Market revenue in 2023 | USD 157.7 million |
Market revenue in 2030 | USD 622.9 million |
Growth rate | 21.7% (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 |
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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 87.25% in 2023. Horizon Databook has segmented the Europe plastic to fuel market based on pyrolysis, depolymerization, gasification covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is the second-largest regional segment in the market. The EU and local policymakers are creating a favorable regulatory environment for the plastic to fuel market to grow substantially in the upcoming years.
European Union adopted a roadmap in March 2011 to transition toward a low carbon economy by 2050. A highly developed infrastructure and regional government's diligent efforts to promote and employ green and clean energy technologies are expected to drive market growth over the forecast period.
Landfills bans has been existed for decades in many European Union countries such as Germany, Denmark, Austria, and France. High landfill tipping fees, closing costs of landfills, waste management, and dumping tariffs have encouraged the population to switch to plastics waste recycling and conversion of plastics waste to fuel.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe plastic to fuel market , including forecasts for subscribers. This continent databook contains high-level insights into Europe plastic to fuel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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