Global Advanced Chemical Recycling Market to Transform Plastic Recycling Industry by 2040, Driven by Increasing Capacity and Technological Innovations and Enhanced Sustainability and Value

Dublin, April 30, 2024 (GLOBE NEWSWIRE) -- The "The Global Market for Advanced Chemical Recycling 2024-2040" report has been added to's offering.

Global Advanced Chemical Recycling Market to Transform Plastic Recycling Industry by 2040

Increasing Capacity and Technological Innovations

The advanced chemical recycling market exhibits robust growth fueled by more than 150 companies investing in technologies that promise to revolutionize the way we recycle plastics. These innovations, which include various sophisticated techniques such as pyrolysis and gasification, are rapidly increasing capacities worldwide and garner leading industry participants like ExxonMobil and Eastman to embark on constructing significant recycling plants. Such advancements are poised to complement traditional mechanical recycling and expand the gamut of plastics that can be recycled efficiently.

Enhanced Sustainability and Value

In the pursuit of a more sustainable future, advanced chemical recycling technologies offer an array of ecological and economic benefits. Not only do they broaden the types of plastic materials that can be recycled into high-value products, but they also promote sustainability by allowing waste plastics to be repurposed rather than relying on fossil fuels. These processes are in alignment with green government initiatives targeting a reduction in plastic waste and a shift towards a circular economy.

Report Highlights Global Trends and Opportunities

The report delves into an array of pertinent topics including the trends driving the global market, the latest industry developments, and competitive capacities. Insight is also offered on the forecasted demand for polymers, segmented by recycling technology and region. Moreover, the study provides essential details on the life cycle assessments, pricing, and challenges faced by the sector.

Industry-Specific Analysis and company Profiles

To support stakeholders within the value chain, the report encompasses comprehensive profiles of key industry players and their associated technologies. Industry participants such as Agilyx and SABIC are among the 161 companies meticulously analyzed, offering substantial information to companies seeking strategic insights into the advanced chemical recycling market.

Global Polymer Demand and Recycling Processes

Offering a forward-looking perspective, the report predicts global polymer demand and scrutinizes each recycling process's potential until 2040. Various technological applications, including emerging tech, are detailed in terms of their expected impact on polymer demand and the recycling landscape at large.

The introduction of advanced chemical recycling technologies marks a significant milestone in the quest to address global plastic challenges. With a growing emphasis on sustainability and the circular economy, these technologies are key players in the transformative journey of the plastic recycling industry.

A selection of companies mentioned in this report includes, but is not limited to:

  • Aduro Clean Technologies, Inc
  • Agilyx
  • Alpha Recyclage Composites
  • Alterra Energy
  • Ambercycle, Inc
  • Anellotech, Inc
  • Anhui Oursun Resource Technology Co., Ltd
  • APChemi Pvt. Ltd
  • APK AG
  • Aquafil S.p.A
  • ARCUS Greencycling GmbH
  • Arkema
  • Axens SA
  • BASF
  • Bcircular
  • BioBTX B.V
  • Biofabrik Technologies GmbH
  • Blest (Microengineer Co., Ltd.)
  • Blue Cycle
  • BlueAlp Technology
  • Borealis AG
  • Boston Materials LLC
  • Braven Environmental, LLC
  • Brightmark
  • Cadel Deinking S.L
  • Carbios
  • Carboliq GmbH
  • Carbon Fiber Recycling LLC
  • Cassandra Oil AB
  • Chevron Phillips Chemical
  • Chian Tianying
  • CIRC
  • Clariter
  • Clean Planet Energy
  • Corsair Group International
  • Covestro
  • CreaCycle GmbH
  • CuRe Technology BV
  • Cyclic Materials
  • DePoly SA
  • Dow Chemical Company
  • DyeRecycle
  • Eastman Chemical Company
  • Eco Fuel Technology, Inc
  • Ecopek S.A
  • Eeden GmbH
  • Emery Oleochemicals
  • Encina Development Group, LLC
  • Enerkem, Inc
  • Enval
  • Environmental Solutions (Asia) Pte Ltd
  • Epoch Biodesign
  • Equipolymers GmbH
  • Evonik Industries AG
  • Evrnu
  • Extracthive
  • ExxonMobil
  • Fairmat
  • Fulcrum BioEnergy
  • Futerro
  • Fych Technologies
  • Garbo S.r.l
  • Gr3n SA
  • GreenMantra Technologies
  • Handerek Technologies
  • Hanwha Solutions
  • Honeywell
  • Hyundai Chemical
  • Indaver nv
  • InEnTec, Inc
  • INEOS Styrolution
  • Infinited Fiber Company Oy
  • Ioncell Oy
  • Ioniqa Technologies B.V
  • Itero Technologies
  • Jeplan, Inc
  • JFE Chemical Corporation
  • Kaneka Corporation
  • Khepra
  • Klean Industries
  • Lanzatech
  • Loop Industries, Inc
  • LOTTE Chemical
  • Lummus Technology LLC
  • LyondellBasell Industries Holdings B.V
  • Metaspectral
  • Microwave Chemical Co. Ltd
  • Mint Innovation
  • Mitsubishi Chemical
  • MolyWorks Materials
  • Mote, Inc
  • Mura Technology
  • Nanya Plastics Corporation
  • NatureWorks
  • Neste Oyj
  • New Hope Energy
  • Next Generation Group (NGR)
  • Nexus Circular LLC
  • Novoloop
  • Olefy Technologies
  • Orlen Unipetrol Rpa S.r.o
  • PETRONAS Chemicals Group Berhad
  • Plastic Back
  • Plastic Energy Limited
  • Plastic2Oil, Inc
  • Plastogaz SA
  • Poliloop
  • Polycycl
  • Polynate
  • PolyStyreneLoop
  • Polystyvert, Inc
  • Poseidon Plastics
  • Premirr Plastics, Inc
  • Protein Evolution
  • Pryme BV
  • PureCycle Technologies
  • Pyrowave
  • Qairos Energies
  • QuantaFuel ASA
  • Re:newcell
  • Recenso GmbH
  • Recyc’ELIT
  • ReNew ELP
  • Renew One
  • RePEaT Co., Ltd
  • Repsol
  • Resiclo Oy
  • revalyu Resources GmbH
  • ReVital Polymers, Inc
  • Rittec Umwelttechnik GmbH
  • Sabic
  • Samsara Eco Pty Ltd
  • Saperatec GmbH
  • SCG Chemicals
  • Scindo
  • Sekisui Chemical Co., Ltd
  • Shell
  • Showa Denko K.K
  • Shuye Environmental Technology
  • Sierra Energy
  • SK Global Chemical Co., Ltd
  • Sulzer Chemtech AG
  • Sumitomo Chemical
  • Sweet Gazoil
  • Synova
  • Synpet Technologies
  • Technisoil Industrial
  • Teijin Frontier Co., Ltd
  • TotalEnergies
  • Toyo Styrene Co., Ltd
  • Trinseo
  • Triple Helix
  • Uflex
  • Valoren
  • Vartega Inc
  • Velocys
  • Versalis SpA
  • Wastefront
  • Worn Again Technologies
  • Xycle
  • Österreichische Mineralölverwaltung (OMV)

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