Recycled Plastic and Plastic Waste to Oil Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Demand for Plastic Waste Management
- Rising Need for Fuel, backed by the Growing Population
Challenges
- Lack of Awareness about Plastic Waste to Oil Technology
Recycled Plastic and Plastic Waste to Oil Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
9.7% |
|
Base Year Market Size (2024) |
USD 80.63 million |
|
Forecast Year Market Size (2037) |
USD 268.65 million |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of recycled plastic and plastic waste to oil is estimated at USD 87.28 million.
Recycled Plastic and Plastic Waste to Oil Market size was over USD 80.63 million in 2024 and is anticipated to cross USD 268.65 million by 2037, growing at more than 9.7% CAGR during the forecast period i.e., between 2025-2037.
North America industry is predicted to hold largest revenue share by 2037, on the back of presence of various market players in the U.S.
The major players in the market include Plastic Advanced Recycling Corporation, Brightmark LLC., MK Aromatics Limited, Agilyx Corporation, Plastic2Oil, Inc., nexus Fuels, LLC, and others.
