U.S. Plastic-to-fuel Market Forecasted to be Worth US$ 98.26 Million by 2020
1. Revenue from sale of processors
2. Revenue from sale of fuels produced using waste plastic processors
3. Revenues from royalties earned by sharing proprietary technology.
Drivers & Trends
The global need for an alternative fuel technology due to depleting natural resources, and increasing use of plastic are among the key drivers of the market. Increasing waste plastic generation necessitates for a recycling technology, which reduces landfill waste in addition to converting waste into combustible fuel meeting environmental standards. Abundant raw material availability coupled with their low cost (sometimes zero cost) attracts more players in this market. However, complexities in the conversion technology as well as high initial setup cost for plastic to fuel conversion facility are witnessed as key constraints for the growth of the U.S. plastic-to-fuel.
U.S. Plastic-to-fuel Market Segmentation by End Product
The U.S. plastic-to-fuel market is poised to reach a valuation of US$ 98.26 million in 2020 from US$ 42.78 million in 2015. The market is expected to witness a CAGR of about 6.79% through 2016 to 2020. The fuels produced using conversion technologies are further sub-segmented as crude oil and diesel, wherein crude oil is anticipated to account for leading market share in 2015. Plastic-to-fuel conversion technologies primarily include pyrolysis, depolymerisation and gasification. Key players in plastic-to-fuel market utilize pyrolysis technology to convert waste plastic into fuel. However, all the players are have incorporated certain modifications in the process, which they have patented as a proprietary technology. In some of the processes, pre-processing of waste plastic is necessary, however, market players are developing technologies in order to reduce pre-processing. This is due to the fact that pre-processing incurs costs and in order to increase the profit margin, pre-processing costs needs to be minimum.
Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-us-448
U.S. Plastic-to-fuel Market Segmentation by Revenue Generating Model
The U.S. plastic-to-fuel market has been segmented in to three revenue generating models, wherein the market revenues can be generated through sale of processors, sale of fuels and royalties earned by companies with proprietary technologies. The revenue generated through sale of processors accounted for the leading share in 2020.
U.S. Plastic-to-fuel Market: Key Players
The U.S. plastic-to-fuel market is dominated by major players, such as Plastic2Oil, Agilyx Corporation, Vadxx Energy, Green Envirotec Holdings LLC and RES polyflow. This players in the market are joining hands with waste plastic feedstock providers such as industries generating waste plastic, local municipalities, etc. Most of the companies have expansion plans in coming years, which is likely to increase the revenues generated in the U.S. plastic to fuel market.
U.S. Plastic-to-fuel Market: Government Grants
As far as the government grants for recycling technologies is concerned, Pyrolysis, which is widely used to convert waste plastic into fuel is not eligible for recycling grants offered by state governments. This is due to the fact that the technology is not categorized under recycling technology and is called conversion technology. However, it can still fetch government grants for green job creation and credits incentives for starting a unit in rural area.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-us-448
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
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 U.S. Plastic-to-fuel Market Forecasted to be Worth US$ 98.26 Million by 2020 here
News-ID: 486147 • Views: 71
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Segmentation
Global Vacuum Packaging: Market Segmentation
Vacuum packaging is a modern methodology for packaging food and various other products. The process involves withdrawal of the air included in the package and then sealing it. Vacuum packaging is a common technique of extending the shelf life of food related products without adversely impacting their quality. Vacuum packaging is an efficient way of decreasing food spoilage, but also generates situations which assist in the growth of anaerobic organisms.
Global Erythropoietin Drugs Market: Segmentation
The global erythropoietin drugs market has been projected in a report by Transparency Market Research (TMR) to witness a rising focus on product development adopted by prominent companies operating in the industry. Players could be persuaded to search for new distributors due to the escalating level of competition in the market. For the purpose of earning an improved return of investment (ROI), players have been predicted to set their focus
Veterinary Drugs Market - Segmentation Details
The global veterinary drugs market is reasonably consolidated, with the top ten companies accounting for more than 70% of the overall market in 2015. Leading companies in the global veterinary drugs market include Merck Animal Health, Elanco Animal Health, Zoetis Inc., Bayer Animal Health, and Merial Animal Health. Fierce competition is the norm in the global veterinary drugs market due to the increasing commercial potential of the market and the
Metabolomics Market Segmentation Analysis
A large pool of players with a robust presence points towards the high degree of competition in the global metabolomics.market Thermo Fisher, Biocrates Life Sciences, Agilent Technologies, Shimadzu, Human Metabolome Technologies, Waters, Metabolon, LECO, Bruker, and Bio-Rad Laboratories are some of the key companies leading this market, finds a new research report by Transparency Market Research (TMR). Hitherto, these companies have relied upon innovation and product advancements for the growth of
Market Segmentation: Global ePharmacy Market
The global ePharmcy market, much like the global e-retail industry, has seen the entry of a large number of players in developed as well as developing economies with high-speed and consistent internet connections and a large consumer base of smart computing devices, observes Transparency Market Research in a recent report. The market is strictly regulated in developed economies across North America and Europe, wherein ePharmacies are registered with a central
Parenteral Nutrition Market: Segmentation Details
Braun Melsungen AG, Fresenius SE & Co. KGaA, and Baxter International, Inc., who collectively held 71% of the global parenteral nutrition market, are focusing on improving their line of products, reports Transparency Market Research. The trend of winning approvals for their new formulations from concerned authorities is also helping them gain a significant footprint in the market, observes TMR. Strategic joint ventures are also being considered by companies to expand their