Global Solvent-based Plastic Recycling Market Size, Trends & Growth Opportunity, By Product (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene, Others), By Application (Building & Construction, Packaging, Electrical
Description
Global Solvent-based Plastic Recycling Market Size, Trends & Growth Opportunity, By Product (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene, Others), By Application (Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive, Others), By Region and Forecast till 2027.
Global Solvent-based Plastic Recycling Market
The global Solvent-based Plastic Recycling market was valued at USD 600 million in 2021 which expected to reach USD 900.1 million by 2027 at a CAGR 6.75 % from 2022-2027.
Solvent-based processes may be useful in recycling currently non-recyclable plastics. Multilayer plastic materials are used in a variety of applications, including the electrical and electronic industries, as well as food and medical packaging. Each year, approximately 100 million tonnes of multilayer plastics containing up to twelve layers of varying polymers are produced globally. Due to the difficulty of recycling multilayer plastics, almost all of that plastic ends up in landfills or incinerators. By recycling multilayer plastics, solvent-based recycling can contribute to the resolution of this crisis.
Market Drivers
Growing plastic consumption has resulted in increasing plastic waste, which has become a global crisis as a result of poor plastic waste management. One of the novel approaches to resolving this crisis is solvent-based recycling of plastic waste. A selective solvent dissolution process is used to remove impurities and recover plastics that meet minimum standards for reuse.
Market challenge s
Stringent regulations prohibiting the use of single-use plastics in regions such as Europe, North America, and Asia are expected to fuel the industry's growth.
Market Segmentation
The Global Solvent-based Plastic Recycling Market is segmented into Product, Application. By Product such as Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene, Others. Further, market is segmented into By Application such as Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive, Others.
Regional Analysis
Global Solvent-based Plastic Recycling Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe dominated the Solvent-based Plastic Recycling market. The regional expansion can be attributed to rising consumer awareness and increased regulatory pressure on plastic pollution. Governments and major corporations are constantly refining targets to reduce plastic waste and promote a circular economy in the plastics value chain, which has fueled interest in solvent-based recycling. Solvent-based recycling is also useful for recycling low-quality plastic waste that cannot be mechanically recycled.
North America has the largest market for solvent-based plastic recycling. The region is characterized by major companies involved in solvent-based recycling, such as Proctor & Gamble and Trinseo, as well as the United States, which is the world's largest producer of plastic waste.
Key Players
Various key players are listed in this report such as Solvay; Sulzer Ltd; Trinseo; Procter & Gamble; APK AG; PolystyreneLoop; PureCycle Technologies Inc; Saperatec GmbH.. among others.
Market Taxonomy
By Product
Polyethylene
Polyethylene Terephthalate
Polypropylene
Polyvinyl Chloride
Polystyrene
Others
By Application
Building & Construction
Packaging
Electrical & Electronics
Textiles
Automotive
Others
By Region
North America
Latin America
Europe
China
Asia Pacific
Middle East & Africa
Key Questions Addressed by the Report
What are the Key Opportunities in Global Solvent-based Plastic Recycling Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the competitive Landscape in the Industry?
What is the role of key players in the value chain?
Global Solvent-based Plastic Recycling Market
The global Solvent-based Plastic Recycling market was valued at USD 600 million in 2021 which expected to reach USD 900.1 million by 2027 at a CAGR 6.75 % from 2022-2027.
Solvent-based processes may be useful in recycling currently non-recyclable plastics. Multilayer plastic materials are used in a variety of applications, including the electrical and electronic industries, as well as food and medical packaging. Each year, approximately 100 million tonnes of multilayer plastics containing up to twelve layers of varying polymers are produced globally. Due to the difficulty of recycling multilayer plastics, almost all of that plastic ends up in landfills or incinerators. By recycling multilayer plastics, solvent-based recycling can contribute to the resolution of this crisis.
Market Drivers
Growing plastic consumption has resulted in increasing plastic waste, which has become a global crisis as a result of poor plastic waste management. One of the novel approaches to resolving this crisis is solvent-based recycling of plastic waste. A selective solvent dissolution process is used to remove impurities and recover plastics that meet minimum standards for reuse.
Market challenge s
Stringent regulations prohibiting the use of single-use plastics in regions such as Europe, North America, and Asia are expected to fuel the industry's growth.
Market Segmentation
The Global Solvent-based Plastic Recycling Market is segmented into Product, Application. By Product such as Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene, Others. Further, market is segmented into By Application such as Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive, Others.
Regional Analysis
Global Solvent-based Plastic Recycling Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe dominated the Solvent-based Plastic Recycling market. The regional expansion can be attributed to rising consumer awareness and increased regulatory pressure on plastic pollution. Governments and major corporations are constantly refining targets to reduce plastic waste and promote a circular economy in the plastics value chain, which has fueled interest in solvent-based recycling. Solvent-based recycling is also useful for recycling low-quality plastic waste that cannot be mechanically recycled.
North America has the largest market for solvent-based plastic recycling. The region is characterized by major companies involved in solvent-based recycling, such as Proctor & Gamble and Trinseo, as well as the United States, which is the world's largest producer of plastic waste.
Key Players
Various key players are listed in this report such as Solvay; Sulzer Ltd; Trinseo; Procter & Gamble; APK AG; PolystyreneLoop; PureCycle Technologies Inc; Saperatec GmbH.. among others.
Market Taxonomy
By Product
Polyethylene
Polyethylene Terephthalate
Polypropylene
Polyvinyl Chloride
Polystyrene
Others
By Application
Building & Construction
Packaging
Electrical & Electronics
Textiles
Automotive
Others
By Region
North America
Latin America
Europe
China
Asia Pacific
Middle East & Africa
Key Questions Addressed by the Report
What are the Key Opportunities in Global Solvent-based Plastic Recycling Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the competitive Landscape in the Industry?
What is the role of key players in the value chain?
Table of Contents
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Solvent-based Plastic Recycling Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Solvent-based Plastic Recycling Market, By Product
- 5.1 Y-o-Y Growth Comparison, By Product
- 5.2 Global Solvent-based Plastic Recycling Market Share Analysis, By Product
- 5.3 Global Solvent-based Plastic Recycling Market Size and Forecast, By Product
- 5.3.1 Polyethylene
- 5.3.2 Polyethylene Terephthalate
- 5.3.3 Polypropylene
- 5.3.4 Polyvinyl Chloride
- 5.3.5 Polystyrene
- 5.3.6 Others
- 6 Global Solvent-based Plastic Recycling Market, By Application
- 6.1 Y-o-Y Growth Comparison, By Application
- 6.2 Global Solvent-based Plastic Recycling Market Share Analysis, By Application
- 6.3 Global Solvent-based Plastic Recycling Market Size and Forecast, By Application
- 6.3. 1 Building & Construction
- 6.3.2 Packaging
- 6.3.3 Electrical & Electronics
- 6.3.4Textiles
- 6.3.5 Automotive
- 6.3.6 Others
- 7 Global Solvent-based Plastic Recycling Market, By Region
- 7.1 Global Solvent-based Plastic Recycling Market Share Analysis, By Region
- 7.2 Global Solvent-based Plastic Recycling Market Share Analysis, By Region
- 7.3 Global Solvent-based Plastic Recycling Market Size and Forecast, By Region
- 8 North America Solvent-based Plastic Recycling Market Analysis and Forecast (2021-2027)
- 8.1 Introduction
- 8.2 North America Solvent-based Plastic Recycling Market Share Analysis, By Product
- 8.3 North America Solvent-based Plastic Recycling Market Size and Forecast, By Application
- 8.4 North America Solvent-based Plastic Recycling Market Size and Forecast, By Country
- 8.5.1 U.S.
- 8.6.2 Canada
- 9.7.3 Mexico
- 9 Europe Solvent-based Plastic Recycling Market Analysis and Forecast (2021-2027)
- 9.1 Introduction
- 9.2 Europe Solvent-based Plastic Recycling Market Share Analysis, By Product
- 9.3 Europe Solvent-based Plastic Recycling Market Size and Forecast, By Application
- 9.4 Europe Solvent-based Plastic Recycling Market Size and Forecast, By Country
- 9.5.1 Germany
- 9.6.2 France
- 9.7.3 UK
- 9.8.4. Rest of Europe
- 10 Asia Pacific Solvent-based Plastic Recycling Market Analysis and Forecast (2021-2027)
- 10.1 Introduction
- 10.2 Asia Pacific Solvent-based Plastic Recycling Market Share Analysis, By Product
- 10.3 Asia Pacific Solvent-based Plastic Recycling Market Size and Forecast, By Application
- 10.4 Asia Pacific Solvent-based Plastic Recycling Market Size and Forecast, By Country
- 10.5.1 China
- 10.6.2 Japan
- 10.7.3 India
- 10.8.4. Rest of Asia Pacific
- 11 Latin America Solvent-based Plastic Recycling Market Analysis and Forecast (2021-2027)
- 11.1 Introduction
- 11.2 Latin America Solvent-based Plastic Recycling Market Share Analysis, By Product
- 11.3 Latin America Solvent-based Plastic Recycling Market Size and Forecast, By Application
- 11.4 Latin America Solvent-based Plastic Recycling Market Size and Forecast, Country
- 11.5.1. Brazil
- 11.6.2. Rest of Latin America
- 12 Middle East Solvent-based Plastic Recycling Market Analysis and Forecast (2021-2027)
- 12.1 Introduction
- 12.2 Middle East Solvent-based Plastic Recycling Market Share Analysis, By Product
- 12.3 Middle East Solvent-based Plastic Recycling Market Size and Forecast, By Application
- 12.4 Middle East Solvent-based Plastic Recycling Market Size and Forecast, By Country
- 12.5.1. Saudi Arabia
- 12.6.2. UAE
- 12.7.3. Egypt
- 12.8.4. Kuwait
- 12.9.5. South Africa
- 13 Competitive Analysis
- 13.1 Competition Dashboard
- 13.2 Market share Analysis of Top Vendors
- 13.3 Key Development Strategies
- 14Company Profiles
- 14.1 Solvay
- 14.1.1 Overview
- 14.1.2 Offerings
- 14.1.3 Key Financials
- 14.1.4 Business Segment & Geographic Overview
- 14.1.5 Key Market Developments
- 14.1.6 Key Strategies
- 14.2. Sulzer Ltd
- 14.2.1 Overview
- 14.2.2 Offerings
- 14.2.3 Key Financials
- 14.2.4 Business Segment & Geographic Overview
- 14.2.5 Key Market Developments
- 14.2.6 Key Strategies
- 14.3. Trinseo
- 14.3.1 Overview
- 14.3.2 Offerings
- 14.3.3 Key Financials
- 14.3.4 Business Segment & Geographic Overview
- 14.3.5 Key Market Developments
- 14.3.6 Key Strategies
- 14.4 Procter & Gamble
- 14.4.1 Overview
- 14.4.2 Offerings
- 14.4.3 Key Financials
- 14.4.4 Business Segment & Geographic Overview
- 14.4.5 Key Market Developments
- 14.4.6 Key Strategies
- 14.5 APK AG.
- 14.5.1 Overview
- 14.5.2 Offerings
- 14.5.3 Key Financials
- 14.5.4 Business Segment & Geographic Overview
- 14.5.5 Key Market Developments
- 14.5.6 Key Strategies
- 14.6 PolystyreneLoop
- 14.6.1 Overview
- 14.6.2 Offerings
- 14.6.3 Key Financials
- 14.6.4 Business Segment & Geographic Overview
- 14.6.5 Key Market Developments
- 14.6.6 Key Strategies
- 14.7 PureCycle Technologies Inc.
- 14.7.1 Overview
- 14.7.2 Offerings
- 14.7.3 Key Financials
- 14.7.4 Business Segment & Geographic Overview
- 14.7.5 Key Market Developments
- 14.7.6 Key Strategies
- 14.8 Saperatec GmbH
- 14.8.1 Overview
- 14.8.2 Offerings
- 14.8.3 Key Financials
- 14.8.4 Business Segment & Geographic Overview
- 14.8.5 Key Market Developments
- 14.8.6 Key Strategies
Pricing
Currency Rates
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