U.S. Chemical Recycling Of Plastics Market Size & Outlook
U.S. chemical recycling of plastics market, 2018-2030 (US$M)
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U.S. chemical recycling of plastics market highlights
- The U.S. chemical recycling of plastics market generated a revenue of USD 1,466.8 million in 2023 and is expected to reach USD 2,056.3 million by 2030.
- The U.S. 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 1,466.8 million |
| Market revenue in 2030 | USD 2,056.3 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, U.S. accounted for 11.2% 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 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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U.S. 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 44.44% in 2023. Horizon Databook has segmented the U.S. chemical recycling of plastics market based on depolymerization, dissolution, conversion covering the revenue growth of each sub-segment from 2018 to 2030.
The plastic recycling rate in the U.S. is low as the plastic waste generated in the country is exported to other countries for recycling. For instance, following China’s ban on the import of plastic waste in 2018, the U.S. is exporting its plastic waste to Southeast Asian countries such as Malaysia, Indonesia, and Thailand.
In October 2023, the Break Free From Plastic Pollution Act of 2023 was reintroduced by the U.S. Senate Committee on Environment and Public Works, which requires packaging producers to design, finance, and manage waste & recycling programs.
This act also mandates the U.S. EPA to conduct a comprehensive study on cumulative health impacts of chemical recycling facilities and incinerators in collaboration with the National Academies of Science, which can influence chemical recycling of plastics market in the U.S.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. chemical recycling of plastics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. chemical recycling of plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. chemical recycling of plastics market size, by type, 2018-2030 (US$M)
U.S. Chemical Recycling Of Plastics Market Outlook Share, 2023 & 2030 (US$M)
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