Published by Uma Rajagopal
Posted on January 11, 2022
Future Market Insights (FMI) announces the release of its latest report titled, “Plastic-to-fuel Market: U.S. Industry Analysis and Opportunity Assessment 2015 – 2020”. As per FMI’s projection, the U.S. Plastic-to-fuel market is estimated to generate US$ 42.78 million in revenues in 2015, which is likely to reach US$ 98.26 million in 2020 representing a CAGR of 6.79% through the forecast period of 2016 to 2020.
The global need for an alternative fuel technology due to depleting natural resources, and the increasing use of plastic are among the key drivers of the Plastic-to-fuel Market. Increasing waste plastic generation necessitates for recycling technology, which reduces landfill waste in addition to converting waste into combustible fuel meeting environmental standards.
Abundant raw material availability coupled with their low cost (sometimes zero cost) attracts more players in this market. However, complexities in the conversion technology, as well as high initial setup cost for plastic to fuel conversion facility, are witnessed as key constraints for the growth of the U.S. plastic-to-fuel Market
To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-us-448
The U.S. plastic-to-fuel market is poised to reach a valuation of US$ 98.26 million in 2020 from US$ 42.78 million in 2015. The market is expected to witness a CAGR of about 6.79% through 2016 to 2020. The fuels produced using conversion technologies are further sub-segmented as crude oil and diesel, wherein crude oil is anticipated to account for leading market share in 2015.
Increasing Use of Plastics & Need for Developing Alternative Fuels: Key Drivers for U.S. Plastic-to-Fuel Market
The U.S. Plastic-to-fuel market is driven by number of factors such as increasing use of plastic, leading to easy availability of feedstock. As estimated by the U.S. Environmental Protection Agency (EPA), plastics accounted for approximately 12.7% of the total Municipal Solid Waste (MSW) generation in the U.S. in 2012.
Strong need for an alternative fuel due to depleting natural hydrocarbon resources across the globe is also a strong driver for growth of the U.S. plastic-to-fuel market. Furthermore, increasing tipping cost of landfills, coupled with a need for solid plastic waste recycling technology is amongst key factors leading to growth in the market.
However, high initial setup cost of waste processing facilities, in addition to technological complexities occurring due to delicate relationship between type of waste plastic processed, technology, and the output can pose key challenges for growth.
Revenue Generated through Sale of Processor: Key Segment in the U.S. Plastic-to-Fuel Market
The U.S. plastic-to-fuel market is segmented on the basis of revenue generation models followed by key market players. Revenue generation models include revenue earned through sale of processors, revenue earned by sale of fuel produced using conversion technology, and revenues grossed through royalties.
Amongst other segments, revenue generated through sale of processor is estimated to account for approximately 70% of the total plastic-to-fuel market in the U.S. However, revenues earned through royalties is anticipated to witness a CAGR of 7.81% during the forecast period, despite expected to account for a negligible share in revenue in 2020.
Revenue generated through sale of fuels is estimated to account for less than 40% of the total market in 2020. This model is likely to exhibit a lower CAGR as compared to other segments, which can be attributed to a number of technical difficulties faced during the plastic-to-fuel conversion process.
Competitive Landscape
Key players in plastic-to-fuel business in the U.S. are Plastic2Oil, Vadaxx Energy, Agilyx Corporation and RES Polyflow. The companies active in the market are undergoing expansion plans within and outside the countries. However, one of the key players in the market recently announced closure of one of the plastic-to-oil production facility.
Key market players target landfills, municipalities and major industrial plastic waste generators to ensure constant feedstock availability. Companies are raising capital through equity investors to implement these conversion technologies.
Key Segments Covered
The report analyses U.S. Plastic-to-fuel market on the basis of following segments:
For Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-448
Reasons to Buy the report
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Future Market Insights (FMI) announces the release of its latest report titled, “Plastic-to-fuel Market: U.S. Industry Analysis and Opportunity Assessment 2015 – 2020”. As per FMI’s projection, the U.S. Plastic-to-fuel market is estimated to generate US$ 42.78 million in revenues in 2015, which is likely to reach US$ 98.26 million in 2020 representing a CAGR of 6.79% through the forecast period of 2016 to 2020.
The global need for an alternative fuel technology due to depleting natural resources, and the increasing use of plastic are among the key drivers of the Plastic-to-fuel Market. Increasing waste plastic generation necessitates for recycling technology, which reduces landfill waste in addition to converting waste into combustible fuel meeting environmental standards.
Abundant raw material availability coupled with their low cost (sometimes zero cost) attracts more players in this market. However, complexities in the conversion technology, as well as high initial setup cost for plastic to fuel conversion facility, are witnessed as key constraints for the growth of the U.S. plastic-to-fuel Market
To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-us-448
The U.S. plastic-to-fuel market is poised to reach a valuation of US$ 98.26 million in 2020 from US$ 42.78 million in 2015. The market is expected to witness a CAGR of about 6.79% through 2016 to 2020. The fuels produced using conversion technologies are further sub-segmented as crude oil and diesel, wherein crude oil is anticipated to account for leading market share in 2015.
Increasing Use of Plastics & Need for Developing Alternative Fuels: Key Drivers for U.S. Plastic-to-Fuel Market
The U.S. Plastic-to-fuel market is driven by number of factors such as increasing use of plastic, leading to easy availability of feedstock. As estimated by the U.S. Environmental Protection Agency (EPA), plastics accounted for approximately 12.7% of the total Municipal Solid Waste (MSW) generation in the U.S. in 2012.
Strong need for an alternative fuel due to depleting natural hydrocarbon resources across the globe is also a strong driver for growth of the U.S. plastic-to-fuel market. Furthermore, increasing tipping cost of landfills, coupled with a need for solid plastic waste recycling technology is amongst key factors leading to growth in the market.
However, high initial setup cost of waste processing facilities, in addition to technological complexities occurring due to delicate relationship between type of waste plastic processed, technology, and the output can pose key challenges for growth.
Revenue Generated through Sale of Processor: Key Segment in the U.S. Plastic-to-Fuel Market
The U.S. plastic-to-fuel market is segmented on the basis of revenue generation models followed by key market players. Revenue generation models include revenue earned through sale of processors, revenue earned by sale of fuel produced using conversion technology, and revenues grossed through royalties.
Amongst other segments, revenue generated through sale of processor is estimated to account for approximately 70% of the total plastic-to-fuel market in the U.S. However, revenues earned through royalties is anticipated to witness a CAGR of 7.81% during the forecast period, despite expected to account for a negligible share in revenue in 2020.
Revenue generated through sale of fuels is estimated to account for less than 40% of the total market in 2020. This model is likely to exhibit a lower CAGR as compared to other segments, which can be attributed to a number of technical difficulties faced during the plastic-to-fuel conversion process.
Competitive Landscape
Key players in plastic-to-fuel business in the U.S. are Plastic2Oil, Vadaxx Energy, Agilyx Corporation and RES Polyflow. The companies active in the market are undergoing expansion plans within and outside the countries. However, one of the key players in the market recently announced closure of one of the plastic-to-oil production facility.
Key market players target landfills, municipalities and major industrial plastic waste generators to ensure constant feedstock availability. Companies are raising capital through equity investors to implement these conversion technologies.
Key Segments Covered
The report analyses U.S. Plastic-to-fuel market on the basis of following segments:
For Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-448
Reasons to Buy the report
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Explore more articles in the Research Reports category
