The global recycled plastic & plastic waste to oil market has been broadly segmented on the basis of plastic type into polyethylene (PE), polyethylene terephthalate (PET), polystyrene (PS), polyvinyl chloride (PVC), polypropylene (PP), and other plastics (acrylic,polycarbonate, polylactic fibers, nylon, and fiberglass). On the basis of technology, the global recycled plastic & plastic waste to oil market has been segmented into pyrolysis, gasification and synthesis, and catalytic depolymerization processes. The global recycled plastic & plastic waste to oil market has also been segmented on the basis on end-fuel into diesel, gasoline, kerosene,synthetic gases, and others.
Recycled plastic to fuel oil process
Plastic to oil (fuel) process is one of the highly efficient technologies to convert plastic into synthetic crude oil and other petroleum products. Plastic to oil (fuel) systems process feedstock(different types of plastic) and convert it into synthetic crude oil, its distillates, and other refined petroleum products. Plastic to oil (fuel) process not only aids in converting plastic to synthetic crude oil (fuel) but also enables eco-friendly disposal of plastic waste. Plastic to oil (fuel) process is an advanced waste conversion technology that is considered complementary to existing plastic recycling efforts as it usually does not consider plastic resins that are valued by the recycling markets. Plastic to oil (fuel) process is not projected to be a replacement to traditional recycling practices, but due to low plastic recycling rates, it is becoming a feasible addition to plastic waste management infrastructure. Rising environmental concerns across the globe and increasing government and environmental regulations against the disposal of plastics have augmented the sales of plastic to oil (fuel) systems across the globe. Countries dependent on crude oil imports have started adopting plastic to oil (fuel) processes which has also boosted the sales of plastic to oi (fuel) systems. Increasing plastic production globally is also expected to boost therevenues of the recycled plastic & plastic waste to oil market.
Pyrolysis process was the largest technology segment of the global recycled plastic & plastic waste to oil market, accounting for more than 50% of the global share in 2014. Pyrolysis process is expected to dominate the market due to its lower CAPEX requirements as compared to gasification and catalytic depolymerization processes Polyethylene (PE) was the largest plastic type segment of the global recycled plastic & plastic waste to oil market, accounting for more than 40% of the global share in 2014. Polyethylene (PE) is one of the most preferred plastic types for plastic to oil (fuel) processes owing to its high energy conversion rates. On the basis of end-fuel, diesel was the largest segment, accounting for more than 50% of the
global recycled plastic & plastic waste to oil market share in 2014
The global recycled plastic & plastic waste to oil market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Europe accounted for more than 35% of the global market share in 2014. Asia Pacific was the second-largest market for recycled plastic & plastic waste to oil in 2014. However, the recycled plastic & plastic waste to oil market in North America and South & Central America are anticipated to grow at fastest rates during the forecast period.
Some of the leading companies in the global recycled plastic & plastic waste to oil market include Agilyx Inc., Cynar Plc, Vadxx Energy LLC, Nexus Fuels, LLC, Clean Blue Technologies Inc.,Plastic2Oil Inc. (JBI, Inc.), RES Polyflow, PK Clean, Plastic Advanced Recycling Corporation (PARC), and MK Aromatics Ltd. The report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, key
technologies, filed or pending patents, production capacities, and recent developments. The global recycled plastic & plastic waste to
General Plastics: PET is not suitable (cannot be recycled).
PVC: Such as some of the films, cables, floor, pipes, windows, etc. These are not suitable (It’s acidic and will corrode the machine).
PE: Such as some films, diaphragms, film membrane, bottles, electrical appliances isolation materials, reticule, water pipes, oil drum, drink bottle, calcium feeding-bottle, milk bottle, some daily necessities, etc. The oil yield is 95%.
PP: Such as some thin films, plastic ropes, plastic crockery, plastic basin and barrel, furniture, woven bag, bottle cap, vehicle bumpers, etc. The oil yield is 90%.
PS: Such as some electrical appliance, stationery, cup, food container, household appliances shells, electric accessories, foam products, toys, etc. The oil yield is 90%.
ABS (Engineering plastics): about 40%
Pure white plastic cloth: about 70%
Bags of instant noodles: about 20%
Paper-mill waste: wet 15-20%, dry 60%
House hold garbage: 30-50%
Pure plastic cable skin: 80%
Pure clean plastic bags: more than 50%
Big truck tires: 45%
Small car tire and bike tire: about 35%
Rubber electric cable and shoe sole: about 35%
Mixture shoe sole: about 30%
Sport shoes: 20%-30%
Waste chemical fiber carpet: more than 30%
Global Recycled Plastic & Plastic Waste to Oil Market: Technology Analysis
Gasification and Synthesis Process
Catalytic Depolymerization Process
Global Recycled Plastic & Plastic Waste to Oil Market: End-Fuel Analysis