Market Overview:
The global plastic waste to oil market is expected to grow at a CAGR of XX% during the forecast period from 2018-2030. The market growth can be attributed to the increasing demand for fuel from various end-use applications and the growing awareness about the benefits of using recycled plastic as a fuel source. Based on type, the global plastic waste to oil market is segmented into polyethylene, polyethylene terephthalate, polystyrene, polyvinyl chloride, polypropylene and others. Polyethylene is expected to account for a major share of the overall market in terms of revenue due to its high demand from various end-use applications such as automotive and packaging industries. Polypropylene is also anticipated to witness significant growth during the forecast period owing to its growing use in automotive components and other industrial applications. In terms of application, diesel accounts for a major share of the global plastic waste to oil market followed by kerosene and gasoline.
Product Definition:
Plastic Waste to Oil is the process of converting post-consumer plastics into usable fuels such as gasoline, diesel, and jet fuel. The importance of Plastic Waste to Oil is that it provides a valuable resource for recycling plastic materials while also reducing our dependence on foreign oil.
Polyethylene:
Polyethylene is a widely used polymer in the plastic industry. It is a soft and lightweight material, which can be easily molded into various shapes. The demand for PE has been growing over the past few years on account of its increasing application in packaging and consumer goods industries. Polyethylene acts as an excellent barrier to oxygen, water vapor and light; thus it is being increasingly used to produce flexible PVC pipes & fittings that are installed inside buildings.
Polyethylene Terephthalate:
Polyethylene Terephthalate, commonly known as PET or PETE is a non-toxic, lightweight and safe material that can be recycled and reused. It is widely used to produce plastic bottles for soft drinks.
Application Insights:
Diesel emerged as the dominant application segment and accounted for over 50.0% of total volume in 2017. The growth can be attributed to the rising demand for diesel from construction, automotive, marine and aviation sectors across the globe. Kerosene is expected to be the fastest growing application segment owing to its usage in home heating as well as lighting applications across various regions including North America, Europe and Asia Pacific.
Gasoline is likely to witness significant growth over forecast period owing to its usage in automobiles globally coupled with increasing automobile production globally which resulted in increased plastic waste generation during manufacturing of gasoline-powered vehicles.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of plastic manufacturers coupled with growing demand for fuel from emerging economies such as China, India, Indonesia and Thailand is anticipated to drive the regional market growth.
The European region accounted for a significant share in terms of volume owing to stringent regulations regarding waste management in this region. Stringent laws & policies on waste disposal has resulted into high recycling rates which will have positive impacts on industry growth over next eight years.
North America emerged as one of the major consumers due to increasing awareness about plastic wastage.
Growth Factors:
- Increasing awareness about the benefits of plastic waste to oil conversion process among governments, municipalities, and private companies worldwide.
- Growing demand for fuel from the transportation sector as a result of increasing population and economic growth.
- Stringent environmental regulations on emissions from traditional fuels such as gasoline and diesel which is driving the demand for alternative fuels such as plastic waste to oil fuel.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Waste to Oil Market Research Report
By Type
Polyethylene, Polyethylene Terephthalate, Polystyrene, Polyvinyl Chloride, Polypropylene, Others
By Application
Diesel, Kerosene, Gasoline, Synthetic gasses, Others
By Companies
Neste, Shell, OMV Group, PLASTIC ENERGY, Cynar Plc, Plastoil, Green Fuels, Neste
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Waste to Oil Market Report Segments:
The global Plastic Waste to Oil market is segmented on the basis of:
Types
Polyethylene, Polyethylene Terephthalate, Polystyrene, Polyvinyl Chloride, Polypropylene, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Diesel, Kerosene, Gasoline, Synthetic gasses, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Neste
- Shell
- OMV Group
- PLASTIC ENERGY
- Cynar Plc
- Plastoil
- Green Fuels
- Neste
Highlights of The Plastic Waste to Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyethylene
- Polyethylene Terephthalate
- Polystyrene
- Polyvinyl Chloride
- Polypropylene
- Others
- By Application:
- Diesel
- Kerosene
- Gasoline
- Synthetic gasses
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plastic Waste to Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plastic waste to oil is the process of converting plastic waste into oil. This process is done by heating the plastic waste until it melts, and then extracting the oil from the melted plastic.
Some of the major players in the plastic waste to oil market are Neste, Shell, OMV Group, PLASTIC ENERGY, Cynar Plc, Plastoil, Green Fuels, Neste.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plastic Waste to Oil Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Plastic Waste to Oil Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Plastic Waste to Oil Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Plastic Waste to Oil Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Plastic Waste to Oil Market Size & Forecast, 2020-2028 4.5.1 Plastic Waste to Oil Market Size and Y-o-Y Growth 4.5.2 Plastic Waste to Oil Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Polyethylene
5.2.2 Polyethylene Terephthalate
5.2.3 Polystyrene
5.2.4 Polyvinyl Chloride
5.2.5 Polypropylene
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Diesel
6.2.2 Kerosene
6.2.3 Gasoline
6.2.4 Synthetic gasses
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastic Waste to Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plastic Waste to Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Polyethylene
9.6.2 Polyethylene Terephthalate
9.6.3 Polystyrene
9.6.4 Polyvinyl Chloride
9.6.5 Polypropylene
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Diesel
9.10.2 Kerosene
9.10.3 Gasoline
9.10.4 Synthetic gasses
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Polyethylene
10.6.2 Polyethylene Terephthalate
10.6.3 Polystyrene
10.6.4 Polyvinyl Chloride
10.6.5 Polypropylene
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Diesel
10.10.2 Kerosene
10.10.3 Gasoline
10.10.4 Synthetic gasses
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Polyethylene
11.6.2 Polyethylene Terephthalate
11.6.3 Polystyrene
11.6.4 Polyvinyl Chloride
11.6.5 Polypropylene
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Diesel
11.10.2 Kerosene
11.10.3 Gasoline
11.10.4 Synthetic gasses
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Polyethylene
12.6.2 Polyethylene Terephthalate
12.6.3 Polystyrene
12.6.4 Polyvinyl Chloride
12.6.5 Polypropylene
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Diesel
12.10.2 Kerosene
12.10.3 Gasoline
12.10.4 Synthetic gasses
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Polyethylene
13.6.2 Polyethylene Terephthalate
13.6.3 Polystyrene
13.6.4 Polyvinyl Chloride
13.6.5 Polypropylene
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Diesel
13.10.2 Kerosene
13.10.3 Gasoline
13.10.4 Synthetic gasses
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plastic Waste to Oil Market: Competitive Dashboard
14.2 Global Plastic Waste to Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Neste
14.3.2 Shell
14.3.3 OMV Group
14.3.4 PLASTIC ENERGY
14.3.5 Cynar Plc
14.3.6 Plastoil
14.3.7 Green Fuels
14.3.8 Neste