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Recycled Plastic and Plastic Waste to Oil global market

Recycled Plastic and Plastic Waste to Oil global market

Global Recycled Plastic and Plastic Waste to Oil Market Research Report 2025

This report on the global recycled plastic and plastic waste to oil market research report 2025 offers a comprehensive analysis of market size, growth drivers, emerg

Pages: 210

Format: PDF

Date: 12-2025

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Chem Reports – Global Recycled Plastic and Plastic Waste to Oil Market Forecast

Market Outlook
The Recycled Plastic and Plastic Waste to Oil market was valued at USD xxxx million in 2024 and is projected to reach USD xxxx million by 2035, expanding at a CAGR of xx% globally.

Market Overview

The Global Recycled Plastic and Plastic Waste to Oil Market Report 2020 provides an in-depth industry analysis of development drivers, patterns, flows, and market size. Historical and current market values are assessed to forecast growth potential for the period 2025–2035.

This study integrates both primary and secondary research, examining:

  • Government policies and regulatory frameworks
  • Market environment and competitive dynamics
  • Historical data and current trends
  • Technological innovations and upcoming advancements
  • Progress in related industries

Impact of COVID-19

The COVID-19 outbreak in late 2019, declared a global public health emergency by the WHO, significantly disrupted the market in 2020. Supply chain interruptions, reduced industrial activity, and operational challenges affected demand, though recovery trends are now evident.

Market Segmentation

By Type

  • Diesel
  • Gasoline
  • Others

By Application

  • Chemical Plants
  • Waste Treatment Plants
  • Others

Regional Analysis

  • North America: U.S., Canada, Mexico
  • Europe: Germany, U.K., France, Italy, Russia, Spain, others
  • Asia-Pacific: China, India, Japan, Southeast Asia
  • South America: Brazil, Argentina
  • Middle East & Africa: Saudi Arabia, South Africa, others

Key Players

  • Vadaxx Energy
  • Nexus Fuels
  • Plastic2Oil
  • Agilyx
  • MK Aromatics Limited
  • Northwood Exploration Israel Limited
  • RES Polyflow
  • Plastic Advanced Recycling Corporation
  • OMV Aktiengesellschaft
  • Niutech
  • Agile Process Chemicals LLP
  • Plastic Energy

Regional analysis

  • North America: Strong policy support for advanced recycling, growing offtake agreements with petrochemical firms, and access to venture funding; permitting complexity remains a hurdle.
  • Europe: Leading in mandates for recycled content and chemical recycling pilots; stringent sustainability criteria and mass balance accounting drive premium offtake but raise compliance costs.
  • Asia-Pacific: High plastic waste generation and supportive industrial policy in China, India, Japan; rapid scale-up potential with local partnerships and modular plants near waste hubs.
  • South America: Early-stage adoption; Brazil shows promise through waste-to-fuel initiatives and municipal collaborations; financing and feedstock logistics are key challenges.
  • Middle East & Africa: Momentum tied to petrochemical integration and waste management modernization; GCC countries exploring circular feedstock for refineries; infrastructure gaps in Africa.

Detailed segmentation analysis

By type

  • Diesel: Primary output from pyrolysis; favored for industrial use and marine/off-road blends due to sulfur and cetane profiles after upgrading.
  • Gasoline: Smaller yield; requires more intensive refining to meet commercial specifications; niche local use or blending.
  • Others:
  • Naphtha: High-value petrochemical feedstock for steam crackers and circular polymers.
  • Fuel oil/waxes: Industrial boilers, cement kilns, or specialty wax applications depending on process control.

By application

  • Chemical plant:
    • Feedstock substitution: Circular naphtha back into crackers via mass balance.
    • Refinery integration: Co-processing in hydrocrackers/hydrotreaters.
  • Waste treatment plant:
    • Onsite valorization: Decentralized pyrolysis units near MRFs/landfills to reduce transport costs.
  • Others:
  • Independent recyclers: Merchant producers selling upgraded oil.
  • Municipal/PPP models: Public-private setups for city-scale diversion targets.

Porter’s Five Forces

  1. Competitive rivalry — High: Multiple technology providers (pyrolysis, depolymerization) and petrochemical tie-ins; differentiation via yield, contaminant tolerance, and offtake security.
  2. Threat of new entrants — Moderate: Plant CAPEX, permitting, and offtake certification form barriers; modular units lower entry threshold.
  3. Supplier power — Moderate to high: Consistent, sorted feedstock is scarce; MRFs and municipal contracts can command pricing and long tenors.
  4. Buyer power — High: Petrochemical and refinery buyers require quality, certification, and volume reliability; long-term contracts favor buyers.
  5. Threat of substitutes — Moderate: Mechanical recycling, bio-based feedstocks, and virgin petrochemicals compete; policy incentives tilt advantage toward circular oil in some regions.

SWOT

Strengths

  • Thermal/chemical routes handle mixed, contaminated plastics better than mechanical methods.
  • Integration with refineries/petrochemicals enables scale and market access.

Weaknesses

  • Product upgrading costs to meet diesel/gasoline specs.
  • Feedstock variability impacts yield and quality; sorting needs investment.

Opportunities

  • Circular naphtha into crackers under mass balance to meet recycled content mandates.
  • Decentralized modular plants reduce logistics and unlock regional waste streams.

Threats

  • Regulatory scrutiny on emissions, residues, and “recycled” claims.
  • Market volatility in oil prices and policy shifts affecting economics.

Trend analysis

  • Scale-up via petrochemical partnerships: Long-term offtake and mass balance certification becoming standard.
  • Modular, distributed pyrolysis: Smaller plants close to waste sources cut transport and improve economics.
  • Quality upgrading focus: Hydrotreating and dechlorination to meet cracker/refinery specifications.
  • Data and traceability: Digital chain-of-custody for recycled content claims across regions.
  • Policy-driven pull: Extended Producer Responsibility and recycled content targets expanding demand, especially for circular polymers.

Drivers & challenges

Drivers

  • Mandated recycled content in packaging and polymers.
  • Landfill bans and EPR fees increasing the value of diversion.
  • Corporate net-zero and circular commitments pulling certified feedstock.
  • Technology maturation improving yields and contaminant tolerance.

Challenges

  • Permitting and community acceptance due to concerns over emissions.
  • Feedstock contracting and sorting quality determining economics.
  • CAPEX intensity and financing requiring bankable offtake.
  • Standards and certification harmonization across regions for mass balance claims.

Value chain analysis

  • Feedstock sourcing: Municipal solid waste, MRF residue, commercial plastics; contracts with cities and waste managers.
  • Pre-processing: Sorting, shredding, decontamination (PVC/chlorine removal), drying.
  • Conversion technology: Pyrolysis/thermal cracking, catalytic upgrading; process control for yield distribution.
  • Upgrading and certification: Hydrotreating, distillation, dechlorination; ISCC+/mass balance certification.
  • Offtake and integration:
    • Refineries: Co-processing into transport fuels.
    • Petrochemicals: Circular naphtha to steam crackers for polymers.
  • Distribution and end-use: Fuel blending, polymer production with recycled claims, industrial energy applications.

Quick recommendations for stakeholders

  • Technology providers:
    • Prioritize contaminant management: Robust dechlorination and char handling to protect catalysts and meet specs.
    • Offer modular units with guaranteed yields: Reduce deployment risk and speed permitting.
  • Petrochemical/refiners:
    • Secure multi-year offtake with mass balance certification: Lock circular naphtha and diversify feedstocks.
    • Invest in upgrading capacity: Hydrotreating tailored to pyrolysis oil impurities.
  • Waste managers/municipalities:
    • Structure feedstock contracts with quality KPIs: Incentivize sorting improvements; colocate plants at MRFs.
    • Leverage PPP models: Share CAPEX risk and meet diversion targets.
  • Brands and converters:
    • Commit to certified circular content: Create demand signals and premium pricing.
    • Align specifications with supply realities: Material grades that accommodate circular inputs.
  • Investors:
  • Back platforms with secured feedstock and offtake: Bankability hinges on both ends.
  • Focus on regions with supportive policy: Europe, select U.S. states, Japan, and India urban clusters.

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1. Market Overview of Recycled Plastic and Plastic Waste to Oil Market
    1.1 Recycled Plastic and Plastic Waste to Oil Market Market Overview
        1.1.1 Recycled Plastic and Plastic Waste to Oil Market Product Scope
        1.1.2 Market Status and Outlook
    1.2 Recycled Plastic and Plastic Waste to Oil Market Market Size by Regions:
    1.3 Recycled Plastic and Plastic Waste to Oil Market Historic Market Size by Regions
    1.4 Recycled Plastic and Plastic Waste to Oil Market Forecasted Market Size by Regions
    1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
        1.5.1 North America
        1.5.2 East Asia
        1.5.3 Europe
        1.5.4 South Asia
        1.5.5 Southeast Asia
        1.5.6 Middle East
        1.5.7 Africa
        1.5.8 Oceania
        1.5.9 South America
        1.5.10 Rest of the World
    1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
        1.6.1 Covid-19 Impact: Global GDP Growth,  Projections
        1.6.2 Covid-19 Impact: Commodity Prices Indices
        1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Recycled Plastic and Plastic Waste to Oil Market Sales Market by Type
    2.1 Global Recycled Plastic and Plastic Waste to Oil Market Historic Market Size by Type
    2.2 Global Recycled Plastic and Plastic Waste to Oil Market Forecasted Market Size by Type
    2.3 Diesel
    2.4 Gasoline
    2.5 Others
3. Covid-19 Impact Recycled Plastic and Plastic Waste to Oil Market Sales Market by Application
    3.1 Global Recycled Plastic and Plastic Waste to Oil Market Historic Market Size by Application
    3.2 Global Recycled Plastic and Plastic Waste to Oil Market Forecasted Market Size by Application
    3.3 Chemical Plant
    3.4 Waste Treatment Plant
    3.5 Others
4. Covid-19 Impact Market Competition by Manufacturers
    4.1 Global Recycled Plastic and Plastic Waste to Oil Market Production Capacity Market Share by Manufacturers
    4.2 Global Recycled Plastic and Plastic Waste to Oil Market Revenue Market Share by Manufacturers
    4.3 Global Recycled Plastic and Plastic Waste to Oil Market Average Price by Manufacturers
5. Company Profiles and Key Figures in Recycled Plastic and Plastic Waste to Oil Market Business
    5.1 Vadaxx Energy
        5.1.1 Vadaxx Energy Company Profile
        5.1.2 Vadaxx Energy Recycled Plastic and Plastic Waste to Oil Market Product Specification
        5.1.3 Vadaxx Energy Recycled Plastic and Plastic Waste to Oil Market Production Capacity, Revenue, Price and Gross Margin
    5.2 Nexus Fuels
        5.2.1 Nexus Fuels Company Profile
        5.2.2 Nexus Fuels Recycled Plastic and Plastic Waste to Oil Market Product Specification
        5.2.3 Nexus Fuels Recycled Plastic and Plastic Waste to Oil Market Production Capacity, Revenue, Price and Gross Margin
    5.3 Plastic2Oil
        5.3.1 Plastic2Oil Company Profile
        5.3.2 Plastic2Oil Recycled Plastic and Plastic Waste to Oil Market Product Specification
        5.3.3 Plastic2Oil Recycled Plastic and Plastic Waste to Oil Market Production Capacity, Revenue, Price and Gross Margin
    5.4 Agilyx
        5.4.1 Agilyx Company Profile
        5.4.2 Agilyx Recycled Plastic and Plastic Waste to Oil Market Product Specification
        5.4.3 Agilyx Recycled Plastic and Plastic Waste to Oil Market Production Capacity, Revenue, Price and Gross Margin
    5.5 MK Aromatics Limited
        5.5.1 MK Aromatics Limited Company Profile
        5.5.2 MK Aromatics Limited Recycled Plastic and Plastic Waste to Oil Market Product Specification
        5.5.3 MK Aromatics Limited Recycled Plastic and Plastic Waste to Oil Market Production Capacity, Revenue, Price and Gross Margin
    5.6 Northwood Exploration Israel Limited
        5.6.1 Northwood Exploration Israel Limited Company Profile
        5.6.2 Northwood Exploration Israel Limited Recycled Plastic and Plastic Waste to Oil Market Product Specification
        5.6.3 Northwood Exploration Israel Limited Recycled Plastic and Plastic Waste to Oil Market Production Capacity, Revenue, Price and Gross Margin
    5.7 RES POLYFLOW
        5.7.1 RES POLYFLOW Company Profile
        5.7.2 RES POLYFLOW Recycled Plastic and Plastic Waste to Oil Market Product Specification
        5.7.3 RES POLYFLOW Recycled Plastic and Plastic Waste to Oil Market Production Capacity, Revenue, Price and Gross Margin
    5.8 Plastic Advanced Recycling Corporation
        5.8.1 Plastic Advanced Recycling Corporation Company Profile
        5.8.2 Plastic Advanced Recycling Corporation Recycled Plastic and Plastic Waste to Oil Market Product Specification
        5.8.3 Plastic Advanced Recycling Corporation Recycled Plastic and Plastic Waste to Oil Market Production Capacity, Revenue, Price and Gross Margin
    5.9 OMV Aktiengesellschaft
        5.9.1 OMV Aktiengesellschaft Company Profile
        5.9.2 OMV Aktiengesellschaft Recycled Plastic and Plastic Waste to Oil Market Product Specification
        5.9.3 OMV Aktiengesellschaft Recycled Plastic and Plastic Waste to Oil Market Production Capacity, Revenue, Price and Gross Margin
    5.10 Niutech
        5.10.1 Niutech Company Profile
        5.10.2 Niutech Recycled Plastic and Plastic Waste to Oil Market Product Specification
        5.10.3 Niutech Recycled Plastic and Plastic Waste to Oil Market Production Capacity, Revenue, Price and Gross Margin
    5.11 Agile Process Chemicals LLP
        5.11.1 Agile Process Chemicals LLP Company Profile
        5.11.2 Agile Process Chemicals LLP Recycled Plastic and Plastic Waste to Oil Market Product Specification
        5.11.3 Agile Process Chemicals LLP Recycled Plastic and Plastic Waste to Oil Market Production Capacity, Revenue, Price and Gross Margin
    5.12 PLASTIC ENERGY
        5.12.1 PLASTIC ENERGY Company Profile
        5.12.2 PLASTIC ENERGY Recycled Plastic and Plastic Waste to Oil Market Product Specification
        5.12.3 PLASTIC ENERGY Recycled Plastic and Plastic Waste to Oil Market Production Capacity, Revenue, Price and Gross Margin
6. North America
    6.1 North America Recycled Plastic and Plastic Waste to Oil Market Market Size
    6.2 North America Recycled Plastic and Plastic Waste to Oil Market Key Players in North America
    6.3 North America Recycled Plastic and Plastic Waste to Oil Market Market Size by Type
    6.4 North America Recycled Plastic and Plastic Waste to Oil Market Market Size by Application
7. East Asia
    7.1 East Asia Recycled Plastic and Plastic Waste to Oil Market Market Size
    7.2 East Asia Recycled Plastic and Plastic Waste to Oil Market Key Players in North America
    7.3 East Asia Recycled Plastic and Plastic Waste to Oil Market Market Size by Type
    7.4 East Asia Recycled Plastic and Plastic Waste to Oil Market Market Size by Application
8. Europe
    8.1 Europe Recycled Plastic and Plastic Waste to Oil Market Market Size
    8.2 Europe Recycled Plastic and Plastic Waste to Oil Market Key Players in North America
    8.3 Europe Recycled Plastic and Plastic Waste to Oil Market Market Size by Type
    8.4 Europe Recycled Plastic and Plastic Waste to Oil Market Market Size by Application
9. South Asia
    9.1 South Asia Recycled Plastic and Plastic Waste to Oil Market Market Size
    9.2 South Asia Recycled Plastic and Plastic Waste to Oil Market Key Players in North America
    9.3 South Asia Recycled Plastic and Plastic Waste to Oil Market Market Size by Type
    9.4 South Asia Recycled Plastic and Plastic Waste to Oil Market Market Size by Application
10. Southeast Asia
    10.1 Southeast Asia Recycled Plastic and Plastic Waste to Oil Market Market Size
    10.2 Southeast Asia Recycled Plastic and Plastic Waste to Oil Market Key Players in North America
    10.3 Southeast Asia Recycled Plastic and Plastic Waste to Oil Market Market Size by Type
    10.4 Southeast Asia Recycled Plastic and Plastic Waste to Oil Market Market Size by Application
11. Middle East
    11.1 Middle East Recycled Plastic and Plastic Waste to Oil Market Market Size
    11.2 Middle East Recycled Plastic and Plastic Waste to Oil Market Key Players in North America
    11.3 Middle East Recycled Plastic and Plastic Waste to Oil Market Market Size by Type
    11.4 Middle East Recycled Plastic and Plastic Waste to Oil Market Market Size by Application
12. Africa
    12.1 Africa Recycled Plastic and Plastic Waste to Oil Market Market Size
    12.2 Africa Recycled Plastic and Plastic Waste to Oil Market Key Players in North America
    12.3 Africa Recycled Plastic and Plastic Waste to Oil Market Market Size by Type
    12.4 Africa Recycled Plastic and Plastic Waste to Oil Market Market Size by Application
13. Oceania
    13.1 Oceania Recycled Plastic and Plastic Waste to Oil Market Market Size
    13.2 Oceania Recycled Plastic and Plastic Waste to Oil Market Key Players in North America
    13.3 Oceania Recycled Plastic and Plastic Waste to Oil Market Market Size by Type
    13.4 Oceania Recycled Plastic and Plastic Waste to Oil Market Market Size by Application
14. South America
    14.1 South America Recycled Plastic and Plastic Waste to Oil Market Market Size
    14.2 South America Recycled Plastic and Plastic Waste to Oil Market Key Players in North America
    14.3 South America Recycled Plastic and Plastic Waste to Oil Market Market Size by Type
    14.4 South America Recycled Plastic and Plastic Waste to Oil Market Market Size by Application
15. Rest of the World
    15.1 Rest of the World Recycled Plastic and Plastic Waste to Oil Market Market Size
    15.2 Rest of the World Recycled Plastic and Plastic Waste to Oil Market Key Players in North America
    15.3 Rest of the World Recycled Plastic and Plastic Waste to Oil Market Market Size by Type
    15.4 Rest of the World Recycled Plastic and Plastic Waste to Oil Market Market Size by Application
16 Recycled Plastic and Plastic Waste to Oil Market Market Dynamics
    16.1 Covid-19 Impact Market Top Trends
    16.2 Covid-19 Impact Market Drivers
    16.3 Covid-19 Impact Market Challenges
    16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
    18.1 Research Methodology
        18.1.1 Methodology/Research Approach
        18.1.2 Data Source
    18.2 Disclaimer

Market Segmentation

By Type

  • Diesel
  • Gasoline
  • Others

By Application

  • Chemical Plants
  • Waste Treatment Plants
  • Others

Regional Analysis

  • North America: U.S., Canada, Mexico
  • Europe: Germany, U.K., France, Italy, Russia, Spain, others
  • Asia-Pacific: China, India, Japan, Southeast Asia
  • South America: Brazil, Argentina
  • Middle East & Africa: Saudi Arabia, South Africa, others

Key Players

  • Vadaxx Energy
  • Nexus Fuels
  • Plastic2Oil
  • Agilyx
  • MK Aromatics Limited
  • Northwood Exploration Israel Limited
  • RES Polyflow
  • Plastic Advanced Recycling Corporation
  • OMV Aktiengesellschaft
  • Niutech
  • Agile Process Chemicals LLP
  • Plastic Energy

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