North America Plastic To Fuel Market Size & Outlook
North America plastic to fuel market, 2018-2030 (US$M)
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North America plastic to fuel market highlights
- The North America plastic to fuel market generated a revenue of USD 105.6 million in 2023.
- The market is expected to grow at a CAGR of 23.6% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 105.6 million |
| Market revenue in 2030 | USD 464.6 million |
| Growth rate | 23.6% (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 |
Other key industry trends
- In terms of revenue, North America region accounted for 19.9% 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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North 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.
Pyrolysis was the largest segment with a revenue share of 83.71% in 2023. Horizon Databook has segmented the North America plastic to fuel market based on pyrolysis, depolymerization, gasification covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing domestic and industrial plastic waste in North America has encouraged the government to form strict regulations against solid waste landfilling across various parts of North America. Increased MSW and strict legislation by the regional governments have prompted energy generation from the region's waste.
Moreover, the shifting trend toward replacing conventional energy generated from fossil fuels with renewable energy to lower carbon emissions and ensure energy security is expected to drive plastic to the fuel market in North America. Nearly, 5% to 10% of plastic waste goes into recycling.
Stringent regulations and numerous initiatives on plastic waste recycling are projected to benefit the Plastic to Fuel market over the forecast period. Some of the companies in the Plastic to Fuel market are following various strategies such as mergers & acquisitions, adoption of new technologies, for expansion of their recycling & processing capacities, geographical reach, and catering their products and services to a wider customer base.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America plastic to fuel market , including forecasts for subscribers. This continent databook contains high-level insights into North America plastic to fuel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America plastic to fuel market size, by country, 2018-2030 (US$M)
North America Plastic To Fuel Market Outlook Share, 2023 & 2030 (US$M)
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