Infinium Global Research has added a new report on Plastic Waste to Oil Market. The
report presents analysis of global as well as regional markets of plastic waste
to oil market over the period of 2016 to 2024. The world is facing various
environmental related problems mainly caused due plastic and plastic waste. Out
of the total plastic waste, a very small amount of plastic gets recycled and
the remaining plastic is fragmented in the dumping ground or in the sea. The
waste plastic can convert into the oil that can be used for both domestic and
industrial purposes. The process of converting plastic into the oil is based on
the similar chemical technology that is used for thermal cracking. In this
recycling process the plastic is firstly undergone through a cleaning process
to remove dirt or food and after that, it is heated up to 500 degrees Celsius.
The heating breaks down the carbon bound and produces three different products
as Oil, Carbon Black, and Hydrocarbon Gas.
The huge production and the consumption of plastic
across the world is the key driving factor of plastic waste to oil market. The
generation of plastic waste is rising rapidly across the world that further
creates a large number of un-recycled plastic. In addition, the growing use of
oil produced from the plastic waste across the various domestic and industrial
are likely to boot the growth of plastic waste to oil market. The oil produced
from the plastic is used as industrial diesel, in the electricity production
and in lubricant formations. Furthermore, the growing awareness about the use of
plastic in the formation of usable oil and growing government’s inclination
towards the waste plastic to oil production process contributes in the growth
of global plastic waste to oil market. Moreover, the rising awareness about
environmental pollution and strict government regulations regarding plastic are
expected to create more opportunities for the plastic waste to oil market over
the forecast period.
Geographically, North America holds the maximum market
share in the plastic waste to oil market and expected to remain dominant region
over the forecast period. The strong government policies and increasing
adoption of new technologies are the factors driving the growth of plastic
waste to oil market in the North America Region. Furthermore, Asia Pacific is
the fastest growing region in plastic waste to oil market owing to the high
demand of fuel for transportation and industrial use and rising investments and
adoption of oil production from the plastic waste. Moreover, the growth matrix
presented by Infinium Global Research identifies the key investment markets in
the near future, this will not only help the companies to understand the
competitive position in the global plastic waste to oil market but also make
strategic decisions to capture the most lucrative markets in the near future. The
market size is presented in terms of value for the historic year 2016 and
estimated for forecast period of 2018-2024.
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The recent report identified that North America
dominated the global plastic waste to oil market over the last couple of years,
while emerging markets of Asia-Pacific and Latin America are anticipated to
contribute significantly to the growth in the plastic waste to oil market
worldwide.
The report segments the global plastic waste to oil
market on the basis of Type, Technology and End-Fuel.
Global Plastic Waste to Oil Market by Type
·
Polyethylene
·
Polystyrene
·
Polyvinyl Chloride
·
Polyethylene Terephthalate
·
Polypropylene
Global Plastic Waste to Oil Market by
Technology
·
Catalytic Depolymerization
·
Pyrolysis
·
Gasification
Global Plastic Waste to Oil Market by End-Fuel
·
Diesel
·
Kerosene
·
Synthetic Gases
·
Gasoline
Companies Profiled in the Report
·
Nexus Fuels LLC
·
Plastic Advanced Recycling Corporation
·
Cynar Plc
·
Vadxx Energy LLC
·
Clean Blue Technologies Inc.
·
RES Polyflow
·
MK Aromatics Ltd
·
Agilyx Inc
About Infinium Global Research
Infinium Global Research is a business intelligence
company that provides its clients with market information services, solutions,
and reports. The intelligence reports include qualitative as well as
quantitative information, which are blended using forecasting models in order
to project future market demand. Our panels of Subject Matter Experts (SMEs),
Analysts, and Consultants use numerous data gathering tools in order to provide
you with detailed information on the market as well as a preview of its
projected growth. Our repository includes the largest and most credible
databases, through which we determine various qualitative and quantitative
parameters of the market to provide you with an in-depth business intelligence
report.
Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.
