China Solvent-based Plastic Recycling Market Size & Outlook
China solvent-based plastic recycling market, 2018-2030 (US$M)
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China solvent-based plastic recycling market highlights
- The China solvent-based plastic recycling market generated a revenue of USD 20.3 million in 2024 and is expected to reach USD 36.3 million by 2030.
- The China market is expected to grow at a CAGR of 10.2% from 2025 to 2030.
- In terms of segment, polystyrene was the largest revenue generating product in 2024.
- Polyethylene is the most lucrative product segment registering the fastest growth during the forecast period.
Solvent-based plastic recycling market data book summary
| Market revenue in 2024 | USD 20.3 million |
| Market revenue in 2030 | USD 36.3 million |
| Growth rate | 10.2% (CAGR from 2024 to 2030) |
| Largest segment | Polystyrene |
| Fastest growing segment | Polyethylene |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polystyrene, Polyethylene Terephthalate, Polyethylene, Polyvinyl Chloride, Polypropylene |
| Key market players worldwide | Solvay SA, Sulzer AG, Trinseo PLC, Procter & Gamble Co, PureCycle Technologies Inc Ordinary Shares, APK, Fraunhofer-Gesellschaft, Saperatec |
Other key industry trends
- In terms of revenue, China accounted for 3.1% of the global solvent-based plastic recycling market in 2024.
- Country-wise, Germany is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China solvent-based plastic recycling market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 12.4 million by 2030.
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Solvent-based Plastic Recycling Market Scope
Solvent-based Plastic Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
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China solvent-based plastic recycling 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 solvent-based plastic recycling market will help companies and investors design strategic landscapes.
Polystyrene was the largest segment with a revenue share of 47.29% in 2024. Horizon Databook has segmented the China solvent-based plastic recycling market based on polystyrene, polyethylene terephthalate, polyethylene, polyvinyl chloride, polypropylene covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the fastest-growing economies in the world. The country accounted for a significant share of the global demand for solvent-based plastic recycling in 2021. The rising number of infrastructure development projects and growing manufacturing industry are expected to drive market growth over the forecast period.
After the ban on import of plastic waste since 2018, the Chinese government is investing in developing plastic recycling facilities in other countries. Recently, Chinese Global Recycling company has invested USD 15 million in Georgia to develop a plastic recycling facility.
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Target buyers of China solvent-based plastic recycling market databook
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Our clientele includes a mix of solvent-based plastic recycling market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 China solvent-based plastic recycling market , including forecasts for subscribers. This country databook contains high-level insights into China solvent-based plastic recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China solvent-based plastic recycling market size, by product, 2018-2030 (US$M)
China Solvent-based Plastic Recycling Market Outlook Share, 2024 & 2030 (US$M)
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