Canada Chemical Recycling Of Plastics Market Size & Outlook
Canada chemical recycling of plastics market, 2018-2030 (US$M)
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Canada chemical recycling of plastics market highlights
- The Canada chemical recycling of plastics market generated a revenue of USD 919.9 million in 2023 and is expected to reach USD 1,272.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.7% 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 919.9 million |
| Market revenue in 2030 | USD 1,272.2 million |
| Growth rate | 4.7% (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, Canada accounted for 7.0% 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 North America, U.S. chemical recycling of plastics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,056.3 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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Canada 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 44.53% in 2023. Horizon Databook has segmented the Canada chemical recycling of plastics market based on depolymerization, dissolution, conversion covering the revenue growth of each sub-segment from 2018 to 2030.
In June 2018, the Chemical Industry Association of Canada and the Canadian Plastics Industry Association (CPIA) released the Zero Waste Declaration, which targets the recycling and reuse of 100% plastic packaging by 2040.
According to the Chemistry Industry Association of Canada. In line with this agenda, many Canadian companies are now focusing on the development of chemical recycling technologies. These new technologies transform plastic products back into their basic molecules, thus presenting a positive growth opportunity for the chemical recycling of plastics market in Canada.
For instance, in June 2023, NOVA Chemicals Corporate entered into an agreement with Plastic Energy to conduct a feasibility study on developing a pyrolysis recycling technology driven plastics recycling facility in Sarnia, Canada. Upon completion of construction, this facility is anticipated to have an initial production capacity of 66kt feedstock for recycled plastics production.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada chemical recycling of plastics market , including forecasts for subscribers. This country databook contains high-level insights into Canada chemical recycling of plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada chemical recycling of plastics market size, by type, 2018-2030 (US$M)
Canada Chemical Recycling Of Plastics Market Outlook Share, 2023 & 2030 (US$M)
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