The Chemical Recycling Of Plastics Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Depolymerization, Dissolution, Conversion), By Product (PE, PET, PP, PVC, PS, Others), By End-user (Packaging, Automotive, Building & Construction, Electrical & Electronics, Textiles, Others).
The Chemical Recycling of Plastics Market is gaining prominence as a key solution to address plastic waste and promote a circular economy. Chemical recycling processes involve breaking down plastic polymers into their original monomers or other valuable chemicals, enabling the production of new plastics. This market responds to the increasing awareness of plastic pollution and the need for sustainable waste management solutions. Manufacturers are investing in innovative chemical recycling technologies to transform plastic waste into valuable raw materials. With a focus on reducing reliance on traditional plastics derived from fossil fuels, the Chemical Recycling of Plastics Market is poised for continuous expansion, contributing to a more sustainable and resource-efficient plastics industry.
A significant trend in the Chemical Recycling of Plastics market is the increasing emphasis on circular economy initiatives. As sustainability becomes a global priority, there is a growing shift towards circularity in the plastics industry. Chemical recycling plays a crucial role in this trend by offering an environmentally friendly method to convert plastic waste back into raw materials, reducing dependency on virgin resources. The circular economy approach fosters closed-loop systems, where plastics are recycled, reused, and repurposed, aligning with the broader goal of achieving a more sustainable and eco-friendly plastic value chain.
The primary driver propelling the Chemical Recycling of Plastics market is the escalating concerns about plastic pollution and its environmental impact. Traditional plastic recycling methods face limitations, and as the scale of plastic waste continues to grow, chemical recycling provides an advanced solution. By converting plastic waste into valuable chemicals and feedstocks, chemical recycling addresses environmental challenges associated with conventional plastic disposal methods. The driver stems from the urgent need to mitigate plastic pollution, meet sustainability goals, and reduce the carbon footprint associated with plastic production.
An opportunity within the Chemical Recycling of Plastics market lies in the continuous technological advancements in chemical recycling processes. Innovations in catalytic systems, process optimization, and the development of more efficient and cost-effective chemical recycling technologies present a significant opportunity for market players. By investing in research and development to enhance the efficiency, scalability, and economic viability of chemical recycling methods, companies can position themselves to capture a larger market share. This opportunity aligns with the industry's pursuit of scalable and commercially viable solutions to address the plastic waste challenge.
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By Product
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TABLE OF CONTENTS
1 INTRODUCTION TO 2024 Chemical Recycling Of Plastics Markets
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 EXECUTIVE SUMMARY
3.1 Global Chemical Recycling Of Plastics Market Size Outlook, $ Million, 2021 to 2030
3.2 Chemical Recycling Of Plastics Market Outlook by Type, $ Million, 2021 to 2030
3.3 Chemical Recycling Of Plastics Market Outlook by Product, $ Million, 2021 to 2030
3.4 Chemical Recycling Of Plastics Market Outlook by Application, $ Million, 2021 to 2030
3.5 Chemical Recycling Of Plastics Market Outlook by Key Countries, $ Million, 2021 to 2030
4 MARKET DYNAMICS
4.1 Key Driving Forces of Chemical Recycling Of Plastics Market Industry
4.2 Key Market Trends in Chemical Recycling Of Plastics Market Industry
4.3 Potential Opportunities in Chemical Recycling Of Plastics Market Industry
4.4 Key Challenges in Chemical Recycling Of Plastics Market Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Chemical Recycling Of Plastics Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 GLOBAL Chemical Recycling Of Plastics Market OUTLOOK BY SEGMENTS
7.1 Chemical Recycling Of Plastics Market Outlook by Segments
By Type
Depolymerization
Dissolution
Conversion
By Product
PE
PET
PP
PVC
PS
Others
By End-user
Packaging
Automotive
Building & Construction
Electrical & Electronics
Textiles
Others
8 NORTH AMERICA Chemical Recycling Of Plastics Market ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Chemical Recycling Of Plastics Markets in 2024
8.2 North America Chemical Recycling Of Plastics Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Chemical Recycling Of Plastics Market size Outlook by Segments, 2021-2030
By Type
Depolymerization
Dissolution
Conversion
By Product
PE
PET
PP
PVC
PS
Others
By End-user
Packaging
Automotive
Building & Construction
Electrical & Electronics
Textiles
Others
9 EUROPE Chemical Recycling Of Plastics Market ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Chemical Recycling Of Plastics Markets in 2024
9.2 Europe Chemical Recycling Of Plastics Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Chemical Recycling Of Plastics Market size Outlook by Segments, 2021-2030
By Type
Depolymerization
Dissolution
Conversion
By Product
PE
PET
PP
PVC
PS
Others
By End-user
Packaging
Automotive
Building & Construction
Electrical & Electronics
Textiles
Others
10 ASIA PACIFIC Chemical Recycling Of Plastics Market ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Chemical Recycling Of Plastics Markets in 2024
10.2 Asia Pacific Chemical Recycling Of Plastics Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Chemical Recycling Of Plastics Market size Outlook by Segments, 2021-2030
By Type
Depolymerization
Dissolution
Conversion
By Product
PE
PET
PP
PVC
PS
Others
By End-user
Packaging
Automotive
Building & Construction
Electrical & Electronics
Textiles
Others
11 SOUTH AMERICA Chemical Recycling Of Plastics Market ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Chemical Recycling Of Plastics Markets in 2024
11.2 South America Chemical Recycling Of Plastics Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Chemical Recycling Of Plastics Market size Outlook by Segments, 2021-2030
By Type
Depolymerization
Dissolution
Conversion
By Product
PE
PET
PP
PVC
PS
Others
By End-user
Packaging
Automotive
Building & Construction
Electrical & Electronics
Textiles
Others
12 MIDDLE EAST AND AFRICA Chemical Recycling Of Plastics Market ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Chemical Recycling Of Plastics Markets in 2024
12.2 Middle East and Africa Chemical Recycling Of Plastics Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Chemical Recycling Of Plastics Market size Outlook by Segments, 2021-2030
By Type
Depolymerization
Dissolution
Conversion
By Product
PE
PET
PP
PVC
PS
Others
By End-user
Packaging
Automotive
Building & Construction
Electrical & Electronics
Textiles
Others
13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Agilyx
BASF SE
MaireTecnimont S.p.A.
INEOS AG
Recycling Technologies
Veolia Environnement SA
JEPLAN, INC.
Eastman Chemical Company
SABIC
LyondellBasell Industries Holdings B.V.
14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
By Product
By End-user
By Region
The global Chemical Recycling Of Plastics Market is one of the lucrative growth markets, poised to register a 7.8 growth (CAGR) between 2024 and 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Agilyx, BASF SE, MaireTecnimont S.p.A., INEOS AG, Recycling Technologies, Veolia Environnement SA, JEPLAN, INC., Eastman Chemical Company, SABIC, LyondellBasell Industries Holdings B.V.
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume