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Advanced Recycling Technologies Market

Advanced Recycling Technologies Market Size, Share & Trends Analysis Report By Technology, (Pyrolysis/Cracking, Gasification, Depolymerization, Microwave), Product Types (Naphtha, Heavy Gas Oil, Wax Residue), End User (Food & Beverage Packaging, Non-Food Packaging, Consumer Electronics, Infrastructure & Construction, Automotive), By Region, & Segment Forecasts, 2023-2031

Report ID : 1679 | Published : 2023-03-31 | Pages: 180 | Format: PDF/EXCEL

The Global Advanced Recycling Technologies Market Size is valued at 278.15 million in 2022 and is predicted to reach 8901.40 million by the year 2031 at a 47.16% CAGR during the forecast period for 2023-2031.

Over the projection period, the demand for recycled plastics is anticipated to increase due to rising plastic use in producing lightweight components in various industries, including building & construction, automotive, electrical & electronics, and other industries. Due to the rise in online sales of electrical & electronic, personal care, and protective equipment products like gloves, face masks, and other products, the demand for various packaging products has increased amid the global COVID-19 pandemic crisis. As a result, recycled plastics are increasingly in need for various packaging applications.

Advanced Recycling Technologies Market

Verge claims that e-commerce companies have seen a significant surge in demand for affordable consumer electronics devices like laptops, smartphones, modems, and other items. The demand for recycled plastics in electrical & electronics, and packaging applications has increased due to the rise in consumer electronics consumption. This demand is anticipated to increase during the projection period. 

Recent Developments:

  • In May 2019, The future tissue plant in Sherbrooke that KP Tissue Inc. and Kruger Products are building, which will include the most cutting-edge and effective TAD technology in Canada, was dedicated to the construction site. 180 employment in Estrie and 1,700 direct and indirect jobs will be generated by this USD 575 million investment throughout the course of the building phase, which will end in 2021. 

Competitive Landscape:

Some of the Advanced Recycling Technologies market players are:

  • Agilyx
  • Stena Metall
  • Chevron Phillips Chemical Company LLC
  • Honeywell International Inc.
  • Plastic Energy
  • Enerkem
  • Loop Industries, Inc.
  • Gr3n Recycling
  • Carbios SA
  • Pyrowave
  • Polystyvert Inc.
  • Recycling Avenue BV
  • BlueAlp Innovations BV
  • Quantafuel ASA
  • Mura Technology Limited
  • Alterra
  • Aduro Clean Technologies Inc.
  • Brightmark
  • GreenMantra Technologies
  • Axens 

Market Segmentation:

Advanced Recycling Technologies market is segmented based on end user, technology, and product types. Based on end users, the market is categorized as Food and Beverage Packaging, Non-Food Packaging, Consumer Electronics, Infrastructure and Construction, Automotive, and Others. By the technology, the market is segmented into Pyrolysis/ Cracking, Gasification, Depolymerization, Microwave, and Others. By product type, the market is segmented as Naphtha, Heavy Gas Oil, Wax Residue, and Others.

Based On End Users, The Packaging Segment Is Accounted As A Major Contributor In The Advanced Recycling Technologies Market

The market was headed by the packaging application sector. The increase in demand for packaged food and beverages, electrical & electronics, and textiles is to blame for this high percentage. The main products that are driving the requirement for recycled plastics are personal hygiene items like electric trimmers and shavers, automobile parts, and apparel made of recycled materials.

The Depolymerization Segment Witnessed Growth At A Rapid Rate

Based on the shorter loop, depolymerization is preferable in terms of life-cycle analysis (LCA) (waste to monomer vs waste to feedstock). The majority of technology vendors, including Eastman, are now mainly concentrating on PET waste because it requires precisely sorted plastic waste streams.

In The Region, The North America Advanced Recycling Technologies Market Holds A Significant Revenue Share

The packaging industry is expanding throughout the Asia Pacific, and the sector has seen technical breakthroughs. The strong demand for consumer goods, electrical & electronics, and building & construction products, particularly from China, India, and Southeast Asia, is what fuels the expansion of the region's packaging business. Furthermore, it is anticipated that a flexible regulatory environment will counteract the limitations that are typically present in Western markets. Moreover, the market was controlled by Asia Pacific. The demand for non-residential construction projects like hospitals, schools, and colleges is predicted to rise over the course of the forecast period, which will increase demand for roofing tiles, insulation, fences, floor tiles, carpets, and other materials that will fuel market expansion.

Advanced Recycling Technologies Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 278.15 Mn

Revenue forecast in 2031

USD 8901.40 Mn

Growth rate CAGR

CAGR of 47.16 % from 2023 to 2031

Quantitative units

Representation of revenue in US$ Million, Volume (KT), and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

End User, Technology, And Product Types

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Agilyx, Stena Metall, Chevron Phillips Chemical Company LLC, Honeywell International Inc., Plastic Energy, Enerkem, Loop Industries, Inc., Gr3n Recycling, Carbios SA, Pyrowave, Polystyvert Inc., Recycling Avenue BV, BlueAlp Innovations BV, Quantafuel ASA, Mura Technology Limited, Alterra, Aduro Clean Technologies Inc., Brightmark, GreenMantra Technologies, and Axens.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Advanced Recycling Technologies Market Snapshot

Chapter 4. Global Advanced Recycling Technologies Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Plastic Type Estimates & Trend Analysis
5.1. by Plastic Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Plastic Type:

5.2.1. Fluoropolymers
5.2.2. High-performance Polyamides
5.2.3. Sulfone Polymers
5.2.4. Liquid Crystal Polymers
5.2.5. Polyimides
5.2.6. Others

Chapter 6. Market Segmentation 2: by Additive-Type Estimates & Trend Analysis

6.1. by Additive-Type & Market Share, 2019 & 2031

6.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Additive-Type:

6.2.1. Plasticizers
6.2.2. Flame Retardants
6.2.3. Lubricants
6.2.4. Anti-Oxidants
6.2.5. Stabilizers
6.2.6. Others

Chapter 7. Market Segmentation 3: by End-user Estimates & Trend Analysis

7.1. by End-user & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-user:

7.2.1. Transportation
7.2.2. Medical
7.2.3. Electrical and Electronics
7.2.4. Packaging
7.2.5. Others

Chapter 8. Advanced Recycling Technologies Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Plastic Type, 2023-2031
8.1.2. North America Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Additive-Type, 2023-2031
8.1.3. North America Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2023-2031
8.1.4. North America Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

8.2. Europe

8.2.1. Europe Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Plastic Type, 2023-2031
8.2.2. Europe Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Additive-Type, 2023-2031
8.2.3. Europe Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2023-2031
8.2.4. Europe Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Plastic Type, 2023-2031
8.3.2. Asia Pacific Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Additive-Type, 2023-2031
8.3.3. Asia-Pacific Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2023-2031
8.3.4. Asia Pacific Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

8.4. Latin America

8.4.1. Latin America Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Plastic Type, 2023-2031
8.4.2. Latin America Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Additive-Type, 2023-2031
8.4.3. Latin America Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2023-2031
8.4.4. Latin America Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Plastic Type, 2023-2031
8.5.2. Middle East & Africa Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Additive-Type, 2023-2031
8.5.3. Middle East & Africa Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2023-2031
8.5.4. Middle East & Africa Advanced Recycling Technologies Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles


9.2.1. Solvay S.A.
9.2.2. Evonik Industries AG.
9.2.3. Colloids Ltd.
9.2.4. SABIC
9.2.5. Ensinger
9.2.6. L.Brueggemann GmbH & Co. KG
9.2.7. Americhem, Inc.
9.2.8. Colortech Inc.
9.2.9. Tosaf Compounds Ltd.
9.2.10. Arkema
9.2.11. BASF SE
9.2.12. 3M
9.2.13. SUQIAN UNITECH CORP., LTD.
9.2.14. Nouryon
9.2.15. Avient Corporation
9.2.16. Kemipex
9.2.17. Advanced Polymer Solutions, LLC
9.2.18. NEWOS GmbH
9.2.19. Ceramer GmbH
9.2.20. Karan Industrial Group
9.2.21. Other Prominent Players

Segmentation of Advanced Recycling Technologies Market-

Advanced Recycling Technologies Market By End User-

  • Food and Beverage Packaging
  • Non-Food Packaging
  • Consumer Electronics
  • Infrastructure and Construction
  • Automotive
  • Others

Advanced Recycling Technologies Market By Technology-

  • Pyrolysis/ Cracking
  • Gasification
  • Depolymerization
  • Microwave
  • Others

Advanced Recycling Technologies Market By Product Type-

  • Naphtha
  • Heavy Gas Oil
  • Wax Residue
  • Others

Advanced Recycling Technologies Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Advanced Recycling Technologies Market?

Advanced Recycling Technologies Market expected to grow at a 47.16% CAGR during the forecast period for 2023-2031

Agilyx, Stena Metall, Chevron Phillips Chemical Company LLC, Honeywell International Inc., Plastic Energy, Enerkem, Loop Industries, Inc., Gr3n Recycl

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