Abstract
Summary
Asia-Pacific advanced recycling technologies market is expected to reach USD 172,622.30 Thousad by 2030 from USD 100,874.34 Thousand in 2022, growing at a CAGR of 7.4% during the forecast period of 2023 to 2030.
Market Segmentation:
Asia-Pacific Advanced Recycling Technologies Market, By Technology (Pyrolysis/Cracking, Gasification, Depolymerization, and Microwave ), Process Output (Naphtha, Heavy Gas Oil, and Wax Residue), End Use (Packaging, Infrastructure & Construction, Consumer Electronics, and Automotive), Country (India, China, South Korea, Japan, Taiwan, Australia & New Zealand, Malaysia, Philippines, Indonesia, Singapore, Thailand, Rest of Asia-Pacific) - Industry Trends and Forecast to 2030
Overview of Asia-Pacific Advanced Recycling Technologies Market Dynamics:
Driver
• Positive outlook toward sustainable plastic waste management
Restraints/Challenges
• High investment costs associated with the initial installation of equipment and facilities
Opportunities
• Extensive scope of synergizing the expertise between technological providers and chemical manufacturers
Market Players:
Some of the key market players operating in the Asia-Pacific advanced recycling technologies market are listed below:
• BlueAlp Innovations BV
• Pyrowave
• Enerkem
• Recycling Avenue
• Gr3n Recycling
• PLASTIC ENERGY
• Quantafuel ASA
• Loop Industries, Inc.
• Agilyx
• Honeywell International Inc.
• Polystyvert
• Olefy Technologies Ltd.
• Mura Technology Limited
• Chevron Phillips Chemical Company LLC
• GARBO SRL
• Brightmark
• Synova
Table of Contents
1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 OVERVIEW 20
1.4 LIMITATIONS 21
1.5 MARKETS COVERED 22
2 MARKET SEGMENTATION 25
2.1 MARKETS COVERED 25
2.2 GEOGRAPHICAL SCOPE 26
2.3 YEARS CONSIDERED FOR THE STUDY 27
2.4 CURRENCY AND PRICING 27
2.5 DBMR TRIPOD DATA VALIDATION MODEL 28
2.6 TECHNOLOGY LIFELINE CURVE 31
2.7 MULTIVARIATE MODELING 32
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 33
2.9 DBMR MARKET POSITION GRID 34
2.10 DBMR MARKET CHALLENGE MATRIX 35
2.11 DBMR VENDOR SHARE ANALYSIS 36
2.12 SECONDARY SOURCES 37
2.13 ASSUMPTIONS 38
3 EXECUTIVE SUMMARY 39
4 PREMIUM INSIGHTS 41
4.1 PORTER'S FIVE FORCES 42
4.1.1 THREAT OF NEW ENTRANTS 42
4.1.2 THREAT OF SUBSTITUTES 43
4.1.3 CUSTOMER BARGAINING POWER 43
4.1.4 SUPPLIER BARGAINING POWER 43
4.1.5 INTERNAL COMPETITION (RIVALRY) 44
4.2 VENDOR SELECTION CRITERIA 45
4.3 PESTLE ANALYSIS 47
4.3.1 POLITICAL FACTORS 47
4.3.2 ECONOMIC FACTORS 48
4.3.3 SOCIAL FACTORS 48
4.3.4 TECHNOLOGICAL FACTORS 48
4.3.5 LEGAL FACTORS 49
4.3.6 ENVIRONMENTAL FACTORS 49
4.4 CLIMATE CHANGE SCENARIO 50
4.4.1 ENVIRONMENTAL CONCERNS 50
4.4.2 INDUSTRY RESPONSE 50
4.4.3 GOVERNMENT’S ROLE 51
4.4.4 ANALYST RECOMMENDATION 51
4.5 RAW MATERIAL COVERAGE 52
4.6 TECHNOLOGICAL ADVANCEMENTS 53
5 REGULATION COVERAGE 54
5.1 REGULATORY FRAMEWORK AND GUIDELINES 54
6 MARKET OVERVIEW 56
6.1 DRIVERS 58
6.1.1 SHIFTING INCLINATION TOWARDS CIRCULAR ECONOMY FROM COMPANIES AND VARIOUS GOVERNMENTS 58
6.1.2 POSITIVE OUTLOOK TOWARDS SUSTAINABLE PLASTIC WASTE MANAGEMENT 59
6.1.3 INCREASING CAPABILITY OF CHEMICAL COMPANIES TO UNLOCK VALUABLE RESOURCES THROUGH INNOVATIVE RECYCLING METHODS 60
6.2 RESTRAINTS 61
6.2.1 THE LACK OF WELL-ESTABLISHED RECYCLING INFRASTRUCTURE AND LOGISTICAL CHALLENGE 61
6.2.2 HIGH INVESTMENT COST ASSOCIATED WITH INITIAL INSTALLATION OF EQUIPMENT AND FACILITIES 62
6.3 OPPORTUNITIES 63
6.3.1 RISING ACCESS TOWARDS PREMIUM QUALITY EQUIPMENT AND CONSUMABLES FOR INDUCING RECYCLING PRACTICES 63
6.3.2 EXTENSIVE SCOPE OF SYNERGIZING THE EXPERTISE BETWEEN TECHNOLOGICAL PROVIDERS AND CHEMICAL MANUFACTURERS 63
6.4 CHALLENGE 64
6.4.1 ISSUES ASSOCIATED WITH HANDLING OF RECYCLABLE WASTE 64
7 ASIA PACIFIC ADVANCED RECYCLING TECHNOLOGIES MARKET, BY TECHNOLOGY 65
7.1 OVERVIEW 66
7.2 PYROLYSIS/CRACKING 67
7.3 GASIFICATION 68
7.4 DEPOLYMERIZATION 68
7.5 MICROWAVE 69
8 ASIA PACIFIC ADVANCED RECYCLING TECHNOLOGIES MARKET, BY PROCESS OUTPUT 70
8.1 OVERVIEW 71
8.2 NAPHTHA 72
8.3 HEAVY GAS OIL 73
8.4 WAX RESIDUE 73
9 ASIA PACIFIC ADVANCED RECYCLING TECHNOLOGIES MARKET, BY END USE 74
9.1 OVERVIEW 75
9.2 PACKAGING 76
9.2.1 NON-FOOD PACKAGING 76
9.2.2 FOOD & BEVERAGES PACKAGING 76
9.3 INFRASTRUCTURE & CONSTRUCTION 76
9.4 CONSUMER ELECTRONICS 78
9.5 AUTOMOTIVE 78
10 ASIA PACIFIC ADVANCED RECYCLING TECHNOLOGIES MARKET, BY REGION 79
10.1 ASIA-PACIFIC 80
10.1.1 INDIA 85
10.1.2 CHINA 86
10.1.3 SOUTH KOREA 87
10.1.4 JAPAN 88
10.1.5 TAIWAN 89
10.1.6 AUSTRALIA & NEW ZEALAND 90
10.1.7 MALAYSIA 91
10.1.8 PHILIPPINES 92
10.1.9 INDONESIA 93
10.1.10 SINGAPORE 94
10.1.11 THAILAND 95
10.1.12 REST OF ASIA-PACIFIC 96
11 ASIA PACIFIC ADVANCED RECYCLING TECHNOLOGIES MARKET: COMPANY LANDSCAPE 97
11.1 COMPANY SHARE ANALYSIS: ASIA PACIFIC 97
11.2 COLLABORATION 98
11.3 PLANT CONSTRUCTION 98
11.4 CONSTRUCTION COMMENCEMENT 99
11.5 JOINT VENTURE 99
11.6 PRODUCTION CAPACITY 99
12 SWOT ANALYSIS 100
13 COMPANY PROFILES 101
13.1 HONEYWELL INTERNATIONAL INC 101
13.1.1 COMPANY SNAPSHOT 101
13.1.2 REVENUE ANALYSIS 101
13.1.3 COMPANY SHARE ANALYSIS 102
13.1.4 PRODUCT PORTFOLIO 102
13.1.5 RECENT DEVELOPMENTS 102
13.2 CHEVRON PHILLIPS CHEMICAL COMPANY LLC 104
13.2.1 COMPANY SNAPSHOT 104
13.2.2 COMPANY SHARE ANALYSIS 104
13.2.3 PRODUCT PORTFOLIO 104
13.2.4 RECENT DEVELOPMENTS 105
13.3 SYNOVA 106
13.3.1 COMPANY SNAPSHOT 106
13.3.2 COMPANY SHARE ANALYSIS 106
13.3.3 PRODUCT PORTFOLIO 106
13.3.4 RECENT DEVELOPMENTS 107
13.4 ENERKEM 108
13.4.1 COMPANY SNAPSHOT 108
13.4.2 COMPANY SHARE ANALYSIS 108
13.4.3 PRODUCT PORTFOLIO 109
13.4.4 RECENT DEVELOPMENTS 109
13.5 BRIGHTMARK 111
13.5.1 COMPANY SNAPSHOT 111
13.5.2 COMPANY SHARE ANALYSIS 111
13.5.3 PRODUCT PORTFOLIO 112
13.5.4 RECENT DEVELOPMENTS 112
13.6 AGILYX 114
13.6.1 COMPANY SNAPSHOT 114
13.6.2 REVENUE ANALYSIS 114
13.6.3 PRODUCT PORTFOLIO 115
13.6.4 RECENT DEVELOPMENTS 115
13.7 BLUEALP INNOVATIONS BV 117
13.7.1 COMPANY SNAPSHOT 117
13.7.2 PRODUCT PORTFOLIO 117
13.7.3 RECENT DEVELOPMENT 117
13.8 GARBO SRL 118
13.8.1 COMPANY SNAPSHOT 118
13.8.2 PRODUCT PORTFOLIO 118
13.8.3 RECENT DEVELOPMENTS 118
13.9 GR3N RECYCLING 119
13.9.1 COMPANY SNAPSHOT 119
13.9.2 PRODUCT PORTFOLIO 119
13.9.3 RECENT DEVELOPMENTS 120
13.10 LOOP INDUSTRIES, INC 121
13.10.1 COMPANY SNAPSHOT 121
13.10.2 PRODUCT PORTFOLIO 121
13.10.3 RECENT DEVELOPMENTS 122
13.11 MURA TECHNOLOGY LIMITED 123
13.11.1 COMPANY SNAPSHOT 123
13.11.2 PRODUCT PORTFOLIO 123
13.11.3 RECENT DEVELOPMENTS 124
13.12 OLEFY TECHNOLOGIES LTD 126
13.12.1 COMPANY SNAPSHOT 126
13.12.2 PRODUCT PORTFOLIO 126
13.12.3 RECENT DEVELOPMENTS 126
13.13 PLASTIC ENERGY 127
13.13.1 COMPANY SNAPSHOT 127
13.13.2 PRODUCT PORTFOLIO 127
13.13.3 RECENT DEVELOPMENTS 128
13.14 POLYSTYVERT 129
13.14.1 COMPANY SNAPSHOT 129
13.14.2 PRODUCT PORTFOLIO 129
13.14.3 RECENT DEVELOPMENTS 130
13.15 PYROWAVE 131
13.15.1 COMPANY SNAPSHOT 131
13.15.2 PRODUCT PORTFOLIO 131
13.15.3 RECENT DEVELOPMENT 132
13.16 QUANTAFUEL ASA 133
13.16.1 COMPANY SNAPSHOT 133
13.16.2 REVENUE ANALYSIS 133
13.16.3 PRODUCT PORTFOLIO 134
13.16.4 RECENT DEVELOPMENT 134
13.17 RECYCLING AVENUE 135
13.17.1 COMPANY SNAPSHOT 135
13.17.2 PRODUCT PORTFOLIO 135
13.17.3 RECENT DEVELOPMENT 135
14 QUESTIONNAIRE 136
15 RELATED REPORTS 139