UK Plastic To Fuel Market Size & Outlook, 2023-2030
UK plastic to fuel market, 2018-2030 (US$M)
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UK plastic to fuel market highlights
- The UK plastic to fuel market generated a revenue of USD 26.8 million in 2023 and is expected to reach USD 114.6 million by 2030.
- The UK market is expected to grow at a CAGR of 23.1% 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 26.8 million |
| Market revenue in 2030 | USD 114.6 million |
| Growth rate | 23.1% (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, Depolymerization, Gasification |
| Key market players worldwide | Plastic2Oil Inc, Neste OYJ, Agilyx ASA Ordinary Shares |
Other key industry trends
- In terms of revenue, UK accounted for 5.0% 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 Europe, Germany plastic to fuel market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 63.3 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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UK 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 84.33% in 2023. Horizon Databook has segmented the UK plastic to fuel market based on pyrolysis, depolymerization, gasification covering the revenue growth of each sub-segment from 2018 to 2030.
The UK government aims to work toward all kinds plastic placed on the market that are recyclable, and can also be converted into high grade fuels. In 2011, SITA announced that it secured permission from the Bristol City council to build the 1st plastics to diesel facility located at Avonmouth, and the project is named as Bristol Resource Recovery Park.
In order to reduce plastic waste, the government is encouraging to use innovative waste plastic treatment technologies in order to produce transport fuel through Renewable Transport Fuels Obligation (RTFO).
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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 UK plastic to fuel market , including forecasts for subscribers. This country databook contains high-level insights into UK plastic to fuel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK plastic to fuel market size, by technology, 2018-2030 (US$M)
UK Plastic To Fuel Market Outlook Share, 2023 & 2030 (US$M)
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