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Some of the key players operating across the plastic waste pyrolysis oil market are
Increasing focus on the development of several pyrolysis plants across the globe along with various technological innovations by these players will enhance the complete business landscape.
Agilyx, Nexus Circular, OMV Aktiengesellschaft, Niutech Environment Technology Corporation, ETIA S.A.S., Chevron Phillips Chemical Company LLC, Agile Process Chemicals LLP, Klean Industries, AMMA Green Technology, and Ratan Pyrotech Industries among others.
The LDPE segment is projected to observer 4.5% growth till 2032, as the product is a versatile plastic material with desirable properties, including flexibility, durability, moisture resistance, and ease of processing.
The plastic waste pyrolysis oil sector in Asia Pacific will grow substantial from 2023 and 2032, due to a significant surge in plastic waste generation, driven by factors including population growth, urbanization, and changing consumption patterns.
The market size of plastic waste pyrolysis oil exceeded USD 641.1 million in 2023 and is projected to grow at 5.3% CAGR during 2024 to 2032, backed by the government focus on adopting circular economy practices that prioritize recycling and reusing plastic waste, along with the global goal of achieving zero-waste generation.