Plastic to Fuel Market Size & Share Report 2028

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

Publication Month : Aug 2022

  • Report Code : TIPRE00008127
  • Category : Energy and Power
  • Status : Published
  • No. of Pages : 118
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The plastic to fuel market was valued at US$ 3,645.23 million in 2022 and is projected to reach US$ 8,804.20 million by 2028; it is expected to grow at a CAGR of 15.8% from 2022 to 2028.

Asia Pacific comprises many developing countries including China and India. These are also the top two most populated countries worldwide. China alone produces 59,079,741 tons of plastic every year. These plastic wastes are either dumped into landfills or the ocean, thereby populating the environment and leaving long-term adverse impacts worldwide. Moreover, Asia Pacific accounts for the major share in marine plastic pollution with major contributors such as China, Indonesia, Sri Lanka, Vietnam, and the Philippines. Inefficient waste management infrastructure and the lack of awareness regarding the adverse impact of single-use plastic are the main reasons contributing to the rise in plastic waste across the region.

The rising investments by both the governments and private organizations to promote recycling of plastic to further reusable materials are propelling the growth of the plastic to fuel market across the region. In 2020, Circulate Capital, an investment management organization, announced its investment of US$ 19 million in four privately held Indian recycling companies – Srichakra Polyplast, Dalmia Polypro Industries, Deeya Panel Products, and Rapidue Technologies. Similarly, in 2020, Circulate Capital Ocean Fund (CCOF) invested US$ 39 million to create the largest investment portfolio devoted to fighting ocean plastic waste across India. Hence, constant investments by government and private companies to fight the adverse impact of plastic across countries in Asia Pacific are expected to contribute to the plastic to fuel market growth.

In APAC, India plastic to fuel market growth is expected to be the highest. According to the report published by the Central Pollution Control Board (CPCB) in 2018-19, India generates about 3.3 Mn metric tons of waste annually. The government of India under its Swach Bharat Abhiyan is actively taking steps to reduce the adverse impact of plastic on the local and global level. in 2020, Needa Green Energy Limited (NGEL) has set up a plastic to petrol developing plant in Guntur. The system was developed by three technocrats in 2020. Thus, the above mentioned developments are supporting the growth of the plastic to fuel market in India.

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Plastic to Fuel Market: Strategic Insights

plastic-to-fuel-market
Market Size Value inUS$ 3,645.23 Million in 2022
Market Size Value byUS$ 8,804.20 Million by 2028
Growth rateCAGR of 15.8% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Impact of COVID-19 Pandemic on Plastic to Fuel Market

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 China.

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Market Insights

Introduction of Go Green Process

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.  

Technology-Based Market Insights

Based on technology, the global plastic to fuel market is segmented into pyrolysis, gasification and depolymerization. The pyrolysis technology dominated the market in 2021, 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 others segment is projected to grow at a highest CAGR during the forecast period. Diesel, sulfur, and gasoline were among the various types of end products. Diesel fuel, in general, is a liquid fuel developed particularly for use in diesel engines and whose fuel ignition occurs because of compression of the input air mixture and subsequently injection of fuel, without the need of a spark plug. As a result, strong compression ignition properties are required for diesel fuel. Plastic processing is being promoted in several nations such as India, Japan, Germany, and the United States among others as a means of extracting fuel. For instance, in 2019, for example, the Indian government opened India's first plastic to diesel conversion facility in Mathura. Every day, the facility will remove five metric tonnes of plastic from the city and turn it to fuel.

The plastic to fuel market size has been segmented based on technology, end product, and geography. Based on technology, the plastic to fuel market analysis is segmented into pyrolysis, gasification, and depolymerization. Based on end product, the plastic to fuel market size is bifurcated into crude oil, hydrogen, and others. Based on geography, the plastic to fuel market analysis is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.

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 plastic to fuel market 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, Plans for building the UK’s first waste plastic to hydrogen facility have moved a step further to fruition with the completion of a Front-End Engineering Design phase.
  • In 2018, After six years of research and development, Biofabrik group’s WASTX Plastic technology has unveiled a prototype for a machine capable of transforming plastic waste into fuel.
  • In 2020, Oil refiner SK Innovation Co. is all set to develop up-cyling technology for producing petrochemical raw material from plastic wastes in cooperation with Jeju Clean Energy.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Technology, End Product and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, Canada, China, France, Germany, India, Italy, Japan, Mexico, Middle East and Africa, Russia, South and Central America, South Korea, UK, US

Frequently Asked Questions


Which country of APAC region dominated the plastic to fuel market in 2021?

China dominates the APAC plastic to fuel market. China is one of the leading plastic waste producers across the globe. The Chinese government are making huge investments in the development of mechanical and chemical plastic recycling plants.

Which are the major companies in the plastic to fuel market?

The major companies in plastic to fuel market includes Agilyx Inc.; Klean Industries Inc.; Plastic2Oil Inc.; Nexus Fuels, LLC; and OMV Aktiengesellschaft.

Which technology is expected to grow at the fastest CAGR during the forecast period?

The gasification technology is anticipated to grow at a fast CAGR during the forecast period. The technology can be used to make diesel and petrol, or directly burnt to create power in boilers. This technology is gaining popularity because to the growing need for industrial fuel throughout the world.

What is market trend for plastic to fuel market?

The inclination towards waste to fuel initiatives is projected to create lucrative business opportunities for the growth of plastic to fuel market.

What is the global market size for the plastic to fuel market in 2022?

The global market size for the plastic to fuel market is expected to be valued at US$ 3,645.23 million in 2022.

What are reasons behind plastic to fuel market growth?

The factors attributing towards the growth of plastic to fuel market includes:

• Growing awareness regarding greenhouse gas emission from fuel making sector
• Increasing energy requirement

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

6.4 Competitive Benchmarking

6.4.1 Competitive Benchmarking

6.5 Growth Matrix

7. Plastic to Fuel Market– by Technology

7.1 Overview

7.2 Plastic to Fuel Market, by Technology (2021 and 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 (2021 and 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

9.5.4 RoW: Plastic to Fuel Market, by Key Country

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 34. South Korea: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

Table 35. South Korea: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

Table 36. Rest of APAC: Plastic to Fuel Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

Table 37. Rest of APAC: Plastic to Fuel Market, by End Product –Revenue and Forecast to 2028 (US$ Million)

Table 38. RoW: Plastic to Fuel Market, by Technology– Revenue and Forecast to 2028 (US$ Million)

Table 39. RoW: Plastic to Fuel Market, by End Product – Revenue and Forecast to 2028 (US$ Million)

Table 40. 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. Competitive Benchmarking

Figure 16. Competitive Benchmarking

Figure 17. Growth Matrix

Figure 18. Plastic to Fuel Market, by Technology (2021 and 2028)

Figure 19. Pyrolysis: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

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

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

Figure 22. Plastic to Fuel Market, by End Product (2021 and 2028)

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

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

Figure 25. Others: Plastic to Fuel Market Revenue and Forecast to 2028 (US$ Million)

Figure 26. Plastic to Fuel Market Revenue Share, By Region (2021 and 2028)

Figure 27. North America: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. North America: Plastic to Fuel Market Revenue Share, by Technology (2021 and 2028)

Figure 29. North America: Plastic to Fuel Market Revenue Share, by End Product (2021 and 2028)

Figure 30. North America: Plastic to Fuel Market Revenue Share, by Key Country (2021 and 2028)

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

Figure 32. Canada: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Mexico: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Europe: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Europe: Plastic to Fuel Market Revenue Share, by Technology (2021 and 2028)

Figure 36. Europe: Plastic to Fuel Market Revenue Share, by End Product (2021 and 2028)

Figure 37. Europe: Plastic to Fuel Market Revenue Share, By Key Country (2021 and 2028)

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

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

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

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

Figure 42. Russia: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43. Rest of Europe: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

Figure 44. APAC: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

Figure 45. APAC: Plastic to Fuel Market Revenue Share, by Technology (2021 and 2028)

Figure 46. APAC: Plastic to Fuel Market Revenue Share, by End Product (2021 and 2028)

Figure 47. APAC: Plastic to Fuel Market Revenue Share, By Key Country (2021 and 2028)

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

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

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

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

Figure 52. South Korea: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53. Rest of APAC: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

Figure 54. RoW: Plastic to Fuel Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55. RoW: Plastic to Fuel Market Revenue Share, by Technology (2021 and 2028)

Figure 56. RoW: Plastic to Fuel Market Revenue Share, by End Product (2021 and 2028)

Figure 57. RoW: Plastic to Fuel Market Revenue Share, By Key Country (2021 and 2028)

Figure 58. Impact of COVID-19 Pandemic in North American Country Markets

Figure 59. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 60. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 61. 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.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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