Chemical Recycling Market Size – By Plastic Type (Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By End-use (Packaging, Textiles, Automotive, Construction and Others), By Technology (Pyrolysis, Gasification, Depolymerization, Solvolysis, Hydrogenation and Others) & Region – Global Forecasts 2024 - 2034
- PUBLISHED ON
- 2024-09-09
- NO OF PAGES
- 235
- CATEGORY
- Chemicals & Materials
Market Overview
The Chemical Recycling market is predicted to develop at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2034, when it is projected to reach USD 32,631.85 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 14,945.48 Million in 2024.
SOURCE: We Market Research
The global
chemical recycling market refers to the sector focused on the process of
converting plastic waste into raw materials through chemical processes,
enabling the creation of new plastics, fuels, or chemicals. Unlike mechanical
recycling, chemical recycling breaks down the molecular structure of plastics,
allowing the recovery of valuable feedstocks and reducing reliance on virgin
fossil resources.
The Global
Chemical Recycling Market is experiencing significant growth due to increasing
concerns about plastic waste management and sustainability. Chemical recycling
offers a more advanced approach compared to mechanical recycling, as it breaks
down plastic waste into its chemical components, enabling the recovery of
high-quality raw materials. This process is seen as a solution to address the
limitations of traditional recycling methods, especially for mixed or
contaminated plastics.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 14,945.48 Million |
|
Market
Forecast in 2034 |
USD 32,631.85
Million |
|
CAGR % 2024-2034 |
9.5% |
|
Base
Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Plastic Type,
By End-use, By Technology and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Chemical Recycling Industry: Dynamics & Restrains:
Market opportunity:
We Market
Research: Chemical Recycling Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.