Global Pyrolysis Oil Market – Industry Trends and Forecast to 2029

Análise e dimensão do mercado

Tem havido preocupações ambientais crescentes e um rápido esgotamento do abastecimento de combustíveis fósseis, devido ao qual o sector energético está progressivamente a mudar para um caminho mais sustentável e eficiente. O óleo de pirólise tem potencial para ser uma alternativa viável ao diesel nos motores de ignição por compressão. Isto poderá aumentar ainda mais a procura pelo mercado de óleo de pirólise. Além disso, os participantes do mercado estão focados nos recursos de combustíveis alternativos, a fim de diminuir a dependência de uma única fonte de energia e utilizar uma variedade de fontes de energia renováveis. Estes fatores irão alimentar ainda mais o consumo e a adoção do óleo de pirólise em todo o mundo, auxiliando assim o crescimento do mercado mesmo durante o período de previsão.

O mercado global de óleo de pirólise foi avaliado em 315,69 milhões de dólares em 2021 e deverá atingir os 448,95 milhões de dólares até 2029, registando um CAGR de 4,50% durante o período de previsão de 2022-2029. Além dos insights de mercado, tais como o valor de mercado, a taxa de crescimento, os segmentos de mercado, a cobertura geográfica, os participantes do mercado e o cenário de mercado, o relatório de mercado com curadoria da equipa Data Bridge Market Research inclui também uma análise especializada aprofundada, análise de importação/exportação , análise de preços, análise de consumo de produção e cenário da cadeia climática.

Âmbito do relatório e segmentação de mercado

Definição de mercado

O óleo de pirólise refere-se a uma substância líquida obtida no processo de pirólise e posterior arrefecimento que é um combustível sintético fabricado como substituto do petróleo. O produto, também conhecido como biocrude ou bio-óleo, é uma mistura complexa de moléculas que geralmente compreende mais de 200 compostos diferentes resultantes da despolimerização de produtos tratados em pirólise. Esta é uma das fontes proeminentes de produtos bioquímicos e compostos renováveis ​​que servem diversas indústrias.  

Dinâmica do mercado do óleo de pirólise

Esta secção trata da compreensão dos impulsionadores do mercado, vantagens, oportunidades, restrições e desafios. Tudo isto é discutido em detalhe abaixo:

Motoristas

• Elevada procura por aplicação de calor e energia

Durante o período de previsão, espera-se que a utilização de óleo de pirólise em turbinas a gás e motores diesel para criar calor e eletricidade proporcione oportunidades atrativas para o desenvolvimento do mercado de óleo de pirólise. Cinco fábricas nos Estados Unidos produzem gasóleo renovável, com uma capacidade total de mais de 590 milhões de galões por ano. Com 2 mil milhões de galões de capacidade em desenvolvimento em seis fábricas e expansão em três fábricas existentes, a produção deverá aumentar num futuro próximo. É provável que a utilização de óleo de pirólise nas caldeiras aumente durante o período de projecção, uma vez que o óleo de pirólise pode reduzir as emissões de carbono em 90 por cento. Como resultado, pode ser utilizado para substituir o gás natural, bem como os óleos combustíveis pesados ​​e leves, resultando num aumento da procura de óleo de pirólise.

• Aumento da adoção de alternativas de combustíveis ecológicos

Há uma compreensão crescente das consequências negativas da utilização de combustíveis fósseis. Nos países em desenvolvimento, está em curso muita investigação e desenvolvimento para identificar alternativas aos combustíveis fósseis tradicionais. O sector da energia tem vindo a desenvolver-se rapidamente nos últimos anos devido ao aumento das preocupações ambientais e ao rápido esgotamento das fontes de combustíveis fósseis, e as partes interessadas procuram soluções sustentáveis ​​e energeticamente eficientes. O aumento da procura de combustível sustentável aumenta ainda mais a procura do mercado de óleo de pirólise.

Furthermore, the rise in energy expenditure and surge in prices of petroleum products in many countries will further propel the growth rate of pyrolysis oil market. Additionally, the increase in infrastructure development activities globally and rapid industrialization will also drive market value growth. The increasing energy security concerns in developing economies are also projected to bolster the market's growth.

Opportunities

• Inclination towards Renewable Energy Source and Energy Security

Furthermore, the growing inclination towards utilizing renewable energy sources and research and development activities to develop alternative fuels extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the increase in focus on enhancing energy security will further expand the future growth of the pyrolysis oil market.

Restraints/Challenges

• Complexity in Storage and Transportation

The problems associated to storage and transportation of pyrolysis oil will create hindrances for the growth of the pyrolysis oil market.

• Negative Impact of COVID-19

With the unfavorable conditions arising due to the COVID-19 outbreak such as rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply. This has led to emergence of various challenges for the pyrolysis oil market growth rate.

This pyrolysis oil market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pyrolysis oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Pyrolysis Oil Market

The recent outbreak of coronavirus had a negative impact on the pyrolysis oil market, as it affected the global economic condition along with the power generation and automotive fuel industry. With the government regulation of social distancing, constraint in the movement and complete shut downs led to the delayed operations, shutdown of several units in industries dependent on pyrolysis oil, and small business dependent on pyrolysis oil as the source for their manufacturing product. As a result of these variables, waste-derived pyrolysis oil has a low consumption rate. Further reductions in the usage of automotive fuel for automobiles hampered the business of waste-derived pyrolysis oils, which are mixed fuels used in motor vehicle energy generation.

However, when the economy improves and the performance of industries, power generation, and the automobile fuel sector improves, waste-derived pyrolysis oils demand is predicted to return to its previous level post-pandemic.

Recent Development

• In October 2020, Borealis AG was acquired by OMV Aktiengesellschaft, which now owns 39 percent of the company. OMV Aktiengesellschaft now has a 75 percent stake in Borealis AG as a result of this acquisition. The overall value of the transaction was estimated to be roughly US$ 4.68 billion. OMV has spent years gaining scale in exploration and production, refining, and petrochemicals, and this move is the culmination of that effort.

Global Pyrolysis Oil Market Scope

The pyrolysis oil market is segmented on the basis of fuel, feedstock, process, raw material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Fuel

• Diesel
• Gasoline
• Fuel Oil
• Others

 Feedstock

• Plastic
• LDPE
• HDPE
• PP
• Rubber
• Biomass
• Lignocellulosic Biomass
• Bagasse

 Process

• Fast Pyrolysis
• Flash Pyrolysis

Raw Material

• Waste Plastic
• Waste Tire
• Waste Rubber
• Oil Sludge

Application

• Fuels
• Chemicals
• Heat and Power

Pyrolysis Oil Market Regional Analysis/Insights

The pyrolysis oil market is analyzed and market size insights and trends are provided by country, fuel, feedstock, process, raw material and application as referenced above.

The countries covered in the pyrolysis oil market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the growth of the industrial diesel engines and industrial boilers industry, use as an alternative for fossil fuel, use for deviating new products and government support within the region.

On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the favorable government policies and regulations to promote the development of renewable energy technologies in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Pyrolysis Oil Market Share Analysis

The pyrolysis oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pyrolysis oil market.

Some of the major players operating in the pyrolysis oil market are

• Agile Process Chemicals LLP (India)
• Klean Industries (Canada)
• BTG Biomass Technology Group (Netherlands)
• Trident Limited, India (India)
• Pyro-Oil Nig. Ltd. (Nigeria)
• Setra Systems (U.S.)
• Agilyx, Inc (U.S.)
• Alterra Mountain Company (U.S.)
• P2O® Technology (U.S.)
• Nexus Circular (U.S.)
• Plastic Advanced Recycling Corp. (U.S.)
• Brightmark LLC (U.S.)
• OMV Aktiengesellschaft (Austria)
• Niutech Environment Technology Corporation (China)
• ETIA Group (France)
• Chevron Phillips Chemical Company LLC (U.S.)
• Divya International (India)
• Ecomation Oy (Finland)
• Kingtiger(shanghai) Environmental Technology Co., Ltd. (China)
• ReCor Medical, Inc. (U.S.)

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