Global Chemical Recycling Market Overview: Latest Trends, Industry Size, Share and Growth Projection
“Markntel Advisors – Leading Market Research Company” has recently conducted a comprehensive examination of the Global Chemical Recycling Market, encompassing the forecast period from 2024-30. Utilizing data from the historical period of 2019-22, with 2023 serving as the base year, our proficient team of analysts has devoted considerable time to gather and scrutinize the latest market information. The result is a thorough and current report that proves valuable for individuals making data-driven decisions, including business owners and analysts. Whether your objective is to explore new markets, introduce a new product, or maintain a competitive edge, our research report on the Chemical Recycling Market offers well-researched facts and figures relevant to the industry.
Chemical Recycling Market Driver
Government Strict Regulations Driving Market Growth – The wider adoption of chemical recycling needs a necessary push from the stringent government regulations to meet the emission targets and mitigate the increasing plastic waste otherwise it will continue to get either dumped in landfills or incinerated, leading to massive pollution and CO2 emission. For instance,
- In April 2024, the Geneva Environment Network a coordinated network of the United Nations Environment Programme highlighted that out of the total plastic waste produced in the world only about 9% gets recycled. The majority of the plastic waste about 50% ends up in landfills, 22% gets dumped into uncontrolled sites, and the remaining gets incinerated.
So, as the world is looking to tackle the phenomenon such as climate and global warming a policy shift towards sustainability and environmentally friendly approaches can create a scenario, presenting a massive growth opportunity for the Global Chemical Recycling Market over the forecasted period. At the 16th COP conference held in May 2023, the attending parties to the Basel Convention accepted the guidelines for proper plastic waste management. Such developments are anticipated to augment the size volume of the chemical recycling industry in the coming years.
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Chemical Recycling Market Segmentation Analysis:
The Chemical Recycling Market displays a notable combination of robustness and fragmentation, featuring various segments each further subdivided into various sub-segments. Recognizing the significance of market segmentation is crucial for businesses aiming to tailor their strategies, products, and services to align with the specific needs and demands of their target customers. A thorough analysis of market segments and their associated sub-segments empowers businesses to pinpoint new growth opportunities, predict market trends, and devise impactful marketing and sales strategies.
The Global Chemical Recycling Market is segmented as follows:
By Technology
- Pyrolysis- Market Size Forecast 2019-2030, Kilo Tons
-- Non-catalytic- Market Size Forecast 2019-2030, Kilo Tons
-- Catalytic- Market Size Forecast 2019-2030, Kilo Tons
- Gasification- Market Size Forecast 2019-2030, Kilo Tons
- Hydrothermal Treatment- Market Size Forecast 2019-2030, Kilo Tons
- Purification- Market Size Forecast 2019-2030, Kilo Tons
- Depolymerization- Market Size Forecast 2019-2030, Kilo Tons
-- Hydrolysis- Market Size Forecast 2019-2030, Kilo Tons
-- Enzymolysis- Market Size Forecast 2019-2030, Kilo Tons
-- Methanolysis- Market Size Forecast 2019-2030, Kilo Tons
-- Glycolysis- Market Size Forecast 2019-2030, Kilo Tons
-- Aminolysis- Market Size Forecast 2019-2030, Kilo Tons
By Product
- Polyethylene (PE) - Market Size Forecast 2019-2030, Kilo Tons
- Polyethylene Terephthalate (PET) - Market Size Forecast 2019-2030, Kilo Tons
- Polypropylene (PP) - Market Size Forecast 2019-2030, Kilo Tons
- Polyvinyl Chloride (PVC) - Market Size Forecast 2019-2030, Kilo Tons
- Polystyrene (PS) - Market Size Forecast 2019-2030, Kilo Tons
- Polycarbonate- Market Size Forecast 2019-2030, Kilo Tons
- Others- Market Size Forecast 2019-2030, Kilo Tons
By End User
- Packaging- Market Size Forecast 2019-2030, Kilo Tons
- Automotive- Market Size Forecast 2019-2030, Kilo Tons
- Building Construction- Market Size Forecast 2019-2030, Kilo Tons
- Electronics- Market Size Forecast 2019-2030, Kilo Tons
- Others- Market Size Forecast 2019-2030, Kilo Tons
By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
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Leading Chemical Recycling Market Player
The report delves into key market players and thoroughly examines their strategic approaches, trends, innovations, and manufacturing infrastructure to project their anticipated market presence over the next five years. The researched data has the capability to differentiate even novice entrants in the long term. Armed with pertinent data and actionable insights, our research report presents a comprehensive landscape of the market, empowering investors and stakeholders to establish a robust position in the Chemical Recycling market. Highlighted in the research report are major players, including:
- Agilyx
- BASF SE
- Eastman Chemical Company
- JEPLAN, Inc.
- Recycling Technologies
- Veolia Environment S.A.
- Loop Industries, Inc.
- Plastic Energy
- Carbios
- GFL Environmental Inc.
- Clean Harbours, Inc.
- Brightmark
- Others
accompanied by their respective net worth and valuation in USD.
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Key Questions Answered in this Chemical Recycling Market Analysis Report
- What is the current size of the Chemical Recycling Market, and what factors contribute to its growth or contraction?
- How does the Chemical Recycling Market share compare among key players, and what strategies are they employing to gain a competitive advantage?
- What latest trends are emerging in the Chemical Recycling Market, and how are these trends expected to evolve in the foreseeable future?
- What is the demand outlook for the Chemical Recycling Market, and how is it influenced by industry-specific factors and broader economic trends?
- What opportunities exist in the Chemical Recycling Market for investors, and what are the latest investment trends and preferences in this sector?
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