Saudi Arabia Plastic To Fuel Market Size & Outlook
Saudi Arabia plastic to fuel market, 2018-2030 (US$M)
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Saudi Arabia plastic to fuel market highlights
- The Saudi Arabia plastic to fuel market generated a revenue of USD 2.0 million in 2023 and is expected to reach USD 5.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 14.5% 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.
Plastic to fuel market data book summary
| Market revenue in 2023 | USD 2.0 million |
| Market revenue in 2030 | USD 5.1 million |
| Growth rate | 14.5% (CAGR from 2023 to 2030) |
| Largest segment | Gasification |
| Fastest growing segment | Pyrolysis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 0.4% 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 Middle East & Africa, Saudi Arabia plastic to fuel market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2.7 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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Saudi Arabia 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 90% in 2023. Horizon Databook has segmented the Saudi Arabia plastic to fuel market based on pyrolysis, gasification covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia plastics to fuel market is expected to ascend in upcoming years. The country has been witnessing rising industrialization, growing population, and rapid urbanization, which have resulted in augmented levels of waste and pollution.
In Saudi Arabia, waste is collected from the community or individual bins and disposed in dumpsites or landfills. The country’s waste management structure is characterized by the lack of waste recycling facilities and absence of tipping fees.
Many of the landfills are anticipated to reach their capacities over the next 10 years. Recycling, and conversion of plastics to fuel are still at an early stage in the country. Plastic waste sorting and recycling are mostly carried out by an active informal sector.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia plastic to fuel market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia plastic to fuel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia plastic to fuel market size, by technology, 2018-2030 (US$M)
Saudi Arabia Plastic To Fuel Market Outlook Share, 2023 & 2030 (US$M)
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