Global Plastic To Fuels Market Overview:
Converting plastic waste into fuel is called pyrolysis. This technique needs heating the plastics at a high temperature. Materials are separated and this enables them to be reused in an eco-friendly way. Conversion of plastic to fuels is an inexpensive process. Rapidly growing plastic waste over the world and needs to overcome the plastic waste is the major driving factor for the market growth.
Growth Drivers
- Low Cost Associated with the Plastic to Fuel Conversion Process
Roadblocks
- The Fuels Contain Higher Sulfur Content than Normal Fuels
Opportunities
- Government Investments on Plastic to Fuels Plants
Challenges
- Burning Plastics can Release Nitrous Oxides, Sulphur Dioxides, Particulate Matter, and Other Harmful Pollutants
- Stringent Environmental Regulations on the Conversion of Plastic To Fuels
Competitive Landscape:
Global Plastic To Fuels is a fragmented market due to the presence of various players. The players are investing more in mergers and acquisitions to enhance their market presence. The companies are planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are BRADAM Energies (United States), RESYNERGI (United States), Sierra Energy (United States), Agilyx (Norway), Fulcrum BioEnergy (United States), Centre for Process (United Kingdom), Technical Data Analysis, Inc. (United States), Optomec (United States) and Tetramer Technologies (United States). Considering Market by Technology, the sub-segment i.e. Primary Recycling will boost the Plastic To Fuels market. Considering Market by Method, the sub-segment i.e. Pyrolysis/Thermal Degradation will boost the Plastic To Fuels market.
Latest Market Insights:
In 2020, Agilyx has announced the collaboration with TechnipFMC. The combination will jointly develop a process to purify Agilyx Styrene Oil to high purity styrene. The collaboration will leverage the expertise of each company enabling a new production path of styrene by post-use polystyrene products.
In 2020, Agilyx has launched its existing post-use plastic feedback management system to create a new subsidiary company Cyclyx International, Inc. The new company is dramatically increasing the recyclability of post-use plastics with a priority for fully circular paths and assisting in the growth of new supply chains that will be combined and preprocess larger volumes of post-use plastic than current systems can support.
What Can be Explored with the Plastic To Fuels Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Plastic To Fuels Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Plastic To Fuels
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Plastic To Fuels market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Plastic To Fuels market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Plastic To Fuels Manufacturers, Plastic To Fuels Suppliers and Distributors, New Entrants, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.