Plastic Waste to Oil Market

21 Mar

Sample

Plastic Waste to Oil Market Poised to Grow at a CAGR of 13.2% by 2024

  • By admin

  • January, 1970

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.

 

Get 15% discount for early purchase of global plastic waste to oil market report by clicking the following link, Use code IGRD15 to request the discount in the given form

https://www.infiniumglobalresearch.com/reports/request-discount/1596

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

 

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