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Tire Pyrolysis Oil Market Share

Report ID: GMI7470
Published Date: Nov 2023
Report Format: PDF

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Tire Pyrolysis Oil Market Share

Major players operating in the tire pyrolysis oil industry include:

Alterra Energy
Bioenergy Ae Cote-Nord
Bridgestone Corporation
Ensyn
Green Fuel Nordic Oy
Mk Aromatics Limited
New Energy Kft.
New Hope Energy
Nexus Circular
Plastic Advanced Recycling Corp.
Plastic Energy
Pyrocell (setra)
Quantafuel ASA
Shenyang Dongxing Chemical Industry Co., Ltd
Shenyang East-West Renewable Energy Equipment Co., Ltd
Trident Fuels Pty Ltd

Shenyang Dongxing Chemical Industry Co., Ltd, and Shenyang East-West Renewable Energy Equipment Co., Ltd have emerged as prominent players in the Asia-Pacific tire pyrolysis oil business due to a combination of critical factors. Their strong market presence and influence can be attributed to their extensive product portfolios and innovative solutions, addressing the diverse needs of the chemical and automotive sectors in the region. Moreover, their commitment to quality and safety standards aligns with the growing demand for Tire Pyrolysis Oil in Asia-Pacific. These industry giants have also fostered key partnerships and collaborations with local stakeholders, bolstering their market reach and distribution networks. Additionally, their investment in R&D drives continuous technological advancements, which resonate with the region's pursuit of modern, safe, and sustainable building and transportation solutions. As a result, Saint-Gobain and ACG have successfully positioned themselves as leading players in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for tire pyrolysis oil was valued at USD 328 million in 2022 and is projected to reach over USD 553 million by 2032, driven by need for environmentally friendly solutions for tire waste disposal issuesand technological advancements.

The waste plastic segment was valued at USD 122 million in 2022 and is projected to witness substantial gains by 2032, driven by the increased availability of used tyre waste.

U.S. dominated the North America tire pyrolysis oil industry with a revenue of USD 80.5 Million in 2022 and is anticipated to expand at a significant pace from 2023-2032 driven by a robust regulatory framework, and incentives for technological advancements.

Alterra Energy, Bioenergy Ae Cote-Nord, Bridgestone Corporation, Ensyn, Green Fuel Nordic Oy, Mk Aromatics Limited are some of the major industry contenders.