastic-To-Fuel market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 662.77 million
Growth (CAGR): 2.6% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Plastic-To-Fuel Market:

The global Plastic-To-Fuel market is segmented based on Source type, Depolymerization type, Fuel type, and Region.

Based on source type - The plastic-to-fuel market is segmented as municipal solid waste, industrial, and others. Municipal solid waste is estimated to be the leading source type in the market during the forecast period owing to the increasing industry size in Latin America and the Middle East because of the high amount of waste generated from the household & municipal sectors.

Further, the availability of feedstock material and the cost of obtaining plastic wastes are expected to have an impact on the consumption trends of municipal solid wastes boosting the growth of the industry over the forecast period.

Based on fuel type - The market is segmented as solid, liquid, and gaseous. The liquid fuel market is estimated to hold the largest share of the market owing to a growing inclination towards sustainability for increasing penetration of liquid fuel during the forecast period.

Further, the shifting attention of oil producers towards the utilization of plastic-to-fuel owing to growing concerns about high quality & sustainability among plastic producers is expected to have a positive influence on the liquid fuel in industry, fueling the market growth during the forecast period.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/1362/plastic-to-fuel-(PTF)-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

In terms of regions, Europe is estimated to account for the major share of the market during the forecast period, owing to the presence of multiple plastic-to-fuel conversion facilities offering high recycling and energy recovery rates from plastic waste in the region.

Moreover, Europe is also focusing on reducing the emission of GHG by 40% from the 1990 levels, boosting the growth of renewable & cleantech sectors, eventually fueling the growth of the regional market over the forecast period. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Plastic-To-Fuel Market Drivers:
Some of the key drivers listed in the report are given below.
• The surge in requirement for high-quality fuel products globally, depletion of fuel sources coupled with the flourishing cleantech industry.
• Growing concerns towards GHG emissions from fuel-making sectors.

Top Companies in the Plastic-To-Fuel Market:
Stratview Research has identified the following companies as the top market players.
• Agilyx Corporation, JBI Inc.
• CBS Technologies.
• Green Envirotec Holdings LLC
• Nexus Fuels, LLC
• Plastic2Oil, Inc.
• RES Polyflow
• Siemens Gamesa Renewable Energy S.A.
• UNITRON Energy Systems Pvt. Ltd.
• Vadxx Energy
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Plastic-To-Fuel Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.