Home > Chemicals & Materials > Specialty Chemicals > North America Plastic Waste Pyrolysis Oil Market

North America Plastic Waste Pyrolysis Oil Market Size

Report ID: GMI9054
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

North America Plastic Waste Pyrolysis Oil Market Size

North America Plastic Waste Pyrolysis Oil Market Size in 2023 was valued at USD 120.8 million and is anticipated to grow at a CAGR of 4.8% between 2024 and 2032. The production of pyrolysis oil provides an avenue for effective waste management by converting plastic waste materials into valuable energy products. This process holds the potential to diminish landfill waste and alleviate environmental contamination stemming from improper waste disposal practices. The increasing demand for pyrolysis oil is driven by the growing imperative for alternative and sustainable energy solutions.

To get key market trends

Download Free Sample

Governments across the region have instituted supportive policies and incentives to encourage the adoption of renewable energy sources. Additionally, collaborative efforts among stakeholders, such as technology suppliers, waste management firms, and energy producers, are vital for fostering growth within the market for pyrolysis oil derived from plastic waste. For instance, in February 2023, Nexas Circular has partnered with LyondellBasell to introduce a significant long-term agreement for 24,000 tons of recycled feedstock annually. This will originate from Nexus Circular's upcoming recycling facility, scheduled to commence construction in 2023.

North America Plastic Waste Pyrolysis Oil Market Report Attributes
Report Attribute	Details
Base Year:	2023
North America Plastic Waste Pyrolysis Oil Market Size in 2023:	USD 120.8 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.8%
2032 Value Projection:	USD 183.6 Million
Historical Data for:	2021 - 2023
No. of Pages:	120
Tables, Charts & Figures:	100
Segments covered:	Feedstock, Process, End Use
Growth Drivers:	Favorable government initiatives Rapid urbanization and industrialization Increasing amount municipal solid waste (MSW)
Pitfalls & Challenges:	High capital and operational cost

Learn more about the key segments shaping this market

Download Free Sample

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

North America solid oxide fuel cells market size was USD 373.2 billion in 2023 and is expected to register 6.6% CAGR from 2024-2032 owing to growing concerns about climate change and air pollution and increasing demand for cleaner and more sustainable energy technologies in the region.

North America solid oxide fuel cells industry from the tubular segment is expected to exceed USD 255 million by 2032 due to its high electrical efficiency, modularity and scalability, allowing for flexible deployment in various applications and settings.

U.S. solid oxide fuel cells industry is expected to cross USD 550 million by 2032 and is expected to register a commendable CAGR from 2024-2032 due to growing interest in decentralized energy systems and grid resilience in the country.

Panasonic Corporation, Doosan Fuel Cell Co., Ltd., AISIN CORPORATION, Ceres, SFC Energy AG, TOSHIBA CORPORATION, Robert Bosch GmbH, TW Horizon Fuel Cell Technologies, AFC Energy PLC, and Fuel Cell Energy, Inc., are some of the major gas fired boiler companies in Europe.