Showing posts with label Recycled Plastic. Show all posts
Showing posts with label Recycled Plastic. Show all posts

Tuesday, 18 October 2016

Recycled Plastic & Plastic Waste to Oil Market: Environmental Concerns to Contribute Massively, reports TMR

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Innovations in recycled plastic and plastic waste material have created many new growth opportunities in the global market. Cynar Plc, Vadxx Energy LLC, Nexus Fuels, LLC, Clean Blue Technologies, Inc., Plastic2Oil Inc. (JBI, Inc.), RES Polyflow, PK Clean, Plastic Advanced Recycling, Corporation (PARC), and MK Aromatics Ltd. are some of the leading companies operating in the global recycled plastic and plastic waste to oil market. Transparency Market Research (TMR), in its new report, state that the global recycled plastic and plastic waste to oil market is expected to be benefited by the rising production of various types of plastics and the advancements in the technology to recycle plastic wastes.
The global recycled plastic and plastic waste to oil market is predicted to reach US$1,971.4 mn by 2024. Based on region, in 2014, the global recycled plastic and plastic waste to oil market was dominated by Europe and the trend is expected to continue throughout the forecast period. The Europe recycled plastic and plastic waste to oil market is predicted to reach US$587.5 mn by 2024.
Interpret a Competitive outlook Analysis Report with PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5774
Polyethylene (PE) to Dominate Global Market
By plastic, in 2014, the global recycled plastic and plastic waste to oil market was dominated by polyethylene (PE) segment. This segment is expected to reach 737.5 mn by 2024. Based on technology, the global recycled plastic and plastic waste to oil market is expected to be led by pyrolysis processes segment throughout the forecast period. This segment is expected to reach US$1,035.1 mn by 2024. By end-fuel, the diesel segment is predicted to lead the global recycled plastic and plastic waste to oil market. “The diesel end-fuel segment is expected to reach US$944.3 mn by 2024,” states a TMR analyst.
Environmental Concerns to be Biggest Driver
Plastic is considered to be a vital component of the modern day civilization with its consistently rising applications in numerous industries. The awareness of the environmental effects of plastic disposal is spreading among people from across the globe. Most of the plastics pollute the water and air and cause severe health effects. The rising environmental concerns from the plastic disposals and the increasing government rules regarding the disposal of plastics are two of the important factors expected to propel the global recycled plastic and plastic waste to oil market. Governments of many nations are engaged in increasing their funding for the introduction of new ways to recycle plastic and plastic wastes.
Declining Crude Oil Prices Can be a Concern
The prices of crude oil are declining at a considerable rate in many countries across the globe. Declining prices of conventional crude oil have been limiting the pricing advantage as observed by the synthetic crude oil. The declining prices of conventional crude oil are predicted to hamper the global recycled plastic and plastic waste to oil market. In the near future, plastic to oil suppliers are predicted to improve the competence of all existing systems.
Increasing Plastic Production to Contribute Largely
The production of plastic is increasing across the globe owing to the rising demand from many industries. Irrespective of global warming, the use of plastic for packaging of a wide variety of consumer goods still remains high. Plastics find application in food and beverages, electronics, medicines, automobiles, and many other consumer goods. The increasing production of plastics has led to the growth of the plastic industry. Rising production of plastics is expected to contribute towards the growth of the global recycled plastic and plastic waste to oil market in the years to come.
The global recycled plastic and plastic waste to oil market is segmented as follows:
Global Recycled Plastic & Plastic Waste to Oil Market: Plastic Type Analysis
  • Polyethylene (PE)
  • Polyethylene Terephthalate (PET)
  • Polystyrene (PS)
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Other Plastics
Global Recycled Plastic & Plastic Waste to Oil Market: Technology Analysis
  • Pyrolysis Process
  • Gasification and Synthesis Process
  • Catalytic Depolymerization Process
Global Recycled Plastic & Plastic Waste to Oil Market: End-Fuel Analysis
  • Diesel
  • Gasoline
  • Kerosene
  • Synthetic Gases
  • Others
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Friday, 26 August 2016

Need to Lower Greenhouse Emissions Boosts Adoption of Recycled Plastic and Plastic Waste to Oil Technology

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According to a report published by Transparency Market Research (TMR), the global recycled plastic and plastic waste to oil market which stood at US$542.8 mn in 2014 is anticipated to reach US$1,971.4 mn by 2024, expanding at a CAGR of 12.6% from 2016 to 2024.
As massive amounts of plastic trash accumulates across the world, countries have realized that one of the best ways to tackle and mitigate the huge volume of plastic waste is to make it valuable and convert it into a fuel. Plastic to oil is a technology that enables the eco-friendly disposal of plastic waste and is complementary to existing efforts to recycle plastic. This technology is helping countries dependent on crude oil imports to channel their plastic waste into useful fuel and reduce dependence on other countries. Additionally, plastic waste to oil technology can help lower greenhouse emissions by making use of non-recycled plastics from landfills.
Q. Which regions are expected to be key contributors in the recycled plastic and plastic waste to oil market?
The recycled plastic and plastic waste to oil markets in North America and South and Central America are expected to grow at a remarkable rate from 2016 to 2024. Previously however, Europe and Asia Pacific were key contributors in the market. Europe accounted for over 35% of the market in 2014.
Q. What are the factors driving the growth of the market?
The rising plastic production worldwide is the key driving factor for the recycled plastic and plastic waste to oil market. The rising use of plastic for packaging, toys, buckets, bottles, bags, and glasses is resulting in huge plastic waste, driving the market.
Growing concerns regarding the toxicity and environmental pollution caused by plastic waste are boosting the global recycled plastic and plastic waste to oil market. The recycled plastic and plastic waste to oil market also receives a huge support by government and environmental regulatory bodies. Various regulations against disposal of plastics are aiding the growth of the market.
Q. What are the new developments that have the potential to shape the recycled plastic and plastic waste to oil industry?
Chemists at UC Irvine have developed a new technique for the breaking down of polyethylene into its constituent elements, including diesel. The new technique makes use of hydrocarbons and a metal catalyst to break the plastic molecules into its constituent fuel compounds. The process is not yet launched commercially but is expected to be highly efficient and less toxic when it reaches the commercial market.
Jointly funded by Innovate UK and ESPRC, a research on Plaxx, developed by the British firm Recycling Technologies, is seen as a potential fuel for marine engines. The research on Plaxx, which is made from plastic waste, is expected to determine whether it can be used in diesel engines without causing engine wear.
Such developments in the field are expected to bring with them a new scope for improvement and growth in the recycled plastic and plastic waste to oil market.
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Tuesday, 7 June 2016

Global Recycled Plastic and Plastic Waste to Oil Market to Exhibit Robust 12.6% CAGR 2016-2024, to Reach US$1.9 bn

Leading market intelligence firm, Transparency Market Research (TMR), has announced the publication of a new market study. The study provides a detailed analysis of the global recycled plastic and plastic waste to oil market. The various product and regional segments of the global recycled plastic and plastic waste to oil market are examined in the report in order to provide a 360-degree overview of the industry.The report is titled ‘Recycled Plastic & Plastic Waste to Oil Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 - 2024’ and is available for sale on TMR’s official website.
The global recycled plastic and plastic waste to oil market is primarily driven by the rising need to find sustainable unconventional sources of oil. Since plastics are derived from petroleum, they can be reconstituted to obtain oil. This process has become vital in today’s environmental scenario, with the rising volume of plastic waste becoming a major ecological concern in several regions around the world. Converting this and other recycled plastic into oil would solve the ecological problems caused by it and assuage the rising problem of scarcity of oil.
According to the TMR report, the growing acknowledgment of the benefits of the conversion of recycled plastic and plastic waste to oil has helped the global market for the same massively. The market was valued at US$542.8 mn in 2014. The market is expected to be valued at more than US$1.9 bn by 2024, rising at a sturdy 12.6% CAGR from 2016 to 2024.
The report segments the global recycled plastic and plastic waste to oil market on the basis of the type of plastic used to obtain oil into polyethylene, polyethylene terephthalate, polyvinyl chloride, polystyrene, and polypropylene. Of these, polyethylene took up the largest share in the global market in 2015. The reason for the dominance of the segment is the high energy density of polyethylene.
The global recycled plastic and plastic waste to oil market is segmented on the basis of fuel type into diesel, kerosene, synthetic gases, gasoline, and others. Diesel production took up the largest share in the recycled plastic and plastic waste to oil market in 2015 due to the rising demand for diesel in the booming transportation sector in developing economies.
Interpret a Competitive outlook Analysis Report with free PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5774
Geographically, Europe is the largest market for recycled plastic and plastic waste to oil. The high environmental awareness in the region and the proactive stance of most governments in the region in support of environmental protection are responsible for the dominant share of Europe in the global recycled plastic and plastic waste to oil market. Asia Pacific and North America followed Europe in the global recycled plastic and plastic waste to oil market in 2015 and are expected to remain major regional markets in the coming years.
The report also looks into the competitive dynamics of the global recycled plastic and plastic waste to oil market by profiling major players such as Agilyx Inc., Nexus Fuels LLC, Plastic Advanced Recycling Corporation, Cynar plc, Clean Blue Technologies Inc., and MK Aromatics Ltd.
Global Recycled Plastic & Plastic Waste to Oil Market: Plastic Type Analysis
  • Polyethylene (PE)
  • Polyethylene Terephthalate (PET)
  • Polystyrene (PS)
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Other Plastics
Global Recycled Plastic & Plastic Waste to Oil Market: Technology Analysis
  • Pyrolysis Process
  • Gasification and Synthesis Process
  • Catalytic Depolymerization Process
Global Recycled Plastic & Plastic Waste to Oil Market: End-Fuel Analysis
  • Diesel
  • Gasoline
  • Kerosene
  • Synthetic Gases
  • Others
Global Recycled Plastic & Plastic Waste to Oil Market: Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South & Central America
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
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Tuesday, 10 May 2016

Recycled Plastic & Plastic Waste to Oil Market Segment Forecasts up to 2024, Research Reports:Transparency Market Research

Plastic has become vital for modern day existence. Plastics are used to manufacture numerous daily use products as well as for packaging a variety of products. Production and consumption of plastics have been constantly increasing to meet the needs of growing markets. Increasing plastic production has led to increase in plastic waste generation. As per the World Bank, around 130 million metric tons per year (MTPY) of plastic waste is generated across the globe. Management of plastic waste is one of the world’s greatest ecological challenges. Plastic waste pollutes land and oceans and severely affects the natural habitats and food chain of living beings.

Plastic to oil (fuel) process is one of the best emerging technologies to convert plastic into synthetic crude oil and other petroleum products. Plastic to oil (fuel) process not only aids in converting plastic to synthetic crude oil (fuel) but also enables eco-friendly disposal of plastic waste. Plastic to oil (fuel) process is an advanced waste conversion technology that is considered complementary to existing plastic recycling efforts as it usually does not consider plastic resins that are valued by the recycling markets. Plastic to oil (fuel) process is not projected as a replacement to traditional recycling practices. However, due to low plastic recycling rates, it is becoming a feasible addition to plastic waste management infrastructure.
In terms of plastic type, the recycled plastic & plastic waste to oil market has been segmented into polyethylene (PE), polyethylene terephthalate (PET), polystyrene (PS), polyvinyl chloride (PVC), polypropylene (PP), and other plastics. Polyethylene (PE) is one of the most preferred plastic for plastic to oil (fuel) process owing to its higher energy conversion rates. High density polyethylene (HDPE) produces higher yield compared to low density polyethylene (LDPE), predominantly due to separation issues. Plastic waste from industries, commercial facilities, and residential facilities as well as municipality and ocean waste are utilized as feedstock in plastic to oil (fuel) process.
On the basis of technology, the recycled plastic & plastic waste to oil market has been segmented into pyrolysis, gasification and synthesis, and catalytic depolymerization processes. Pyrolysis process is the most widely used technology for converting plastic into oil (fuel). Pyrolysis process is expected to continue to dominate the recycled plastic & plastic waste to oil market due to its lower CAPEX requirements as compared to other technologies. Catalytic depolymerization is currently the latest as well as the most expensive technology to convert plastic into oil (fuel).
Based on end-fuel, the recycled plastic & plastic waste to oil market has been segmented into diesel, gasoline, kerosene, synthetic gases, and others. Diesel is the most widely produced fuel from plastic to oil (fuel) process. Gasoline and kerosene are also produced in large volumes through plastic to oil (fuel) process. Diesel is expected to generate highest revenues owning to its increasing demand and numerous applications across various industries.
Europe is the largest market for plastic to oil (fuel) processes and systems. Asia Pacific also has a significant market for plastic to oil (fuel) processes and systems. Countries such as Germany, the U.K., China, and Japan are the leading players for plastic to oil (fuel) process in these regions. North America, Middle East & Africa, and South & Central America also have significant demand for plastic to oil (fuel) process. Countries such as the U.S., Kingdom of Saudi Arabia, Brazil, and the UAE are driving the market in these regions. The U.S. is expected to be one of the leading players in the global recycled plastic & plastic waste to oil market in the next few years.
Rising environmental concerns across the globe and increasing government and environmental regulations against the disposal of plastics have boosted the installation of plastic to oil (fuel) systems across the globe. However, declining crude oil prices are expected to hamper the growth of global recycled plastic & plastic waste to oil market. Increasing plastic production globally is expected to boost the adoption of plastic to oil (fuel) systems in the near future.
Some of the companies operating in the recycled plastic & plastic waste to oil market include Agilyx Inc., Cynar Plc, Vadxx Energy LLC, Nexus Fuels, LLC, Clean Blue Technologies Inc., Plastic2Oil Inc. (JBI Inc.), RES Polyflow, PK Clean, Plastic Advanced Recycling Corporation (PARC), and MK Aromatics Ltd.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
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Monday, 18 April 2016

Global Recycled Plastic & Plastic Waste to Oil Market to Touch US$1,971.4 mn by 2024 as Plastic Use Mounts Worldwide

Transparency Market Research has released a new market report titled “Recycled Plastic & Plastic Waste to Oil Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast, 2016 - 2024.”The report defines and segments the recycled plastic & plastic waste to oil market, providing analysis and forecasts of the global revenue. According to the report, the global recycled plastic & plastic waste to oil market stood at US$542.8 mn in 2014 and is likely to reach US$1,971.4 mn by 2024, expanding at a CAGR of 12.6% between 2016 and 2024.

The global recycled plastic & plastic waste to oil market has been broadly segmented on the basis of plastic type into polyethylene (PE), polyethylene terephthalate (PET), polystyrene (PS), polyvinyl chloride (PVC), polypropylene (PP), and other plastics (acrylic, polycarbonate, polylactic fibers, nylon, and fiberglass). On the basis of technology, the global recycled plastic & plastic waste to oil market has been segmented into pyrolysis, gasification and synthesis, and catalytic depolymerization processes. The global recycled plastic & plastic waste to oil market has also been segmented on the basis on end-fuel into diesel, gasoline, kerosene, synthetic gases, and others.
Plastic to oil (fuel) process is one of the highly efficient technologies to convert plastic into synthetic crude oil and other petroleum products. Plastic to oil (fuel) systems process feedstock (different types of plastic) and convert it into synthetic crude oil, its distillates, and other refined petroleum products. Plastic to oil (fuel) process not only aids in converting plastic to synthetic crude oil (fuel) but also enables eco-friendly disposal of plastic waste. Plastic to oil (fuel) process is an advanced waste conversion technology that is considered complementary to existing plastic recycling efforts as it usually does not consider plastic resins that are valued by the recycling markets. Plastic to oil (fuel) process is not projected to be a replacement to traditional recycling practices, but due to low plastic recycling rates, it is becoming a feasible addition to plastic waste management infrastructure. Rising environmental concerns across the globe and increasing government and environmental regulations against the disposal of plastics have augmented the sales of plastic to oil (fuel) systems across the globe. Countries dependent on crude oil imports have started adopting plastic to oil (fuel) processes which has also boosted the sales of plastic to oi (fuel) systems. Increasing plastic production globally is also expected to boost the revenues of the recycled plastic & plastic waste to oil market.
Pyrolysis process was the largest technology segment of the global recycled plastic & plastic waste to oil market, accounting for more than 50% of the global share in 2014. Pyrolysis process is expected to dominate the market due to its lower CAPEX requirements as compared to gasification and catalytic depolymerization processes. Polyethylene (PE) was the largest plastic type segment of the global recycled plastic & plastic waste to oil market, accounting for more than 40% of the global share in 2014. Polyethylene (PE) is one of the most preferred plastic types for plastic to oil (fuel) processes owing to its high energy conversion rates. On the basis of end-fuel, diesel was the largest segment, accounting for more than 50% of the global recycled plastic & plastic waste to oil market share in 2014.
The global recycled plastic & plastic waste to oil market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Europe accounted for more than 35% of the global market share in 2014. Asia Pacific was the second-largest market for recycled plastic & plastic waste to oil in 2014. However, the recycled plastic & plastic waste to oil market in North America and South & Central America are anticipated to grow at fastest rates during the forecast period.
Some of the leading companies in the global recycled plastic & plastic waste to oil market include Agilyx Inc., Cynar Plc, Vadxx Energy LLC, Nexus Fuels, LLC, Clean Blue Technologies Inc., Plastic2Oil Inc. (JBI, Inc.), RES Polyflow, PK Clean, Plastic Advanced Recycling Corporation (PARC), and MK Aromatics Ltd. The report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, key technologies, filed or pending patents, production capacities, and recent developments. The global recycled plastic & plastic waste to oil market has been segmented as follows:
Global Recycled Plastic & Plastic Waste to Oil Market: Plastic Type Analysis
  • Polyethylene (PE)
  • Polyethylene Terephthalate (PET)
  • Polystyrene (PS)
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Other Plastics
Global Recycled Plastic & Plastic Waste to Oil Market: Technology Analysis
  • Pyrolysis Process
  • Gasification and Synthesis Process
  • Catalytic Depolymerization Process
Global Recycled Plastic & Plastic Waste to Oil Market: End-Fuel Analysis
  • Diesel
  • Gasoline
  • Kerosene
  • Synthetic Gases
  • Others
Global Recycled Plastic & Plastic Waste to Oil Market: Regional Analysis
North America
U.S.
Rest of North America
Europe
Germany
U.K.
Rest of Europe
Asia Pacific
China
Japan
Rest of Asia Pacific
Middle East & Africa
Kingdom of Saudi Arabia
UAE
Rest of Middle East & Africa
South & Central America
Brazil
Rest of South & Central America
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
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