Recycled Plastic and Plastic Waste to Oil Pull Demand from Fuel Generation

San Francisco, California, May 22, 2017 : The global recycled plastic and plastic waste to oil market is prophesied to gain momentum from an increasing focus on novel waste-conversion technologies, according to a report by TMR Research. The report bears the title “Recycled Plastic and Plastic Waste to Oil Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” Besides the rising need for plastic waste reduction, in the coming years, the popularity of efficient and clean fuel generation with the engagement of plastic waste is expected to set the tone for a reliable growth in demand in the global recycled plastic and plastic waste to oil market.

An influx of new entrants in the worldwide recycled plastic and plastic waste to oil market is foreseen by the analysts on account of a snowballing awareness about the benefits of converting plastic waste to oil and recycled plastic. Prominent participants in the worldwide recycled plastic and plastic waste to oil market are envisioned to be advantaged by lucrative growth prospects with the advent of newer technologies and a strong focus on R&D activities. The growth in the worldwide recycled plastic and plastic waste to oil market could be accelerated on the back of promising government initiatives. Other key aspects that could fortify the demand in the worldwide recycled plastic and plastic waste to oil market include the accessibility to required funds and infrastructure.

Europe is envisaged to fetch attractive business opportunities in the world recycled plastic and plastic waste to oil market for players operating therein. The need to manage the mammoth amount of plastic debris invading municipal waste streams (MWS) in Europe could be a major growth factor for the regional recycled plastic and plastic waste to oil market. The U.S. companies that convert landfill-bound plastics or plastic debris to synthetic oil are predicted to gain traction as government initiatives to dismiss landfill disposal fees take shape across the country. Asia Pacific could be another rewarding recycled plastic and plastic waste to oil market which rides on the modernization of various plastic-to-fuel technologies.

African renewable energy firm, Alternative Energy Systems has recently cut the ribbon of the first commercial plastic waste to synthetic fuel oil conversion plant in Kenya. Funded by the Commercial Development Corporation (ICDC), the plant is capable of recycling an almost 16 tons of different plastic wastes, including thin-gauge plastic waste, on a daily basis.

The worldwide recycled plastic and plastic waste to oil market could witness the domination of key players such as Nexus Fuels, Clean Blue Technologies, Inc., Vadxx Energy LLC, Agilyx, Inc., and Cynar Plc.

Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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