The global plastics industry is facing a growing challenge - the need to address the environmental impact of plastic waste. As traditional waste management methods struggle to keep pace, advanced chemical recycling and dissolution technologies have emerged as a crucial solution to transform the industry towards a more sustainable, circular model. This comprehensive market report provides an in-depth analysis of the rapidly evolving landscape of chemical recycling and dissolution, offering stakeholders a roadmap to navigate this transformative shift.
The report begins by examining the global production and use of plastics, highlighting the importance of this material in modern society, as well as the issues associated with its widespread adoption. It delves into the rise of bio-based and biodegradable plastics, as well as the growing problem of plastic pollution and the policy and regulatory responses shaping the industry. At the heart of this report lies a detailed analysis of the advanced chemical recycling market, exploring the key drivers and trends that are propelling its growth. The report tracks the industry's dynamic developments, funding, and capacity expansions from 2020 to 2024, painting a comprehensive picture of the competitive landscape.
A critical comparative analysis of mechanical and chemical recycling is presented, underscoring the advantages and limitations of each approach. The report then provides an in-depth forecast of global polymer demand segmented by recycling technology, polymer type, and geographic region, offering stakeholders valuable insights to guide their strategic decision-making.
The report delves into the various advanced recycling technologies, including pyrolysis, gasification, dissolution, and depolymerization, providing a thorough examination of their technical attributes, applications, market forecasts, and leading industry players. It also explores emerging trends, such as the recycling of thermoset materials and the chemical recycling of textiles, highlighting the industry's continuous evolution.
The report provides an in-depth exploration of the key advanced recycling technologies, including:
- Pyrolysis: Leveraging thermal decomposition to convert plastic waste into valuable petrochemical products, along with the application of catalytic pyrolysis and the co-processing of biomass and plastic waste.
- Gasification: Employing high-temperature, oxygen-limited processes to convert plastic waste into synthesis gas, which can be further processed into fuels, chemicals, or renewable natural gas.
- Dissolution: Utilizing solvents to selectively dissolve and separate specific polymers from plastic waste, enabling the recovery of high-purity materials.
- Depolymerization: Utilizing various chemical processes, such as hydrolysis, enzymolysis, methanolysis, and glycolysis, to break down polymers into their constituent monomers for reuse.
For each technology, the report provides a technical overview, market forecasts, SWOT analysis, and the leading industry players and their current and planned capacities.Additionally, the report explores emerging advanced recycling approaches, including hydrothermal cracking, microwave-assisted pyrolysis, plasma technologies, and the recycling of thermoset materials and carbon fibers, highlighting the continued innovation in this dynamic market.
The report projects the global demand for chemically recycled plastics to grow significantly, outpacing the growth of mechanically recycled plastics in key applications. This trajectory is driven by the increasing adoption of advanced recycling technologies, the need for higher-quality recycled content, and the rising demand for sustainable materials across diverse industries.
The global demand for chemically recycled plastics is analyzed across key regions, including Europe, North America, South America, Asia, Oceania, and Africa. The report provides detailed forecasts of polymer demand by recycling technology for each region, equipping stakeholders with a comprehensive understanding of the geographic dynamics shaping the industry.
The report examines the life cycle assessments of advanced chemical recycling processes, comparing the environmental impacts and resource efficiency with traditional virgin plastic production and mechanical recycling. This analysis empowers stakeholders to make informed decisions and communicate the sustainability benefits of their products. The report also addresses the key challenges facing the advanced chemical recycling market, including technological limitations, feedstock availability, regulatory hurdles, and economic barriers, providing a balanced perspective on the industry's growth trajectory.
The report concludes with an extensive company profiling section, featuring over 160 leading players in the chemical recycling and dissolution market. This comprehensive industry landscape covers the technology developers, equipment manufacturers, chemical producers, and waste management companies driving the transformation of the plastics value chain. Each company profile provides detailed information on the organization's technology, capacity, strategic initiatives, and market positioning, equipping stakeholders with the necessary insights to identify potential partners, competitors, and investment opportunities.
Companies profiled include Agilyx, APK AG, Aquafil, Carbios, Eastman, Extracthive, Fych Technologies, Garbo, gr3n SA, Hyundai Chemical Ioniqa, Itero, Licella, Mura Technology, revalyu Resources GmbH, Plastogaz SA, Plastic Energy, Polystyvert, Pyrowave, RePEaT Co., Ltd., Synova and SABIC.
Table of Contents
1 CLASSIFICATION OF RECYCLING TECHNOLOGIES2 RESEARCH METHODOLOGY
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aduro Clean Technologies, Inc.
- Aeternal Upcycling
- Agilyx
- Alpha Recyclage Composites
- Alterra Energy
- Ambercycle, Inc.
- Anellotech, Inc.
- Anhui Oursun Resource Technology Co., Ltd
- APChemi Pvt. Ltd.
- APK AG
- Aquafil S.p.A.
- ARCUS Greencycling GmbH
- Arkema
- Axens SA
- BASF
- Bcircular
- BioBTX B.V.
- Biofabrik Technologies GmbH
- Blest (Microengineer Co., Ltd.)
- Blue Cycle
- BlueAlp Technology
- Borealis AG
- Boston Materials LLC
- Braven Environmental, LLC
- Brightmark
- Cadel Deinking S.L.
- Carbios
- Carboliq GmbH
- Carbon Fiber Recycling LLC
- Cassandra Oil AB
- CIRC
- Chian Tianying
- Chevron Phillips Chemical
- Clariter
- Clean Planet Energy
- Corsair Group International
- Covestro
- CreaCycle GmbH
- CuRe Technology BV
- Cyclic Materials
- Cyclize
- DePoly SA
- Dow Chemical Company
- DyeRecycle
- Eastman Chemical Company
- Eco Fuel Technology, Inc
- Ecopek S.A.
- Eeden GmbH
- Emery Oleochemicals
- Encina Development Group, LLC
- Enerkem, Inc.
- Enval Ltd.
- Environmental Solutions (Asia) Pte Ltd
- Epoch Biodesign
- Equipolymers GmbH
- Evonik Industries AG
- Evrnu
- Extracthive
- ExxonMobil
- Fairmat
- Fulcrum BioEnergy
- Futerro
- Fych Technologies
- Garbo S.r.l.
- GreenMantra Technologies
- Gr3n SA
- Handerek Technologies
- Hanwha Solutions
- Honeywell
- Hyundai Chemical
- Indaver nv
- InEnTec, Inc.
- INEOS Styrolution
- Infinited Fiber Company Oy
- Ioncell Oy
- Ioniqa Technologies B.V.
- Itero Technologies
- Itelyum
- Jeplan, Inc.
- JFE Chemical Corporation
- Kaneka Corporation
- Khepra
- Klean Industries
- Lanzatech
- Licella
- Loop Industries, Inc.
- LOTTE Chemical
- Lummus Technology LLC
- LyondellBasell Industries Holdings B.V.
- Metaspectral
- Mint Innovation
- Microwave Chemical Co. Ltd.
- Mitsubishi Chemical
- MolyWorks Materials
- Mote, Inc.
- Mura Technology
- Nanya Plastics Corporation
- NatureWorks
- Neste Oyj
- New Hope Energy
- Nexus Circular LLC
- Next Generation Group (NGR)
- Novoloop
- Olefy Technologies
- OMV AG
- Orlen Unipetrol Rpa S.r.o.
- Österreichische Mineralölverwaltung (OMV)
- PETRONAS Chemicals Group Berhad
- Plastic Back
- Plastic Energy Limited
- Plastic2Oil, Inc.
- Plastogaz SA
- Poliloop
- Polycycl
- Polynate
- PolyStyreneLoop
- Polystyvert, Inc.
- Poseidon Plastics
- Premirr Plastics, Inc.
- Protein Evolution
- Pryme BV
- PureCycle Technologies
- Pyrowave
- Qairos Energies
- QuantaFuel ASA
- Recenso GmbH
- Recyc’ELIT
- Reliance Industries Limited
- ReNew ELP
- Re:newcell
- Renew One
- RePEaT Co., Ltd.
- Repsol
- Resiclo Oy
- Resynergi, Inc.
- revalyu Resources GmbH
- ReVital Polymers, Inc.
- Rittec Umwelttechnik GmbH
- Sabic
- Samsara Eco Pty Ltd.
- Saperatec GmbH
- Scindo
- SCG Chemicals
- Sekisui Chemical Co., Ltd.
- Shell
- Showa Denko K.K.
- Shuye Environmental Technology
- Sierra Energy
- SK Geo Centric (SKGC)
- SK Global Chemical Co., Ltd.
- Sulzer Chemtech AG
- Sumitomo Chemical
- Sweet Gazoil
- Synova
- Synpet Technologies
- Technisoil Industrial
- Teijin Frontier Co., Ltd.
- TotalEnergies
- Toyo Styrene Co., Ltd.
- Trinseo
- Triple Helix
- Uflex
- Valoren
- Vartega Inc.
- Velocys
- Versalis SpA
- Wastefront
- Worn Again Technologies
- Xycle