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Report
North America Plastic Waste Pyrolysis Oil Market - By Feedstock (LDPE, HDPE, Polypropylene (PP)), By Process (Fast, Flash, Slow), By End Use (Fuel, Chemicals, Heat & Power) & Forecast, 2024 - 2032
Market Report I 2024-04-16 I 120 Pages I Global Market Insights
North America Plastic Waste Pyrolysis Oil Market will witness a CAGR of 4.8% CAGR from 2024 to 2032, driven by increasing R&D activities in the field. With increasing environmental concerns, innovative solutions such as plastic waste incinerators are gaining ground for the ability to convert plastic waste into valuable products such as fuel oil. Such oil is a sustainable alternative for various uses, such as fuel production and fertilizers, and reduces the reliance on fossil fuels.
For instance, in May 2024, Kevin Schug, Shimadju, a distinguished Professor of Analytical Chemistry at The University of Texas at Arlington, pioneered new methods for separating and recycling mixed plastics by a group of UTA undergraduate and graduate researchers, which was published in the Journal of Chromatography A. This peer-reviewed study focuses on the development of new processes that promise to advance plastics recycling by improving pyrolysis.
These researchers focus on optimizing pyrolysis processes, providing cleanliness and quality, and making it economically viable and environmentally sustainable. Government incentives and regulations that support circular investments further enhance market development and lead to investment in advanced pyrolysis technologies across North America. As stakeholders prioritize sustainable practices and resource efficiency, the plastic waste pyrolysis oil market in the region is poised to expand dramatically.
The overall North America Plastic Waste Pyrolysis Oil Industry size is classified based on feedstock, process, end-use, and country.
North America plastic waste pyrolysis oil market revenue from the polypropylene segment will register a commendable CAGR from 2024 to 2032. Polypropylene, a common plastic, presents challenges to conventional recycling methods due to its density. Pyrolysis offers a promising solution by converting polypropylene waste into valuable pyrolysis oil, which can be used as a feedstock for fuel and chemicals. This new process does not raise environmental concerns and also supports the sector's objective of achieving circular economic practices as an entrepreneurial strategy. As enterprises prioritize sustainability and resource efficiency, the demand for oil production pyrolysis of polypropylene in North America is poised for significant growth.
The flash segment will witness an appreciable growth from 2024 to 2032. This innovative process quickly converts plastic waste into valuable oil, increasing the efficiency and recovery of pyrolysis oil. Flash pyrolysis is particularly effective in producing a wide range of plastics quickly and efficiently, contributing to the sector's efforts in sustainable waste management as industries seek more environmentally friendly alternatives than fossil fuels. The demand for flash pyrolysis oil derived from plastic waste in North America is anticipated to be supported by ongoing research and development of energy waste management solutions.
North America plastic waste pyrolysis oil market from Canada will exhibit a notable CAGR from 2024 to 2032. The North America plastic waste pyrolysis oil market is witnessing increasing demand from Canada, driven by the country's commitment to sustainable waste management and renewable energy sources. Pyrolysis technology offers a promising solution to convert plastic waste into valuable oils, suitable for various industrial applications and as alternative fuels. With Canada's stringent environmental regulations and growing focus on circular economy practices, there is a significant push towards adopting innovative waste-to-energy solutions like pyrolysis. As Canadian industries and policymakers prioritize reducing plastic pollution and carbon footprints, the demand for plastic waste pyrolysis oil is expected to grow, supporting both environmental sustainability and economic growth initiatives across the country.
Report Content
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
Chapter 2 Industry Insights
2.1 Industry ecosystem analysis
2.1.1 Vendor matrix
2.2 Regulatory landscape
2.3 Industry impact forces
2.3.1 Growth drivers
2.3.2 Industry pitfalls & challenges
2.4 Growth potential analysis
2.5 Porter's analysis
2.5.1 Bargaining power of suppliers
2.5.2 Bargaining power of buyers
2.5.3 Threat of new entrants
2.5.4 Threat of substitutes
2.6 PESTEL analysis
Chapter 3 Competitive landscape, 2023
3.1 Strategic dashboard
3.2 Innovation & sustainability landscape
Chapter 4 Market Size and Forecast, By Feedstock, 2021 - 2032 (USD Million)
4.1 Key trends
4.2 Low density polyethylene (LDPE)
4.3 High density polyethylene (HDPE)
4.4 Polypropylene (PP)
4.5 Others
Chapter 5 Market Size and Forecast, By Process, 2021 - 2032 (USD Million)
5.1 Key trends
5.2 Fast
5.3 Flash
5.4 Slow
Chapter 6 Market Size and Forecast, By End Use, 2021 - 2032 (USD Million)
6.1 Key trends
6.2 Fuel
6.3 Chemicals
6.4 Heat & power
6.5 Others
Chapter 7 Market Size and Forecast, By Country, 2021 - 2032 (USD Million)
7.1 Key trends
7.2 U.S.
7.3 Canada
Chapter 8 Company Profiles
8.1 Agile Process Chemicals LLP
8.2 Agilyx
8.3 AMMA GREEN TECHNOLOGY
8.4 Chevron Phillips Chemical Company LLC.
8.5 Ecomation Oy
8.6 ETIA S.A.S.
8.7 Kingtiger (Shanghai) Environmental Technology Co., Ltd.
8.8 Klean Industries
8.9 Nexus Circular
8.10 Niutech Environment Technology Corporation
8.11 OMV Aktiengesellschaft
8.12 Recor
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