Press release -
Plastic Waste to Oil Market 2018: By Product, Application, Manufacturer, Sales and Segmentation - Infinium Global Research
The Infinium Global Research has announced the addition of the “Plastic Waste to Oil Market to 2024 – Global Analysis and Forecasts by Type and Product” to its research database.
The main objective of this report is to define, describe, and forecast the global “Plastic Waste to Oil” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
Huge production and the consumption of plastic across the world is the key driving factor of plastic waste to oil market
The huge production and the consumption of plastic across the world is the key driving factor of plastic waste to oil market. The generation of plastic waste is rising rapidly across the world that further creates a large number of un-recycled plastic. In addition, the growing use of oil produced from the plastic waste across the various domestic and industrial are likely to boot the growth of plastic waste to oil market. The oil produced from the plastic is used as industrial diesel, in the electricity production and in lubricant formations. Furthermore, the growing awareness about the use of plastic in the formation of usable oil and growing government’s inclination towards the waste plastic to oil production process contributes in the growth of global plastic waste to oil market.
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North America holds the maximum market share in the plastic waste to oil market
North America holds the maximum market share in the plastic waste to oil market and expected to remain dominant region over the forecast period. The strong government policies and increasing adoption of new technologies are the factors driving the growth of plastic waste to oil market in the North America Region. Furthermore, Asia Pacific is the fastest growing region in plastic waste to oil market owing to the high demand of fuel for transportation and industrial use and rising investments and adoption of oil production from the plastic waste.
P2O to resume recycling plastics into oil
In August 2018, recycling technology firm Plastics2Oil Inc. plans to restart limited production and sale of fuel products by processing used plastic film and oils. P2O was previously engaged in fuel production for commercial sale before shifting its business strategy in 2014 to licensing its P2O technology, officials with the Niagara Falls, N.Y.-based firm said in an Aug. 7 news release. P2O recently acquired additional debt financing of $250,000 from two of its directors for the restart of a unit in Niagara Falls. The company is excited about moving forward with [P2O] in implementing its breakthrough technology to leverage the substantial global market opportunity for plastic to fuel solutions.
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Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global plastic waste to oil market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of plastic waste to oil market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the plastic waste to oil market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the plastic waste to oil market to understand the present and future trends in this market and formulate their strategies accordingly.
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