Global Solvent-based Plastic Recycling Market Size Study, by Recyclable Plastic Type, by Recycled Plastic Form, by Application, by End-Use Product, and Regional Forecasts 2022-2032

Description

The Global Solvent-based Plastic Recycling Market is valued at approximately USD 21.43 billion in 2023 and is anticipated to grow at a CAGR of 10.60% over the forecast period 2024-2032. Solvent-based plastic recycling represents a transformative solution in addressing the environmental challenges posed by plastic waste. Unlike conventional methods, this technology selectively dissolves plastic polymers, enabling the recovery of high-purity materials for reuse. With growing global emphasis on sustainability, this innovative recycling approach offers a promising pathway to reducing landfill dependency and curbing pollution, making it a cornerstone of the circular economy.

This market's expansion is driven by rising environmental awareness and regulatory measures aimed at reducing plastic waste. Applications in industries such as automotive, packaging, and construction are boosting demand for recycled plastic forms like flakes, pellets, and powders. For instance, the packaging sector increasingly adopts recycled materials to align with consumer preferences for eco-friendly solutions. However, challenges such as high processing costs and limited infrastructure in developing regions may hinder growth. Advances in solvent recovery technologies and increased adoption of automation are expected to mitigate these challenges, fostering greater scalability and cost-efficiency.

Regionally, North America dominates the market, supported by stringent environmental policies and robust recycling infrastructure. Europe follows closely, driven by ambitious sustainability targets and investments in advanced recycling technologies. Meanwhile, the Asia-Pacific region is poised for remarkable growth, fueled by rapid industrialization, growing awareness about environmental impacts, and supportive government initiatives in countries like China, Japan, and India. Latin America and the Middle East & Africa are also emerging as significant players, with increasing investments in recycling facilities and growing adoption of sustainable practices across industries.

Major market players included in this report are:

BASF SE
Veolia Environnement S.A.
Indorama Ventures Public Company Limited
LyondellBasell Industries Holdings B.V.
SABIC
Eastman Chemical Company
Dow Inc.
Borealis AG
Loop Industries, Inc.
Green Mantra Technologies
Plastic Energy Ltd.
Teijin Limited
PureCycle Technologies, Inc.
Alpek S.A.B. de C.V.
Suez Recycling & Recovery

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

By Recyclable Plastic Type:

Polyethylene Terephthalate (PET)
High-Density Polyethylene (HDPE)
Polyvinyl Chloride (PVC)
Low-Density Polyethylene (LDPE)
Polypropylene (PP)

By Recycled Plastic Form:

Flakes
Pellets
Powder

By Application:

Automotive
Packaging
Construction
Consumer Goods
Textiles

By End-Use Product:

Bottles
Films
Pipes
Automotive Parts
Construction Materials

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 to 2032

Key Takeaways:

Market estimates and forecasts for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Comprehensive insights into geographical trends with country-specific analysis.
Detailed competitive landscape featuring major industry players.
Strategic recommendations and forward-looking insights for stakeholders.

Chapter 1. Global Solvent-based Plastic Recycling Market Executive Summary

1.1. Global Solvent-based Plastic Recycling Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Recyclable Plastic Type
- 1.3.2. By Recycled Plastic Form
- 1.3.3. By Application
- 1.3.4. By End-Use Product
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Solvent-based Plastic Recycling 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 Solvent-based Plastic Recycling Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Environmental Awareness and Regulatory Measures
- 3.1.2. Growth in Automotive and Packaging Industries
- 3.1.3. Technological Advancements in Solvent Recovery
3.2. Market Challenges
- 3.2.1. High Processing Costs
- 3.2.2. Limited Infrastructure in Developing Regions
3.3. Market Opportunities
- 3.3.1. Expansion into Emerging Markets
- 3.3.2. Development of Bio-based and Low-Density Recycled Plastics
- 3.3.3. Strategic Partnerships and Collaborations

Chapter 4. Global Solvent-based Plastic Recycling 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 Solvent-based Plastic Recycling Market Size & Forecasts by Recyclable Plastic Type 2022-2032

5.1. Segment Dashboard
5.2. Global Solvent-based Plastic Recycling Market: Recyclable Plastic Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Polyethylene Terephthalate (PET)
- 5.2.2. High-Density Polyethylene (HDPE)
- 5.2.3. Polyvinyl Chloride (PVC)
- 5.2.4. Low-Density Polyethylene (LDPE)
- 5.2.5. Polypropylene (PP)

Chapter 6. Global Solvent-based Plastic Recycling Market Size & Forecasts by Recycled Plastic Form 2022-2032

6.1. Segment Dashboard
6.2. Global Solvent-based Plastic Recycling Market: Recycled Plastic Form Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Flakes
- 6.2.2. Pellets
- 6.2.3. Powder

Chapter 7. Global Solvent-based Plastic Recycling Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Solvent-based Plastic Recycling Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Automotive
- 7.2.2. Packaging
- 7.2.3. Construction
- 7.2.4. Consumer Goods
- 7.2.5. Textiles

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Veolia Environnement S.A.
- 8.1.3. Indorama Ventures Public Company Limited
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Veolia Environnement S.A.
- 8.3.3. Indorama Ventures Public Company Limited
- 8.3.4. LyondellBasell Industries Holdings B.V.
- 8.3.5. SABIC
- 8.3.6. Eastman Chemical Company
- 8.3.7. Dow Inc.
- 8.3.8. Borealis AG
- 8.3.9. Loop Industries, Inc.
- 8.3.10. Green Mantra Technologies

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes