Plastic to Fuel Market Size, Share & Industry Analysis 2028

    Plastic to Fuel Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Technology (Pyrolysis, Gasification, Depolymerization); End Product (Crude Oil, Hydrogen, Others) and Geography

    Publication Month: Nov 2021 | Report Code: TIPRE00008127 | No. of Pages: 117 | Category: Energy and Power | Status: Published

    The plastic to fuel market was valued at US$ 3521.09 million in 2021 and is projected to reach US$ 8804.20 million by 2028; it is expected to grow at a CAGR of 14.0% from 2021 to 2028.

    The plastic to fuel market is a technology of the circular economy concept, which depends on the creation of high-quality plastic goods from waste. The technology is capital-intensive, and the market's return-on-investment (ROI) time typically ranges from two to five years. However, due to well-established waste management infrastructure, the sector is seeing an increase in the number of producers in the US and Europe. Increasing development in plastics-to-fuel technology and the rising importance of this technology have helped to power America's transportation system and local economies by reducing the amount of garbage sent to landfills and generating fuel and other valuable goods. Waste plastics can be converted to chemical feedstock or fuel. DE polymerization and pyrolysis are the processes used in these conversion technologies.

    Strategic Insights

    In recent years, continuous technical development in recycling and waste disposal has provided a huge opportunity for the plastics-to-fuel sector. Countries such as Turkey, India, and Saudi Arabia have set a target of significantly decreasing their carbon footprint by 2030. As a result of these developments, the demand for pyrolysis oil in the fuel-producing sector has increased. The world economy is projected to improve after the COVID-19 epidemic, which means that energy demands will skyrocket in the next years. In addition, increased R&D to reduce the cost of installing plastic fuel generating facilities is expected to drive the market expansion in these areas. Market participants are likely to benefit from technological improvements in energy generation to enhance the efficiency of waste-derived energy.

    Impact of COVID-19 Pandemic on Plastic To Fuel Market

    The COVID-19 outbreak spreading across the globe has critically impacted all industries globally. Any hindrance on industries directly affects the region's economic development. The unprecedented rise in the number of COVID-19 confirmed cases across the countries and the subsequent lockdown to combat the spread of the virus in the first two quarters of 2020 have led to numerous businesses to come on a standby situation. In 2020, technological investments experienced a dip owing to the above-mentioned reasons. The sudden lockdown imposed in many countries across the world, due to the outbreak, has severely impacted the industrial plants leading to reduced activities. Therefore, the plastic to fuel market witnessed decline in the growth. However, the economy is anticipated to normalize in the coming years and plastic to fuel plants activity throughout the world began to normalize as well in the third quarter of 2021.

    Lucrative Regions for Plastic To Fuel Market

    Lucrative Regions for Plastic To Fuel Market

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    Market Insights

    Increasing Energy Requirement

    Electricity is at the heart of modern economies, and it accounts for an increasing proportion of energy services. As a result of increased family incomes, electrification of transportation and heat, and a rise in demand for digital linked gadgets and air conditioning, the energy demand is expected to rise even more. Based on the current stated policies Scenario, the global electricity consumption will grow at a rate of 2.1% per year until 2040, more than double the rate of primary energy demand. As a result, electricity's share of total final energy consumption will increase from 19% in 2018 to 24% in 2040. In emerging nations, the increase in energy consumption is projected to be particularly large. Government policies, market conditions, and available technology all work together in the Stated Policies Scenario to shift energy supply toward low-carbon sources, with their share growing from 36% (current share) to 52% in 2040. Furthermore, the rising electricity demand was one of the main reasons why global CO2 emissions from the power sector reached a new high in 2018. However, the commercial availability of a diverse range of low-emission generation technologies places electricity at the forefront of efforts to combat climate change and pollution, which is increasing the demand for alternate solutions, thereby resulting in PTF market expansion.

    Technology-Based Market Insights

    Based on technology, the global plastic to fuel market is segmented into pyrolysis, gasification and DE polymerization. The pyrolysis technology dominated the market in 2020, accounting for the bulk of worldwide sales. This approach is more efficient than other technologies at processing mixed, unclean, and dirty polymers. Furthermore, the technique can produce a variety of fuel types, such as biofuel, solid residue, and synthetic gas. During the forecast period, these reasons are expected to boost the market growth for the pyrolysis segment.

    End Product-Based Market Insights

    Based on end product, the plastic to fuel market is segmented into crude oil, hydrogen and others. The crude oil segment dominated the market in 2020, accounting for the majority of global revenue. The others segment, on the other hand, is expected to register the highest CAGR during the forecast period owing to the rising need for energy in both emerging and developed nations as a result of increased industrial activities.

    Product development is the commonly adopted strategy by companies to expand their product portfolio. Agilyx Inc.; Cassandra Oil AB; Klean Industries Inc.; Nexus Fuel LLC; OMV Aktiengesellschaft; Bradam Group, LLC; RESYNERGI; MK Aromatics Ltd.; Plastic2Oil, Inc.; and Plastic Advanced Recycling Corp. are among key players implementing strategies to enlarge the customer base and gain significant share in the global plastic to fuel market, which, in turn, permits them to maintain their brand name globally. A few of the recent key developments are:

    • In 2020, Nexus Fuels LLC and Shell announced a supply agreement for 60,000 tonnes of pyrolysis liquid made from plastic waste for over four years. Nexus will supply fully circular, ISCC Plus-certified product from its Atlanta plant.
    • In 2018, Plastic2Oil, Inc. announced that they are planning to resume limited production and sale of fuel products obtained by processing film plastics and used oils. Plastic2Oil executed an amendment of its agreement with Veridisyn, which extends the date by which the Veridisyn should submit the purchase orders for the first two processors to November 26th, 2018.
    • In 2018, the registration of the oil produced from waste is considered unique by REACH and ECHA. It means that Cassandra Oil is the only waste conversion company in entire Europe, which is entitled to sell their oil in large quantities to refineries.

    Plastic To Fuel Market Segmentation:

    Plastic To Fuel Market – by Technology

    • Pyrolysis
    • Gasification
    • Depolymerization

    Plastic To Fuel Market – by End Product

    • Crude Oil
    • Hydrogen
    • Others

    Plastic To Fuel Market – by Geography

    • North America

      • U.S.
      • Canada
      • Mexico
    • Europe

      • France
      • Germany
      • Italy
      • UK
      • Russia
      • Rest of Europe
    • Asia Pacific (APAC)

      • Australia
      • China
      • India
      • Japan
      • South Korea
      • Rest of APAC
    • Rest of World (ROW)

    Plastic To Fuel Market – Company Profiles

    • Agilyx Inc.
    • Cassandra Oil AB
    • Klean Industries Inc.
    • Nexus Fuel LLC
    • OMV Aktiengesellschaft; Bradam Group, LLC
    • RESYNERGI
    • MK Aromatics Ltd.
    • Plastic2Oil, Inc.
    • Plastic Advanced Recycling Corp.

    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. Plastic to Fuel Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America – PEST Analysis

    4.2.2 Europe – PEST Analysis

    4.2.3 Asia-Pacific – PEST Analysis

    4.2.4 Rest of World – PEST Analysis

    4.3 Ecosystem Analysis

    5. Plastic to Fuel – Key Market Dynamics

    5.1 Market Drivers

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

    5.1.2 Increasing Energy Requirement

    5.2 Market Restraints

    5.2.1 Concerns Regarding Usage of Non-renewable Energy Sources

    5.3 Market Opportunities

    5.3.1 Introduction of Go Green Process

    5.4 Future Trends

    5.4.1 Waste to Fuel Initiatives

    5.5 Impact Analysis of Drivers and Restraints

    6. Plastic to Fuel – Global Market Analysis

    6.1 Global Plastic to Fuel Market Overview

    6.2 Global Plastic to Fuel Market Revenue Forecast and Analysis

    6.3 Market Positioning – Five Key Players

    7. Plastic to Fuel Market– by Technology

    7.1 Overview

    7.2 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. Plastic to Fuel Market– by End Product

    8.1 Overview

    8.2 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. Plastic to Fuel Market – Geographic Analysis

    9.1 Overview

    9.2 North America: Plastic to Fuel Market

    9.2.1 North America: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    9.2.2 North America: Plastic to Fuel Market, by Technology

    9.2.3 North America: Plastic to Fuel Market, by End Product

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

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

    9.2.4.1.1 US: Plastic to Fuel Market, by Technology

    9.2.4.1.2 US: Plastic to Fuel Market, by End Product

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

    9.2.4.2.1 Canada: Plastic to Fuel Market, by Technology

    9.2.4.2.2 Canada: Plastic to Fuel Market, by End Product

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

    9.2.4.3.1 Mexico: Plastic to Fuel Market, by Technology

    9.2.4.3.2 Mexico: Plastic to Fuel Market, by End Product

    9.3 Europe: Plastic to Fuel Market

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

    9.3.2 Europe: Plastic to Fuel Market, by Technology

    9.3.3 Europe: Plastic to Fuel Market, by End Product

    9.3.4 Europe: Plastic to Fuel Market, by Key Country

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

    9.3.4.1.1 Germany: Plastic to Fuel Market, by Technology

    9.3.4.1.2 Germany: Plastic to Fuel Market, by End Product

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

    9.3.4.2.1 France: Plastic to Fuel Market, by Technology

    9.3.4.2.2 France: Plastic to Fuel Market, by End Product

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

    9.3.4.3.1 Italy: Plastic to Fuel Market, by Technology

    9.3.4.3.2 Italy: Plastic to Fuel Market, by End Product

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

    9.3.4.4.1 UK: Plastic to Fuel Market, by Technology

    9.3.4.4.2 UK: Plastic to Fuel Market, by End Product

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

    9.3.4.5.1 Russia: Plastic to Fuel Market, by Technology

    9.3.4.5.2 Russia: Plastic to Fuel Market, by End Product

    9.3.4.6 Rest of Europe: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    9.3.4.6.1 Rest of Europe: Plastic to Fuel Market, by Technology

    9.3.4.6.2 Rest of Europe: Plastic to Fuel Market, by End Product

    9.4 APAC: Plastic to Fuel Market

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

    9.4.2 APAC: Plastic to Fuel Market, by Technology

    9.4.3 APAC: Plastic to Fuel Market, by End Product

    9.4.4 APAC: Plastic to Fuel Market, by Key Country

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

    9.4.4.1.1 Australia: Plastic to Fuel Market, by Technology

    9.4.4.1.2 Australia: Plastic to Fuel Market, by End Product

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

    9.4.4.2.1 China: Plastic to Fuel Market, by Technology

    9.4.4.2.2 China: Plastic to Fuel Market, by End Product

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

    9.4.4.3.1 India: Plastic to Fuel Market, by Technology

    9.4.4.3.2 India: Plastic to Fuel Market, by End Product

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

    9.4.4.4.1 Japan: Plastic to Fuel Market, by Technology

    9.4.4.4.2 Japan: Plastic to Fuel Market, by End Product

    9.4.4.5 South Korea: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    9.4.4.5.1 South Korea: Plastic to Fuel Market, by Technology

    9.4.4.5.2 South Korea: Plastic to Fuel Market, by End Product

    9.4.4.6 Rest of APAC: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    9.4.4.6.1 Rest of APAC: Plastic to Fuel Market, by Technology

    9.4.4.6.2 Rest of APAC: Plastic to Fuel Market, by End Product

    9.5 RoW: Plastic to Fuel Market

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

    9.5.2 RoW: Plastic to Fuel Market, by Technology

    9.5.3 RoW: Plastic to Fuel Market, by End Product

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

    10.1 Overview

    10.2 North America

    10.3 Europe

    10.4 Asia-Pacific

    10.5 Rest of World

    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 MK Aromatics Limited

    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 Plastic Advanced Recycling Corp.

    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

    12.10 OMV Aktiengesellschaft

    12.10.1 Key Facts

    12.10.2 Business Description

    12.10.3 Products and Services

    12.10.4 Financial Overview

    12.10.5 SWOT Analysis

    12.10.6 Key Developments

    13. Appendix

    13.1 About The Insight Partners

    13.2 Word Index


    LIST OF TABLES

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

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

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

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

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

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

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

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

    Table 9. Mexico: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 10. Mexico: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

    Table 11. Europe: Plastic to Fuel Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

    Table 12. Europe: Plastic to Fuel Market, by End Product – Revenue and Forecast to 2028 (US$ Million)

    Table 13. Europe: Plastic to Fuel Market, by Countries – Revenue and Forecast to 2028 (US$ Million)

    Table 14. Germany: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 15. Germany: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

    Table 16. France: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 17. France: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

    Table 18. Italy: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 19. Italy: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

    Table 20. UK: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 21. UK: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

    Table 22. Russia: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 23. Russia: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

    Table 24. Rest of Europe: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 25. Rest of Europe: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

    Table 26. APAC: Plastic to Fuel Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

    Table 27. APAC: Plastic to Fuel Market, by End Product – Revenue and Forecast to 2028 (US$ Million)

    Table 28. APAC: Plastic to Fuel Market, by Country – Revenue and Forecast to 2028 (US$ Million)

    Table 29. Australia: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 30. Australia: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

    Table 31. China: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 32. China: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

    Table 33. India: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 34. India: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

    Table 35. Japan: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 36. Japan: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

    Table 37. South Korea: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 38. South Korea: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

    Table 39. Rest of APAC: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 40. Rest of APAC: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

    Table 41. RoW: Plastic to Fuel Market, by Technology– Revenue and Forecast to 2028 (US$ Million)

    Table 42. RoW: Plastic to Fuel Market, by End Product – Revenue and Forecast to 2028 (US$ Million)

    Table 43. List of Abbreviation


    LIST OF FIGURES

    Figure 1. Plastic to Fuel Market Segmentation

    Figure 2. Plastic to Fuel Market Segmentation – By Geography

    Figure 3. Global Plastic to Fuel Market Overview

    Figure 4. Plastic to Fuel Market, by Technology

    Figure 5. Plastic to Fuel Market, by End Product

    Figure 6. Plastic to Fuel Market, By Geography

    Figure 7. North America – PEST Analysis

    Figure 8. Europe – PEST Analysis

    Figure 9. Asia-Pacific – PEST Analysis

    Figure 10. Rest of World – PEST Analysis

    Figure 11. Plastic to Fuel Market: Ecosystem Analysis

    Figure 12. Plastic to Fuel Market: Impact Analysis of Drivers and Restraints

    Figure 13. Geographic Overview of Plastic to Fuel Market

    Figure 14. Global Plastic to Fuel Market Revenue Forecast and Analysis (US$ Million)

    Figure 15. Plastic to Fuel Market, by Technology (2020 & 2028)

    Figure 16. Pyrolysis: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

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

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

    Figure 19. Plastic to Fuel Market, by End Product (2020 & 2028)

    Figure 20. Crude Oil: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

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

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

    Figure 23. Plastic to Fuel Market Revenue Share, By Region (2020 and 2028)

    Figure 24. North America: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 25. North America: Plastic to Fuel Market Revenue Share, by Technology (2020 and 2028)

    Figure 26. North America: Plastic to Fuel Market Revenue Share, by End Product (2020 and 2028)

    Figure 27. North America: Plastic to Fuel Market Revenue Share, by Key Country (2020 and 2028)

    Figure 28. US: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 29. Canada: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 30. Mexico: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 31. Europe: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 32. Europe: Plastic to Fuel Market Revenue Share, by Technology (2020 and 2028)

    Figure 33. Europe: Plastic to Fuel Market Revenue Share, by End Product (2020 and 2028)

    Figure 34. Europe: Plastic to Fuel Market Revenue Share, By Key Country (2020 and 2028)

    Figure 35. Germany: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 36. France: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 37. Italy: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 38. UK: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 39. Russia: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 40. Rest of Europe: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 41. APAC: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 42. APAC: Plastic to Fuel Market Revenue Share, by Technology (2020 and 2028)

    Figure 43. APAC: Plastic to Fuel Market Revenue Share, by End Product (2020 and 2028)

    Figure 44. APAC: Plastic to Fuel Market Revenue Share, By Key Country (2020 and 2028)

    Figure 45. Australia: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 46. China: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 47. India: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 48. Japan: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 49. South Korea: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 50. Rest of APAC: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 51. RoW: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 52. RoW: Plastic to Fuel Market Revenue Share, by Technology (2020 and 2028)

    Figure 53. RoW: Plastic to Fuel Market Revenue Share, by End Product (2020 and 2028)

    Figure 54. Impact of COVID-19 Pandemic in North American Country Markets

    Figure 55. Impact of COVID-19 Pandemic in Europe Country Markets

    Figure 56. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

    Figure 57. Impact of COVID-19 Pandemic in Rest of World Country Markets

    The List of Companies - Plastic to Fuel Market

    1. AGILYX, INC
    2. CASSANDRA OIL AB
    3. KLEAN INDUSTRIES INC.
    4. NEXUS FUELS LLC
    5. RECYCLING TECHNOLOGIES LTD.
    6. AGILE PROCESS CHEMICALS LLP
    7. AVANTIUM N.V.
    8. MK AROMATICS LTD.
    9. PLASTIC2OIL, INC.
    10. PLASTIC ADVANCED RECYCLING CORP.
    • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global plastic to fuel market
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    Frequently Asked Questions

    Electricity is at the heart of modern economies, and it accounts for an increasing proportion of energy services. As a result of increased family incomes, electrification of transportation and heat, and a rise in demand for digital linked gadgets and air conditioning, the energy demand is expected to rise even more. Based on the current stated policies Scenario, the global electricity consumption will grow at a rate of 2.1% per year until 2040, more than double the rate of primary energy demand. As a result, electricity's share of total final energy consumption will increase from 19% in 2018 to 24% in 2040. In emerging nations, the increase in energy consumption is projected to be particularly large. Government policies, market conditions, and available technology all work together in the Stated Policies Scenario to shift energy supply toward low-carbon sources, with their share growing from 36% (current share) to 52% in 2040. Furthermore, the rising electricity demand was one of the main reasons why global CO2 emissions from the power sector reached a new high in 2018. However, the commercial availability of a diverse range of low-emission generation technologies places electricity at the forefront of efforts to combat climate change and pollution, which is increasing the demand for alternate solutions, thereby resulting in PTF market expansion.
    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 regions. According to the American Chemistry Council, plastic-to-fuel plants in the US alone would generate over 39,000 employment and nearly US$ 9 billion in economic output, indicating that the worldwide market potential for this business is enormous
    The global plastic to fuel market was dominated by the pyrolysis segment with market share of 65.6% in 2020. The segment is also expected to continue dominating the market over the forecast period with 65.7% in 2028.
    In 2020, APAC led the market with a substantial revenue share, followed by North America and Europe. APAC region is also expected to continue growing with the highest CAGR in the plastic to fuel market over the forecast period.
    The major companies in plastic to fuel market includes Agilyx Inc.; Cassandra Oil AB; Klean Industries Inc.; Nexus Fuel LLC; OMV Aktiengesellschaft; Bradam Group, LLC; RESYNERGI; MK Aromatics Ltd.; Plastic2Oil, Inc.; and Plastic Advanced Recycling Corp.
    The major end-product in plastic to fuel market includes crude oil, hydrogen, and others. The crude oil segment led the plastic to fuel market globally with a market share of 62.55% in the year 2020 and is expected to continue its dominance during the forecast period.

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