Global Chemical Recycling of Plastics Databank Market Report

Global Chemical Recycling of Plastics Databank Market Report

The Chemical Recycling of Plastics market was valued at $52,684.5 Million in 2022, and is projected to reach $80,810.2 Million by 2031 growing at a CAGR of 4.91% from 2023 to 2031. Dissolution segment is expected to be the highest contributor to this market, with $22,818.0 Million in 2022, and is anticipated to reach $33,158.7 Million by 2031, registering a CAGR of 4.28%. Conversion segment is anticipated to reach $15,312.2 Million by 2031 with the highest CAGR of 5.56%. Dissolution and Depolymerization segments collectively expected to account for about 82.1% share of the Chemical Recycling of Plastics market in 2022, with the former constituting around 43.3% share. Conversion and Depolymerization segments are expected to witness significant growth rates at a CAGR of 5.56% and 5.28% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 56.7% in the overall Chemical Recycling of Plastics market in 2022, and is anticipated to reach 59.0% by 2031.