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Recycled Plastic & Plastic Waste to Oil Market Driven By Disposal of Plastics
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The global recycled plastic & plastic waste to oil market has been broadly segmented on the basis of plastic type into polyethylene (PE), polyethylene terephthalate (PET), polystyrene (PS), polyvinyl chloride (PVC), polypropylene (PP), and other plastics (acrylic, polycarbonate, polylactic fibers, nylon, and fiberglass). On the basis of technology, the global recycled plastic & plastic waste to oil market has been segmented into pyrolysis, gasification and synthesis, and catalytic depolymerization processes. The global recycled plastic & plastic waste to oil market has also been segmented on the basis on end-fuel into diesel, gasoline, kerosene, synthetic gases, and others.
Plastic to oil (fuel) process is one of the highly efficient technologies to convert plastic into synthetic crude oil and other petroleum products. Plastic to oil (fuel) systems process feedstock (different types of plastic) and convert it into synthetic crude oil, its distillates, and other refined petroleum products. Plastic to oil (fuel) process not only aids in converting plastic to synthetic crude oil (fuel) but also enables eco-friendly disposal of plastic waste. Plastic to oil (fuel) process is an advanced waste conversion technology that is considered complementary to existing plastic recycling efforts as it usually does not consider plastic resins that are valued by the recycling markets. Plastic to oil (fuel) process is not projected to be a replacement to traditional recycling practices, but due to low plastic recycling rates, it is becoming a feasible addition to plastic waste management infrastructure. Rising environmental concerns across the globe and increasing government and environmental regulations against the disposal of plastics have augmented the sales of plastic to oil (fuel) systems across the globe. Countries dependent on crude oil imports have started adopting plastic to oil (fuel) processes which has also boosted the sales of plastic to oi (fuel) systems. Increasing plastic production globally is also expected to boost the revenues of the recycled plastic & plastic waste to oil market.
Pyrolysis process was the largest technology segment of the global recycled plastic & plastic waste to oil market, accounting for more than 50% of the global share in 2014. Pyrolysis process is expected to dominate the market due to its lower CAPEX requirements as compared to gasification and catalytic depolymerization processes. Polyethylene (PE) was the largest plastic type segment of the global recycled plastic & plastic waste to oil market, accounting for more than 40% of the global share in 2014. Polyethylene (PE) is one of the most preferred plastic types for plastic to oil (fuel) processes owing to its high energy conversion rates. On the basis of end-fuel, diesel was the largest segment, accounting for more than 50% of the global recycled plastic & plastic waste to oil market share in 2014.
The global recycled plastic & plastic waste to oil market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Europe accounted for more than 35% of the global market share in 2014. Asia Pacific was the second-largest market for recycled plastic & plastic waste to oil in 2014. However, the recycled plastic & plastic waste to oil market in North America and South & Central America are anticipated to grow at fastest rates during the forecast period.
Some of the leading companies in the global recycled plastic & plastic waste to oil market include Agilyx Inc., Cynar Plc, Vadxx Energy LLC, Nexus Fuels, LLC, Clean Blue Technologies Inc., Plastic2Oil Inc. (JBI, Inc.), RES Polyflow, PK Clean, Plastic Advanced Recycling Corporation (PARC), and MK Aromatics Ltd. The report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, key technologies, filed or pending patents, production capacities, and recent developments. The global recycled plastic & plastic waste to oil market has been segmented as follows:
Global Recycled Plastic & Plastic Waste to Oil Market: Plastic Type Analysis
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polystyrene (PS)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Other Plastics
Global Recycled Plastic & Plastic Waste to Oil Market: Technology Analysis
Pyrolysis Process
Gasification and Synthesis Process
Catalytic Depolymerization Process
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Global Recycled Plastic & Plastic Waste to Oil Market: End-Fuel Analysis
Diesel
Gasoline
Kerosene
Synthetic Gases
Others
Global Recycled Plastic & Plastic Waste to Oil Market: Regional Analysis
North America
U.S.
Rest of North America
Europe
Germany
U.K.
Rest of Europe
Asia Pacific
China
Japan
Rest of Asia Pacific
Middle East & Africa
Kingdom of Saudi Arabia
UAE
Rest of Middle East & Africa
South & Central America
Brazil
Rest of South & Central America
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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