Plastic Chemical Recycling Market Size and Revenue Impact Study 2024 to 2031

Report Id: 2635 Pages: 180 Last Updated: 22 December 2025 Format: PDF / PPT / Excel / Power BI
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Segmentation of Plastic Chemical Recycling Market -

Plastic Chemical Recycling Market -By Technology :

  • Pyrolysis-Based Recycling
    • Conventional Thermal Pyrolysis
    • Induction-Heated Pyrolysis
    • Catalytic Pyrolysis
  • Gasification
  • Dissolution / Solvent-Based Recycling
  • Depolymerization / Monomer Recovery
    • PET Depolymerization
    • Polyamide / Polyurethane Depolymerization
  • Hydrothermal / Supercritical Fluid Recycling
  • Plasma or Microwave-Assisted Chemical Recycling
  • Hybrid / Integrated

Plastic Chemical Recycling Market

Plastic Chemical Recycling Market -By Polymer Type:

  • Polyethylene (PE)
    • High-Density Polyethylene (HDPE)
    • Low-Density Polyethylene (LDPE)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Polyethylene Terephthalate (PET)
  • Polyvinyl Chloride (PVC)
  • Mixed / Multilayer Plastics
  • Engineering Plastics

Plastic Chemical Recycling Market -By Feedstock Source:

  • Post-Consumer Plastic Waste
  • Post-Industrial Plastic Waste
  • Municipal Solid Waste Plastics
  • Agricultural & Packaging Films
  • Mixed / Composite Plastic Waste

Plastic Chemical Recycling Market -By Output Product Type:

  • Monomers / Recovered Raw Chemicals
  • Synthetic Oils
  • Wax / Lubricants / Specialty Chemicals
  • Syngas / Hydrogen
  • Recycled Polymer Feedstock

Plastic Chemical Recycling Market -By Application / End-Use Industry:

  • Packaging (Food & Non-Food)
  • Automotive & Transportation
  • Construction Materials
  • Electrical & Electronics
  • Textiles & Fibers
  • Consumer Goods & Household Products
  • Others (Lubricants, Adhesives, Industrial Chemicals)

Plastic Chemical Recycling 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
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

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

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

Chapter 2.    Executive Summary

Chapter 3.    Global Plastic Chemical Recycling Market Snapshot

Chapter 4.    Global Plastic Chemical Recycling 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.    Porter's Five Forces Analysis
4.7.    Incremental Opportunity Analysis (US$ MN), 2025-2034  
4.8.    Global Plastic Chemical Recycling Market Penetration & Growth Prospect Mapping (US$ Mn), 2024-2034
4.9.    Competitive Landscape & Market Share Analysis, By Key Player (2024)
4.10.    Use/impact of AI on Plastic Chemical Recycling Market Industry Trends 

Chapter 5.    Plastic Chemical Recycling Market Segmentation 1: By Polymer Type, Estimates & Trend Analysis
5.1.    Market Share by Polymer Type, 2024 & 2034
5.2.    Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following Polymer Type:

5.2.1.    Polyethylene (PE)

5.2.1.1.    High-Density Polyethylene (HDPE)
5.2.1.2.    Low-Density Polyethylene (LDPE)

5.2.2.    Polypropylene (PP)
5.2.3.    Polystyrene (PS)
5.2.4.    Polyethylene Terephthalate (PET)
5.2.5.    Polyvinyl Chloride (PVC)
5.2.6.    Mixed / Multilayer Plastics
5.2.7.    Engineering Plastics 

Chapter 6.    Plastic Chemical Recycling Market Segmentation 2: By Technology, Estimates & Trend Analysis
6.1.    Market Share by Technology, 2024 & 2034
6.2.    Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following Technology:

6.2.1.    Pyrolysis-Based Recycling

6.2.1.1.    Conventional Thermal Pyrolysis
6.2.1.2.    Induction-Heated Pyrolysis 
6.2.1.3.    Catalytic Pyrolysis

6.2.2.    Gasification
6.2.3.    Dissolution / Solvent-Based Recycling
6.2.4.    Depolymerization / Monomer Recovery

6.2.4.1.    PET Depolymerization 
6.2.4.2.    Polyamide / Polyurethane Depolymerization

6.2.5.    Hydrothermal / Supercritical Fluid Recycling
6.2.6.    Plasma or Microwave-Assisted Chemical Recycling
6.2.7.    Hybrid / Integrated

Chapter 7.    Plastic Chemical Recycling Market Segmentation 3: By Feedstock Source , Estimates & Trend Analysis
7.1.    Market Share by Feedstock Source , 2024 & 2034
7.2.    Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following Feedstock Source :

7.2.1.    Post-Consumer Plastic Waste
7.2.2.    Post-Industrial Plastic Waste
7.2.3.    Municipal Solid Waste Plastics
7.2.4.    Agricultural & Packaging Films
7.2.5.    Mixed / Composite Plastic Waste

Chapter 8.    Plastic Chemical Recycling Market Segmentation 4: By Output Product Type, Estimates & Trend Analysis
8.1.    Market Share by Output Product Type, 2024 & 2034
8.2.    Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following Output Product Type:

8.2.1.    Monomers / Recovered Raw Chemicals
8.2.2.    Synthetic Oils 
8.2.3.    Wax / Lubricants / Specialty Chemicals
8.2.4.    Syngas / Hydrogen
8.2.5.    Recycled Polymer Feedstock 

Chapter 9.    Plastic Chemical Recycling Market Segmentation 5: By Application / End-Use Industry, Estimates & Trend Analysis
9.1.    Market Share by Application / End-Use Industry, 2024 & 2034
9.2.    Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following Application / End-Use Industry:

9.2.1.    Packaging (Food & Non-Food)
9.2.2.    Automotive & Transportation
9.2.3.    Construction Materials
9.2.4.    Electrical & Electronics
9.2.5.    Textiles & Fibers
9.2.6.    Consumer Goods & Household Products
9.2.7.    Others (Lubricants, Adhesives, Industrial Chemicals)

Chapter 10.    Plastic Chemical Recycling Market Segmentation 6: Regional Estimates & Trend Analysis
10.1.    Global Plastic Chemical Recycling Market, Regional Snapshot 2024 & 2034
10.2.    North America

10.2.1.    North America Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034

10.2.1.1.    US
10.2.1.2.    Canada

10.2.2.    North America Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Polymer Type, 2021-2034
10.2.3.    North America Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
10.2.4.    North America Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Feedstock Source , 2021-2034
10.2.5.    North America Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Output Product Type, 2021-2034
10.2.6.    North America Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Application / End-Use Industry, 2021-2034

10.3.    Europe

10.3.1.    Europe Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034

10.3.1.1.    Germany
10.3.1.2.    U.K.
10.3.1.3.    France
10.3.1.4.    Italy
10.3.1.5.    Spain
10.3.1.6.    Rest of Europe

10.3.2.    Europe Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Polymer Type, 2021-2034
10.3.3.    Europe Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
10.3.4.    Europe Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Feedstock Source , 2021-2034
10.3.5.    Europe Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Output Product Type, 2021-2034
10.3.6.    Europe Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Application / End-Use Industry, 2021-2034

10.4.    Asia Pacific

10.4.1.    Asia Pacific Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034

10.4.1.1.    India 
10.4.1.2.    China
10.4.1.3.    Japan
10.4.1.4.    Australia
10.4.1.5.    South Korea
10.4.1.6.    Hong Kong
10.4.1.7.    Southeast Asia
10.4.1.8.    Rest of Asia Pacific

10.4.2.    Asia Pacific Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Polymer Type, 2021-2034
10.4.3.    Asia Pacific Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
10.4.4.    Asia Pacific Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Feedstock Source , 2021-2034
10.4.5.    Asia Pacific Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts By Output Product Type, 2021-2034
10.4.6.    Asia Pacific Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Application / End-Use Industry, 2021-2034

10.5.    Latin America

10.5.1.    Latin America Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034

10.5.1.1.    Brazil
10.5.1.2.    Mexico
10.5.1.3.    Rest of Latin America

10.5.2.    Latin America Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Polymer Type, 2021-2034
10.5.3.    Latin America Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
10.5.4.    Latin America Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Feedstock Source , 2021-2034
10.5.5.    Latin America Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Output Product Type, 2021-2034
10.5.6.    Latin America Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Application / End-Use Industry, 2021-2034

10.6.    Middle East & Africa

10.6.1.    Middle East & Africa Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034

10.6.1.1.    GCC Countries
10.6.1.2.    Israel
10.6.1.3.    South Africa
10.6.1.4.    Rest of Middle East and Africa

10.6.2.    Middle East & Africa Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Polymer Type, 2021-2034
10.6.3.    Middle East & Africa Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
10.6.4.    Middle East & Africa Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Feedstock Source , 2021-2034
10.6.5.    Middle East & Africa Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Output Product Type, 2021-2034
10.6.6.    Middle East & Africa Plastic Chemical Recycling Market Revenue (US$ Million) Estimates and Forecasts by Application / End-Use Industry, 2021-2034

Chapter 11.    Competitive Landscape
11.1.    Major Mergers and Acquisitions/Strategic Alliances
11.2.    Company Profiles
 

11.2.1.    Recuro

11.2.1.1.    Business Overview
11.2.1.2.    Key Product/Service 
11.2.1.3.    Financial Performance
11.2.1.4.    Geographical Presence
11.2.1.5.    Recent Developments with Business Strategy

11.2.2.    Agilyx
11.2.3.    Plastic Energy
11.2.4.    Quantafuel
11.2.5.    Nexus Circular
11.2.6.    Alterra Energy
11.2.7.    New Hope Energy
11.2.8.    Brightmark
11.2.9.    Freepoint Eco-Systems
11.2.10.    Encina
11.2.11.    BlueAlp 
11.2.12.    OMV 
11.2.13.    Recycling Technologies 
11.2.14.    Greenback Recycling Technologies
11.2.15.    ReOil Hungaria 
11.2.16.    Resynergi 
11.2.17.    Klean Industries
11.2.18.    BioBTX 
11.2.19.    Plastic2Oil / JBI 
11.2.20.    ReNewlogy 
11.2.21.    Integrated Green Energy (IGE)
11.2.22.    Quantafuel Skive 
11.2.23.    Argelec 
11.2.24.    Orlen Unipetrol 
11.2.25.    Qenersys / QuantaFuel 
 

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

Plastic Chemical Recycling Market Size is valued at 10.1 Bn in 2023 and is predicted to reach 66.0 Bn by the year 2031

Plastic Chemical Recycling Market is expected to grow at an 27.4% CAGR during the forecast period for 2025 to 2034.

Recuro, Agilyx, Plastic Energy, Quantafuel, Nexus Circular, Alterra Energy, New Hope Energy, Brightmark, Freepoint Eco-Systems, Encina, BlueAlp, OMV, Recycling Technologies, Greenback Recycling Technologies, ReOil Hungaria, Resynergi, Klean Industries, BioBTX, Plastic2Oil / JBI, ReNewlogy, Integrated Green Energy (IGE), Quantafuel Skive, Argelec, Orlen Unipetrol, Qenersys / QuantaFuel

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