Global Pyrolysis Oil Market was valued at USD 315.69 million in 2021 and is expected to reach USD 448.95 million by 2029, registering a CAGR of 4.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market research analysis data included in this report lend a hand to businesses for planning of strategies related to investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. What's more, Pyrolysis Oil Market report presents the data and information for actionable, most recent and real-time market insights which makes it easier to even take critical business decisions.
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There has been rising environmental concerns and rapid depletion of fossil fuel supplies due to which the energy sector is progressively shifting toward a more sustainable and efficient path. Pyrolysis oil has the potential to be a viable alternative to diesel in compression ignition engines. This could further boost demand for the pyrolysis oil market. In addition to this, the market players are focused on alternative fuel resources in order to lessen reliance on a single energy source and use a variety of renewable energy sources. These factors will further fuel the consumption and adoption of pyrolysis oil globally, thus aiding the market growth even during the forecast period.
Pyrolysis oil refers to a liquid substance obtained in pyrolysis process and subsequent cooling which is a synthetic fuel manufactured as a substitute for petroleum. The product, also known as biocrude or bio-oil, is a complex blend of molecules generally comprising more than 200 different compounds resulting from the depolymerisation of products treated in pyrolysis. This is one of the prominent sources of bio-chemicals and renewable compounds catering various industries.
Market Scope and Size:
The pyrolysis oil market is segmented on the basis of fuel, feedstock, process, raw material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
• Fuel Oil
• Lignocellulosic Biomass
• Fast Pyrolysis
• Flash Pyrolysis
• Waste Plastic
• Waste Tire
• Waste Rubber
• Oil Sludge
Country Level Analysis:
The countries covered in the pyrolysis oil market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Some of the major players operating in the pyrolysis oil market are
• Agile Process Chemicals LLP (India)
• Klean Industries (Canada)
• BTG Biomass Technology Group (Netherlands)
• Trident Limited, India (India)
• Pyro-Oil Nig. Ltd. (Nigeria)
• Setra Systems (U.S.)
• Agilyx, Inc (U.S.)
• Alterra Mountain Company (U.S.)
• P2O® Technology (U.S.)
• Nexus Circular (U.S.)
• Plastic Advanced Recycling Corp. (U.S.)
• Brightmark LLC (U.S.)
• OMV Aktiengesellschaft (Austria)
• Niutech Environment Technology Corporation (China)
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TABLE OF CONTENTS:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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