Waste-derived Pyrolysis Oil Market to Soar at CAGR 4.5% 2019-2029
Posted by ankush321 on February 25th, 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.
Key Takeaways of Waste-derived Pyrolysis Oil Market Study
Waste-derived Pyrolysis Oil Market - Top Growth Drivers
Waste-derived Pyrolysis Oil Market - Key Restraints
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.
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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 largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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