U.S. Plastic To Fuel Market Size & Outlook, 2023-2030
U.S. plastic to fuel market, 2018-2030 (US$M)
Related Markets
U.S. plastic to fuel market highlights
- The U.S. plastic to fuel market generated a revenue of USD 71.9 million in 2023 and is expected to reach USD 310.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 23.3% 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.
Plastic to fuel market data book summary
| Market revenue in 2023 | USD 71.9 million |
| Market revenue in 2030 | USD 310.8 million |
| Growth rate | 23.3% (CAGR from 2023 to 2030) |
| Largest segment | Pyrolysis |
| Fastest growing segment | Depolymerization |
| 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, U.S. accounted for 13.5% 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 North America, U.S. plastic to fuel market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 7.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Plastic To Fuel Market Scope
Plastic To Fuel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 85.4% in 2023. Horizon Databook has segmented the U.S. plastic to fuel market based on pyrolysis, depolymerization, gasification covering the revenue growth of each sub-segment from 2018 to 2030.
Over 70% to 80% of the plastic waste in the country is disposed of in landfills. The country's recycling rate is very low compared to other countries such as Germany, France, the U.K., China, and Italy. However, the rising adoption of recycled material in numerous industries is likely to drive the demand for recycling plastic waste.
Hence, it is projected to have a positive impact on the market over the forecast period. The U.S. was the largest exporter of plastic waste to China until introducing the National Sword policy China to ban the import of plastic waste.
Due to this ban, the country is facing a plastic waste recycling crisis. To overcome this crisis, the U.S. Plastics Industry Association drafted the RECOVER Act. USD 500 million will be allocated to states and municipalities as a federal grant to boost the investments dedicated to improving the recycling infrastructure and processing recyclables, and upgrading plants and convert plastics to fuel.
Reasons to subscribe to U.S. plastic to fuel market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. plastic to fuel market databook
-
Our clientele includes a mix of plastic to fuel market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. plastic to fuel market , including forecasts for subscribers. This country databook contains high-level insights into U.S. plastic to fuel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. plastic to fuel market size, by technology, 2018-2030 (US$M)
U.S. Plastic To Fuel Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
