Latin America Plastic To Fuel Market Size & Outlook
Latin America plastic to fuel market, 2018-2030 (US$M)
Related Markets
Latin America plastic to fuel market highlights
- The Latin America plastic to fuel market generated a revenue of USD 6.3 million in 2023.
- The market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, gasification was the largest revenue generating technology in 2023.
- Pyrolysis is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 6.3 million |
| Market revenue in 2030 | USD 8.5 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Gasification |
| Fastest growing segment | Pyrolysis |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pyrolysis, Gasification |
| Key market players worldwide | Plastic2Oil Inc, Neste OYJ, Agilyx ASA Ordinary Shares |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.2% 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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Latin America 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.
Gasification was the largest segment with a revenue share of 96.83% in 2023. Horizon Databook has segmented the Latin America plastic to fuel market based on pyrolysis, gasification covering the revenue growth of each sub-segment from 2018 to 2030.
As compared to other regional markets, Central & South America plastic to fuel market had a significant growth owing to the improper planning of waste management, inadequate infrastructure, and lack of proper training & awareness of waste recycling.
However, the initiatives taken by the key governments in the region to promote plastics waste recycling is expected to drive the market in region over the forecast period. Increasing population, rising urbanization, economic growth, and unsustainable consumption & production patterns are some of the factors contributing to the rise in waste generation in the region.
Countries within the region including Brazil, Argentina, Chile, and Venezuela are showing improvement in the collection of generated waste. Furthermore, rising awareness of waste recycling in the region is expected to have a positive impact on the market over the forecast period.
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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 Latin America plastic to fuel market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America plastic to fuel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America plastic to fuel market size, by country, 2018-2030 (US$M)
Latin America Plastic To Fuel Market Outlook Share, 2023 & 2030 (US$M)
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