Press release
Global Recycled Plastic & Plastic Waste to Oil Market to reach US$1.97 bn during 2016-2024
This report includes the key market dynamics affecting the recycled plastic & plastic waste to oil market globally. The analysis in the report provides detailed insights into the global recycled plastic & plastic waste to oil market. Major dynamics such as drivers, opportunities, and restraints of the market were analyzed in detail and are illustrated in the report through tables. The report also provides a detailed industry analysis of the global recycled plastic & plastic waste to oil market with the help of Porter’s Five Forces model.
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The recycled plastic & plastic waste to oil market has been broadly segmented on the basis of plastic type, technology, end-fuel, and geography. The recycled plastic & plastic waste to oil market has been segmented on the basis of plastic type into polyethylene (PE), polyethylene terephthalate (PET), polystyrene (PS), polyvinyl chloride (PVC), polypropylene (PP), and other plastics. Polyethylene (PE) was the largest plastic type segment of the recycled plastic & plastic waste to oil market globally, accounting for more than 40% of the global share, in 2014. Polyethylene (PE) is one of the most preferred plastics for plastic to oil (fuel) process owing to its higher energy conversion rates.
View Complete TOC with Tables and Figures at: https://www.researchmoz.us/portable-gas-detection-equipment-market-global-industry-analysis-size-share-growth-trends-and-forecast-2015-2023-report.html/toc
High density polyethylene (HDPE) produces higher yield compared to low density polyethylene (LDPE), predominantly due to issues related to separation. Rising environmental concerns across the globe and increasing government and environmental regulations against disposal of plastics have boosted the installation of plastic to oil (fuel) systems across the globe. However, declining crude oil prices are expected to hamper the growth of global recycled plastic & plastic waste to oil market. Increasing plastic production globally is expected to boost the adoption of plastic to oil (fuel) systems in the next few years.
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. Pyrolysis process is the most widely used technology for converting plastic into oil (fuel). Based on end-fuel, the global recycled plastic & plastic waste to oil market has been segmented into diesel, gasoline, kerosene, synthetic gases, and others. Diesel is the most widely produced fuel from plastic to oil (fuel) process.
Some of the key market participants 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.
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