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 and plastic waste to oil market, providing analysis and forecasts of the global revenue. According to the report, the global recycled plastic and plastic waste to oil market stood at US$542.8 million in 2014 and is likely to reach US$1971.4 million (US$1.97 billion) by 2024, expanding at a CAGR of 12.6% between 2016 and 2024.
The global recycled plastic and 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 fibres, nylon, and fibreglass). On the basis of technology, the global recycled plastic and plastic waste to oil market has been segmented into pyrolysis, gasification and synthesis, and catalytic depolymerisation processes. The global recycled plastic and plastic waste to oil market has also been segmented on the basis on end-fuel into diesel, gasoline, kerosene, synthetic gases, and others.
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