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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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 HighlightsPyrolysis 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 PlayersVadaxx 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.
Plastic To Fuel Technology OutlookPyrolysis Depolymerization Gasification
Plastic To Fuel End-fuel OutlookSulfur Hydrogen Crude Oil Others
Plastic To Fuel Regional OutlookNorth 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
In this study, the years considered to estimate the market size of Plastic To Fuel are as follows:Historic Year: 2016-2019 Base Year: 2020 Forecast Year 2020 to 2027
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– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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. Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/35886 or call: +1 9197 992 333