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North America Plastic to Fuel Market

2021

North America 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)

Publication Month: Oct 2021 | Report Code: TIPRE00025223 | No. of Pages: 91 | Category: Energy and Power | Status: Published

Market Insights

North America Plastic to Fuel Market to Grow at a CAGR of 11.4% to reach US$ 138.11 million from 2021 to 2028

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The North America plastic to fuel market is expected to grow from US$ 64.77 million in 2021 to US$ 138.11 million by 2028; it is estimated to grow at a CAGR of 11.4% from 2021 to 2028.


The US, Canada, and Mexico are economies in North America. Increasing awareness regarding greenhouse gas emission from fuel making sector is expected to surge the market growth. Food and green waste account for 44% of region garbage, while dry recyclables such as paper, cardboard, plastic, glass, and metal account for 38%. Due to economic development, population expansion, and the degree of urbanization, it is predicted that the quantity of waste created may continue to rise. However, at least 33% of garbage is thrown in the open and is not managed in an environmentally friendly manner. Approximately 93% of garbage is burnt or deposited on road easements, open areas, or rivers, particularly in low-income nations such as Mexico. Nonrecyclable polymers such as polystyrene, polyethylene terephthalate (PET), and polyvinyl chloride (PVC) are currently the major sources of concern. More than 90% of plastic is not recycled and is discarded, landfilled, or simply poured into the ocean instead. Only 9–10% of waste plastic has been collected and recycled, implying that only 9–10% of waste plastic has been collected and recycled. This opens up a huge market potential for the plastic-to-fuel industry, since recycling these waste plastics will produce nonrecyclable waste plastics that can be used in PFT in the not-too-distant future. As a result, the demand for plastic to fuel facilities is projected to rise as nonrecyclable plastics are recovered from recycling facilities and new/landfill sources. Waste to energy (WTE), in particular, has a role to play in achieving the transformation to a sustainable energy ecosystem as a renewable energy source to reduce greenhouse gas (GHG) emissions, a clean demand response option, an eco-industrial park design consideration, and sometimes the only option for end-of-life waste treatment. So, growing awareness regarding greenhouse effect and pollution is expected to increase the demand of plastic to fuel, thereby driving the North America plastic to fuel market

In case of COVID-19, North America is highly affected specially the US. The North American countries produce and consume plastic in tremendously high volume. In 2020, the demand for plastic rose enormously due to the production of medical devices and protection equipment. This highlighted enormous volume of plastic waste as at the end of life of the plastic made medical devices and protection equipment, these products were disposed to plastic landfills/pits. The North American region has a number of plastics to fuel recycling companies, especially in the US and Canada. The massive outbreak of the virus in the US had crippled the operations of various plastic to fuel recycling units. The disruption in logistics of plastic waste to fuel conversion units/plants resulted in lower volume of production in the year. This highlighted lower revenue among the companies as well as in the plastic to fuel market. Several companies have adopted different strategies to continue their operations and increase their annual sales statistics. For instance, Agilyx Inc., one of the forerunners in the plastic to fuel market developed a strategy to launch Cyclyx International LLC, a post-use plastic feedstock management in 2020. The new company aims at increasing recycling of waste plastic. This strategy is anticipated to boost Agilyx Inc’s business in the coming years. Similarly, in 2020, Nexus Fuel LLC and Shell agreed on contract, where Nexus Fuel LLC would supply Shell a volume of 60,000 tonnes of pyrolysis liquid derived from plastic waste to Shell over a period of 4years.

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 North America plastic to fuel market. The North America plastic to fuel market is expected to grow at a good CAGR during the forecast period.

Get more information on this report :


North America Plastic to Fuel Market Segmentation

North America Plastic to Fuel Market – By Technology

  • Pyrolysis
  • Gasification
  • Depolymerization

North America Plastic to Fuel Market – By End Product

  • Crude Oil
  • Hydrogen
  • Others

North America Plastic to Fuel Market, by Country

  • US
  • Canada
  • Mexico

North America Plastic to Fuel Market -Companies Mentioned

  • Agilyx
  • Bradam Group, LLC.
  • Cassandra Oil AB
  • Klean Industries Inc.
  • nexus FUELS, LLC
  • OMV Aktiengesellschaft
  • Plastic Advanced Recycling Corp.
  • Plastic2Oil, Inc.
  • RESYNERGI

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Plastic to Fuel Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Ecosystem Analysis

5. North America Plastic to Fuel Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Awareness Regarding Green House Gas Emission from Fuel Making Sector

5.1.2 Rising Energy Requirement

5.2 Market Restraints

5.2.1 Problems Regarding Usage of Non-renewable Energy Sources

5.3 Market Opportunities

5.3.1 Start of Go Green Process

5.4 Future Trends

5.4.1 Surging Waste to Fuel Initiatives

5.5 Impact Analysis of Drivers and Restraints

6. Plastic to Fuel Market – North America Analysis

6.1 North America Plastic to Fuel Market Overview

6.2 North America Plastic to Fuel Market Revenue Forecast and Analysis

7. North America Plastic to Fuel Market Analysis– By Technology

7.1 Overview

7.2 North America Plastic to Fuel Market, by Technology (2020 & 2028)

7.3 Pyrolysis

7.3.1 Overview

7.3.2 Pyrolysis: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

7.4 Gasification

7.4.1 Overview

7.4.2 Gasification: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

7.5 Depolymerization

7.5.1 Overview

7.5.2 Depolymerization: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

8. North America Plastic to Fuel Market Analysis– By End Product

8.1 Overview

8.2 North America Plastic to Fuel Market, by End Product (2020 & 2028)

8.3 Crude Oil

8.3.1 Overview

8.3.2 Crude Oil: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

8.4 Hydrogen

8.4.1 Overview

8.4.2 Hydrogen: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

8.5 Others

8.5.1 Overview

8.5.2 Others: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

9. North America Plastic to Fuel Market – Country Analysis

9.1 Overview

9.1.1 North America: Plastic to Fuel Market, by Key Country

9.1.1.1 US: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 US: Plastic to Fuel Market, by Technology

9.1.1.1.2 US: Plastic to Fuel Market, by End Product

9.1.1.2 Canada: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 Canada: Plastic to Fuel Market, by Technology

9.1.1.2.2 Canada: Plastic to Fuel Market, by End Product

9.1.1.3 Mexico: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 Mexico: Plastic to Fuel Market, by Technology

9.1.1.3.2 Mexico: Plastic to Fuel Market, by End Product

10. Impact of COVID-19 Pandemic on North America Plastic to Fuel Market

10.1 North America

11. Industry Landscape

11.1 Market Initiative

11.2 Merger and Acquisition

11.3 New Development

12. Company Profiles

12.1 Agilyx

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Klean Industries Inc.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 nexus FUELS, LLC

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Plastic2Oil, Inc.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Cassandra Oil AB

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Bradam Group, LLC.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 RESYNERGI

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Plastic Advanced Recycling Corp.

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 OMV Aktiengesellschaft

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. North America Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

Table 2. North America: Plastic to Fuel Market, by Countries – Revenue and Forecast to 2028 (US$ Million)

Table 3. US: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

Table 4. US: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

Table 5. Canada: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

Table 6. Canada: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

Table 7. Mexico: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

Table 8. Mexico: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

Table 9. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Plastic to Fuel Market Segmentation

Figure 2. North America Plastic to Fuel Market Segmentation – By Country

Figure 3. North America Plastic to Fuel Market Overview

Figure 4. North America Plastic to Fuel Market, by Technology

Figure 5. North America Plastic to Fuel Market, by End Product

Figure 6. North America Plastic to Fuel Market, By Country

Figure 7. North America – PEST Analysis

Figure 8. North America Plastic to Fuel Market: Ecosystem Analysis

Figure 9. North America Plastic to Fuel Market: Impact Analysis of Drivers and Restraints

Figure 10. North America Plastic to Fuel Market Revenue Forecast and Analysis (US$ Million)

Figure 11. North America Plastic to Fuel Market, by Technology (2020 & 2028)

Figure 12. North America Pyrolysis: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

Figure 13. North America Gasification: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. North America Depolymerization: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

Figure 15. North America Plastic to Fuel Market, by End Product (2020 & 2028)

Figure 16. North America Crude Oil: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. North America Hydrogen: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

Figure 18. North America Others: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. North America: Plastic to Fuel Market, by Key Country – Revenue (2020) (USD Million)

Figure 20. North America: Plastic to Fuel Market Revenue Share, by Key Country (2020 and 2028)

Figure 21. US: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Canada: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Mexico: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Impact of COVID-19 Pandemic in North American Country Markets

  1. Agilyx
  2. Bradam Group, LLC.
  3. Cassandra Oil AB
  4. Klean Industries Inc.
  5. nexus FUELS, LLC
  6. OMV Aktiengesellschaft
  7. Plastic Advanced Recycling Corp.
  8. Plastic2Oil, Inc.
  9. RESYNERGI
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America plastic to fuel market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America plastic to fuel market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets  
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the plastic to fuel market, as well as those hindering it  
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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