The Global Circular Economy Chemicals Market was valued at USD 228.4 billion in 2024 and is estimated to grow at a CAGR of 13.5% to reach USD 812.3 billion by 2034.
This industry includes polymers, resins, organic and inorganic chemicals, intermediate materials, and specialty chemicals derived from mechanical and chemical recycling, bio-based feedstocks, and industrial waste recovery. Growth in this sector is accelerating as regulatory frameworks evolve, sustainability commitments intensify, and advanced recycling technologies reach greater maturity. Three major shifts are reshaping the landscape: the large-scale development of chemical and advanced recycling plants for difficult waste streams, the adoption of circular business models across major industrial verticals, and the expansion of certification systems and mass balance approaches that allow companies to verify and commercialize circular content. These trends are generating substantial new demand for circular chemicals across packaging, mobility, electronics, and consumer goods. As industries work toward decarbonization and reduced waste, the circular economy chemicals market continues to gain traction as companies explore innovative pathways to close material loops and reduce their dependence on traditional fossil-based feedstocks.
The circular polymers and plastics segment held a 38% share in 2024 and is expected to grow at a CAGR of 13.5% through 2034. Their dominance stems from the immense global consumption of plastics across packaging, construction, automotive components, electronics, and household products. Rising pressure to reduce plastic waste and improve recycling rates has intensified the need for circular alternatives that can support both environmental and industrial performance requirements.
The mechanical recycling segment accounted for a 32% share in 2024 and is projected to grow at a CAGR of 11.8% between 2025 and 2034. This method maintains its leading position due to its cost-efficiency and practical applicability across post-consumer and post-industrial plastic streams. Its relatively straightforward processing methods make it a widely adopted solution for many end-use industries seeking economical recycling options.
Europe Circular Economy Chemicals Market generated USD 61.7 billion in 2024, reflecting its strong presence in the global circular economy chemicals sector. The region benefits from advanced waste management systems, ambitious policy directives, and extensive recycling infrastructure. Comprehensive initiatives aimed at increasing recycling rates and improving product circularity continue to support the region’s leadership as it pushes toward more sustainable chemical production and waste reduction.
Key companies active in the Global Circular Economy Chemicals Market include BASF SE, Borealis AG, Braskem S.A., Carbios SA, Covestro AG, Dow Inc., DSM-Firmenich, Eastman Chemical Company, Evonik Industries AG, INEOS Group, LG Chem Ltd., Loop Industries Inc., LyondellBasell Industries N.V., Mitsubishi Chemical Group Corporation, Mitsui Chemicals, Inc., Neste Oyj, Reliance Industries Limited, SABIC, Solvay S.A., and Veolia Environnement S.A. Companies operating in the Global Circular Economy Chemicals Market are adopting several strategies to reinforce their competitive standing. Many are expanding partnerships with waste management firms to secure stable access to recycled feedstocks and enhance material traceability. Investments in advanced recycling technologies, such as depolymerization and solvent-based recovery, are helping companies improve output quality and broaden application potential. Firms are also scaling bio-based production capacities to diversify beyond fossil-derived inputs.
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This industry includes polymers, resins, organic and inorganic chemicals, intermediate materials, and specialty chemicals derived from mechanical and chemical recycling, bio-based feedstocks, and industrial waste recovery. Growth in this sector is accelerating as regulatory frameworks evolve, sustainability commitments intensify, and advanced recycling technologies reach greater maturity. Three major shifts are reshaping the landscape: the large-scale development of chemical and advanced recycling plants for difficult waste streams, the adoption of circular business models across major industrial verticals, and the expansion of certification systems and mass balance approaches that allow companies to verify and commercialize circular content. These trends are generating substantial new demand for circular chemicals across packaging, mobility, electronics, and consumer goods. As industries work toward decarbonization and reduced waste, the circular economy chemicals market continues to gain traction as companies explore innovative pathways to close material loops and reduce their dependence on traditional fossil-based feedstocks.
The circular polymers and plastics segment held a 38% share in 2024 and is expected to grow at a CAGR of 13.5% through 2034. Their dominance stems from the immense global consumption of plastics across packaging, construction, automotive components, electronics, and household products. Rising pressure to reduce plastic waste and improve recycling rates has intensified the need for circular alternatives that can support both environmental and industrial performance requirements.
The mechanical recycling segment accounted for a 32% share in 2024 and is projected to grow at a CAGR of 11.8% between 2025 and 2034. This method maintains its leading position due to its cost-efficiency and practical applicability across post-consumer and post-industrial plastic streams. Its relatively straightforward processing methods make it a widely adopted solution for many end-use industries seeking economical recycling options.
Europe Circular Economy Chemicals Market generated USD 61.7 billion in 2024, reflecting its strong presence in the global circular economy chemicals sector. The region benefits from advanced waste management systems, ambitious policy directives, and extensive recycling infrastructure. Comprehensive initiatives aimed at increasing recycling rates and improving product circularity continue to support the region’s leadership as it pushes toward more sustainable chemical production and waste reduction.
Key companies active in the Global Circular Economy Chemicals Market include BASF SE, Borealis AG, Braskem S.A., Carbios SA, Covestro AG, Dow Inc., DSM-Firmenich, Eastman Chemical Company, Evonik Industries AG, INEOS Group, LG Chem Ltd., Loop Industries Inc., LyondellBasell Industries N.V., Mitsubishi Chemical Group Corporation, Mitsui Chemicals, Inc., Neste Oyj, Reliance Industries Limited, SABIC, Solvay S.A., and Veolia Environnement S.A. Companies operating in the Global Circular Economy Chemicals Market are adopting several strategies to reinforce their competitive standing. Many are expanding partnerships with waste management firms to secure stable access to recycled feedstocks and enhance material traceability. Investments in advanced recycling technologies, such as depolymerization and solvent-based recovery, are helping companies improve output quality and broaden application potential. Firms are also scaling bio-based production capacities to diversify beyond fossil-derived inputs.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
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Table of Contents
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2024
Chapter 5 Market Estimates and Forecast, by Type, 2021-2034 (USD Billion) (Kilo Tons)
Chapter 6 Market Estimates and Forecast, by Process, 2021-2034 (USD Billion) (Kilo Tons)
Chapter 7 Market Estimates and Forecast, by End Use Industry, 2021-2034 (USD Billion) (Kilo Tons)
Chapter 8 Market Estimates and Forecast, by Region, 2021-2034 (USD Billion) (Kilo Tons)
Chapter 9 Company Profiles
Companies Mentioned
The companies profiled in this Circular Economy Chemicals market report include:- BASF SE
- Borealis AG
- Braskem S.A.
- Carbios SA
- Covestro AG
- Dow Inc.
- DSM-Firmenich
- Eastman Chemical Company
- Evonik Industries AG
- INEOS Group
- LG Chem Ltd.
- Loop Industries Inc.
- LyondellBasell Industries N.V.
- Mitsubishi Chemical Group Corporation
- Mitsui Chemicals, Inc.
- Neste Oyj
- Reliance Industries Limited
- SABIC
- Solvay S.A.
- Veolia Environnement S.A.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | December 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 228.4 Billion |
| Forecasted Market Value ( USD | $ 812.3 Billion |
| Compound Annual Growth Rate | 13.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
