Global Recycled Plastic & Plastic Waste to Oil Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Recycled Plastic & Plastic Waste to Oil Market By Type, Technology & End-Fuel: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the recycled plastic & plastic waste to oil market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. European region dominates the recycled plastic & plastic waste to oil market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Over the past few decades, the production and consumption of plastics across the world have been exhibiting an exponential rise and drastically there has been increase in the generation of plastic waste, especially in high-income countries. So, recovery of these plastics is one of the major concerns at the global scale, from an ecological as well as economical point of view. For which different governments executing strict regulations against the disposal of plastics and also encourage the development of technologies that utilize waste plastic and convert it into something useful.
Besides this, rising demand for fuel is provoking organizations to capitalize on plastic wastes to generate oil. As a result, several new players are anticipated to enter the global market and strengthen the competitive scenario in the coming years. The availability of required infrastructure and funds are the key factors for recycled plastics and plastic waste to oil market.
European region is leading the highest market share in recycled plastic & plastic waste to oil market across the globe. Commercialization of catalytic and pyrolysis depolymerization processes in various countries in the region is providing a significant boost to the recycled plastic and plastic waste to oil market. Increasing efforts by governments towards curtailing plastic waste and the modernization of different plastic-to-fuel technologies are contributing to the growth of Asia-Pacific region includes countries such as, Japan & China. The availability of skilled workforce and government incentives is attracting global participants to invest in North American region. However, in LAMEA region Brazil represents largest share in this market.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global recycled plastic & plastic waste to oil market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Agilyx Inc., Cynar Plc, Vadxx Energy LLC, Nexus Fuels LLC, Clean Blue Technologies Inc., Plastic2Oil Inc. (JBI Inc.), RES Polyflow, PK Clean, Plastic Advanced Recycling Corporation (PARC), and MK Aromatics Ltd.
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