Spain Chemical Recycling Of Plastics Market Size & Outlook
Spain chemical recycling of plastics market, 2018-2030 (US$M)
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Spain chemical recycling of plastics market highlights
- The Spain chemical recycling of plastics market generated a revenue of USD 364.3 million in 2023 and is expected to reach USD 500.4 million by 2030.
- The Spain 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 364.3 million |
| Market revenue in 2030 | USD 500.4 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, Spain accounted for 2.8% 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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Spain 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 45.24% in 2023. Horizon Databook has segmented the Spain chemical recycling of plastics market based on depolymerization, dissolution, conversion covering the revenue growth of each sub-segment from 2018 to 2030.
According to Plastics Europe, Spain is the first nation in the EU to pass a non-law proposal to encourage the use of recovered products from the chemical recycling of plastics and include chemical recycling in the Law on Waste and Contaminated Land.
The research, development, and innovation (R&D&I) environment in Spain is very favorable for the advancement of various chemical recycling technologies. A supportive environment that draws investment from private companies across recycled plastics value chain can help Spain establish itself as a prominent player in the plastics recycling market.
For instance, in January 2022, Total Energies and Plastic Energy announced the construction of a chemical recycling plant in Sevilla, Spain. The plant is expected to transform plastic scrap into Tacoil, a recycled feedstock, by using the recycling technology licensed by Plastic Energy. The feedstock is expected to be used by Total Energies to produce virgin-quality polymers for food-grade packaging.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain chemical recycling of plastics market , including forecasts for subscribers. This country databook contains high-level insights into Spain chemical recycling of plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain chemical recycling of plastics market size, by type, 2018-2030 (US$M)
Spain Chemical Recycling Of Plastics Market Outlook Share, 2023 & 2030 (US$M)
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