Middle East & Africa Plastic To Fuel Market Size & Outlook
Middle East & Africa plastic to fuel market, 2018-2030 (US$M)
Related Markets
MEA plastic to fuel market highlights
- The MEA plastic to fuel market generated a revenue of USD 9.6 million in 2023.
- The market is expected to grow at a CAGR of 14% 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, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 9.6 million |
| Market revenue in 2030 | USD 24.0 million |
| Growth rate | 14% (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, MEA region accounted for 1.8% 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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Middle East & Africa 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 91.67% in 2023. Horizon Databook has segmented the Middle East & Africa plastic to fuel market based on pyrolysis, gasification covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa plastics to fuel market is expected to ascend in upcoming years. The growth is attributed to the increasing awareness regarding sustainable advantages and benefits of recycled plastics waste used to convert into a high grade fuel.
However, lack of money, inadequate infrastructure to introduce effective collection, and recycling in vast majority of countries in the Africa region have resulted in illegal landfill sites, thereby hampering the market growth.
However, the governments had started the execution of their recycling plans. For instance, Morocco, with the support of the World Bank, aims to surge the recycling rate to 20% by 2022. Hence, this is projected to benefit the market.
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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 Middle East & Africa plastic to fuel market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa plastic to fuel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA plastic to fuel market size, by country, 2018-2030 (US$M)
Middle East & Africa Plastic To Fuel Market Outlook Share, 2023 & 2030 (US$M)
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