The Plastic to Fuel Market size is projected to reach US$ 1,194.48 million by 2031 from US$ 289.55 million in 2023. The market is expected to register a CAGR of 19.4% in 2023–2031. The continuous technical development in recycling and waste disposal is likely to remain a key plastic to fuel market trends.
Growing awareness regarding greenhouse gas emissions is anticipated to drive the growth of plastic in the fuel market. Nonrecyclable polymers such as polyethylene terephthalate (PET), polystyrene, and polyvinyl chloride (PVC) are at present the major concern. More than ~90% of plastic is not recycled and is discarded, landfilled, or poured into the ocean instead. Only 9–10% of waste plastic has been collected and recycled, implying that only 9–10% of waste plastic has been collected and recycled. This opens a huge market potential for the plastic-to-fuel industry since recycling these waste plastics will produce non-recyclable waste plastics that can be used in PFT in the not-too-distant future.
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Top Key Major Players:-
- Agilyx, Inc
- Cassandra Oil AB
- Klean Industries Inc.
- Nexus Fuels lLC
- Recycling Technologies Ltd.
- Agile Process Chemicals LLP
- Avantium N.V.
- MK Aromatics Ltd.
- Plastic2oil, Inc.
- Beston Group Co., Ltd.