Press release
Recycled Plastic & Plastic Waste to Oil Market Analysis : TMR
The global market for recycled plastic and plastic waste to oil is expected to reach valuation of around US$1.97 bn by the year 2024. This growth is expected to be achieved at a healthy CAGR of 12.6% during the aforementioned forecast period of 2016 to 2024. Recycled plastic and plastic wastes to oil technologies market in Europe has shown prominence in the recent years. This is due to the huge plastic waste debris found in municipal waste streams that offer substantial opportunities for the recycling companies in Europe.
Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5774
Need for Sustainable Unconventional Oil Sources Drives Recycled Plastic and Plastic Waste to Oil Market
Plastics are resultant of petroleum and thus can be reused to derive oil. With increasing amount of plastic waste across different regions of the world, this process to derive oil (fuel) from plastics waste becomes very important from ecological perspective. According to the World Bank, plastic waste of about 130 million metric tons per year (MTPY) is generated across the globe. One of the major concerns at the global level from an economical as well as ecological point of view is the recovery of the waste plastics. Such a large volume of plastic waste is a big cause of concern and thus, compelling the governments across the world to enact stringent regulations against its disposal. Also, they are encouraging the technological developments that will utilize this huge volume of waste plastics and make something useful out of it. These government regulations have created a positive environment for the growth of global recycled plastic and plastic waste to oil market.
The sharp decline in fossil fuel reserves and swift developments in the technology for conversion of plastic to oil is boosting the plastic recycling technologies market. Additionally, countries depended on fuel imports are now looking at recycled plastic and plastic waste to oil processing technologies to be self-sustainable. Collectively, these factors are likely to encourage investments in research and development of sophisticated technologies that enable better conversion processes.
The report also states that the global market for recycled plastic and plastic waste to oil market is also driven by the increasing demand for more sustainable unconventional oil sources.
Request to download and view full ToC @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5774
Slump in the Crude Oil Prices Pose a Threat for Market Growth
Crude oil prices are at their lowest level in over a decade which has negatively impacted the recycled plastic and plastics waste to oil market. The prices for recycled materials have soared than that of virgin materials, resulting in low demand for recycled materials by manufacturers. Many companies in the market are experiencing the impact of drop in crude oil prices and are thus, adjusting their strategies to make sure the business runs smoothly.
However, plastic to oil is among the best upcoming technologies to derive synthetic crude oil and other oil related products. This process not only helps in producing synthetic fuel but also aids in environment-friendly disposal of waste plastics.
View Report @ http://www.transparencymarketresearch.com/recycled-plastics-plastic-waste-oil-market.html
About Us
Transparency Market Research (TMR) is a 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. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://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 Recycled Plastic & Plastic Waste to Oil Market Analysis : TMR here
News-ID: 701442 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Plastic
Plastic bottles at events - Better party with plastic
Partying, dancing, camping - festivals attract hundreds of thousands of visitors every year in Germany alone. One challenge: supply and safety. For this reason, drinks in glass bottles are banned at most events due to the risk of injury. Lightweight and unbreakable plastic bottles, on the other hand, are considered a safe and practical alternative. Not only that: they can even be used to make a musical instrument.
Festivals or pageants…
Plastic Pallet With Plastic Crate Use: Efficient Material Handling
When it comes to efficient moving and storage of goods, a combination of plastic pallets [https://www.agriculture-solution.com/plastic-pallet/]and plastic crates is a popular choice. They are widely used in various industries such as manufacturing, retail, agriculture, etc. for storage and transportation of goods. Plastic pallets are designed to provide a stable base for stacking and shipping goods, while plastic crates provide safe and protective containers for stored or transported items. Plastic pallets…
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu …
The Worldwide Plastic Granules Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2023-2029. The exploration provides a 360° view and insights, highlighting major outcomes of Worldwide Plastic Granules industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emerging…
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C …
UpMarketResearch offers a Latest report on “Plastic Granules Market Analysis & Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 114 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Request Sample Copy of This Report@ https://www.upmarketresearch.com/home/requested_sample/49052
Plastic Granules research report delivers a close watch on leading competitors with strategic…
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla …
HTF MI recently introduced Global Agriculture Film Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are British Polythene Industries (BPI), Trioplast, Berry Plastics, Armando Alvarez, Polypak, Barbier…
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust …
Building materials in this report covered the PVC pipes and fittings, PPR pipes and fittings, PE pipes and fittings, fabrication, ducts systems for infrastructure, valves and pumps and electrical conduits PVC systems.
At present, Hepworth, National Plastic Industry, Hira Industries, Florance Plastic Industries, Polyfab Plastic Industry, MPI, Union Pipes Industry, ANABEEB, Borouge and ACO Group are the UAE leading suppliers of the building materials, and top ten of them shared about…
