Recycled Plastic and Plastic Waste to Oil Market Analysis

  • Report ID: 3337
  • Published Date: Aug 29, 2024
  • Report Format: PDF, PPT

Recycled Plastic and Plastic Waste to Oil Market Analysis

The global recycled plastic and plastic waste to oil market is segmented by fuel type, into diesel, gasoline, naphtha, fuel oil, and others, out of which, the diesel segment is anticipated to hold the largest share in the market during the forecast period on account of increasing use of pyrolysis diesel as an additive for the diesel obtained from fossil fuel. On the basis of plastic, the market is segmented into low density polyethylene, high density polyethylene, polypropylene, and others, out of which the low-density polyethylene (LDPE) segment is projected to garner significant share by the end of 2030, as LDPE is single-use plastic and cannot be recycled, which is why, the government and private companies aim to use this waste for producing oil.

Our in-depth analysis of the global recycled plastic and plastic waste to oil market includes the following segments

 

           By Plastic

 

  • Low Density Polyethylene (LDPE)
  • High Density Polyethylene (HDPE)
  • Polypropylene
  • Others

          By Fuel Type

  • Diesel
  • Gasoline
  • Naphtha
  • Fuel Oil
  • Others

          By Application

 

  • IC Engine
  • Fuel Additives
  • Others
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Author Credits:  Dhruv Bhatia


  • Report ID: 3337
  • Published Date: Aug 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of recycled plastic and plastic waste to oil is assessed at USD 79.2 million.

Recycled Plastic and Plastic Waste to Oil Market size was valued at USD 73.5 million in 2023 and is expected to exceed USD 244.89 million by 2036, registering over 9.7% CAGR during the forecast period i.e., between 2024-2036. Rising demand for recycling plastic waste, and increasing adoption of plastic waste to oil technology will fuel the market growth.

North America is likely to account for largest revenue share by 2036, on the back of presence of various market players in the U.S.

The major players in the market include Plastic Advanced Recycling Corporation, Brightmark LLC., MK Aromatics Limited, Agilyx Corporation, Plastic2Oil, Inc., nexus Fuels, LLC, and others.
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