The global plastics industry as fuel until 2028

Dublin, 18 Feb. 2022 (GLOBE NEWSWIRE) — The report “Plastic to Fuel Market Forecast to 2028 – COVID-19 Impact and Global Analysis” has been added to from offer.

Plastic for Fuel Market was valued at USD 3521.09 Million in 2021 and is projected to reach USD 8804.20 Million by 2028; it is expected to grow at a CAGR of 14.0% from 2021 to 2028.

With the increase in human population, rapid economic expansion, continued urbanization and lifestyle changes, the production and consumption of plastic waste is increasing at an alarming rate. Plastic waste has been a growing concern around the world in recent years. With a growing addiction to plastic, the practice of carelessly disposing of plastic has become commonplace. Several waste recovery methods have been created over the years to recycle and reuse plastic in innovative ways. Converting plastic waste into fuel and making it usable for both residential and industrial needs is one of the current innovations. The conversion of plastic into fuel has already been successfully carried out in countries such as Japan, Germany and the United States. These three elements have also been effective in turning conversion processes into viable business models. Similarly, countries like India and Canada are increasingly adopting the plastic-to-fuel process.

Based on technology, the pyrolysis segment held the largest share of the global plastic for fuel market. Pyrolysis is a well-known method for producing fuel from plastic. It is a thermal degradation process that occurs in the absence of oxygen at a temperature between 400 and 500C. The penetration of pyrolysis in the plastics in fuel market is driven by the growing demand for liquid fuel in end-user sectors and the cost effectiveness of pyrolysis compared to alternative thermal degradation technologies. Additionally, there are various vendors of system components and equipment in the market, which reduces downtime and delays in operations. Companies are increasingly considering pyrolysis as a leading solution for their PTF plants. Agilyx Inc., for example, uses pyrolysis technology in its IP protected reactor where post-use plastic is broken down for processing. It allows energy and raw materials from waste to be reused, reducing the environmental impact of improper waste disposal.

The COVID-19 outbreak that is spreading across the globe has had a critical impact on all industries globally. Any impediment to industries directly affects the economic development of the region. The unprecedented increase in the number of confirmed cases of COVID-19 in countries and the subsequent lockdown to combat the spread of the virus in the first two quarters of 2020 have led many businesses to go into standby. In 2020, technology investments have seen a decline for the reasons mentioned above. The sudden lockdown imposed in many countries around the world, due to the epidemic, has severely affected industrial facilities, resulting in reduced operations. Consequently, the plastic for fuel market has witnessed a decline in growth. However, the economy is expected to normalize in the coming years and plastic fuel plant activity around the world also began to normalize in the third quarter of 2021.

Reasons to buy

  • Save and reduce time spent on entry-level research by identifying the growth, size, leading players and segments in the global Plastic for Fuel Market
  • Highlights key business priorities to help companies realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Global Plastic for Fuel Market, thereby allowing players across the value chain to develop effective long term strategies
  • Develop/modify business expansion plans using substantial growth offering in both developed and emerging markets
  • Dive deep into the global market trends and outlook associated with the factors driving the market, as well as those hindering it
  • Improve the decision-making process by understanding the strategies that drive business interest with respect to customer products, segmentation, pricing and distribution

Main topics covered:

1. Introduction

2. Main Takeaways

3. Research methodology

4. Plastic for Fuel Market Landscape
4.1 Market Overview
4.2 PEST analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST analysis
4.2.3 Asia Pacific – PEST Analysis
4.2.4 Rest of the world – PEST analysis
4.3 Ecosystem Analysis

5. From Plastic to Fuel – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Awareness of Greenhouse Gas Emissions from the Fuel Manufacturing Sector
5.1.2 Increased energy requirements
5.2 Market Constraints
5.2.1 Concerns about the use of non-renewable energy sources
5.3 Market Opportunities
5.3.1 Introduction of the Go Green process
5.4 Future trends
5.4.1 Waste to Fuel initiatives
5.5 Impact analysis of drivers and constraints

6. From Plastic to Fuel – Global Market Analysis
6.1 Global Plastic for Fuel Market Overview
6.2 Global Plastic for Fuel Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players

7. Plastic to Fuel Market – By Technology
7.1 Overview
7.2 Plastic to Fuel Market, by Technology (2020 & 2028)
7.3 Pyrolysis
7.3.1 Overview
7.3.2 Pyrolysis: Plastic for Fuel Market Revenue and Forecast to 2028 (Million US$)
7.4 Gasification
7.4.1 Overview
7.4.2 Gasification: Plastic for Fuel Market Revenue and Forecast to 2028 (Million US$)
7.5 Depolymerization
7.5.1 Overview
7.5.2 Depolymerization: Plastic for Fuel Market Revenue and Forecast to 2028 (Million US$)

8. Plastic to Fuel Market – By End Product
8.1 Overview
8.2 Plastic to Fuel Market, by End Product (2020 & 2028)
8.3 Crude oil
8.3.1 Preview
8.3.2 Crude Oil: Plastic for Fuel Market Revenue and Forecast to 2028 (Million US$)
8.4 Hydrogen
8.4.1 Preview
8.4.2 Hydrogen: Plastic for Fuel Market Revenue and Forecast to 2028 (Million US$)
8.5 Others
8.5.1 Overview
8.5.2 Other: Plastic for Fuel Market Revenue and Forecast to 2028 (Million US$)

9. Plastic to Fuel Market – Geographical Analysis

10. Impact of the COVID-19 pandemic on the plastic for fuel market
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Rest of the world

11. Industry Landscape
11.1 Market initiative
11.2 Merger and acquisition
11.3 New development

12. Company Profiles
12.1 Agilix
12.1.1 Key Facts
12.1.2 Description of the activity
12.1.3 Products and services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Klean Industries Inc.
12.2.1 Key Facts
12.2.2 Description of the activity
12.2.3 Products and services
12.2.4 Financial overview
12.2.5 SWOT Analysis
12.2.6 Main developments
12.3 nexus FUELS, LLC
12.3.1 Key Facts
12.3.2 Description of the activity
12.3.3 Products and services
12.3.4 Financial overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Plastic2Oil, Inc.
12.4.1 Key Facts
12.4.2 Description of activity
12.4.3 Products and services
12.4.4 Financial overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Cassandra Oil AB
12.5.1 Key Facts
12.5.2 Description of activity
12.5.3 Products and services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Bradam Group, LLC.
12.6.1 Key Facts
12.6.2 Description of activity
12.6.3 Products and services
12.6.4 Financial overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7.1 Key Facts
12.7.2 Description of activity
12.7.3 Products and services
12.7.4 Financial overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 MK Aromatics Limited
12.8.1 Key Facts
12.8.2 Description of activity
12.8.3 Products and services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Plastic Advanced Recycling Corp.
12.9.1 Key Facts
12.9.2 Description of activity
12.9.3 Products and services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Major Developments
12.10 OMV Aktiengesellschaft
12.10.1 Key Facts
12.10.2 Description of activity
12.10.3 Products and services
12.10.4 Financial overview
12.10.5 SWOT Analysis
12.10.6 Key Developments

13. Appendix

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  • Global plastic for fuel market