Product Code: GVR-4-68040-166-8
Chemical Recycling Of Plastics Market Growth & Trends:
The global chemical recycling of plastics market size is expected to reach USD 26.88 billion by 2030, registering a CAGR of 9.4% from 2024 to 2030, according to a new study by Grand View Research, Inc. The market is expected to witness growth on account of rising concerns related to plastic pollution coupled with the rising product demand from various application industries, such as packaging, automotive, electrical & electronics, building & construction, and textiles. Moreover, with rising concerns over the use of plastics, an increase in demand for alternatives to conventional plastics has been observed in the market. With the pace of innovation and new product development, manufacturers in this market are shifting their focus toward the use of recycled plastics as these reduce the carbon footprint associated with the manufacturing process.
These factors are likely to contribute to the industry's growth. Companies including BASF SE, Agilyx, and JEPLAN, INC. are constantly creating product lines that use chemically recycled materials to address concerns about the harmful impacts of plastic trash. Many small- and medium-sized businesses are focusing on using recycled or sustainably sourced materials, thus boosting the production of the product. Furthermore, rising plastic waste accumulation, it's recycling, and reuse are the major concerns for governments across the globe. In recent years, there has been a significant shift toward the adoption of recycled plastics as a sustainable packaging solution. Associations, such as Plastics Europe, have worked with the European Union to raise consumer and business knowledge about the benefits of chemically recycled plastics and their products.
Chemical Recycling Of Plastics Market Report Highlights:
- Asia Pacific dominated the overall market, in terms of revenue, in 2023. The growing popularity of green and sustainable building projects in China and India, owing to rising environmental concerns, is propelling product adoption in the building & construction industry
- Polyethylene (PE) dominated the product segment in 2023. Properties, such as excellent resistance to solvents, high tensile strength, flexibility, toughness, and relative transparency, are driving the product demand
- Packaging dominated the end-use segment with a revenue share of over 34% in 2023. Polypropylene, polyethylene, polyethylene terephthalate, and polystyrene are some of the major chemically recycled plastics used for packaging
- In October 2023, IFPEN, Axens, and JEPLAN announced the launch of the Rewind(R) PET industrial unit in Japan for the chemical recycling of PET. The goal of this unit is to demonstrate to future industrial customers how the three partners' revolutionary PET recycling technology may be incorporated into their own manufacturing & recycling facilities
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Information Procurement
- 1.1.1. Purchased Database
- 1.1.2. GVR's Internal Database
- 1.1.3. Secondary Sources & Third-Party Perspectives
- 1.1.4. Primary Research
- 1.2. Information Analysis & Data Analysis Models
- 1.3. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Market Outlook
- 2.3. Segmental Outlook
- 2.4. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.3. Capacity Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.6. Business Environment Analysis: Chemical Recycling of Plastics Market
- 3.6.1. Industry Analysis - Porter's Five Force Analysis
- 3.6.1.1. Bargaining Power of Suppliers
- 3.6.1.2. Bargaining Power of Buyers
- 3.6.1.3. Competitive Rivalry
- 3.6.1.4. Threat of Substitutes
- 3.6.1.5. Threat of New Entrants
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political Analysis
- 3.6.2.2. Economic Analysis
- 3.6.2.3. Social Analysis
- 3.6.2.4. Capacity Analysis
- 3.6.2.5. Environment Analysis
- 3.6.2.6. Legal Analysis
- 3.7. Impact of Covid-19 on Chemical Recycling of Plastics Market
- 3.8. Eastern European Geopolitical Implication Overview
Chapter 4. Chemical Recycling of Plastics Market: Type Estimates & Trend Analysis
- 4.1. Definition & Scope
- 4.2. Type Movement & Market Share Analysis, 2022 & 2030
- 4.2.1. Depolymerization
- 4.2.1.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in depolymerization, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2. Dissolution
- 4.2.2.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in dissolution, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.3. Conversion
- 4.2.3.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in Conversion, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Chemical Recycling of Plastics Market: Product Estimates & Trend Analysis
- 5.1. Definition & Scope
- 5.2. Product Movement & Market Share Analysis, 2022 & 2030
- 5.2.1. PE
- 5.2.1.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in PE, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.2. PET
- 5.2.2.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in PET, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3. PP
- 5.2.3.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in PP, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.4. PVC
- 5.2.4.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in PVC, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.5. PS
- 5.2.5.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in PS, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.6. Others
- 5.2.6.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Chemical Recycling of Plastics Market: End-Use Estimates & Trend Analysis
- 6.1. Definition & Scope
- 6.2. End-Use Movement & Market Share Analysis, 2022 & 2030
- 6.2.1. Packaging
- 6.2.1.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in packaging, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.2. Automotive
- 6.2.2.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in automotive, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3. Building & Construction
- 6.2.3.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in building & construction, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4. Electrical & electronics
- 6.2.4.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in electrical & electronics, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.5. Textiles
- 6.2.5.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in textiles, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.6. Others
- 6.2.6.1. Chemical Recycling of Plastics Market Estimates and Forecasts, in others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Chemical Recycling of Plastics Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement & Market Share Analysis, 2022 & 2030
- 7.2. North America
- 7.2.1. North America Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.1.1. U.S. Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.1.2. Canada Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.1.3. Mexico Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3. Europe
- 7.3.1. Europe Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.1.1. Germany Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.1.2. UK Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.1.3. Italy Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.1.4. France Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.1.5. Spain Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.1.6. Denmark Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.1.7. Norway Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.1.8. Sweden Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.1.1. China Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.1.2. India Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.1.3. Japan India Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.1.4. South Korea Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.1.5. Australia Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5. Central & South America
- 7.5.1. Central & South America Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.1.1. Brazil Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.1.2. Argentina Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.1.1. Saudi Arabia Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.1.2. South Africa Chemical Recycling of Plastics Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.5.1. Agilyx
- 8.5.2. BASF SE
- 8.5.3. MaireTecnimont S.p.A.
- 8.5.4. INEOS AG
- 8.5.5. Recycling Technologies
- 8.5.6. Veolia Environnement SA
- 8.5.7. JEPLAN, INC Company
- 8.5.8. Eastman Chemical Company
- 8.5.9. SABIC
- 8.5.10. LyondellBasell Industries Holdings B.V.
- 8.6. Market Positioning
- 8.7. Company Market Share Analysis, 2022
- 8.8. Company Heat Map Analysis
- 8.9. Strategy Mapping
- 8.9.1. Expansion
- 8.9.2. Mergers & Acquisition
- 8.9.3. Collaborations
- 8.9.4. New Product Launches
- 8.9.5. Research & Development