United States Advanced Recycling Technologies Market Expands Amid Plastic Waste Crisis, ESG Policies & Circular Economy Push | Key Companies: Honeywell International Inc., Chevron Phillips Chemical Company LLC, Synova, Erema Group, Brightmark, Sierra Inte

Global Advanced Recycling Technologies Market reached US$ 269.8 million in 2022 and is expected to reach US$ 6,381.0 million by 2031, growing with a CAGR of 48.5% during the forecast period 2024-2031.

The new report on the Advanced Recycling Technologies Market, published by DataM Intelligence provides a detailed analysis of market size, share, trends, and growth opportunities from 2024 to 2031. With comprehensive insights into industry dynamics, competitive landscape, and regional developments, this study helps businesses, investors, and stakeholders navigate the fast-evolving market landscape.

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Advanced recycling technologies convert plastics and other waste into reusable raw materials using chemical and thermal processes. In the U.S., the market is gaining momentum due to sustainability regulations, corporate commitments to circular economy models, and strong investments from oil & chemical majors.

Latest Industry Update from United States on Advanced Recycling Technologies Market:

United States: Recent Industry Developments
✅ In July 2025, ExxonMobil commissioned its large-scale advanced recycling facility in Texas. The plant converts plastic waste into high-quality feedstock. It strengthens circular economy initiatives in the U.S.

✅ In June 2025, Eastman Chemical invested $500 million to expand molecular recycling operations. The facility will process mixed plastic waste. It supports sustainable raw material sourcing for specialty chemicals.

✅ In May 2025, Honeywell partnered with Waste Management Inc. to deploy chemical recycling technology. The collaboration scales up conversion of hard-to-recycle plastics. It addresses growing sustainability demands.
Advanced Recycling Technologies Market Key Companies:

The report profiles leading players shaping the Advanced Recycling Technologies Market, including:

Key Players

Honeywell International Inc., Chevron Phillips Chemical Company LLC, Synova, Erema Group, Brightmark, Sierra International Machinery, Metso Outotec Corporation, Machinex Industries Inc., Vecoplan AG and Tomra Systems ASA.

These companies are adopting strategies such as product launches, mergers & acquisitions, and partnerships to expand their market footprint.

Growth Driver:

The advanced recycling technologies market is expanding due to rising concerns over plastic waste, strict government regulations, and growing demand for circular economy solutions. Chemical recycling, pyrolysis, and depolymerization technologies are gaining traction as they convert waste into high-value materials. Increasing corporate commitments toward sustainability and investments in eco-friendly recycling infrastructure further drive market growth.

Latest Industry Update from Japan on Advanced Recycling Technologies Market:

Japan: Recent Industry Developments

✅ In July 2025, Mitsubishi Chemical launched an advanced recycling pilot plant in Yokohama. The facility focuses on depolymerization of PET plastics. It contributes to Japan's plastic circularity targets.
✅ In June 2025, Idemitsu Kosan partnered with Ricoh to develop chemical recycling for office equipment plastics. The initiative promotes sustainable e-waste management. It supports Japan's carbon neutrality roadmap.
✅ In May 2025, Toray Industries expanded its advanced recycling R&D for fiber-to-fiber textile conversion. The program accelerates closed-loop systems in the apparel industry. It reinforces Japan's role in sustainable innovation.

Comprehensive Market Segmentation:

The Advanced Recycling Technologies Market has been segmented to provide a clear understanding of its structure and dynamics. The report categorizes the market by product type, application, end-user industry, and region, offering detailed insights into each segment's growth potential. This segmentation helps stakeholders identify key opportunities, evaluate demand patterns, and develop targeted strategies to strengthen their market position.

By Technology (Pyrolysis / Cracking, Gasification, Depolymerization, Others), By Process Output (Naphtha, Heavy Gas Oil, Wax Residue), By End-User (Packaging, Building and Construction, Consumer Electronics, Automotive, Healthcare, Others)

Regional Outlook Highlighting Growth:

• North America: Expected to dominate the Advanced Recycling Technologies market due to high technology adoption and strong industry presence.
• Europe: Witnessing steady growth in Advanced Recycling Technologies market, supported by sustainability initiatives and regulatory support.
• Asia-Pacific: Anticipated to be the fastest-growing region in the Advanced Recycling Technologies Market, led by rising demand in China, India, and Japan.
• Latin America & Middle East/Africa: Emerging Advanced Recycling Technologies markets offering untapped opportunities, particularly in Advanced Recycling Technologies.

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FAQ
✅ What is the expected CAGR of the advanced recycling technologies market?
✅ Which materials (plastics, metals, e-waste) are most impacted by advanced recycling?
✅ Who are the leading players driving innovation in advanced recycling?

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