Plastic to fuel market is expected to grow at a considerable rate during the forecast period 2019-2025. The plastic to fuel is a method to convert plastic into fuel in the presence of oxygen and the products are utilized in various applications such as automotive, industrial, food & beverages, agriculture, and others. Additionally, the successive ignition of these waste resulting fuels is the better alternative for presently using fossil fuels. The global plastic to fuel market is influenced by various factors such as the increasing demand for crude oil coupled with the depletion of natural resources, and rising use of plastics coupled with the need for recycling plastics. Moreover, the urgent need for alternative sources of energy is further contributing to the growth of the plastic to fuel market during the forecast period.

The global plastic to fuel market is segmented on the basis of technology and end product. Based on the technology the global plastic to fuel market is further classified into pyrolysis, gasification, depolymerization. The pyrolysis technology segment is estimated to have a significant market share due to simple and cost-effective technology for processing various plastic feedstocks. Depolymerization technology has significant market growth in the plastic to fuel market. On the basis of the end product, the global plastic to energy market is segmented into crude oil, hydrogen, and others such as sulfur. The crude oil segment is estimated to have a significant share in the global plastic to fuel market due to the high demand for crude oil in the automotive and manufacturing industries.

Moreover, the global plastic to fuel market is further classified on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America has a significant market share in the global plastic to fuel market due to strong government policies for recycling of plastics. Asia-Pacific is estimated to have significant market growth owing to the rising demand for petroleum products such as petrol and diesel. Moreover, increasing investment and initiatives programs for the recycling of plastics waste contributing to the growth of the market. Further, Europe has a considerable market share in the global plastic to fuel market due to the high demand for crude oil by the automobile sector in this region.

The players that contribute to the growth of the global plastic to fuel market include Agilyx, Inc., Cassandra Oil AB, Klean Industries Inc., Nexus Fuels LLC, Vadxx Energy, Plastic2Oil, Inc., and others. These market players are contributing to the market by adopting various market strategies such as product launch, merger & acquisition, partnerships collaborations, and others for gaining a strong position in the market. For instance, in November 2018, Agilyx, Inc. collaborated with Monroe Energy to produce lower-carbon crude oil for jet fuel production through its proprietary waste plastics recycling technology. By this collaboration the company expanded its product portfolio produced by waste plastics, this would further increase the revenue of the company.

Research Methodology

The market study of the global plastic to fuel market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include

• Financial reports of companies involved in the market
  
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for plastic to fuel manufacturers, the automotive industry, government organizations, and others, for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation

Global Plastic to fuel Market Research and Analysis, By Technology

Global Plastic to fuel Market Research and Analysis, By End Product

The Report Covers

• Comprehensive research methodology of the global plastic to fuel market.
  
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global plastic to fuel market.
• Insights about market determinants which are stimulating the global plastic to fuel market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.