Italy Chemical Recycling Of Plastics Market Size & Outlook
Italy chemical recycling of plastics market, 2018-2030 (US$M)
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Italy chemical recycling of plastics market highlights
- The Italy chemical recycling of plastics market generated a revenue of USD 429.0 million in 2023 and is expected to reach USD 598.8 million by 2030.
- The Italy 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 429.0 million |
| Market revenue in 2030 | USD 598.8 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, Italy accounted for 3.3% 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 Europe, Germany chemical recycling of plastics market is projected to lead the regional market in terms of revenue in 2030.
- Denmark is the fastest growing regional market in Europe and is projected to reach USD 694.9 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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Italy 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 45.15% in 2023. Horizon Databook has segmented the Italy chemical recycling of plastics market based on depolymerization, dissolution, conversion covering the revenue growth of each sub-segment from 2018 to 2030.
The country has various luxury automobile manufacturers such as FCA ITALY S.p.A., Ferrari S.p.A., ALFA ROMEO, Automobili Lamborghini S.p.A., and Maserati S.p.A. This coupled with the rising trend of companies launching electric vehicles is expected to drive the demand for recycled plastics over the forecast period and influence the growth of the chemical recycling of plastics market in Italy.
This plant is scheduled to be commissioned in Q1 2024. This depolymerization operation is expected to be designed to enable the efficient recycling of end-of-life PMMA, which is expected to be further used to produce recycled content-based acrylic compounds, sheets, and resins.
In October 2023, Eni S.p.A. initiated the construction of a demo plant in Mantua to develop its proprietary technology, Hoop. This technology is expected to be used for the chemical recycling of mixed plastic waste and it is a joint venture project with S.R.S., an Italian engineering company. Such developments are expected to fuel the growth of the chemical recycling of plastics market in Italy.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy chemical recycling of plastics market , including forecasts for subscribers. This country databook contains high-level insights into Italy chemical recycling of plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy chemical recycling of plastics market size, by type, 2018-2030 (US$M)
Italy Chemical Recycling Of Plastics Market Outlook Share, 2023 & 2030 (US$M)
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