China Plastic To Fuel Market Size & Outlook, 2023-2030
China plastic to fuel market, 2018-2030 (US$M)
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China plastic to fuel market highlights
- The China plastic to fuel market generated a revenue of USD 102.7 million in 2023 and is expected to reach USD 682.0 million by 2030.
- The China market is expected to grow at a CAGR of 31.1% 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.
Plastic to fuel market data book summary
| Market revenue in 2023 | USD 102.7 million |
| Market revenue in 2030 | USD 682.0 million |
| Growth rate | 31.1% (CAGR from 2023 to 2030) |
| Largest segment | Pyrolysis |
| Fastest growing segment | Depolymerization |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 19.3% of the global plastic to fuel market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China plastic to fuel market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 682.0 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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China 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 77.41% in 2023. Horizon Databook has segmented the China plastic to fuel market based on pyrolysis, depolymerization, gasification covering the revenue growth of each sub-segment from 2018 to 2030.
Before 2018, China was the largest importer of plastic waste across the globe due to which country was facing high amount of plastic pollution. In order to reduce plastic pollution and have effective plastic waste management system across the country, from January 2018, China enacted ban on the import of most plastics waste.
This ban reduced around 99% of plastic waste imports to the country. Since, China is one of the most important emerging economies in the world. With the outbreak of the COVID-19 in China and subsequently across the globe is one of the significant factors contributing to the economic slowdown in the country.
China is the largest producer of plastic and second-largest plastic waste generating country. Besides, the growing importance of plastics to fuel in the country is expected to aid in reducing landfills. In November 2018, Xinxiang Doing Renewable Energy Equipment Co., Ltd installed two plastic waste pyrolysis plants in Yunnan, China.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China plastic to fuel market , including forecasts for subscribers. This country databook contains high-level insights into China plastic to fuel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China plastic to fuel market size, by technology, 2018-2030 (US$M)
China Plastic To Fuel Market Outlook Share, 2023 & 2030 (US$M)
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