Asia-Pacific Plastic to Fuel Market Size, Share, and Analysis by 2028

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Asia-Pacific Plastic to Fuel Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Pyrolysis, Gasification, and Depolymerization) and End Product (Crude Oil, Hydrogen, and Others)

  • Report Date : Oct 2021
  • Report Code : TIPRE00025221
  • Category : Energy and Power
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 91

The APAC plastic to fuel market is expected to grow from US$ 112.49 million in 2021 to US$ 331.54 million by 2028; it is estimated to grow at a CAGR of 16.7% from 2021 to 2028.



China, India, Japan, South Korea, and Australia are major economies in APAC. Introduction of go green process is expected to fuel the APAC plastic to fuel market growth. Plastic to fuel initiatives is starting to gain traction in the energy industry, as more people become aware of the widespread environmental damage caused by single-use plastics and people's insufficient recycling habits. This is prompting researchers to look for new ways to dispose of the growing plastic output. An increase in government subsidies for green technology development and attempts to encourage such technologies through increased financing are projected to provide significant market growth possibilities. Furthermore, the government's tightening of energy-security regulations is pressuring businesses to invest in environmentally friendly research. Plastics-to-fuel is a promising option for not just reducing pollution but also bringing major economic benefits to region, thereby driving APAC plastic to fuel market growth. Other factors such as surging awareness regarding greenhouse gas emission from fuel making sector and initiatives from waste to fuel conversion are also expected to fuel the APAC plastic to fuel market growth in coming years.

In case of COVID-19, APAC is highly affected specially India. APAC is characterized by many developing countries, a positive economic outlook, high residential and industrial presence, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various markets, including plastic market. China, one of the largest plastic dependent country and massive plastic landfills, experienced stringent lockdown during initial phase of 2020, which disrupted the global plastic waste supply chain. Even as the factories in China are begun to operate, several businesses have reduced or pause on their operations, thereby, leading the plastic to fuel market players in the country to witness limited volume of plastic waste. This hindered the growth of the plastic to fuel market in the country. Several other countries such as Japan and South Korea are hit hard by the massive outbreak of COVID-19 virus. The countries mentioned above observed substantial time period of nationwide lockdown, thereby, causing the plastic waste conversion units to halt their production. The outcome of which showcased negative impact on the plastic to fuel market. 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC plastic to fuel market. The APAC plastic to fuel market is expected to grow at a good CAGR during the forecast period.
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APAC Plastic to Fuel Market Segmentation

APAC Plastic to Fuel Market – By Technology

  • Pyrolysis
  • Gasification
  • Depolymerization

APAC Plastic to Fuel Market – By End Product

  • Crude Oil
  • Hydrogen
  • Others

APAC Plastic to Fuel Market, by Country

  • Australia
  • China   
  • India
  • Japan
  • South Korea
  • Rest of APAC

APAC Plastic to Fuel Market -Companies Mentioned

  • Agilyx
  • Klean Industries Inc.
  • MK Aromatics Limited
  • OMV Aktiengesellschaft
  • Plastic2Oil, Inc. 

Asia-Pacific Plastic to Fuel Report Scope

Report Attribute Details
Market size in 2021 US$ 112.49 Million
Market Size by 2028 US$ 331.54 Million
Global CAGR (2021 - 2028) 16.7%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Technology
  • Pyrolysis
  • Gasification
  • Depolymerization
By End Product
  • Crude Oil
  • Hydrogen
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Agilyx
  • Klean Industries Inc.
  • MK Aromatics Limited
  • OMV Aktiengesellschaft
  • Plastic2Oil, Inc.
  • Nivedita Upadhyay
    Nivedita Upadhyay
    Manager,
    Market Research & Consulting

    Nivedita is an accomplished research professional with over 9 years of experience in Market Research and Business Consulting. Currently serving as a Project Manager in the ICT domain at The Insight Partners, she brings deep expertise in managing and executing Syndicated, Custom, Subscription-based, and Consulting research assignments across diverse technology sectors.

    With a proven track record of delivering data-driven analysis and actionable insights, Nivedita has been a key contributor to several critical projects. Her work involves end-to-end project execution—right from understanding client objectives, analyzing market trends, to deriving strategic recommendations. She has collaborated extensively with leading ICT companies, helping them identify market opportunities and navigate industry shifts.

    Nivedita holds an MBA in Management from IMS, Dehradun. Prior to joining The Insight Partners, she gained valuable experience at MarketsandMarkets and Future Market Insights in Pune, where she held various research roles and built a strong foundation in industry analysis and client engagement.

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    Our Clients
    1. Agilyx
    2. Klean Industries Inc.
    3. MK Aromatics Limited
    4. OMV Aktiengesellschaft
    5. Plastic2Oil, Inc.
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