Global Plastic-to-Fuel Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Plastic-to-Fuel Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global plastic-to-fuel market has been segmented on the basis of technology, end-fuel, as well as regions and countries.
The thermal and catalytic processes of converting waste plastics into fuels are promising techniques to eliminate the refuse, which otherwise, is harmful to the environment, and to decrease the dependence on fossil fuels. Thermal degradation breaks down plastic into three fractions – solid residue, crude oil and gas.
The increasing demand for the generation of energy from waste is expected to fuel further research & development towards the proliferation of advancements that improve the efficiency of clean energy yielded. This is a primary factor that is expected to boost future revenue growth of the global plastic-to-fuel market in the coming years. Increasing government aid in the form of financial incentives and tax benefits, as well as a favorable regulatory layout is expected to have a significant impact on future market growth.
The rising demand from the recycling industry in developed economies such as Sweden, Japan, Netherlands, the US, Germany, etc., where major companies such as BP, Chevron, etc. are introducing novel plastic-to-fuel techniques, are slated to have a positive influence on revenue growth of the plastics-to-fuel market in the years to come.
In recent years, there has been an increased adoption of hydrogen-powered fuel cells as it is classed as a pollution-free source of energy, and used extensively to power buses and cars. This factor is expected to boost the production of hydrogen from plastics over the next 10 years.
Segmentation of the global plastic-to-fuel market is as follows:
In terms of technology, the pyrolysis technology segment accounted for the majority revenue share of the global plastic-to-fuel market in 2019, as it is more efficient than other technologies at processing unwashed, mixed and soiled plastics.
With respect to end-use, the crude oil segment accounted for the highest number of revenue shares of the global market, as the products from this segment have a wide array of applications in ships, tractors, boilers, automobiles, construction machinery, power generators, etc.
Regional Segmentation and Analysis:
The APAC accounted for the majority revenue share of the global center stack display market in 2019. Increasing urbanization and industrialization, as well as favorable government regulations and policies are expected to fuel market growth in the years to come. Europe accounted for the second-largest revenue share of the global market.
Segmentation of the Global Plastic-to-Fuel Market:
Segmentation by Technology Outlook:
Segmentation by End-Fuel:
- Crude Oil
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Vadaxx Energy
- RES Polyflow
- Green Envirotec Holdings LLC
- Agilyx Corporation
- JBI Inc.
- Shangqiu Sihai Machinery Equipment Manufacturing Co. Ltd.
- Beston (Henan) Machinery Co. Ltd.
- Zhangzhou Qiyu Renewable Energy Technology Co. Ltd.
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