Report Description Table of Contents The plastic-to-fuel market was worth USD 0.9 billion in 2023 and will be worth USD 1.65 billion by 2030, expanding at a CAGR of 7.95% during the forecast period. The factors that affect the growth of the plastic-to-fuel market include the increasing focus on waste disposal and environmental conservation alongside the efforts to eliminate plastic materials across the world. Annually, more than 400 million tons of plastic waste is produced, and utilizing plastic waste by converting the same into fuel is the best solution for both the waste and energy issues. Plastic pyrolysis technologies are being adopted by countries to incinerate non-recyclable plastics into fuel to minimize landfill volume and decrease demand for fossil fuels. For instance, India initiated a project on converting one hundred thousand tonnage of plastic waste into fuel per year, solving the environment and energy problems. One of the latest trends observed in the world is the establishment of pyrolysis plants in Europe and North America that exploit plastic waste to produce diesel and gasoline. This trend is also backed by circular economy policies adopted by governments and subsidies to waste-to-energy technologies. These advancements are creating a dual impact: Economic benefits include the redemption of the impact of plastic waste on the environment and a positive uplift in energy security. The plastic-to-fuel market finds great prospects in the present trends of managing plastic waste and the growing demand for fuel sources. Approximately 8 million tons of plastic waste are dumped into the oceans each year, with only 9 % of plastics being recycled, making it necessary to find efficient waste-to-energy solutions. One of the most effective methods to combat the problem of pollution and the lack of energy is the technologies that turn recycled plastic into diesel and gasoline. The more recent innovation from Japan is the establishment of small scale pyrolysis plants that turns the plastics into fuel, an entity capable of decomposing several thousand tons of the waste. Moreover, in the U. S., several states are promoting P2F technologies through policy support for advanced recycling processes to offer new growth prospects for this market. This alliance between the state and technology demonstrates the emerging business prospects of turning the world’s enormous plastic waste into energy. Market Segmentation By Technology: Pyrolysis Gasification Depolymerization By Fuel Type: Diesel Gasoline Kerosene Synthetic Gases By Plastic Type: Polyethylene (PE) Polypropylene (PP) Polystyrene (PS) Polyvinyl Chloride (PVC) Other Plastics By End-Use: Industrial Commercial Residential Transportation By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA Plastic-to-Fuel Market: Segment Analysis By Technology Leading Segment: Pyrolysis Pyrolysis dominates the plastic-to-fuel market, accounting for nearly 65% of the total market share due to its ability to convert mixed plastic waste into valuable fuels efficiently. The process is widely adopted due to its cost-effectiveness & scalability in commercial applications. Companies such as Agilyx and Brightmark have established large-scale pyrolysis plants, producing synthetic fuels from plastic waste. The segment is expected to maintain steady growth, with a CAGR of around 10% through 2030. Fastest-Growing Segment: Gasification Gasification is the fastest-growing segment, projected to expand at a CAGR of over 12% due to increasing investments in waste-to-energy technologies. Unlike pyrolysis, gasification can handle a broader range of plastic waste, including contaminated and mixed plastics, converting them into syngas for power generation. Sierra Energy’s FastOx gasification technology has gained traction in the U.S. & Europe, enabling the production of synthetic fuels with near-zero emissions. By Fuel Type Leading Segment: Diesel Diesel is the most dominant fuel type, holding over 45% of the market share because of its high demand in industrial and transportation sectors. Plastic-derived diesel is chemically similar to petroleum diesel which makes it compatible with existing diesel engines without modifications. Companies such as Plastic2Oil and OMV have successfully commercialized diesel production from waste plastics. The diesel segment is projected to grow steadily at 9% CAGR through 2030. Fastest-Growing Segment: Synthetic Gases Synthetic gases (syngas) are the fastest-growing fuel type, with a CAGR of 13%, owing to their use in power generation and hydrogen production. The increasing push for cleaner fuels and energy independence is driving investments in syngas-based plastic-to-fuel technologies. For example, Enerkem’s waste-to-fuel projects in Canada leverage syngas production to generate electricity and liquid fuels. By Plastic Type Leading Segment: Polyethylene (PE) Polyethylene, the most abundant plastic waste globally, accounts for over 40% of the plastic-to-fuel market. Its widespread availability from packaging materials, plastic bags, and containers makes it a prime feedstock for pyrolysis and depolymerization processes. Companies like Renewlogy & Nexus Fuel specialize in converting polyethylene into valuable fuels & chemicals. Fastest-Growing Segment: Polypropylene (PP) Polypropylene is witnessing the fastest growth, with a CAGR of 11%, due to its high calorific value & extensive use in consumer goods, packaging, and automotive parts. Advanced pyrolysis technologies have improved the efficiency of converting polypropylene into high-yield diesel & gasoline. Partnerships between Dow Chemical & advanced recycling firms have boosted polypropylene conversion rates, increasing its viability in the plastic-to-fuel industry. By End-Use Leading Segment: Industrial The industrial sector dominates the market, accounting for over 50% of plastic-to-fuel consumption. Industries rely on plastic-derived fuels for energy-intensive operations, especially in regions with limited access to traditional fossil fuels. Large-scale applications in cement manufacturing, mining, and shipping are driving demand, with the segment expected to grow at a CAGR of 9%. Fastest-Growing Segment: Transportation The transportation sector is the fastest-growing end-use, projected to expand at a CAGR of 12%. Growing demand for alternative fuels in aviation, marine & freight transport is boosting the adoption of plastic-to-fuel solutions. Companies like Plastic Energy are collaborating with logistics firms to supply low-carbon fuels derived from plastic waste, helping reduce emissions & reliance on crude oil-based fuels. By Region Leading Region: North America North America leads the plastic-to-fuel market, capturing nearly 38% of the global share due to strong government initiatives & investments in waste-to-energy projects. The U.S. and Canada have robust regulatory support for converting plastic waste into fuel, with companies like Agilyx and Brightmark expanding their commercial-scale facilities. The region is expected to maintain a steady CAGR of 9%. Fastest-Growing Region: Asia Pacific Asia Pacific is the fastest-growing region, with a CAGR of 14%, driven by increasing plastic waste generation and stringent environmental policies in China, India, and Southeast Asia. The rapid adoption of waste management reforms and investments in alternative energy solutions are propelling market growth. Countries like Japan & South Korea are leading in research and development of plastic-to-fuel technologies to combat plastic pollution. Key Players Brightmark Energy Agilyx Corporation Plastic2Oil Inc. Nexus Fuels LLC RES Polyflow Vadxx Energy MK Aromatics Ltd. Cynar Plc OMV Group GreenMantra Technologies Plastic-to-Fuel Market Report Coverage Report Attribute Details Forecast Period 2023 – 2030 Market Size Value in 2023 USD 0.9 billion Revenue Forecast in 2030 USD 1.65 billion Overall Growth Rate CAGR of 7.95% Base Year for Estimation 2022 Historical Data 2017 – 2021 Unit USD Million, CAGR (2023 - 2030) Segmentation By Technology, By Fuel Type, By Plastic Type, By End-Use, By Region By Technology Pyrolysis, Gasification, Depolymerization By Fuel Type Diesel, Gasoline, Kerosene, Synthetic Gases By Plastic Type PE, PP, PS, PVC, Other Plastics By End-Use Industrial, Commercial, Residential, Transportation By Region North America, Europe, Asia Pacific, LAMEA Country Scope US, Canada, Mexico, Germany, France, UK, China, India Pricing and Purchase Options Available customized purchase options to meet your exact research needs. Frequently Asked Question About This Report How big is the Plastic-to-Fuel Market? The Plastic-To-Fuel Market was valued at USD 0.9 billion in 2023 and is projected to reach USD 1.65 billion by 2030, growing at a CAGR of 7.95% during the forecast period. Who are the major players in the plastic-to-fuel market? Prominent players in the plastic-to-fuel market include Brightmark Energy, Agilyx Corporation, Plastic2Oil Inc., Nexus Fuels LLC, RES Polyflow, Vadxx Energy, MK Aromatics Ltd., Cynar Plc, OMV Group, and GreenMantra Technologies. Which region held the largest plastic-to-fuel market share? North America holds the largest share in the plastic-to-fuel market, owing to its advanced technological sectors and favorable government policies enhancing recycling processes. The U.S. produces more than 35 million tons of plastic waste annually, and efforts to convert this waste into fuel have gained notable traction. Which End-Use had the largest plastic-to-fuel market share? The industrial sector is the largest application segment in the plastic-to-fuel market, utilizing converted fuels for energy generation and industrial processes. This approach not only provides an alternative energy source but also aids in managing industrial waste effectively. What are the key factors driving the growth of the plastic-to-fuel market? The increasing focus on waste disposal, environmental conservation, and efforts to eliminate plastic materials worldwide are primary factors driving the growth of the plastic-to-fuel market. Annually, more than 400 million tons of plastic waste are produced, and converting this waste into fuel addresses both waste and energy issues. . Table of Contents 1. PLASTIC-TO-FUEL MARKET - PRODUCTION VOLUME BY REGION, (2024 - 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. PLASTIC-TO-FUEL MARKET - REVENUE ($MILLION), BY REGION, (2024 - 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS - PLASTIC-TO-FUEL MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Type and End Use Outlook Analysis 4. HISTORIC TRENDS IN PLASTIC-TO-FUEL MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA PLASTIC-TO-FUEL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Plastic-to-Fuel Historical Market ($MILLION), (2017 - 2023) 6.2. North America Plastic-to-Fuel Market ($MILLION) and Forecasts (2024 - 2030) 6.3. North America Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Technology 6.3.1. Pyrolysis 6.3.2. Gasification 6.3.3. Depolymerization 6.4. North America Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Fuel Type 6.4.1. Diesel 6.4.2. Gasoline 6.4.3. Kerosene 6.4.4. Synthetic Gases 6.5. North America Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Plastic Type 6.5.1. Polyethylene (PE) 6.5.2. Polypropylene (PP) 6.5.3. Polystyrene (PS) 6.5.4. Polyvinyl Chloride (PVC) 6.5.5. Other Plastics 6.6. North America Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By End-Use 6.6.1. Residential 6.6.2. Transportation 6.6.3. Commercial 6.6.4. Industrial 6.7. North America Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA PLASTIC-TO-FUEL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE PLASTIC-TO-FUEL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Plastic-to-Fuel Historical Market ($MILLION), (2017 - 2023) 8.2. Europe Plastic-to-Fuel Market ($MILLION) and Forecasts (2024 - 2030) 8.3. Europe Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Technology 8.4. Europe Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Fuel Type 8.5. Europe Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Plastic Type 8.6. Europe Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By End-Use 8.7. Europe Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC PLASTIC-TO-FUEL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Plastic-to-Fuel Historical Market ($MILLION), (2017 - 2023) 9.2. APAC Plastic-to-Fuel Market ($MILLION) and Forecasts (2024 - 2030) 9.3. APAC Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Technology 9.4. APAC Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Fuel Type 9.5. APAC Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Plastic Type 9.6. APAC Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By End-Use 9.7. APAC Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA PLASTIC-TO-FUEL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Plastic-to-Fuel Historical Market ($MILLION), (2017 - 2023) 10.2. Latin America Plastic-to-Fuel Market ($MILLION) and Forecasts (2024 - 2030) 10.3. Latin America Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Technology 10.4. Latin America Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Fuel Type 10.5. Latin America Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Plastic Type 10.6. Latin America Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By End-Use 10.7. Latin America Plastic-to-Fuel Market Type ($MILLION), and Forecasts (2024 - 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. Brightmark Energy 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Agilyx Corporation 11.3. Plastic2Oil Inc. 11.4. NEXUS FUELS LLC 11.5. RES Polyflow 11.6. MK Aromatics Ltd. 11.7. OTHER MARKET PLAYERS