India Plastic To Fuel Market Size & Outlook, 2023-2030
India plastic to fuel market, 2018-2030 (US$M)
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India plastic to fuel market highlights
- The India plastic to fuel market generated a revenue of USD 86.3 million in 2023 and is expected to reach USD 551.2 million by 2030.
- The India market is expected to grow at a CAGR of 30.3% 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 86.3 million |
| Market revenue in 2030 | USD 551.2 million |
| Growth rate | 30.3% (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, India accounted for 16.2% 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 |
|---|
India 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 83.89% in 2023. Horizon Databook has segmented the India plastic to fuel market based on pyrolysis, depolymerization, gasification covering the revenue growth of each sub-segment from 2018 to 2030.
Rising environmental concerns related to agro-industrial and manure waste management are contributing to the increased demand growing interest in using renewable sources of energy in India.
The government is establishing new policies to support the development of anaerobic digestion and renewable energy sources while creating more opportunities for anaerobic digestion, thus helping the Indian Plastic to Fuel market to expand further in the coming years. Plastics market is a significant contributor to the economic development of India.
The country is considered to be one of the most important markets for plastic waste recycling owing to rapid industrialization, population, and economic growth, resulting in increased waste generation in the last few years.
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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 country-level data and insights on the India plastic to fuel market , including forecasts for subscribers. This country databook contains high-level insights into India plastic to fuel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India plastic to fuel market size, by technology, 2018-2030 (US$M)
India Plastic To Fuel Market Outlook Share, 2023 & 2030 (US$M)
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