Australia Chemical Recycling Of Plastics Market Size & Outlook
Australia chemical recycling of plastics market, 2018-2030 (US$M)
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Australia chemical recycling of plastics market highlights
- The Australia chemical recycling of plastics market generated a revenue of USD 359.2 million in 2023 and is expected to reach USD 501.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 4.9% 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.
Chemical recycling of plastics market data book summary
| Market revenue in 2023 | USD 359.2 million |
| Market revenue in 2030 | USD 501.7 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Depolymerization |
| Fastest growing segment | Depolymerization |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.7% of the global chemical recycling of plastics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China chemical recycling of plastics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,534.2 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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Australia 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 45.8% in 2023. Horizon Databook has segmented the Australia chemical recycling of plastics market based on depolymerization, dissolution, conversion covering the revenue growth of each sub-segment from 2018 to 2030.
Australia is one of the major countries at the forefront of chemical-based plastic recycling due to its innovative approach and significant investments in this field. Many companies have developed advanced recycling technologies to convert various types of plastic waste into valuable resources.
For instance, Qenos, a manufacturer of polyethylene and a supplier of a diverse range of specialty polymers, is advancing Australia toward circular plastics through a partnership with Plastic Energy and Axens, utilizing advanced recycling technology.
This initiative, known as the Qenos Circular Plastics Project (QCPP), aims to meet customer expectations and achieve recycled content targets by 2025. The project, supported by the Victorian Government and potentially the Federal Government's Modern Manufacturing initiative, entails the development of a major circular plastics manufacturing capability in Australia.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia chemical recycling of plastics market , including forecasts for subscribers. This country databook contains high-level insights into Australia chemical recycling of plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia chemical recycling of plastics market size, by type, 2018-2030 (US$M)
Australia Chemical Recycling Of Plastics Market Outlook Share, 2023 & 2030 (US$M)
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