U.S.Plastic-to-fuel Market Competitive Growth Strategies Based on Type, Applications, End User. – Market Research Blog

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.

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.

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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.

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.

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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.

U.S. Plastic-to-fuel Market Segmentation by Revenue Generating ModelThe U.S. plastic-to-fuel market has been segmented in to three revenue generating models, wherein the market revenues can be generated through sale of processors, sale of fuels and royalties earned by companies with proprietary technologies. The revenue generated through sale of processors accounted for the leading share in 2020.
U.S. Plastic-to-fuel Market: Government GrantsAs far as the government grants for recycling technologies is concerned, Pyrolysis, which is widely used to convert waste plastic into fuel is not eligible for recycling grants offered by state governments.

This is due to the fact that the technology is not categorized under recycling technology and is called conversion technology. However, it can still fetch government grants for green job creation and credits incentives for starting a unit in rural area.

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