Brazil Chemical Recycling Of Plastics Market Size & Outlook
Brazil chemical recycling of plastics market, 2018-2030 (US$M)
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Brazil chemical recycling of plastics market highlights
- The Brazil chemical recycling of plastics market generated a revenue of USD 688.5 million in 2023 and is expected to reach USD 943.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.6% 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 688.5 million |
| Market revenue in 2030 | USD 943.1 million |
| Growth rate | 4.6% (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, Brazil accounted for 5.2% 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 Latin America, Brazil chemical recycling of plastics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 943.1 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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Brazil 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 46.06% in 2023. Horizon Databook has segmented the Brazil chemical recycling of plastics market based on depolymerization, dissolution, conversion covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil has been involved in various initiatives and discussions regarding plastic recycling. The country faces challenges in recycling due to infrastructure issues and limited political will to invest in reuse structures.
However, non-profit organizations (NGOs), plastic manufacturing companies, and governments are actively undertaking projects related to the recycling of plastics in order to maintain the circular economy principle in the country.
The project focuses on community-based waste collection programs and the creation of a network of sorting and recycling centers to increase recycling rates and reduce plastic waste leakage. Hence, this outlook is projected to further propel the growth of the chemical-based plastics recycling market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil chemical recycling of plastics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil chemical recycling of plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil chemical recycling of plastics market size, by type, 2018-2030 (US$M)
Brazil Chemical Recycling Of Plastics Market Outlook Share, 2023 & 2030 (US$M)
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