Singapore Plastic To Fuel Market Size & Outlook, 2023-2030
Singapore plastic to fuel market, 2018-2030 (US$M)
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Singapore plastic to fuel market highlights
- The Singapore plastic to fuel market generated a revenue of USD 1.4 million in 2023 and is expected to reach USD 5.4 million by 2030.
- The Singapore market is expected to grow at a CAGR of 21.7% from 2024 to 2030.
- In terms of segment, pyrolysis 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 1.4 million |
| Market revenue in 2030 | USD 5.4 million |
| Growth rate | 21.7% (CAGR from 2023 to 2030) |
| Largest segment | Pyrolysis |
| 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, Singapore accounted for 0.3% 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 |
|---|
Singapore 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 71.43% in 2023. Horizon Databook has segmented the Singapore plastic to fuel market based on pyrolysis, gasification covering the revenue growth of each sub-segment from 2018 to 2030.
After China enacted a ban on importing most plastics waste in 2018, Singapore moved away from exporting its plastic waste towards recycling plastics waste and then producing fuel and other reusable products or decreasing the consumption of plastics across the country.
Thus, such factors are likely to boost market plastic to fuel market growth over the forecast period. In October 2020, Shell and National Environment Agency will provide a feasibility study for a chemically recycling plastic waste plant located in Singapore.
The study was performed to understand better the commercial and technical aspects of the recycling plant’s value chain in Singapore, which will ultimately lead the companies to realize the goal to become a circular economy for plastics.
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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 Singapore plastic to fuel market , including forecasts for subscribers. This country databook contains high-level insights into Singapore plastic to fuel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore plastic to fuel market size, by technology, 2018-2030 (US$M)
Singapore Plastic To Fuel Market Outlook Share, 2023 & 2030 (US$M)
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