Outlook on the Plastic To Fuel Global Market to 2027 – by Product, Test Type, End-user and Region

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The global Plastic To Fuel market size is expected to be worth around US$ 1.7 billion by 2027, according to a new report by Vision Research Reports.

The global Plastic To Fuel market size was valued at US$ 972.7 million in 2019 and is anticipated to grow at a CAGR of 8.1% during forecast period 2020 to 2027.

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Plastic To Fuel Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 – 2027 – Breakdown Data by Regions, Type, Manufacturers and Applications

Growth Factors

Growing demand for the generation of energy from waste on account of a clean environment has triggered the growth of the market. Increasing household and industrial waste have caused governments in different regions to generate energy from plastic. A favorable regulatory scenario combined with government support in the form of tax benefits and financial incentives should have a positive impact on the market in the coming years. Growing environmental concerns about the use of non-renewable energy sources should hinder the market growth.

Rising developments in the manufacturing industry to produce a high volume of fuel by increasing the production capacity of renewable fuel plants are anticipated to impel market growth over the next few years. In March 2017, the Diamond Green Diesel facility expanded its annual renewable diesel production capacity to 275.0 million gallons using Honeywell’s UOP ecofining technology. Similar interest by other oil and gas giants such as Chevron and Enel are anticipated to drive the market.

Report Highlights

  • Pyrolysis technology was the largest technology segment capturing around 65.2% of the market share in 2019 due to high efficiency
  • The crude oil segment is anticipated to dominate the market due to growing demand from transportation industry and will reach USD 968.2 million in 2027
  • Asia Pacific is anticipated to be the largest regional segment in 2027 accounting for 35.4% market share owing to large amount of plastic waste available and growing energy demand in the region
  • China is anticipated to accumulate the highest revenue by a country in 2027 and is anticipated to witness a CAGR of 8.1% from 2020 to 2027
  • New product launches, research and development, and technological collaborations are some of the strategic initiatives taken up by leading market players.

Key Players

  • Vadaxx Energy
  • Plastic2Oil
  • RES Polyflow
  • Green Envirotec Holdings LLC
  • Agilyx Corporation
  • JBI Inc.
  • Envion
  • Shangqiu Sihai Machinery Equipment Manufacturing Co., Ltd.
  • Beston (Henan) Machinery Co., Ltd.
  • Zhangzhou Qiyu Renewable Energy Technology Co., Ltd.

Market Segmentation

Plastic To Fuel Technology Outlook

  • Pyrolysis
  • Depolymerization
  • Gasification

Plastic To Fuel End-fuel Outlook 

  • Sulfur
  • Hydrogen
  • Crude Oil
  • Others

Plastic To Fuel Regional Outlook 

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Spain
    • U.K.
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Daksh

Daksh is an SEO Analyst having 3 years of experienced. we can quickly understand and support initiatives that will contribute to the goals and success of client campaigns. and also Perform keyword research in coordination with client business objectives to optimize existing content and uncover new opportunities.

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