North America Chemical Recycling Of Plastics Market Size & Outlook
North America chemical recycling of plastics market, 2018-2030 (US$M)
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North America chemical recycling of plastics market highlights
- The North America chemical recycling of plastics market generated a revenue of USD 2,786.9 million in 2023.
- The market is expected to grow at a CAGR of 4.8% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,786.9 million |
| Market revenue in 2030 | USD 3,870.3 million |
| Growth rate | 4.8% (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, North America region accounted for 21.2% 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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North America 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 44.49% in 2023. Horizon Databook has segmented the North America chemical recycling of plastics market based on depolymerization, dissolution, conversion covering the revenue growth of each sub-segment from 2018 to 2030.
North America is one of the major consumers of plastics owing to the high demand from the automotive, electrical & electronics, packaging, and construction sectors, which leads to a large amount of plastic waste generation.
Furthermore, collaborations among North American plastic waste recycling associations are being observed, which focus on creating a circular plastics economy in the region, presenting a positive outlook for the market.
For instance, in November 2023, APR collaborated with CPP and its members from the plastics value chain to address issues related to hard-to-recycle plastics, thus positively influencing the growth of the chemical recycling of plastics market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America chemical recycling of plastics market , including forecasts for subscribers. This continent databook contains high-level insights into North America chemical recycling of plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America chemical recycling of plastics market size, by country, 2018-2030 (US$M)
North America Chemical Recycling Of Plastics Market Outlook Share, 2023 & 2030 (US$M)
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