Europe Rubber Derived Unrefined Pyrolysis Oil Market Strikingat 5.5% CAGR During2022-2032 | Future Market Insights, Inc.

Growing need to reduce carbon footprint, sustainability concerns, and circular economy strtaegies by key players are some of the key factors boosting the market. Further, utilization of waste for oil production is also anticipated to increase the demand in the market


NEWARK, Del, June 30, 2022 (GLOBE NEWSWIRE) -- The rubber derived unrefined pyrolysis oil market in Europe is estimated to be valued at around US$ 7,132.3 Th by the end of 2022, registering Y-o-Y growth of 5.1%. Sales of rubber derived unrefined pyrolysis oil are projected to increase at a healthy CAGR of 5.5% and top a valuation of US$ 12,202.5 Th by 2032.

Demand for rubber derived unrefined pyrolysis oil is anticipated to witness a CAGR of 5.5% in Europe market, opines Future Market Insights (FMI). Increase in government initiatives to decrease the utilization of crude oil derived products to reduce the carbon footprint is expected to drive the market.

Further, rising investment in waste management system including converting waste like tires into hydrocarbon-based products are expected to fuel the demand for rubber derived unrefined pyrolysis oil.

Since waste tire are significantly accumulated in the landfills, key players are witnessing significant opportunities to convert the waste tires to oil through pyrolysis process. Hence, several market participants are making investment backed by government subsidies and incentives for production of oil from waste materials to minimize the waste.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15107

Growing investment by private and public firms to develop pyrolysis process for the conversion of waste products to usable fuel is expected to provide significant growth opportunity for the market of rubber derived unrefined pyrolysis oil,” says an FMI analyst.

Key Takeaways:

  • The rubber derived unrefined pyrolysis oil market in Europe is forecast to reach a value of US$ 12,202.5 Th by the end of the forecast period.
  • Germany, France and the U.K. to create about two-fifth of the overall revenue generated in the Europe market.
  • Fast pyrolysis production process to create an incremental $ opportunity of US$ 2,846.1 Th in between the period of 2022 and 2032.
  • Demand for rubber derived unrefined pyrolysis oil as automotive fuel is anticipated to grow with a growth rate of about 5.8% over the forecast period.

Ask Our Analyst More about Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-15107

Competitive Landscape

SABIC, Fortum Oyj, Twence B.V., Green Fuel Nordic Corporation, Quantafuel AS, Kartepe Endüstriyel Geri Dönüşüm SAN. ve TİC. A.Ş., Pyrum Innovations AG, Tasnee and many others are the some of the manufacturers of rubber derived unrefined pyrolysis oil profiled in the full version of the report.

Key players are investing a significant amount for technology development for the production of oil from various types of waste through pyrolysis process. Prominent manufacturers are entering into the business owing to significant opportunities in the market and are investing in capacity expansion, setting up of production facilities and are collaborating with small and medium size players to enter into the untapped markets.

For instance,

  • BASF had announced an investment plant of about 16 million euros in 2020, collaborating with Pyrum Innovations AG for setting up of production unit for pyrolysis oil manufacturing through tires.

More insights into the rubber derived unrefined pyrolysis oil market report

In its latest report, FMI offers an unbiased analysis of the Europe rubber derived unrefined pyrolysis oil market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on production process, end-use, and country.

Rubber Derived Unrefined Pyrolysis Oil Market Segmentation

By Production Process:

  • Slow Pyrolysis
  • Fast Pyrolysis
  • Flash Pyrolysis

By End Use:

  • Heat & Power
    • Boilers
    • Gas Turbine
    • Diesel Engines
  • Automotive Fuels

By Country:

  • Germany
  • France
  • U.K.
  • Italy
  • Rest of Europe

Table of Content

1. Executive Summary

1.1. Europe Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

Request a Complete TOC of this Report with figures 

Explore FMI’s Extensive Ongoing Coverage on Chemicals & Materials Domain

Urea Formaldehyde Market Size: Global Urea Formaldehyde demand is anticipated to be valued at US$ 11.7 Billion in 2022, forecast to grow at a CAGR of 4.2% to be valued at US$ 17.8 Billion from as of 2032.

Flexible Batteries Market Share: Global Flexible Batteries demand is anticipated to be valued at US$ 152.49 Million in 2022, forecast to grow at a CAGR of 25%to be valued at US$ 1,420 Million from 2022 to 2032.

Profenofos Market Forecast: Global Profenofos demand is anticipated to be valued at US$ 1.22 Billion in 2022, forecast to grow at a CAGR of 5%to be valued at US$ 8.8 Billion from 2022 to 2032.

Anti-Static Fibres Market Trend: The global anti-static fibres market is expected to grow at an impressive rate until 2032.

Glass Additives Market Volume: Global demand for glass additives was valued at US$ 1.3 Billion in 2021, and is likely to reach a value of US$ 1.4 Billion by the end of 2022

Flexible Colored PU Foams Market Analysis: Global Flexible Colored PU Foams demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5% to be valued at US$ 8.8 Billion from 2022 to 2032.

Calcium Ammonium Nitrate Market Demand: The calcium ammonium nitrate market is expected to grow at a CAGR of 3.5% during the forecast period ranging from 2022 to 2032.

Butyraldehyde Market Outlook: The butyraldehyde is expected to grow at a CAGR of more than 6%. The market is expected to be valued at US$ 200 Million in 2022, and is expected to reach a value of US$ 360 Million.

Europium Market Growth: The global europium market was valued at over US$ 210 Million as of 2021, and is expected to reach US$ 225 Million by 2022

Phosphorus Pentasulfide Market Sales: Global phosphorus pentasulfide demand is anticipated to be valued at US$ 442 Million in 2022, forecast to grow at a CAGR of 4% to be valued at US$ 654.25 Million from 2022 to 2032.

About Us   

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.  

Contact: 
Future Market Insights Inc.  
Christiana Corporate, 200 Continental Drive, 
Suite 401, Newark, Delaware - 19713, USA   
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/europe-rubber-derived-unrefined-pyrolysis-oil-market
For Sales Enquiries: sales@futuremarketinsights.com    
Browse Other Reports: https://www.futuremarketinsights.com/reports  
LinkedIn| Twitter| Blogs 

Chemicals & Materials