Global Petrochemicals & Polymers Market, Products (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Vinyls, Styrene , Methanol) Industry Analysis, Size, Share, Growth, Trends And Forecast, 2014 – 2021
The global energy Waste to Energy market is growing at a CAGR of nearly 10% from 2015-2021Global market for Energy chemicals and oil market from waste plastic is expected to see a solid growth as the companies are adopting new technologies. Currently almost 80% of the total plastic waste produced is incinerated and converted into Refused define oil(RDF).However, the future of energy recovery market lies in the development of new processes that are eco friendly and will generate fuel with better efficiency.
The currently used process of incineration has more harmful effects to the environment. Although the cost of conducting the process is lesser than other processes such as biodegradation, gasification & pyrolysis and so on, companies need to go through strict government regulations. The various environmental concerns associated with the process is a major challenge for the industry. Moreover, the energy generated is comparatively of lower cost than the cost of pollution generated during the process. Thus companies are looking forward for alternative and more eco friendly processes and technologies to recover energy from plastic waste. It is found that when compared to landfill disposal, gasification of MSW saves 6.5 to 13 million Btu per ton and 0.3 to 0.6 tons of carbon equivalent emissions per ton
In Europe and Asia, gasification and pyrolysis of plastic waste is a usually a done aon a large scale. However, companies have faced various operational issues from the local government. In addition this process of gasification involves burning of mass leading to waste of thermal energy. This is one of the reasons behind slower adoption and challenges associated with its commercialization on a large scale.
Operation green fence by Chinese government has placed a major concern before the U.S. plastic waste management. However, new technologies such as gasification & pyrolysis which are considered as more environment friendly and more efficient can be the right choice for US plastic waste management. Waste management companies should leverage the emerging opportunities in the region. Moreover, agreements with local governments may help to overcome the regulatory issues.
Top companies profiled in this report are:
1. Agilyx 2. JBI Inc. (Plastic2oil) 3. Covanta Holding Corporation 4. CFP GROUP 5. Cynar PLC 6. RES Polyflow 7. Enerkem 8. Vexor Technology 9. Wheelabrator Technologies
This report covers
The market growth from the period 2014-2021 in different countries and regions including coverage of regulations
The CAGR upto 2021 of market segments by application and type
Market Size, Share, Trends, Opportunities, Regional and Global Demand to understand the fastest growing markets and the factors for growth.
Insights and Analysis of the market
The report covers the market landscape and its growth prospects in the coming years.
Profiling of both established as well as upcoming companies in the market.
Tables, graphs and figures to for a better visceral understanding of the market
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This report provides detailed analysis of global petrochemical polymer market. This report includes a brief market overview, market share analysis, and current market size, future forecast and key strategies of market leader which provide complete market scenario to the marketers to confidently update their strategic and tactical plans. The market is segmented in three broad category thermoplastic, thermosetting and elastomers.
Marketers need data on volume and value changes, brand dynamics and distribution trends in order to effectively plan strategies.
Report includes detailed geographical analysis of petrochemical polymer market. Market analysis is done at country level to provide better understanding of the market. Market share analysis and value chain analysis of petrochemical market provides information about market participants.