Global Chemical Recycling Market Research Report: Forecast (2024-2030)

Global Chemical Recycling Market Report - By Technology (Pyrolysis, (Non-catalytic, Catalytic), Gasification, Hydrothermal Treatment, Purification, Depolymerization, (Hydrolysis, Enzymolysis, Methanol... ... nzymolysis, Methanolysis, Glycolysis, Aminolysis)), By Product (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Polycarbonate, Others), By End User (Packaging, Automotive, Building & Construction, Electronics, Others), and Others Read more

  • Chemicals
  • Aug 2024
  • 176
  • PDF, Excel, PPT

Market Definition

Chemical recycling is a process of breaking down polymeric waste (mainly plastics) into molecular levels that is, by breaking down to their basic chemical constituents or plastic feedstock by involving multiple techniques such as pyrolysis, gasification, hydrothermal treatment, purification, and depolymerization, and turning them into raw materials for different products.

Market Insights & Analysis: Global Chemical Recycling Market (2024-30):

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. The huge growth potential in the market is primarily due to two factors, one is that the world is witnessing a large amount of plastic waste generation due to it being a versatile product that is used extensively across many industries. The second factor is the rising awareness of people and governments about the harmful environmental impact plastics have on the environment as they are dumped into landfills or incinerated causing huge CO2 emissions. These scenarios led governments across the globe to make a major policy change to implement regulations for adopting sustainable measures to recycle plastic waste effectively.

These developments provide a great growth opportunity for the chemical recycling industry as chemical recycling not only effectively disposes the plastic waste but also provides the basic ingredients of it which then can either be value-added to create different products or burned as fuel for energy. Additionally, through chemical recycling, we generate a high-quality output compared to other techniques available for plastic recycling, these high-quality outputs can substitute these virgin plastics.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 9.8%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: Saudi Arabia, The UAE, South Africa
Key Companies Profiled 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
Market Value (2024) USD 15.5 Billion

 

However, it comes with its challenges as well such as the implementation cost of chemical recycling is huge as for this not just the technology but also the extensive infrastructure development is needed. Also, while the quality of the output is significantly higher in chemical recycling than the other plastic recycling methods the process comes with a lower yield, hence chemical recycling should be done on scale for it to be economically viable. Also, the process consumes too much energy so unless it is not using renewable energy, the whole purpose will be counterproductive. But with further advancement in technologies and the fast adoption of renewable energy sources such challenges can be resolved. With the rising awareness of people about sustainable measures and the impact of plastics on the environment businesses and governments will be forced to support such innovative methods.

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.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Chemical Recycling Market Trends & Development
  5. Global Chemical Recycling Market Dynamics
    1. Drivers
    2. Challenges
  6. Global Chemical Recycling Market Value Chain
  7. Global Chemical Recycling Market Capital Expenditure Planned by Region 2024-2030
    1. North America
    2. South America
    3. Europe
    4. MEA
    5. Asia Pacific
  8. Global Chemical Recycling Market Regulations, Policies & Standards
  9. Global Chemical Recycling Market Hotspot & Opportunities
  10. Global Chemical Recycling Market Analysis, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (UDS Million)
      2. By Quantity Sold (Kilo Tons)
    2. Market Share & Analysis
      1. By Technology
        1. Pyrolysis- Market Size & Forecast 2019-2030, Kilo Tons
          1. Non-catalytic- Market Size & Forecast 2019-2030, Kilo Tons
          2. Catalytic- Market Size & Forecast 2019-2030, Kilo Tons
        2. Gasification- Market Size & Forecast 2019-2030, Kilo Tons
        3. Hydrothermal Treatment- Market Size & Forecast 2019-2030, Kilo Tons
        4. Purification- Market Size & Forecast 2019-2030, Kilo Tons
        5. Depolymerization- Market Size & Forecast 2019-2030, Kilo Tons
          1. Hydrolysis- Market Size & Forecast 2019-2030, Kilo Tons
          2. Enzymolysis- Market Size & Forecast 2019-2030, Kilo Tons
          3. Methanolysis- Market Size & Forecast 2019-2030, Kilo Tons
          4. Glycolysis- Market Size & Forecast 2019-2030, Kilo Tons
          5. Aminolysis- Market Size & Forecast 2019-2030, Kilo Tons
      2. By Product
        1. Polyethylene (PE) - Market Size & Forecast 2019-2030, Kilo Tons
        2. Polyethylene Terephthalate (PET) - Market Size & Forecast 2019-2030, Kilo Tons
        3. Polypropylene (PP) - Market Size & Forecast 2019-2030, Kilo Tons
        4. Polyvinyl Chloride (PVC) - Market Size & Forecast 2019-2030, Kilo Tons
        5. Polystyrene (PS) - Market Size & Forecast 2019-2030, Kilo Tons
        6. Polycarbonate- Market Size & Forecast 2019-2030, Kilo Tons
        7. Others- Market Size & Forecast 2019-2030, Kilo Tons
      3. By End User
        1. Packaging- Market Size & Forecast 2019-2030, Kilo Tons
        2. Automotive- Market Size & Forecast 2019-2030, Kilo Tons
        3. Building & Construction- Market Size & Forecast 2019-2030, Kilo Tons
        4. Electronics- Market Size & Forecast 2019-2030, Kilo Tons
        5. Others- Market Size & Forecast 2019-2030, Kilo Tons
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      5. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies
  11. North America Chemical Recycling Market Analysis, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (UDS Million)
      2. By Quantity Sold (Kilo Tons)
    2. Market Share & Analysis
      1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
      2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
      3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
    4. Canada Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
    5. Mexico Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
  12. South America Chemical Recycling Market Analysis, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (UDS Million)
      2. By Quantity Sold (Kilo Tons)
    2. Market Share & Analysis
      1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
      2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
      3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
    4. Argentina Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
  13. Europe Chemical Recycling Market Analysis, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (UDS Million)
      2. By Quantity Sold (Kilo Tons)
    2. Market Share & Analysis
      1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
      2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
      3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
      4. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
    4. The UK Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
    5. France Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
    6. Italy Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
    7. Spain Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
  14. Middle East & Africa Chemical Recycling Market Analysis, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (UDS Million)
      2. By Quantity Sold (Kilo Tons)
    2. Market Share & Analysis
      1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
      2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
      3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
      4. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
    3. Saudi Arabia Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
    4. UAE Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
    5. South Africa Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
  15. Asia Pacific Chemical Recycling Market Analysis, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (UDS Million)
      2. By Quantity Sold (Kilo Tons)
    2. Market Share & Analysis
      1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
      2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
      3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
      4. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
    3. China Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
    4. Japan Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
    5. India Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
    6. South Korea Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
    7. Australia Chemical Recycling Market Analysis, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (UDS Million)
        2. By Quantity Sold (Kilo Tons)
      2. Market Share & Analysis
        1. By Technology- Market Size & Forecast 2019-2030, Kilo Tons
        2. By Product- Market Size & Forecast 2019-2030, Kilo Tons
        3. By End User- Market Size & Forecast 2019-2030, Kilo Tons
  16. Global Chemical Recycling Market Strategic Imperatives for Success & Growth
  17. Competitive Outlook
    1. Company Profiles 
      1. Agilyx
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. BASF SE
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Eastman Chemical Company
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. JEPLAN, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Recycling Technologies
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Veolia Environment S.A.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. SABIC
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. LyondellBasell Industries Holdings B.V.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Plastic Energy
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Remondis
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Carbios
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Loop Industries
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. GFL Environmental Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Clean Harbours, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Neste
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Ioniqa Technologies
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      17. Borealis
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      18. Mura Technology
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      19. Sulzer Chemtech
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      20. Others
  18. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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