Asia Pacific Chemical Recycling Of Plastics Market Size & Outlook
Asia Pacific chemical recycling of plastics market, 2018-2030 (US$M)
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Asia Pacific chemical recycling of plastics market highlights
- The Asia Pacific chemical recycling of plastics market generated a revenue of USD 4,520.2 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, depolymerization was the largest revenue generating type in 2023.
- Depolymerization is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,520.2 million |
| Market revenue in 2030 | USD 6,440.7 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Depolymerization |
| Fastest growing segment | Depolymerization |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Depolymerization, Dissolution, Conversion |
| Key market players worldwide | Agilyx ASA Ordinary Shares, Basf SE, INEOS, Veolia Environnement SA, Eastman Chemical Co, SABIC, LyondellBasell Industries NV Class A, Maire Tecnimont, Recycling Technologies, JEPLAN |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 34.4% of the global chemical recycling of plastics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,440.7 million by 2030.
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Chemical Recycling Of Plastics Market Scope
Chemical Recycling Of Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific chemical recycling of plastics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chemical recycling of plastics market will help companies and investors design strategic landscapes.
Depolymerization was the largest segment with a revenue share of 45.67% in 2023. Horizon Databook has segmented the Asia Pacific chemical recycling of plastics market based on depolymerization, dissolution, conversion covering the revenue growth of each sub-segment from 2018 to 2030.
Asia-Pacific region generates a substantial amount of plastic waste, primarily due to its large population and rapid rate of industrialization. This has led to concerns about environmental pollution and the need for sustainable waste management solutions.
The Asia Pacific countries are an attractive destination for plastic waste exports for the North American and European countries. However, mixed plastic waste from the exporting countries has been overburdening the recycling sector in the region in addition to its own domestic packaging waste problem.
Also, in February 2024, Shell Singapore Pte Ltd and Corsair Bangkok Company Ltd inked a pyrolysis oil supply deal. Under this agreement, Corsair Bangkok Company Ltd will produce pyrolysis oil from household plastic waste at its plastic waste chemical recycling facility in Thailand and supply the same to Shell Singapore Pte Ltd.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific chemical recycling of plastics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific chemical recycling of plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific chemical recycling of plastics market size, by country, 2018-2030 (US$M)
Asia Pacific Chemical Recycling Of Plastics Market Outlook Share, 2023 & 2030 (US$M)
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