Global advanced recycling technologies market is expected to reach USD 577,215.00 Thousad by 2030 from USD 348,250.00 Thousand in 2022, growing at a CAGR of 7.0% during the forecast period of 2023 to 2030.
Market Segmentation:
Global Advanced Recycling Technologies Market, By Technology (Pyrolysis/Cracking, Gasification, Depolymerization, and Microwave ), Process Output (Naphtha, Heavy Gas Oil, and Wax Residue), End Use (Packaging, Infrastructure & Construction, Consumer Electronics, and Automotive), Country (Germany, Netherlands, Spain, U.K., Belgium, Italy, Switzerland, Austria, France, Turkey, Rest of Europe, India, China, South Korea, Japan, Taiwan, Australia & New Zealand, Malaysia, Philippines, Indonesia, Singapore, Thailand, Rest of Asia-Pacific, U.S., Canada, Mexico, South Africa, Saudi Arabia, United Arab Emirates, Egypt, Israel, Rest of Middle East & Africa, Brazil, Argentina, and Rest of South America) - Industry Trends and Forecast to 2030.
Overview of Global Advanced Recycling Technologies Market Dynamics:
- Driver
- Shifting inclination towards circular economy from companies and various governments
- Restraints/Challenges
- The lack of well-established recycling infrastructure and logistical challenge
- Opportunities
- Rising access towards premium quality equipment and consumables for inducing recycling practices
Market Players:
Some of the key market players operating in the global advanced recycling technologies market are listed below:
- BlueAlp Innovations BV
- Pyrowave
- Enerkem
- Recycling Avenue
- Gr3n Recycling
- PLASTIC ENERGY
- Quantafuel ASA
- Loop Industries, Inc.
- Agilyx
- Honeywell International Inc.
- Polystyvert
- Olefy Technologies Ltd.
- Mura Technology Limited
- Chevron Phillips Chemical Company LLC
- GARBO SRL
- Brightmark
- Synova
TABLE OF CONTENTS
1 INTRODUCTION 21
- 1.1 OBJECTIVES OF THE STUDY 21
- 1.2 MARKET DEFINITION 21
- 1.3 OVERVIEW 21
- 1.4 LIMITATIONS 22
- 1.5 MARKETS COVERED 23
2 MARKET SEGMENTATION 26
- 2.1 MARKETS COVERED 26
- 2.2 GEOGRAPHICAL SCOPE 27
- 2.3 YEARS CONSIDERED FOR THE STUDY 28
- 2.4 CURRENCY AND PRICING 28
- 2.5 DBMR TRIPOD DATA VALIDATION MODEL 29
- 2.6 TECHNOLOGY LIFELINE CURVE 32
- 2.7 MULTIVARIATE MODELING 33
- 2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 34
- 2.9 DBMR MARKET POSITION GRID 35
- 2.10 DBMR MARKET CHALLENGE MATRIX 36
- 2.11 DBMR VENDOR SHARE ANALYSIS 37
- 2.12 SECONDARY SOURCES 38
- 2.13 ASSUMPTIONS 39
3 EXECUTIVE SUMMARY 40
4 PREMIUM INSIGHTS 43
- 4.1 PORTER'S FIVE FORCES 45
- 4.1.1 THREAT OF NEW ENTRANTS 45
- 4.1.2 THREAT OF SUBSTITUTES 46
- 4.1.3 CUSTOMER BARGAINING POWER 46
- 4.1.4 SUPPLIER BARGAINING POWER 46
- 4.1.5 INTERNAL COMPETITION (RIVALRY) 47
- 4.2 VENDOR SELECTION CRITERIA 48
- 4.3 PESTLE ANALYSIS 50
- 4.3.1 POLITICAL FACTORS 50
- 4.3.2 ECONOMIC FACTORS 51
- 4.3.3 SOCIAL FACTORS 51
- 4.3.4 TECHNOLOGICAL FACTORS 51
- 4.3.5 LEGAL FACTORS 52
- 4.3.6 ENVIRONMENTAL FACTORS 52
- 4.4 CLIMATE CHANGE SCENARIO 53
- 4.4.1 ENVIRONMENTAL CONCERNS 53
- 4.4.2 INDUSTRY RESPONSE 53
- 4.4.3 GOVERNMENT'S ROLE 54
- 4.4.4 ANALYST RECOMMENDATION 54
- 4.5 RAW MATERIAL COVERAGE 55
- 4.6 TECHNOLOGICAL ADVANCEMENTS 56
5 REGULATION COVERAGE 57
- 5.1 REGULATORY FRAMEWORK AND GUIDELINES 57
6 MARKET OVERVIEW 59
- 6.1 DRIVERS 61
- 6.1.1 SHIFTING INCLINATION TOWARDS CIRCULAR ECONOMY FROM COMPANIES AND VARIOUS GOVERNMENTS 61
- 6.1.2 POSITIVE OUTLOOK TOWARDS SUSTAINABLE PLASTIC WASTE MANAGEMENT 62
- 6.1.3 INCREASING CAPABILITY OF CHEMICAL COMPANIES TO UNLOCK VALUABLE RESOURCES THROUGH INNOVATIVE RECYCLING METHODS 63
- 6.2 RESTRAINTS 64
- 6.2.1 THE LACK OF WELL-ESTABLISHED RECYCLING INFRASTRUCTURE AND LOGISTICAL CHALLENGE 64
- 6.2.2 HIGH INVESTMENT COST ASSOCIATED WITH INITIAL INSTALLATION OF EQUIPMENT AND FACILITIES 65
- 6.3 OPPORTUNITIES 66
- 6.3.1 RISING ACCESS TOWARDS PREMIUM QUALITY EQUIPMENT AND CONSUMABLES FOR INDUCING RECYCLING PRACTICES 66
- 6.3.2 EXTENSIVE SCOPE OF SYNERGIZING THE EXPERTISE BETWEEN TECHNOLOGICAL PROVIDERS AND CHEMICAL MANUFACTURERS 66
- 6.4 CHALLENGE 67
- 6.4.1 ISSUES ASSOCIATED WITH HANDLING OF RECYCLABLE WASTE 67
7 GLOBAL ADVANCED RECYCLING TECHNOLOGIES MARKET, BY TECHNOLOGY 68
- 7.1 OVERVIEW 69
- 7.2 PYROLYSIS/CRACKING 70
- 7.3 GASIFICATION 71
- 7.4 DEPOLYMERIZATION 71
- 7.5 MICROWAVE 72
8 GLOBAL ADVANCED RECYCLING TECHNOLOGIES MARKET, BY PROCESS OUTPUT 73
- 8.1 OVERVIEW 74
- 8.2 NAPHTHA 75
- 8.3 HEAVY GAS OIL 76
- 8.4 WAX RESIDUE 76
9 GLOBAL ADVANCED RECYCLING TECHNOLOGIES MARKET, BY END USE 77
- 9.1 OVERVIEW 78
- 9.2 PACKAGING 79
- 9.2.1 NON-FOOD PACKAGING 79
- 9.2.2 FOOD & BEVERAGES PACKAGING 79
- 9.3 INFRASTRUCTURE & CONSTRUCTION 79
- 9.4 CONSUMER ELECTRONICS 81
- 9.5 AUTOMOTIVE 81
10 GLOBAL ADVANCED RECYCLING TECHNOLOGIES MARKET, BY REGION 82
- 10.1 OVERVIEW 83
- 10.2 ASIA-PACIFIC 88
- 10.2.1 INDIA 93
- 10.2.2 CHINA 94
- 10.2.3 SOUTH KOREA 95
- 10.2.4 JAPAN 96
- 10.2.5 TAIWAN 97
- 10.2.6 AUSTRALIA & NEW ZEALAND 98
- 10.2.7 MALAYSIA 99
- 10.2.8 PHILIPPINES 100
- 10.2.9 INDONESIA 101
- 10.2.10 SINGAPORE 102
- 10.2.11 THAILAND 103
- 10.2.12 REST OF ASIA-PACIFIC 104
- 10.3 NORTH AMERICA 105
- 10.3.1 U.S. 109
- 10.3.2 CANADA 110
- 10.3.3 MEXICO 111
- 10.4 SOUTH AMERICA 112
- 10.4.1 BRAZIL 116
- 10.4.2 ARGENTINA 117
- 10.4.3 REST OF SOUTH AMERICA 118
- 10.5 EUROPE 119
- 10.5.1 GERMANY 124
- 10.5.2 NETHERLANDS 125
- 10.5.3 SPAIN 126
- 10.5.4 U.K. 126
- 10.5.5 BELGIUM 128
- 10.5.6 ITALY 129
- 10.5.7 SWITZERLAND 130
- 10.5.8 AUSTRIA 131
- 10.5.9 FRANCE 132
- 10.5.10 TURKEY 133
- 10.5.11 REST OF EUROPE 134
- 10.6 MIDDLE EAST AND AFRICA 135
- 10.6.1 SAUDI ARABIA 140
- 10.6.2 SOUTH AFRICA 141
- 10.6.3 UNITED ARAB EMIRATES 142
- 10.6.4 EGYPT 143
- 10.6.5 ISRAEL 144
- 10.6.6 REST OF MIDDLE EAST AND AFRICA 145
11 GLOBAL ADVANCED RECYCLING TECHNOLOGIES MARKET: COMPANY LANDSCAPE 146
- 11.1 COMPANY SHARE ANALYSIS: GLOBAL 146
- 11.2 COMPANY SHARE ANALYSIS: EUROPE 147
- 11.3 COMPANY SHARE ANALYSIS: NORTH AMERICA 148
- 11.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 149
- 11.5 COLLABORATION 150
- 11.6 PLANT CONSTRUCTION 150
- 11.7 CONSTRUCTION COMMENCEMENT 151
- 11.8 JOINT VENTURE 151
- 11.9 PRODUCTION CAPACITY 151
12 SWOT ANALYSIS 152
13 COMPANY PROFILES 153
- 13.1 HONEYWELL INTERNATIONAL INC. 153
- 13.1.1 COMPANY SNAPSHOT 153
- 13.1.2 REVENUE ANALYSIS 153
- 13.1.3 COMPANY SHARE ANALYSIS 154
- 13.1.4 PRODUCT PORTFOLIO 154
- 13.1.5 RECENT DEVELOPMENTS 154
- 13.2 CHEVRON PHILLIPS CHEMICAL COMPANY LLC 156
- 13.2.1 COMPANY SNAPSHOT 156
- 13.2.2 COMPANY SHARE ANALYSIS 156
- 13.2.3 PRODUCT PORTFOLIO 156
- 13.2.4 RECENT DEVELOPMENTS 157
- 13.3 SYNOVA 158
- 13.3.1 COMPANY SNAPSHOT 158
- 13.3.2 COMPANY SHARE ANALYSIS 158
- 13.3.3 PRODUCT PORTFOLIO 158
- 13.3.4 RECENT DEVELOPMENTS 159
- 13.4 ENERKEM 160
- 13.4.1 COMPANY SNAPSHOT 160
- 13.4.2 COMPANY SHARE ANALYSIS 160
- 13.4.3 PRODUCT PORTFOLIO 161
- 13.4.4 RECENT DEVELOPMENTS 161
- 13.5 BRIGHTMARK 163
- 13.5.1 COMPANY SNAPSHOT 163
- 13.5.2 COMPANY SHARE ANALYSIS 163
- 13.5.3 PRODUCT PORTFOLIO 164
- 13.5.4 RECENT DEVELOPMENTS 164
- 13.6 AGILYX 166
- 13.6.1 COMPANY SNAPSHOT 166
- 13.6.2 REVENUE ANALYSIS 166
- 13.6.3 PRODUCT PORTFOLIO 167
- 13.6.4 RECENT DEVELOPMENTS 167
- 13.7 BLUEALP INNOVATIONS BV 169
- 13.7.1 COMPANY SNAPSHOT 169
- 13.7.2 PRODUCT PORTFOLIO 169
- 13.7.3 RECENT DEVELOPMENT 169
- 13.8 GARBO SRL 170
- 13.8.1 COMPANY SNAPSHOT 170
- 13.8.2 PRODUCT PORTFOLIO 170
- 13.8.3 RECENT DEVELOPMENTS 170
- 13.9 GR3N RECYCLING 171
- 13.9.1 COMPANY SNAPSHOT 171
- 13.9.2 PRODUCT PORTFOLIO 171
- 13.9.3 RECENT DEVELOPMENTS 172
- 13.10 LOOP INDUSTRIES, INC. 173
- 13.10.1 COMPANY SNAPSHOT 173
- 13.10.2 PRODUCT PORTFOLIO 173
- 13.10.3 RECENT DEVELOPMENTS 174
- 13.11 MURA TECHNOLOGY LIMITED 175
- 13.11.1 COMPANY SNAPSHOT 175
- 13.11.2 PRODUCT PORTFOLIO 175
- 13.11.3 RECENT DEVELOPMENTS 176
- 13.12 OLEFY TECHNOLOGIES LTD. 178
- 13.12.1 COMPANY SNAPSHOT 178
- 13.12.2 PRODUCT PORTFOLIO 178
- 13.12.3 RECENT DEVELOPMENTS 178
- 13.13 PLASTIC ENERGY 179
- 13.13.1 COMPANY SNAPSHOT 179
- 13.13.2 PRODUCT PORTFOLIO 179
- 13.13.3 RECENT DEVELOPMENTS 180
- 13.14 POLYSTYVERT 181
- 13.14.1 COMPANY SNAPSHOT 181
- 13.14.2 PRODUCT PORTFOLIO 181
- 13.14.3 RECENT DEVELOPMENTS 182
- 13.15 PYROWAVE 183
- 13.15.1 COMPANY SNAPSHOT 183
- 13.15.2 PRODUCT PORTFOLIO 183
- 13.15.3 RECENT DEVELOPMENT 184
- 13.16 QUANTAFUEL ASA 185
- 13.16.1 COMPANY SNAPSHOT 185
- 13.16.2 REVENUE ANALYSIS 185
- 13.16.3 PRODUCT PORTFOLIO 186
- 13.16.4 RECENT DEVELOPMENT 186
- 13.17 RECYCLING AVENUE 187
- 13.17.1 COMPANY SNAPSHOT 187
- 13.17.2 PRODUCT PORTFOLIO 187
- 13.17.3 RECENT DEVELOPMENT 187
14 QUESTIONNAIRE 188
15 RELATED REPORTS 191