ACCESS Newswire
20 Feb 2020, 21:31 GMT+10
Stakeholders in waste-derived pyrolysis oil market must scale-up their investments in R&D activities to create alternative fuel sourced from biomass, rubber and plastic for a stronger market foothold.
DUBAI, UAE / ACCESSWIRE / February 20, 2020 / Steered by heightening demand for fossil fuel alternatives, waste-derived pyrolysis oil market will exhibit a steady CAGR of 4.5% over the forecast period (2019-2029). The market is set to witness approximately 1.6X value expansion between 2019 and 2029. Climate change will continue to propel the market growth, projects the new FMI study.
'Waste-derived pyrolysis oil market is still in its nascent stage. However, it is gaining notable momentum on the back of challenges imposed by aggravating climatic conditions. Moreover, fluctuating prices of conventional fossil fuels are compelling manufacturers to develop better alternatives,' concludes the FMI report.
Download PDF sample of the 380-page report on waste-derived pyrolysis oil market https://www.futuremarketinsights.com/reports/sample/rep-gb-11058.
Key Takeaways of Waste-derived Pyrolysis Oil Market Study
Waste-derived Pyrolysis Oil Market - Top Growth Drivers
Waste-derived Pyrolysis Oil Market - Key Restraints
Explore 52 tables and 206 figures in the study. Request ToC of the report at https://www.futuremarketinsights.com/askus/rep-gb-11058
Competitive Landscape
The competitive landscape of global waste-derived pyrolysis oil market is moderately consolidated in nature. Leading manufacturers profiled in this report include, but are not limited to, Ensyn, Dow Inc., Honeywell UOP, BASF SE, ConocoPhillips, Enerkem, and Agilyx, Inc. Prominent players possess the resources to conduct extensive R&D activities and broaden their production capacity. Moreover, they continue to opt for inorganic growth strategies such as joint ventures and collaborations along with organic growth strategies such as product development. The upcoming decade will witness the rise of new players in global waste-derived pyrolysis oil market amidst fluctuating oil prices and establishment of inexpensive pyrolysis units.
More About the Report
This 380-page study offers an in-depth market forecast and analysis on waste-derived pyrolysis oil market. The major categories encompassed by the report include fuel type (refined and unrefined), pyrolysis process (fast and flash), source (plastic, biomass and rubber), end-use (food flavoring, bio refineries, automotive fuel, heat & power) across seven regions (East Asia, South Asia, Europe, Latin America, North America, Oceania, Middle East & Africa).
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact
Abhishek Buhdoliya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
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Market Report: https://www.futuremarketinsights.com/reports/waste-derived-pyrolysis-oil-market
Press Release Source: https://www.futuremarketinsights.com/press-release/waste-derived-pyrolysis-oil-market
SOURCE: Future Market Insights
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