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Recycled Plastic and Plastic Waste to Oil Market Trends

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

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Recycled Plastic and Plastic Waste to Oil Market Trends

Growth Drivers

Increasing Demand for Plastic Waste Management
Rising Need for Fuel, backed by the Growing Population

Challenges

Lack of Awareness about Plastic Waste to Oil Technology

Recycled Plastic and Plastic Waste to Oil Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	9.7%
Base Year Market Size (2023)	USD 73.5 million
Forecast Year Market Size (2036)	USD 244.89 million
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Recycled Plastic and Plastic Waste to Oil Market Size Report 2036

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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