Asia Pacific Plastic To Fuel Market Size & Outlook
Asia Pacific plastic to fuel market, 2018-2030 (US$M)
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Asia Pacific plastic to fuel market highlights
- The Asia Pacific plastic to fuel market generated a revenue of USD 252.0 million in 2023.
- The market is expected to grow at a CAGR of 29.9% from 2024 to 2030.
- In terms of segment, pyrolysis was the largest revenue generating technology in 2023.
- Depolymerization is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 252.0 million |
| Market revenue in 2030 | USD 1,573.6 million |
| Growth rate | 29.9% (CAGR from 2023 to 2030) |
| Largest segment | Pyrolysis |
| 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 | Pyrolysis, Depolymerization, Gasification |
| Key market players worldwide | Plastic2Oil Inc, Neste OYJ, Agilyx ASA Ordinary Shares |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 47.4% of the global plastic to fuel 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 1,573.6 million by 2030.
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Plastic To Fuel Market Scope
Plastic To Fuel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific plastic to fuel 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 plastic to fuel market will help companies and investors design strategic landscapes.
Pyrolysis was the largest segment with a revenue share of 80.28% in 2023. Horizon Databook has segmented the Asia Pacific plastic to fuel market based on pyrolysis, depolymerization, gasification covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific dominated the market in 2020. The major demand for plastic to fuel is expected to arise from Singapore, Indonesia, Vietnam, China, Japan, and India. Increasing urbanization and industrialization in this region is expected to fuel market growth over the upcoming years.
Favorable government policies and regulations to promote the development of renewable energy technologies are projected to propel market growth over the forecast period. China is the second-largest waste generating county in the world.
Though, China was the world’s largest importer of waste plastics; however, in January 2018, the country introduced the National Sword policy, which imposed ban on the import of most plastics waste and other waste materials.
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Our clientele includes a mix of plastic to fuel market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific plastic to fuel market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific plastic to fuel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific plastic to fuel market size, by country, 2018-2030 (US$M)
Asia Pacific Plastic To Fuel Market Outlook Share, 2023 & 2030 (US$M)
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