Chemical Recycling of Plastics Market size was valued at USD 14.92 Bn. in 2023 and the total Chemical Recycling of Plastics revenue is expected to grow at a CAGR of 9.4% from 2024 to 2030, reaching nearly USD 27.98 Bn. by 2030.

Chemical Recycling of Plastics Market Overviews

Stellar Market Research is Business research firm that has published a thorough analysis of the “Chemical Recycling of Plastics Market”. The Chemical Recycling of Plastics market report includes the analysis of pricing, demand, business insights, and competitive landscape. The base year of the Chemical Recycling of Plastics market is 2023 and the forecast period is from 2024 to 2030.

Chemical Recycling of Plastics Market Scope and Methodology:

The report evaluates factors influencing the market, such as economic conditions, and trends. Competitive analysis and market segmentation are employed to provide a complete understanding of the Chemical Recycling of Plastics market landscape. The report offers valuable insights and recommendations for stakeholders in this industry.  The Chemical Recycling of Plastics Market Report includes an extensive analysis of the Chemical Recycling of Plastics industry, aiming at market dynamics, market trends, and key players. The research methodology includes the collection of data through primary and secondary sources, such as articles, surveys, interviews, and industry reports. Whereas the growth potential, market size, and regional insights are studied through quantitative and qualitative research techniques.

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Chemical Recycling of Plastics Market Dynamics

The growing global focus on reducing plastic waste has spurred the adoption of advanced recycling technologies, with chemical recycling emerging as a key driver of sustainability and circularity. This process converts plastic waste into valuable raw materials, decreasing dependency on fossil resources and mitigating environmental harm. In line with these efforts, BASF introduced its ChemCycling initiative on February 21, 2024, at its Port Arthur, Texas facility. This initiative aims to produce Cycle products from plastic waste, further supporting the transition toward a circular economy.

Chemical Recycling of Plastics Market Regional Insights

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are the regions that are covered for the Chemical Recycling of Plastics market. The report comprises a comprehensive analysis of all the factors including market size, growth rate, and import and export in regions. The analysis based on regions provides the status of the Chemical Recycling of Plastics market for various countries.

Chemical Recycling of Plastics Market Segmentation

By Type

Depolymerization

Dissolution

Conversion

Solvolysis

Others

By Product

PE (Polyethylene )

PET (Polyethylene)

PP (Polypropylene)

PVC (Polyvinyl chloride)

PS (Polystyrene)

Others

By End-use

Packaging

Automotive

Building & Construction

Electrical & electronics

Textiles

Others

Chemical Recycling of Plastics Market Key Players

  1. BASF SE (Ludwigshafen, Germany)
  2. LyondellBasell Industries (Houston, Texas, USA)
  3. Eastman Chemical Company (Kingsport, Tennessee, USA)
  4. Ineos Group (London, United Kingdom)
  5. Dow Inc. (Midland, Michigan, USA)
  6. SABIC (Saudi Basic Industries Corporation) (Riyadh, Saudi Arabia)
  7. Indorama Ventures (Bangkok, Thailand)
  8. Chevron Phillips Chemical Company (The Woodlands, Texas, USA)
  9. Loop Industries (Terrebonne, Quebec, Canada)
  10. Plastic Energy (London, United Kingdom)
  11. Mura Technology (London, United Kingdom)
  12. Carbios (Clermont-Ferrand, France)
  13. Agilyx Corporation (Tigard, Oregon, USA)
  14. GreenMantra Technologies (Brantford, Ontario, Canada)
  15. Gr3n Recycling (Lugano, Switzerland)

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Key questions answered in the Chemical Recycling of Plastics Market are:

  • What is Chemical Recycling of Plastics?
  • What was the Chemical Recycling of Plastics market size in 2023?
  • What is the growth rate of the Chemical Recycling of Plastics Market?
  • Which are the factors expected to drive the Chemical Recycling of Plastics market growth?
  • What are the different segments of the Chemical Recycling of Plastics Market?
  • What growth strategies are the players considering to increase their presence in Chemical Recycling of Plastics?
  • What are the upcoming industry applications and trends for the Chemical Recycling of Plastics Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Chemical Recycling of Plastics Market?
  • Who are the leading companies and what are their portfolios in Chemical Recycling of Plastics Market?
  • What segments are covered in the Chemical Recycling of Plastics Market?
  • Who are the key players in the Chemical Recycling of Plastics market?

 

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Stellar Market Research

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