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 |
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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.
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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