Global Waste-to-diesel Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Waste-to-diesel Market” is the title of an upcoming market research report by MarketResearch.biz. Critical factors have been analyzed and studied in depth to present vital data and information in a well-planned format. In addition to the revenue shares of each segment, region, and country, restraints, revenue growth driving factors, as well as opportunities in untapped regions and economies are included. The company profiles of key players comprise detailed information, recent developments, strategies, acquisitions & mergers, etc. The global waste-to-diesel market is segmented by source, technology, and regions/countries.
Global Waste-to-diesel Market: Overview
The conversion of waste-to-diesel is an efficient means of waste management that is cost-effective and helps to promote the conservation of fossil fuels. Governments across different countries are looking for an effective solution for waste disposal as well as conservation of natural resources. The process of converting waste such as plastic waste, fat or oil waste, and municipal waste into usable diesel through the use of technology helps serve both purposes.
With fuel reserves depleting rapidly and the increasing consumption of plastic products on a global-scale, diesel produced from urban waste could be a viable solution for the automotive industry.
Global Waste-to-diesel Market: Dynamics
Drivers: The increasing development of the automotive sector across countries as well as a growing concern over waste management are some of the factors that are contributing to the significant growth of the global waste-to-diesel market. The use of diesel processed from waste is increasing in ships, trucks, diesel-sourced power generators, etc. Such factors offer growth opportunities in the target market. In addition, strict government policies on waste control and recycling of garbage will lead to the growth of the recycling industry, which, in turn, is expected to foster market growth.
There have been a growing number of investments in research & development activities to devise cost-efficient methods of installing waste processing plants. Few advances have been made in terms of devising innovative ways such as the use of mobile reactors to generate diesel from plastic. This was achieved through the collaboration of a company based in Michigan and a chemist from the Indian Institute of Science in 2017.
Restraints: Proper knowledge pertaining to the use of technologies and the availability of the same could possibly restrain this market’s growth. The type of technology implemented in waste processing depends on the waste in question. Different types of machinery are required to treat different types of waste.
Global Waste-to-diesel Market Segment Analysis
By Source: The municipal waste segment is projected to account for the highest revenue share over the next 10 years. Increasing plants for the purpose of processing municipal solid waste (MSW) are among some of the factors that are contributing to this segment’s growth.
By Technology: The Pyrolysis segment is expected to continue to account for the majority revenue share when compared to other technology segments over the years to come. The increasing use of non-renewable energy resources as a result of awareness of environmental concerns is expected to contribute to this segment’s growth.
Global Waste-to-diesel Market Regional Analysis:
The market in Europe is projected to continue to account for the majority of the revenue share of this market over the foreseeable future. This can be attributed to the availability of major companies and a booming manufacturing sector in the region. These companies are investing in research & development activities to improve serviceability and formulate innovations that are expected to support the growth of this market in the region.
The market in North America is projected to index significant growth over the next 10 years. A rising number of waste transfer stations and efficient waste collection systems in countries such as Mexico, the US, etc. are some major factors that will lead to market revenue growth in the region. The establishment of waste treatment plants in Mexico is also a factor that will contribute to market growth.
The Asia Pacific market is expected to register a high Compounded Annual Growth Rate (CAGR) due to a flourishing automotive industry in countries such as China, India and Japan. Increasing technological advancements and growing waste processing plant establishments in many countries of the region are expected to contribute to significant market growth in the coming years.
Global Waste-to-diesel Market Segmentation:
- Oil & fat waste
- Municipal waste
- Plastic waste
- 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$
- Philip Morris International Inc.
- Gudang Garam
- Nojorono Tobacco Indonesia
- Japan Tobacco
- British American Tobacco
- Wismilak Group
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