Global Chemical Recycling Market Growth, Size & Forecast 2024-2030

The Global Chemical Recycling Market size is valued at around USD 15.5 billion in 2024 & is estimated to grow at a CAGR of around 9.8% during the forecast period, i.e., 2024-30.       

Global Chemical Recycling Market Driver:

Government Strict Regulations Driving Market Growth – The wider adoption of chemical recycling needs a necessary push from the stringent government regulations to meet the emission targets and mitigate the increasing plastic waste otherwise it will continue to get either dumped in landfills or incinerated, leading to massive pollution and CO2 emission. For instance,

·        In April 2024, the Geneva Environment Network a coordinated network of the United Nations Environment Programme highlighted that out of the total plastic waste produced in the world only about 9% gets recycled. The majority of the plastic waste about 50% ends up in landfills, 22% gets dumped into uncontrolled sites, and the remaining gets incinerated.

So, as the world is looking to tackle the phenomenon such as climate and global warming a policy shift towards sustainability and environmentally friendly approaches can create a scenario, presenting a massive growth opportunity for the Global Chemical Recycling Market over the forecasted period. At the 16th COP conference held in May 2023, the attending parties to the Basel Convention accepted the guidelines for proper plastic waste management. Such developments are anticipated to augment the size & volume of the chemical recycling industry in the coming years.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Chemical Recycling Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2023

-Historical Period: 2019 to 2022

-Forecast Period: 2024 to 2030

• By Technology
  • Pyrolysis- Market Size & Forecast 2019-2030, Kilo Tons
    • Non-catalytic- Market Size & Forecast 2019-2030, Kilo Tons
    • Catalytic- Market Size & Forecast 2019-2030, Kilo Tons
  • Gasification- Market Size & Forecast 2019-2030, Kilo Tons
  • Hydrothermal Treatment- Market Size & Forecast 2019-2030, Kilo Tons
  • Purification- Market Size & Forecast 2019-2030, Kilo Tons
  • Depolymerization- Market Size & Forecast 2019-2030, Kilo Tons
    • Hydrolysis- Market Size & Forecast 2019-2030, Kilo Tons
    • Enzymolysis- Market Size & Forecast 2019-2030, Kilo Tons
    • Methanolysis- Market Size & Forecast 2019-2030, Kilo Tons
    • Glycolysis- Market Size & Forecast 2019-2030, Kilo Tons
    • Aminolysis- Market Size & Forecast 2019-2030, Kilo Tons
• By Product
  • Polyethylene (PE) - Market Size & Forecast 2019-2030, Kilo Tons
  • Polyethylene Terephthalate (PET) - Market Size & Forecast 2019-2030, Kilo Tons
  • Polypropylene (PP) - Market Size & Forecast 2019-2030, Kilo Tons
  • Polyvinyl Chloride (PVC) - Market Size & Forecast 2019-2030, Kilo Tons
  • Polystyrene (PS) - Market Size & Forecast 2019-2030, Kilo Tons
  • Polycarbonate- Market Size & Forecast 2019-2030, Kilo Tons
  • Others- Market Size & Forecast 2019-2030, Kilo Tons
• By End User
  • Packaging- Market Size & Forecast 2019-2030, Kilo Tons
  • Automotive- Market Size & Forecast 2019-2030, Kilo Tons
  • Building & Construction- Market Size & Forecast 2019-2030, Kilo Tons
  • Electronics- Market Size & Forecast 2019-2030, Kilo Tons
  • Others- Market Size & Forecast 2019-2030, Kilo Tons
• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -  Agilyx, BASF SE, Eastman Chemical Company, JEPLAN, Inc., Recycling Technologies, Veolia Environment S.A., Loop Industries, Inc., Plastic Energy, Carbios, GFL Environmental Inc., Clean Harbours, Inc., Brightmark, and others

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