Future Market
Insights (FMI) announces the release of its latest report titled, “Plastic-to-fuel Market: U.S. Industry
Analysis and Opportunity Assessment 2015 - 2020”. As per FMI’s projection,
the U.S. Plastic-to-fuel market is estimated to generate US$ 42.78 million in
revenues in 2015, which is likely to reach US$ 98.26 million in 2020
representing a CAGR of 6.79% through the forecast period of 2016 to 2020.
Increasing Use of
Plastics & Need for Developing Alternative Fuels: Key Drivers for U.S.
Plastic-to-Fuel Market
The U.S.
Plastic-to-fuel market is driven by number of factors such as increasing
use of plastic, leading to easy availability of feedstock. As estimated by the
U.S. Environmental Protection Agency (EPA), plastics accounted for
approximately 12.7% of the total Municipal Solid Waste (MSW) generation in the
U.S. in 2012.
Strong need for an alternative fuel due to depleting
natural hydrocarbon resources across the globe is also a strong driver for
growth of the U.S. plastic-to-fuel market. Furthermore, increasing tipping cost
of landfills, coupled with a need for solid plastic waste recycling technology
is amongst key factors leading to growth in the market.
However, high initial setup cost of waste processing
facilities, in addition to technological complexities occurring due to delicate
relationship between type of waste plastic processed, technology, and the
output can pose key challenges for growth.
Browse Full: "Plastic-to-fuel
Market: U.S. Industry Analysis and Opportunity Assessment 2015 - 2020"
Market Research Report at http://www.futuremarketinsights.com/reports/details/us-plastic-to-fuel-market
Revenue Generated
through Sale of Processor: Key Segment in the U.S. Plastic-to-Fuel Market
The U.S. plastic-to-fuel market is segmented on the basis
of revenue generation models followed by key market players. Revenue generation
models include revenue earned through sale of processors, revenue earned by
sale of fuel produced using conversion technology, and revenues grossed through
royalties.
Amongst other segments, revenue generated through sale of
processor is estimated to account for approximately 70% of the total
plastic-to-fuel market in the U.S. However, revenues earned through royalties
is anticipated to witness a CAGR of 7.81% during the forecast period, despite
expected to account for a negligible share in revenue in 2020.
Revenue generated through sale of fuels is estimated to
account for less than 40% of the total market in 2020. This model is likely to
exhibit a lower CAGR as compared to other segments, which can be attributed to
a number of technical difficulties faced during the plastic-to-fuel conversion
process.
Fuels produced through conversion technologies are
further divided into crude oil and diesel. Amongst these, crude oil market is
anticipated to witness a high CAGR of 7.81% during the forecast period.
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Report: http://www.futuremarketinsights.com/reports/sample/rep-us-448
Competitive
Landscape
Key players in plastic-to-fuel business in the U.S. are
Plastic2Oil, Vadaxx Energy, Agilyx Corporation and RES Polyflow. The companies
active in the market are undergoing expansion plans within and outside the
countries. However, one of the key players in the market recently announced
closure of one of the plastic-to-oil production facility.
Key market players target landfills, municipalities and
major industrial plastic waste generators to ensure constant feedstock
availability. Companies are raising capital through equity investors to
implement these conversion technologies.
About Us
Future Market
Insights (FMI) is a leading market intelligence and consulting firm. We
deliver syndicated research reports, custom research reports and consulting
services which are personalized in nature. FMI delivers a complete packaged
solution, which combines current market intelligence, statistical anecdotes,
technology inputs, valuable growth insights and an aerial view of the
competitive framework and future market trends.
Our research services cover global as well as regional
emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad
spectrum of industries including Chemicals, Materials, Energy, Technology,
Healthcare and Retail. FMI’s operating model blends cross-disciplinary research
experience to deploy in-depth, insightful and actionable research.
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