MarkNtel Advisors – Leading Market Research Company found Global Chemical Recycling Market is expected to reach 9.8% CAGR Growth By 2030.
This report provides a comprehensive analysis of the Global Chemical Recycling Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Chemical Recycling Market
Base Year: 2023
Forecast Years: 2024-2030
Historical Years: 2019-2022
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- - https://www.marknteladvisors.com/query/request-sample/chemical-recycling-market.html
Scope of the Chemical Recycling Market Report:
The Global Chemical Recycling Market size is valued at around USD 15.5 billion in 2024 & is estimated to grow at a CAGR of around 9.8% during the forecast period, i.e., 2024-30. The huge growth potential in the market is primarily due to two factors, one is that the world is witnessing a large amount of plastic waste generation due to it being a versatile product that is used extensively across many industries. The second factor is the rising awareness of people and governments about the harmful environmental impact plastics have on the environment as they are dumped into landfills or incinerated causing huge CO2 emissions. These scenarios led governments across the globe to make a major policy change to implement regulations for adopting sustainable measures to recycle plastic waste effectively.
Which prominent factor is expected to drive the Chemical Recycling Market during 2024-30?
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.
What are the different Segment Available in the Chemical Recycling Market?
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-Pacifi.
Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/chemical-recycling-market.html
Leading Chemical Recycling companies operating in the Market
- 1. Agilyx
- 2. BASF SE
- 3. Eastman Chemical Company
- 4. JEPLAN, Inc.
- 5. Recycling Technologies
- 6. Veolia Environment S.A.
- 7. SABIC
- 8. LyondellBasell Industries Holdings B.V.
- 9. Plastic Energy
- 10. Remondis
- 11. Carbios
- 12. Loop Industries
- 13. GFL Environmental Inc.
- 14. Clean Harbours, Inc.
- 15. Neste
- 16. Ioniqa Technologies
- 17. Borealis
- 18. Mura Technology
- 19. Sulzer Chemtech
- 20. Others.
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