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The Global Market for Advanced Plastics Recycling 2023-2040

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  • 218 Pages
  • April 2023
  • Region: Global
  • Future Markets, Inc
  • ID: 5780738

Advanced recycling technologies that utilize heat or chemical solvents to recycle plastics into new plastics, fuels or chemicals are a key strategy for solving the global plastic problem. 

Advanced chemical recycling technologies are now being developed by around 130 companies worldwide, and capacities are increasing. Companies including ExxonMobil, New Hope Energy, Nexus Circular, Eastman, Encina are planning to build large plastics recycling plants.

As well as complementing traditional mechanical recycling, advanced recycling offers benefits such as widening the range of recyclable plastic options, producing high value plastics (e.g. for flexible food packaging) and improving sustainability (using waste rather than fossil fuels for plastics production). 

Report contents include:

  • Overview of the global plastics and bioplastics markets.
  • Market drivers and trends.
  • Advanced plastics recycling industry developments 2020-2023.
  • Capacities by technology. 
  • Market maps and value chain. 
  • In-depth analysis of advanced plastics recycling technologies. 
  • Advanced plastics recycling technologies covered include:
    • Pyrolysis
    • Gasification
    • Dissolution
    • Depolymerisation
    • Emerging technologies.
  • Profiles of 144 companies. Companies profiled include Agilyx, APK AG, Aquafil, Carbios, Eastman, Extracthive, Fych Technologies, Garbo, gr3n SA, Ioniqa, Itero, Licella, Mura Technology, revalyu Resources GmbH, Plastogaz SA, Plastic Energy, Polystyvert, Pyrowave, Synova and SABIC.


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Table of Contents

3.1 Global production of plastics
3.2 The importance of plastic
3.3 Issues with plastics use
3.4 Bio-based or renewable plastics
3.4.1 Drop-in bio-based plastics
3.4.2 Novel bio-based plastics
3.5 Biodegradable and compostable plastics
3.5.1 Biodegradability
3.5.2 Compostability
3.6 Plastic pollution
3.7 Policy and regulations
3.8 The circular economy
3.9 Plastic recycling
3.9.1 Mechanical recycling Closed-loop mechanical recycling Open-loop mechanical recycling Polymer types, use, and recovery
3.9.2 Advanced chemical recycling Main streams of plastic waste Comparison of mechanical and advanced chemical recycling

4.1 Market drivers and trends
4.2 Industry developments 2020-2023
4.3 Capacities
4.4 Global polymer demand 2022-2040, segmented by recycling technology
4.5 Global market by recycling process
4.6 Chemically recycled plastic products
4.7 Market map
4.8 Value chain
4.9 Life Cycle Assessments (LCA) of advanced chemical recycling processes
4.10 Market challenges

5.1 Applications
5.2 Pyrolysis
5.2.1 Non-catalytic
5.2.2 Catalytic Polystyrene pyrolysis Pyrolysis for production of bio fuel Used tires pyrolysis Conversion to biofuel Co-pyrolysis of biomass and plastic wastes
5.2.3 SWOT analysis
5.2.4 Companies and capacities
5.3 Gasification
5.3.1 Technology overview Syngas conversion to methanol Biomass gasification and syngas fermentation Biomass gasification and syngas thermochemical conversion
5.3.2 SWOT analysis
5.3.3 Companies and capacities (current and planned)
5.4 Dissolution
5.4.1 Technology overview
5.4.2 SWOT analysis
5.4.3 Companies and capacities (current and planned)
5.5 Depolymerisation
5.5.1 Hydrolysis Technology overview SWOT analysis
5.5.2 Enzymolysis Technology overview SWOT analysis
5.5.3 Methanolysis Technology overview SWOT analysis
5.5.4 Glycolysis Technology overview SWOT analysis
5.5.5 Aminolysis Technology overview SWOT analysis
5.5.6 Companies and capacities (current and planned)
5.6 Other advanced chemical recycling technologies
5.6.1 Hydrothermal cracking
5.6.2 Pyrolysis with in-line reforming
5.6.3 Microwave-assisted pyrolysis
5.6.4 Plasma pyrolysis
5.6.5 Plasma gasification
5.6.6 Supercritical fluids
5.6.7 Carbon fiber recycling Processes Companies

6 COMPANY PROFILES (144 company profiles)7 REFERENCES
List of Tables
Table 1. Types of recycling
Table 2. Issues related to the use of plastics
Table 3. Type of biodegradation
Table 4. Overview of the recycling technologies
Table 5. Polymer types, use, and recovery
Table 6. Composition of plastic waste streams
Table 7. Comparison of mechanical and advanced chemical recycling
Table 8. Market drivers and trends in the advanced plastics recycling market
Table 9. Advanced plastics recycling industry developments 2020-2023
Table 10. Advanced plastics recycling capacities, by technology
Table 11. Example chemically recycled plastic products
Table 12. Life Cycle Assessments (LCA) of Advanced Chemical Recycling Processes
Table 13. Challenges in the advanced recycling market
Table 14. Applications of chemically recycled materials
Table 15. Summary of non-catalytic pyrolysis technologies
Table 16. Summary of catalytic pyrolysis technologies
Table 17. Summary of pyrolysis technique under different operating conditions
Table 18. Biomass materials and their bio-oil yield
Table 19. Biofuel production cost from the biomass pyrolysis process
Table 20. Pyrolysis companies and plant capacities, current and planned
Table 21. Summary of gasification technologies
Table 22. Advanced recycling (Gasification) companies
Table 23. Summary of dissolution technologies
Table 24. Advanced recycling (Dissolution) companies
Table 25. Depolymerisation processes for PET, PU, PC and PA, products and yields
Table 26. Summary of hydrolysis technologies-feedstocks, process, outputs, commercial maturity and technology developers
Table 27. Summary of Enzymolysis technologies-feedstocks, process, outputs, commercial maturity and technology developers
Table 28. Summary of methanolysis technologies-feedstocks, process, outputs, commercial maturity and technology developers
Table 29. Summary of glycolysis technologies-feedstocks, process, outputs, commercial maturity and technology developers
Table 30. Summary of aminolysis technologies
Table 31. Advanced recycling (Depolymerisation) companies and capacities (current and planned)
Table 32. Overview of hydrothermal cracking for advanced chemical recycling
Table 33. Overview of Pyrolysis with in-line reforming for advanced chemical recycling
Table 34. Overview of microwave-assisted pyrolysis for advanced chemical recycling
Table 35. Overview of plasma pyrolysis for advanced chemical recycling
Table 36. Overview of plasma gasification for advanced chemical recycling
Table 37. Summary of carbon fiber (CF) recycling technologies. Advantages and disadvantages
Table 38. Retention rate of tensile properties of recovered carbon fibres by different recycling processes
Table 39. Recycled carbon fiber producers, technology and capacity

List of Figures
Figure 1. Global plastics production 1950-2020, millions of tons
Figure 2. Coca-Cola PlantBottle®
Figure 3. Interrelationship between conventional, bio-based and biodegradable plastics
Figure 4. Global production, use, and fate of polymer resins, synthetic fibers, and additives
Figure 5. The circular plastic economy
Figure 6. Current management systems for waste plastics
Figure 7. Global polymer demand 2022-2040, segmented by technology, million metric tons
Figure 8. Global demand by recycling process, 2020-2035, million metric tons
Figure 9. Market map for advanced recycling
Figure 10. Value chain for advanced recycling market
Figure 11. Schematic layout of a pyrolysis plant
Figure 12. Waste plastic production pathways to (A) diesel and (B) gasoline
Figure 13. Schematic for Pyrolysis of Scrap Tires
Figure 14. Used tires conversion process
Figure 15. SWOT analysis-pyrolysis for advanced recycling
Figure 16. Total syngas market by product in MM Nm³/h of Syngas, 2021
Figure 17. Overview of biogas utilization
Figure 18. Biogas and biomethane pathways
Figure 19. SWOT analysis-gasification for advanced recycling
Figure 20. SWOT analysis-dissoluton for advanced recycling
Figure 21. Products obtained through the different solvolysis pathways of PET, PU, and PA
Figure 22. SWOT analysis-Hydrolysis for advanced chemical recycling
Figure 23. SWOT analysis-Enzymolysis for advanced chemical recycling
Figure 24. SWOT analysis-Methanolysis for advanced chemical recycling
Figure 25. SWOT analysis-Glycolysis for advanced chemical recycling
Figure 26. SWOT analysis-Aminolysis for advanced chemical recycling
Figure 27. NewCycling process
Figure 28. ChemCyclingTM prototypes
Figure 29. ChemCycling circle by BASF
Figure 30. Recycled carbon fibers obtained through the R3FIBER process
Figure 31. Cassandra Oil process
Figure 32. CuRe Technology process
Figure 33. MoReTec
Figure 34. Chemical decomposition process of polyurethane foam
Figure 35. Schematic Process of Plastic Energy’s TAC Chemical Recycling
Figure 36. Easy-tear film material from recycled material
Figure 37. Polyester fabric made from recycled monomers
Figure 38. A sheet of acrylic resin made from conventional, fossil resource-derived MMA monomer (left) and a sheet of acrylic resin made from chemically recycled MMA monomer (right)
Figure 39. Teijin Frontier Co., Ltd. Depolymerisation process
Figure 40. The Velocys process
Figure 41. The Proesa® Process
Figure 42. Worn Again products

Companies Mentioned (Partial List)

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
  • CIRC
  • Chian Tianying
  • Chevron Phillips Chemical
  • Clariter
  • Clean Planet Energy
  • Corsair Group International
  • Covestro
  • CreaCycle GmbH
  • CuRe Technology BV
  • DePoly SA
  • Dow Chemical Company
  • Eastman Chemical Company
  • Eco Fuel Technology, Inc
  • Ecopek S.A.
  • Emery Oleochemicals
  • Encina Development Group, LLC
  • Enerkem, Inc.
  • Enval
  • Environmental Solutions (Asia) Pte Ltd
  • Equipolymers GmbH
  • Evonik Industries AG
  • Evrnu
  • Extracthive
  • ExxonMobil
  • Fairmat
  • Fulcrum BioEnergy
  • Futerro
  • Fych Technologies
  • Garbo S.r.l.
  • GreenMantra Technologies
  • Gr3n SA
  • Handerek Technologies
  • Honeywell
  • Indaver nv
  • InEnTec, Inc.
  • INEOS Styrolution
  • Infinited Fiber Company Oy
  • Ioncell Oy
  • Ioniqa Technologies B.V.
  • Itero Technologies
  • Jeplan, Inc.
  • Khepra
  • Klean Industries
  • Lanzatech
  • Loop Industries, Inc.
  • Lummus Technology LLC
  • LyondellBasell Industries Holdings B.V.
  • Mint Innovation
  • Microwave Chemical Co. Ltd.
  • MolyWorks Materials
  • Mote, Inc
  • Mura Technology
  • Nanya Plastics Corporation
  • NatureWorks
  • Neste Oyj
  • New Hope Energy
  • Nexus Circular LLC
  • Next Generation Group (NGR)
  • Novoloop
  • Olefy Technologies
  • Orlen Unipetrol Rpa S.r.o.
  • Österreichische Mineralölverwaltung (OMV)
  • PETRONAS Chemicals Group Berhad
  • Plastic Energy Limited
  • Plastic2Oil, Inc.
  • Plastogaz SA
  • Polycycl
  • Polynate
  • PolyStyreneLoop
  • Polystyvert, Inc.
  • Poseidon Plastics
  • Premirr Plastics, Inc.
  • Pryme BV
  • PureCycle Technologies
  • Pyrowave
  • Qairos Energies
  • QuantaFuel ASA
  • Recenso GmbH
  • Recyc’ELIT
  • ReNew ELP
  • Re:newcell
  • Renew One
  • Repsol
  • Resiclo Oy
  • revalyu Resources GmbH
  • ReVital Polymers, Inc.
  • Rittec Umwelttechnik GmbH
  • Sabic
  • Saperatec GmbH
  • Scindo
  • SCG Chemicals
  • 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
  • Worn Again Technologies
  • Xycle