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Plastic Chemical Recycling Market

Global Plastic Chemical Recycling Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - (By Type Coverage, By Geographical Coverage, Leading Companies)

Published Date: Aug 2023 | Format: | No. of Pages: 190

Industry: Chemicals & Materials | Author Name: Harshad

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FAQ : Plastic Chemical Recycling Market

The market for plastic chemical recycling has been projected to rise at a strong CAGR of 30% during the period of assessment 2023 - 2030.

The plastic chemical recycling market size is expected to be reaching a value of around US$50 Bn toward the end of 2030.

The severing concerns around plastic waste, and the critically rising need for more ecologically acceptable waste management methods are likely to drive the growth of the plastic chemical recycling market. The depolymerization demand for plastics chemical recycling will also boost the market to a large extent.

Gasification and pyrolysis are poised to remain the leading segments of the plastic chemical recycling industry over 2023-2030. The two technology segments represent a collective revenue share of approximately 80% when the total chemical recycling planned capacities are considered.

Asia Pacific will remain the top regional market in the global plastic chemical recycling sector. On the other hand, North America's market is slated for the strongest growth till 2030-end.
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