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North America Plastic Waste Pyrolysis Oil Market Trends

Report ID: GMI9054
Published Date: Apr 2024
Report Format: PDF

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North America Plastic Waste Pyrolysis Oil Market Trends

In recent years, mounting worries about plastic pollution and the dwindling availability of landfill sites have become prominent. Governments across the region are prioritizing circular economy strategies aimed at fostering the recycling and repurposing of plastic waste. Pyrolysis technology emerges as a practical solution by transforming plastic waste into valuable commodities such as fuel oil, gas, and carbon black, thus completing the loop in the plastic waste management process. The increasing enforcement of rigorous regulations and policies to address plastic waste and encourage sustainable waste management approaches is driving the growth of the market for pyrolysis oil derived from plastic waste across North America.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

North America solid oxide fuel cells market size was USD 373.2 billion in 2023 and is expected to register 6.6% CAGR from 2024-2032 owing to growing concerns about climate change and air pollution and increasing demand for cleaner and more sustainable energy technologies in the region.

North America solid oxide fuel cells industry from the tubular segment is expected to exceed USD 255 million by 2032 due to its high electrical efficiency, modularity and scalability, allowing for flexible deployment in various applications and settings.

U.S. solid oxide fuel cells industry is expected to cross USD 550 million by 2032 and is expected to register a commendable CAGR from 2024-2032 due to growing interest in decentralized energy systems and grid resilience in the country.

Panasonic Corporation, Doosan Fuel Cell Co., Ltd., AISIN CORPORATION, Ceres, SFC Energy AG, TOSHIBA CORPORATION, Robert Bosch GmbH, TW Horizon Fuel Cell Technologies, AFC Energy PLC, and Fuel Cell Energy, Inc., are some of the major gas fired boiler companies in Europe.