Global Chemical Recycling of Plastics Market Size Study, by Type, by Product, by End-use, and Regional Forecasts 2022-2032

Description

The Global Chemical Recycling of Plastics Market is valued at approximately USD 14.82 billion in 2023 and is projected to grow at an impressive CAGR of 9.40% over the forecast period 2024-2032. As environmental concerns intensify, chemical recycling has emerged as a transformative solution in tackling plastic waste. Unlike traditional recycling methods, chemical recycling breaks down plastics into their fundamental components, enabling the production of virgin-quality materials suitable for diverse applications. This innovative approach not only mitigates landfill overflow but also aligns with the growing emphasis on circular economies, driving the industry's expansion.

The market is driven by rising consumer demand for sustainable packaging solutions and increasing regulatory mandates to curb plastic waste. Advancements in chemical recycling technologies, such as depolymerization and dissolution, have bolstered the industry's ability to process complex waste streams effectively. Furthermore, large-scale investments by governments and private enterprises underscore the market's potential, as stakeholders strive to achieve sustainability goals. However, the high costs associated with advanced recycling technologies and limited infrastructure in developing regions pose challenges. Despite these hurdles, ongoing R&D initiatives and partnerships are paving the way for scalable, cost-effective solutions.

Regionally, the Global Chemical Recycling of Plastics Market exhibits varied growth patterns. North America remains a frontrunner, propelled by robust regulatory frameworks and technological innovations. Europe, with its stringent environmental policies and substantial funding for green initiatives, continues to lead in adopting advanced recycling methods. Meanwhile, Asia Pacific is poised for rapid growth, driven by escalating industrial activities and supportive government policies in countries like China, Japan, and India. Latin America and the Middle East & Africa represent emerging opportunities, as awareness of sustainable practices gains momentum across these regions.

Major market players included in this report are:

Agilyx Corporation
Brightmark Energy
Loop Industries Inc.
Plastic Energy
Pyrowave Inc.
Recycling Technologies Ltd
Renewlogy
Carbios
GreenMantra Technologies
Enerkem
Eastman Chemical Company
BASF SE
SABIC
Covestro AG
Advanced Recycling Technologies LLC

The detailed segments and sub-segment of the market are explained below:

By Type:

Depolymerization
Dissolution
Conversion

By Product:

PE
PET
PP
PVC
PS
Others

By End-use:

Packaging
Automotive
Building & Construction
Electrical & Electronics
Textiles

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024-2032

Key Takeaways:

Market estimates & forecasts for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Comprehensive analysis of geographical landscape with country-level insights for major regions.
Competitive landscape profiling major market players.
Insights into key business strategies and recommendations for future market approaches.
Demand-side and supply-side market analysis.

Chapter 1. Global Chemical Recycling of Plastics Market Executive Summary

1.1. Global Chemical Recycling of Plastics Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Product
- 1.3.3. By End-use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Chemical Recycling of Plastics Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Chemical Recycling of Plastics Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Consumer Demand for Sustainable Packaging
- 3.1.2. Advancements in Chemical Recycling Technologies
- 3.1.3. Government Incentives and Regulatory Policies
3.2. Market Challenges
- 3.2.1. High Operational Costs of Advanced Recycling Processes
- 3.2.2. Limited Recycling Infrastructure in Developing Regions
3.3. Market Opportunities
- 3.3.1. Expansion into Emerging Markets
- 3.3.2. Innovation in Multi-Polymer Recycling Solutions
- 3.3.3. Strategic Partnerships and Collaborations

Chapter 4. Global Chemical Recycling of Plastics Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Chemical Recycling of Plastics Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Chemical Recycling of Plastics Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Depolymerization
- 5.2.2. Dissolution
- 5.2.3. Conversion

Chapter 6. Global Chemical Recycling of Plastics Market Size & Forecasts by Product 2022-2032

6.1. Segment Dashboard
6.2. Global Chemical Recycling of Plastics Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. PE
- 6.2.2. PET
- 6.2.3. PP
- 6.2.4. PVC
- 6.2.5. PS
- 6.2.6. Others

Chapter 7. Global Chemical Recycling of Plastics Market Size & Forecasts by End-use 2022-2032

7.1. Segment Dashboard
7.2. Global Chemical Recycling of Plastics Market: End-use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Packaging
- 7.2.2. Automotive
- 7.2.3. Building & Construction
- 7.2.4. Electrical & Electronics
- 7.2.5. Textiles

Chapter 8. Global Chemical Recycling of Plastics Market Size & Forecasts by Region 2022-2032

8.1. North America Chemical Recycling of Plastics Market
- 8.1.1. U.S. Chemical Recycling of Plastics Market
  - 8.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Product Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.3. End-use Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.4. Application Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Chemical Recycling of Plastics Market
8.2. Europe Chemical Recycling of Plastics Market
- 8.2.1. UK Chemical Recycling of Plastics Market
- 8.2.2. Germany Chemical Recycling of Plastics Market
- 8.2.3. France Chemical Recycling of Plastics Market
- 8.2.4. Spain Chemical Recycling of Plastics Market
- 8.2.5. Italy Chemical Recycling of Plastics Market
- 8.2.6. Rest of Europe Chemical Recycling of Plastics Market
8.3. Asia-Pacific Chemical Recycling of Plastics Market
- 8.3.1. China Chemical Recycling of Plastics Market
- 8.3.2. India Chemical Recycling of Plastics Market
- 8.3.3. Japan Chemical Recycling of Plastics Market
- 8.3.4. Australia Chemical Recycling of Plastics Market
- 8.3.5. South Korea Chemical Recycling of Plastics Market
- 8.3.6. Rest of Asia Pacific Chemical Recycling of Plastics Market
8.4. Latin America Chemical Recycling of Plastics Market
- 8.4.1. Brazil Chemical Recycling of Plastics Market
- 8.4.2. Mexico Chemical Recycling of Plastics Market
- 8.4.3. Rest of Latin America Chemical Recycling of Plastics Market
8.5. Middle East & Africa Chemical Recycling of Plastics Market
- 8.5.1. Saudi Arabia Chemical Recycling of Plastics Market
- 8.5.2. South Africa Chemical Recycling of Plastics Market
- 8.5.3. Rest of Middle East & Africa Chemical Recycling of Plastics Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Agilyx Corporation
- 9.1.2. Brightmark Energy
- 9.1.3. Loop Industries Inc.
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Agilyx Corporation
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Brightmark Energy
- 9.3.3. Loop Industries Inc.
- 9.3.4. Plastic Energy
- 9.3.5. Pyrowave Inc.
- 9.3.6. Recycling Technologies Ltd
- 9.3.7. Renewlogy
- 9.3.8. Carbios
- 9.3.9. GreenMantra Technologies
- 9.3.10. Enerkem

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes