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Pyrolysis Oil Market By Feedstock, By Process, By End Use: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 546 Pages
  • January 2023
  • Region: Global
  • Allied Market Research
  • ID: 5751225
The global pyrolysis oil market was valued at $318.5 million in 2021, and is projected to reach $480.9 million by 2031, growing at a CAGR of 4.3% from 2022 to 2031.

Pyrolysis oil is a liquid substance obtained in the pyrolysis process and subsequent cooling, which is a synthetic fuel manufactured as a substitute for petroleum. The product, also known as crude or bio-oil, is a complex blend of molecules generally comprising more than 200 different compounds resulting from the depolymerization of products treated in pyrolysis.

One of the main factors driving demand for refined pyrolysis oil and, subsequently, the expansion of the world market for waste-derived pyrolysis oil is the increasing industrial adoption of power generation systems using turbines and diesel engines. Urbanization, rising per capita disposable income, and expansion of power generation in large-scale enterprises and power plants are all accelerating the recovery of the refined pyrolysis oil power generation industry around the globe.

Plastic waste is becoming one of the largest components of municipal solid waste due to the rise in plastic consumption around the globe. There is a rise in plastic trash production and consumption with the growth in the human population, rapid economic development, ongoing urbanization, and changes in lifestyle. There is an increase in the daily generation of plastic waste owing to the short lifespan of plastic. Around 300 million tons of plastic are produced worldwide annually, according to estimates. Plastic trash is frequently converted into energy using the pyrolysis process, which produces solid, liquid, and gaseous fuels. Pyrolysis is an eco-friendly method to convert plastic waste into pyrolysis oil.

Biochar, bio-oil, and gases like methane, hydrogen, carbon monoxide, and carbon dioxide are the byproducts of biomass pyrolysis. Pyrolysis will produce mostly biochar at low temperatures, less than 450 °C, when the heating rate is very slow, and most gases at high temperatures, greater than 800 °C, with rapid heating rates, depending on the thermal environment and the final temperature. The primary product is bio-oil, which is heated at a medium temperature and at a moderately rapid rate.

Bio-oil is a liquid that resembles biomass in color and chemistry. Compared to woody products, it has a substantially higher density, which lowers the cost of storage and transportation. Direct use of bio-oil in conventional internal combustion engines is not recommended. As an alternative, the oil can be transformed into syngas, which can subsequently be converted into bio-diesel, or into a specific engine fuel. Because it can be handled and burned more easily than solid fuel and is less expensive to carry and store than solid fuel, bio-oil is particularly appealing for co-firing.

Flash pyrolysis (sometimes called very fast pyrolysis), characterized by rapid heating rates (>1000 °C/s) and high reaction temperatures (900-1300 °C), has been shown to afford high yields of bio-oil with low resulting water content and conversion efficiencies of up to 70% . Flash pyrolysis is an important technique for biomass conversion into eco-friendly biofuels. At optimal conditions, flash pyrolysis oil yields can reach 60-75 wt%. Temperature, heating rate, and residence time must all fall within the range of 450-600 °C, 103-104°C/s, and 1 s for the method to be effective. High water content (often > 15 wt%) is a defining characteristic of flash pyrolysis oil. Phenols are the primary pyrolysis byproducts of biomass that contains lignin.

A wide range of biomass feedstocks can be used in pyrolysis processes. The moisture content of the feedstock - which should be around 10% - is crucial to the pyrolysis process. High quantities of water are created at greater moisture content, while at lower levels, there is a chance that the process will only produce dust rather than oil. Prior to pyrolysis, high-moisture waste streams including sludge and meat processing wastes need to be dried.

A lot of attention has been paid to biomass pyrolysis because of its high effectiveness and excellent environmental performance characteristics. Additionally, it offers a chance to turn municipal solid waste, wood refuse, and agricultural residues into clean energy. Additionally, with its reliable, clean, and straightforward production process, biochar sequestration might have a significant impact on global fossil fuel emissions.

Refined oil demand in end-use industries has increased significantly in nations like China and the U.S. Significant expenditures have been made for the improvement of waste-derived pyrolysis oil in developing nations like India, Benelux, and ASEAN. The market for pyrolysis oil is expected to develop as a result of the expansion of the heat and power generating and automobile fuel sectors.

A common industrial fuel replacement for furnace oil is pyrolysis oil. Pyrolysis oil is mostly utilized in heavy sectors, including construction heating, steel, glass, cement, power, boiler, and hotel heating. Pyrolysis oil can be potentially used to heat boilers (as a combustion fuel), which can be used to produce electricity in the future. In addition, pyrolysis oil-based products that have been improved or refined can also be used in gas turbines and diesel generators. Several countries are considering switching from coal-fired power facilities to gas turbine generators in order to provide electricity with fewer carbon emissions. Additionally, pyrolysis oil can be utilized as a fuel for combustion in a variety of sectors, including cement, steel, glass, and brick facilities. Pyrolysis oil can be used as a feedstock for refining diesel fuel in addition to direct combustion. A distillation device is capable of converting it into diesel. Trucks, tractors, ships, and diesel generators can all use the diesel produced once the pyrolysis oil has been processed into it by a pyrolysis oil distillation device.

The major players operating in the global pyrolysis oils market are Plastic Advanced Recycling Corp., Trident Fuels (Pty) Ltd, Niutech, Quantafuel ASA, Ensyn, Twence, Green Fuel Nordic Oy, Alterra Energy, New Hope Energy, and Bioenergy AE Côte-Nord. Other players operating in the market are Pyro-Oil Nig. Ltd., SetraKlean Industries Inc., BTG Biomass Technology Group, Agile Process Chemicals LLP and OMV Aktiengesellschaft.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pyrolysis oil market analysis from 2021 to 2031 to identify the prevailing pyrolysis oil market opportunities.
  • Market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • An in-depth analysis of the pyrolysis oil market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes an analysis of the regional as well as global pyrolysis oil market trends, key players, market segments, application areas, and market growth Strategies.

Key Market Segments

By Feedstock

  • Plastic
  • Rubber
  • Biomass

By End use

  • Heat and power
  • Automotive fuel

By Process

  • Fast pyrolysis
  • Flash pyrolysis
  • Slow Pyrolysis

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA

Key Market Players

  • Bioenergy AE Cote-Nord
  • New Hope Energy
  • Green Fuel Nordic Oy
  • Agilyx
  • OMV Aktiengesellschaft
  • Plastic Advanced Recycling Corp.
  • Quantafuel ASA
  • Alterra Energy
  • Ensyn
  • Niutech

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. High demand from Heat and Power application
3.4.1.2. Increased adoption of eco-friendly fuel alternatives
3.4.2. Restraints
3.4.2.1. Problem associated with storage and transportation of pyrolysis oil
3.4.3. Opportunities
3.4.3.1. Increase in focus on energy security
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Market Share Analysis
3.8. Patent Landscape
3.9. Pricing Analysis
3.10. Regulatory Guidelines
3.11. Value Chain Analysis

CHAPTER 4: PYROLYSIS OIL MARKET, BY FEEDSTOCK
4.1. Overview
4.1.1. Market size and forecast
4.2. Plastic
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Rubber
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Biomass
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Others
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country

CHAPTER 5: PYROLYSIS OIL MARKET, BY PROCESS
5.1. Overview
5.1.1. Market size and forecast
5.2. Fast pyrolysis
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Flash pyrolysis
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Slow Pyrolysis
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country

CHAPTER 6: PYROLYSIS OIL MARKET, BY END USE
6.1. Overview
6.1.1. Market size and forecast
6.2. Heat and power
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Automotive fuel
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Others
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country

CHAPTER 7: PYROLYSIS OIL MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Feedstock
7.2.3. Market size and forecast, by Process
7.2.4. Market size and forecast, by End use
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Feedstock
7.2.5.1.3. Market size and forecast, by Process
7.2.5.1.4. Market size and forecast, by End use
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Feedstock
7.2.5.2.3. Market size and forecast, by Process
7.2.5.2.4. Market size and forecast, by End use
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Feedstock
7.2.5.3.3. Market size and forecast, by Process
7.2.5.3.4. Market size and forecast, by End use
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Feedstock
7.3.3. Market size and forecast, by Process
7.3.4. Market size and forecast, by End use
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Feedstock
7.3.5.1.3. Market size and forecast, by Process
7.3.5.1.4. Market size and forecast, by End use
7.3.5.2. France
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Feedstock
7.3.5.2.3. Market size and forecast, by Process
7.3.5.2.4. Market size and forecast, by End use
7.3.5.3. Italy
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Feedstock
7.3.5.3.3. Market size and forecast, by Process
7.3.5.3.4. Market size and forecast, by End use
7.3.5.4. UK
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Feedstock
7.3.5.4.3. Market size and forecast, by Process
7.3.5.4.4. Market size and forecast, by End use
7.3.5.5. Spain
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Feedstock
7.3.5.5.3. Market size and forecast, by Process
7.3.5.5.4. Market size and forecast, by End use
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Feedstock
7.3.5.6.3. Market size and forecast, by Process
7.3.5.6.4. Market size and forecast, by End use
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Feedstock
7.4.3. Market size and forecast, by Process
7.4.4. Market size and forecast, by End use
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Feedstock
7.4.5.1.3. Market size and forecast, by Process
7.4.5.1.4. Market size and forecast, by End use
7.4.5.2. India
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Feedstock
7.4.5.2.3. Market size and forecast, by Process
7.4.5.2.4. Market size and forecast, by End use
7.4.5.3. Japan
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Feedstock
7.4.5.3.3. Market size and forecast, by Process
7.4.5.3.4. Market size and forecast, by End use
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Feedstock
7.4.5.4.3. Market size and forecast, by Process
7.4.5.4.4. Market size and forecast, by End use
7.4.5.5. Australia
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Feedstock
7.4.5.5.3. Market size and forecast, by Process
7.4.5.5.4. Market size and forecast, by End use
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Key market trends, growth factors and opportunities
7.4.5.6.2. Market size and forecast, by Feedstock
7.4.5.6.3. Market size and forecast, by Process
7.4.5.6.4. Market size and forecast, by End use
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Feedstock
7.5.3. Market size and forecast, by Process
7.5.4. Market size and forecast, by End use
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Feedstock
7.5.5.1.3. Market size and forecast, by Process
7.5.5.1.4. Market size and forecast, by End use
7.5.5.2. South Africa
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Feedstock
7.5.5.2.3. Market size and forecast, by Process
7.5.5.2.4. Market size and forecast, by End use
7.5.5.3. Saudi Arabia
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Feedstock
7.5.5.3.3. Market size and forecast, by Process
7.5.5.3.4. Market size and forecast, by End use
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Key market trends, growth factors and opportunities
7.5.5.4.2. Market size and forecast, by Feedstock
7.5.5.4.3. Market size and forecast, by Process
7.5.5.4.4. Market size and forecast, by End use

CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES
9.1. Green Fuel Nordic Oy
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.2. Bioenergy AE Cote-Nord
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Key strategic moves and developments
9.3. New Hope Energy
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Key strategic moves and developments
9.4. Alterra Energy
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Key strategic moves and developments
9.5. Ensyn
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.6. Plastic Advanced Recycling Corp.
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. Quantafuel ASA
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.7.7. Key strategic moves and developments
9.8. Niutech
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. OMV Aktiengesellschaft
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.9.7. Key strategic moves and developments
9.10. Agilyx
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
9.10.7. Key strategic moves and developments

List of Tables
Table 01. Global Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 02. Global Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 03. Pyrolysis Oil Market for Plastic, by Region, 2021-2031 (Revenue, $Million)
Table 04. Pyrolysis Oil Market for Plastic, by Region, 2021-2031 (Volume, Tons)
Table 05. Pyrolysis Oil Market for Rubber, by Region, 2021-2031 (Revenue, $Million)
Table 06. Pyrolysis Oil Market for Rubber, by Region, 2021-2031 (Volume, Tons)
Table 07. Pyrolysis Oil Market for Biomass, by Region, 2021-2031 (Revenue, $Million)
Table 08. Pyrolysis Oil Market for Biomass, by Region, 2021-2031 (Volume, Tons)
Table 09. Pyrolysis Oil Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 10. Pyrolysis Oil Market for Others, by Region, 2021-2031 (Volume, Tons)
Table 11. Global Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 12. Global Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 13. Pyrolysis Oil Market for Fast Pyrolysis, by Region, 2021-2031 (Revenue, $Million)
Table 14. Pyrolysis Oil Market for Fast Pyrolysis, by Region, 2021-2031 (Volume, Tons)
Table 15. Pyrolysis Oil Market for Flash Pyrolysis, by Region, 2021-2031 (Revenue, $Million)
Table 16. Pyrolysis Oil Market for Flash Pyrolysis, by Region, 2021-2031 (Volume, Tons)
Table 17. Pyrolysis Oil Market for Slow Pyrolysis, by Region, 2021-2031 (Revenue, $Million)
Table 18. Pyrolysis Oil Market for Slow Pyrolysis, by Region, 2021-2031 (Volume, Tons)
Table 19. Global Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 20. Global Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 21. Pyrolysis Oil Market for Heat and Power, by Region, 2021-2031 (Revenue, $Million)
Table 22. Pyrolysis Oil Market for Heat and Power, by Region, 2021-2031 (Volume, Tons)
Table 23. Pyrolysis Oil Market for Automotive Fuel, by Region, 2021-2031 (Revenue, $Million)
Table 24. Pyrolysis Oil Market for Automotive Fuel, by Region, 2021-2031 (Volume, Tons)
Table 25. Pyrolysis Oil Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 26. Pyrolysis Oil Market for Others, by Region, 2021-2031 (Volume, Tons)
Table 27. Pyrolysis Oil Market, by Region, 2021-2031 (Revenue, $Million)
Table 28. Pyrolysis Oil Market, by Region, 2021-2031 (Volume, Tons)
Table 29. North America Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 30. North America Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 31. North America Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 32. North America Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 33. North America Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 34. North America Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 35. North America Pyrolysis Oil Market, by Country, 2021-2031 (Revenue, $Million)
Table 36. North America Pyrolysis Oil Market, by Country, 2021-2031 (Volume, Tons)
Table 37. U.S. Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 38. U.S. Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 39. U.S. Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 40. U.S. Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 41. U.S. Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 42. U.S. Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 43. Canada Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 44. Canada Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 45. Canada Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 46. Canada Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 47. Canada Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 48. Canada Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 49. Mexico Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 50. Mexico Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 51. Mexico Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 52. Mexico Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 53. Mexico Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 54. Mexico Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 55. Europe Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 56. Europe Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 57. Europe Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 58. Europe Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 59. Europe Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 60. Europe Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 61. Europe Pyrolysis Oil Market, by Country, 2021-2031 (Revenue, $Million)
Table 62. Europe Pyrolysis Oil Market, by Country, 2021-2031 (Volume, Tons)
Table 63. Germany Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 64. Germany Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 65. Germany Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 66. Germany Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 67. Germany Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 68. Germany Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 69. France Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 70. France Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 71. France Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 72. France Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 73. France Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 74. France Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 75. Italy Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 76. Italy Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 77. Italy Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 78. Italy Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 79. Italy Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 80. Italy Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 81. UK Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 82. UK Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 83. UK Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 84. UK Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 85. UK Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 86. UK Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 87. Spain Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 88. Spain Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 89. Spain Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 90. Spain Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 91. Spain Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 92. Spain Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 93. Rest of Europe Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 94. Rest of Europe Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 95. Rest of Europe Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 96. Rest of Europe Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 97. Rest of Europe Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 98. Rest of Europe Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 99. Asia-Pacific Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 100. Asia-Pacific Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 101. Asia-Pacific Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 102. Asia-Pacific Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 103. Asia-Pacific Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 104. Asia-Pacific Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 105. Asia-Pacific Pyrolysis Oil Market, by Country, 2021-2031 (Revenue, $Million)
Table 106. Asia-Pacific Pyrolysis Oil Market, by Country, 2021-2031 (Volume, Tons)
Table 107. China Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 108. China Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 109. China Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 110. China Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 111. China Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 112. China Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 113. India Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 114. India Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 115. India Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 116. India Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 117. India Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 118. India Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 119. Japan Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 120. Japan Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 121. Japan Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 122. Japan Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 123. Japan Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 124. Japan Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 125. South Korea Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 126. South Korea Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 127. South Korea Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 128. South Korea Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 129. South Korea Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 130. South Korea Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 131. Australia Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 132. Australia Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 133. Australia Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 134. Australia Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 135. Australia Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 136. Australia Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 137. Rest of Asia-Pacific Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 138. Rest of Asia-Pacific Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 139. Rest of Asia-Pacific Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 140. Rest of Asia-Pacific Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 141. Rest of Asia-Pacific Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 142. Rest of Asia-Pacific Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 143. LAMEA Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 144. LAMEA Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 145. LAMEA Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 146. LAMEA Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 147. LAMEA Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 148. LAMEA Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 149. LAMEA Pyrolysis Oil Market, by Country, 2021-2031 (Revenue, $Million)
Table 150. LAMEA Pyrolysis Oil Market, by Country, 2021-2031 (Volume, Tons)
Table 151. Brazil Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 152. Brazil Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 153. Brazil Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 154. Brazil Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 155. Brazil Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 156. Brazil Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 157. South Africa Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 158. South Africa Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 159. South Africa Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 160. South Africa Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 161. South Africa Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 162. South Africa Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 163. Saudi Arabia Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 164. Saudi Arabia Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 165. Saudi Arabia Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 166. Saudi Arabia Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 167. Saudi Arabia Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 168. Saudi Arabia Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 169. Rest of LAMEA Pyrolysis Oil Market, by Feedstock, 2021-2031 (Revenue, $Million)
Table 170. Rest of LAMEA Pyrolysis Oil Market, by Feedstock, 2021-2031 (Volume, Tons)
Table 171. Rest of LAMEA Pyrolysis Oil Market, by Process, 2021-2031 (Revenue, $Million)
Table 172. Rest of LAMEA Pyrolysis Oil Market, by Process, 2021-2031 (Volume, Tons)
Table 173. Rest of LAMEA Pyrolysis Oil Market, by End Use, 2021-2031 (Revenue, $Million)
Table 174. Rest of LAMEA Pyrolysis Oil Market, by End Use, 2021-2031 (Volume, Tons)
Table 175. Green Fuel Nordic Oy: Key Executives
Table 176. Green Fuel Nordic Oy: Company Snapshot
Table 177. Green Fuel Nordic Oy: Product Segments
Table 178. Green Fuel Nordic Oy: Product Portfolio
Table 179. Bioenergy Ae Cote-Nord: Key Executives
Table 180. Bioenergy Ae Cote-Nord: Company Snapshot
Table 181. Bioenergy Ae Cote-Nord: Product Segments
Table 182. Bioenergy Ae Cote-Nord: Product Portfolio
Table 183. Bioenergy Ae Cote-Nord: Key Strategies
Table 184. New Hope Energy: Key Executives
Table 185. New Hope Energy: Company Snapshot
Table 186. New Hope Energy: Product Segments
Table 187. New Hope Energy: Product Portfolio
Table 188. New Hope Energy: Key Strategies
Table 189. Alterra Energy: Key Executives
Table 190. Alterra Energy: Company Snapshot
Table 191. Alterra Energy: Product Segments
Table 192. Alterra Energy: Product Portfolio
Table 193. Alterra Energy: Key Strategies
Table 194. Ensyn: Key Executives
Table 195. Ensyn: Company Snapshot
Table 196. Ensyn: Product Segments
Table 197. Ensyn: Product Portfolio
Table 198. Plastic Advanced Recycling Corp.: Key Executives
Table 199. Plastic Advanced Recycling Corp.: Company Snapshot
Table 200. Plastic Advanced Recycling Corp.: Product Segments
Table 201. Plastic Advanced Recycling Corp.: Product Portfolio
Table 202. Quantafuel Asa: Key Executives
Table 203. Quantafuel Asa: Company Snapshot
Table 204. Quantafuel Asa: Product Segments
Table 205. Quantafuel Asa: Product Portfolio
Table 206. Quantafuel Asa: Key Strategies
Table 207. Niutech: Key Executives
Table 208. Niutech: Company Snapshot
Table 209. Niutech: Product Segments
Table 210. Niutech: Product Portfolio
Table 211. Omv Aktiengesellschaft: Key Executives
Table 212. Omv Aktiengesellschaft: Company Snapshot
Table 213. Omv Aktiengesellschaft: Product Segments
Table 214. Omv Aktiengesellschaft: Product Portfolio
Table 215. Omv Aktiengesellschaft: Key Strategies
Table 216. Agilyx: Key Executives
Table 217. Agilyx: Company Snapshot
Table 218. Agilyx: Product Segments
Table 219. Agilyx: Product Portfolio
Table 220. Agilyx: Key Strategies

List of Figures
Figure 01. Pyrolysis Oil Market, 2021-2031
Figure 02. Segmentation of Pyrolysis Oil Market, 2021-2031
Figure 03. Top Investment Pockets in Pyrolysis Oil Market (2022-2031)
Figure 04. Low Bargaining Power of Suppliers
Figure 05. Low Bargaining Power of Buyers
Figure 06. Low Threat of Substitutes
Figure 07. Low Threat of New Entrants
Figure 08. Low Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalpyrolysis Oil Market
Figure 10. Impact of Key Regulation: Pyrolysis Oil Market
Figure 11. Market Share Analysis: Pyrolysis Oil Market
Figure 12. Patent Analysis by Company
Figure 13. Patent Analysis by Country
Figure 14. Pricing Analysis: Pyrolysis Oil Market 2021 and 2031
Figure 15. Regulatory Guidelines: Pyrolysis Oil Market
Figure 16. Value Chain Analysis: Pyrolysis Oil Market
Figure 17. Pyrolysis Oil Market, by Feedstock, 2021(%)
Figure 18. Comparative Share Analysis of Pyrolysis Oil Market for Plastic, by Country 2021-2031(%)
Figure 19. Comparative Share Analysis of Pyrolysis Oil Market for Rubber, by Country 2021-2031(%)
Figure 20. Comparative Share Analysis of Pyrolysis Oil Market for Biomass, by Country 2021-2031(%)
Figure 21. Comparative Share Analysis of Pyrolysis Oil Market for Others, by Country 2021-2031(%)
Figure 22. Pyrolysis Oil Market, by Process, 2021(%)
Figure 23. Comparative Share Analysis of Pyrolysis Oil Market for Fast Pyrolysis, by Country 2021-2031(%)
Figure 24. Comparative Share Analysis of Pyrolysis Oil Market for Flash Pyrolysis, by Country 2021-2031(%)
Figure 25. Comparative Share Analysis of Pyrolysis Oil Market for Slow Pyrolysis, by Country 2021-2031(%)
Figure 26. Pyrolysis Oil Market, by End Use, 2021(%)
Figure 27. Comparative Share Analysis of Pyrolysis Oil Market for Heat and Power, by Country 2021-2031(%)
Figure 28. Comparative Share Analysis of Pyrolysis Oil Market for Automotive Fuel, by Country 2021-2031(%)
Figure 29. Comparative Share Analysis of Pyrolysis Oil Market for Others, by Country 2021-2031(%)
Figure 30. Pyrolysis Oil Market by Region, 2021
Figure 31. U.S. Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 32. Canada Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 33. Mexico Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 34. Germany Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 35. France Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 36. Italy Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 37. UK Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 38. Spain Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 39. Rest of Europe Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 40. China Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 41. India Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 42. Japan Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 43. South Korea Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 44. Australia Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 45. Rest of Asia-Pacific Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 46. Brazil Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 47. South Africa Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 48. Saudi Arabia Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 49. Rest of LAMEA Pyrolysis Oil Market, 2021-2031 ($Million)
Figure 50. Top Winning Strategies, by Year
Figure 51. Top Winning Strategies, by Development
Figure 52. Top Winning Strategies, by Company
Figure 53. Product Mapping of Top 10 Players
Figure 54. Competitive Dashboard
Figure 55. Competitive Heatmap: Pyrolysis Oil Market
Figure 56. Top Player Positioning, 2021
Figure 57. Quantafuel Asa: Net Sales, 2019-2021 ($Million)
Figure 58. Omv Aktiengesellschaft: Net Revenue, 2019-2021 ($Million)
Figure 59. Omv Aktiengesellschaft: Revenue Share by Segment, 2021 (%)
Figure 60. Agilyx: Net Sales, 2020-2021 ($Million)
Figure 61. Agilyx: Revenue Share by Region, 2021 (%)

Executive Summary

According to the report titled, 'Pyrolysis Oil Market,' the pyrolysis oil market was valued at $318.5 million in 2021, and is estimated to reach $480.9 million by 2031, growing at a CAGR of 4.3% from 2022 to 2031.

Pyrolysis oil, commonly referred to as bio-crude or bio-oil, is a synthetic fuel being researched as an alternative to petroleum. It is made by heating dehydrated biomass in an oxygen-free reactor to a temperature of roughly 500 °C (900 °F) before cooling it. Pyrolysis oil, a type of tar, typically has oxygen concentrations that are too high to be regarded as pure hydrocarbons. The non-volatility, corrosiveness, immiscibility with fossil fuels, thermal instability, and propensity to polymerize when exposed to air are all caused by the high oxygen content. As a result, it differs significantly from goods made from petroleum. Upgrading is the process of removing oxygen from bio-oil or nitrogen from algal bio-oil.

Pyrolysis oils are used as fuel in heat & power generation plants. They are used in boilers, gas turbines, and diesel engines for electricity, steam, and energy generation. Waste-derived pyrolysis oils are used in several applications like automotive fuels, biorefineries, and food flavoring, in which heat & power generation is one of the key applications in the global market. Significant growth in the energy demand in form of electricity all over the globe is bolstering the demand for waste-derived pyrolysis oil as an energy generation fuel. Furthermore, the pyrolysis oil industry is projected to expand at a faster rate due to a rise in energy costs and increase in petroleum product prices in several nations.

There is an increase in the understanding of the harmful effects of using fossil fuels among end users. A lot of research and development is being done in emerging nations to find substitutes for conventional fossil fuels. The energy sector has been expanding quickly recently, and stakeholders are looking for sustainable and energy-efficient solutions due to growing environmental concerns and the speedy depletion of fossil fuel resources. The rise in the need for environment-friendly fuel, in turn, surges the growth of the pyrolysis oil market. In addition, fast industrialization and expansion of infrastructure projects on a global scale are projected to boost market value. The surge in worries about energy security in developing nations is also anticipated to support the expansion of the market.

Natural rubber is a tropical plantation crop that mainly consists of hydrocarbon polyisoprene. Rubber can be transformed into a liquid that can be utilized as a chemical feedstock or as a fuel through the process of depolymerization. One of the largest waste streams is waste rubber. Waste rubber mainly consists of tires, shoe soles, wiper rubber, conveyor belts, and a variety of other products.. Used tires stand out among these as the most prevalent kind of waste rubber, and the rapidly expanding automobile industry is a factor in their increased production. Conveyor belts also make up a large portion of the rubber waste stream around the globe due to the well-established mining industry.

One of the global issues that are gaining attention is waste management, which must be addressed or it will have a significant impact on the future. The study found that between 1 billion and 1.8 billion worn tires are thrown away each year globally. Vehicle tires are a major use for rubber-derived unrefined pyrolysis oil; more than 70% of the rubber produced worldwide is used to wrap automobile, bicycle, and truck wheels.

In addition, tires, which are made up of around 80% rubber compound, steel, and textiles, are durable goods that are challenging to recycle. Further, the manufacture of pyrolysis oil from garbage is an efficient waste management tool. These procedures enable the appropriate petroleum outputs to be produced while reducing global waste production problems. To meet the rising demand for diesel and gasoline, pyrolysis oil is anticipated to be used to create electricity and energy. In addition, the recovery of valuable and recyclable materials, as well as pro-ecological utilization (i.e., energy recycling rather than burning), have become necessary. Dioxins and polycyclic aromatic hydrocarbons (PAHs), which must be removed from the waste gas for environmental reasons, are released during the combustion of scrap rubber.

Diesel fuel can be refined using pyrolysis oil as a feedstock. Diesel may be produced from it using a distillation process. A vehicle, tractor, ship, or another piece of machinery can utilize the diesel produced once the pyrolysis oil has been purified into it by a pyrolysis oil distillation machine. The surge in auto manufacturing and consumer desire for synthetic and traditional goods are factors contributing to rise in the need for automotive oil. Asia-Pacific Motor vehicle sales have been steadily increasing due to the increasing population and consumer buying power in Europe and Asia-Pacific over the past few years. The market for automotive oil is anticipated to witness significant expansion during the forecast period due to the extensive use of technology throughout the automotive sector. There is an increase in the requirement for high-performance engine oils due to tactical vehicle mechanisms and operational blueprints being implemented by global automakers.

The pyrolysis oils market is segmented into feedstock, process, fuel, and region. On the basis of feedstock, the market is divided into plastic, rubber, biomass, and others. On the basis of process, it is categorized into fast pyrolysis, slow pyrolysis and flash pyrolysis. On the basis of end use, it is classified into heat and power, automotive fuel and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global pyrolysis oils market are Plastic Advanced Recycling Corp., Trident Fuels (Pty) Ltd, Niutech, Quantafuel ASA, Ensyn, Twence, Green Fuel Nordic Oy, Alterra Energy, New Hope Energy, Bioenergy AE Côte-Nord. Other players operating in the market are Pyro-Oil Nig. Ltd., SetraKlean Industries Inc., BTG Biomass Technology Group, Agile Process Chemicals LLP and OMV Aktiengesellschaft.

KEY FINDINGS OF THE STUDY:

On the basis of feedstock, the plastic segment has acquired the highest market share, in terms of revenue during the forecast period.

On the basis of the process, fast pyrolysis is projected as the fastest-growing segment in terms revenue of during the forecast period.

On the basis of end-use, the heat and power segment has acquired major market share, in terms revenue of during the forecast period.

Region-wise, Asia-Pacific garnered the highest share in 2021 in terms of revenue and is expected to maintain its dominance during the forecast period.

Companies Mentioned

  • Bioenergy AE Cote-Nord
  • New Hope Energy
  • Green Fuel Nordic Oy
  • Agilyx
  • OMV Aktiengesellschaft
  • Plastic Advanced Recycling Corp.
  • Quantafuel ASA
  • Alterra Energy
  • Ensyn
  • Niutech

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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