Global Waste to Diesel Market Will Grow
Reportlinker.com has announced the release of the report “Global Waste to Diesel Industry” focusing on the period from 2020 to 2027.
The municipal waste sector is one of the segments analyzed in the report. This sector is projected to record a 9.5 percent compound annual growth rate (CAGR) and reach 524.2 million US-Dollar by the end of the analysis period. “After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the oil and fat waste segment is readjusted to a revised 8.7 percent CAGR for the next 7-year period,” the provider informed. According to Reportlinker.com, this market in the USA was estimated at 165.3 million US-Dollar in the year 2020. China, the world’s second-largest economy, is forecast to reach a projected market size of 176.8 Million US-Dollar by the year 2027 trailing a CAGR of 8.4 percent over the analysis period 2020 to 2027. “Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.3 percent and 7.3 percent respectively over the 2020-2027 period,” the market research firm wrote in a press release. “Within Europe, Germany is forecast to grow at approximately 7.3 percent CAGR.”
In the global plastic waste segment, the USA, Canada, Japan, China and Europe would drive the 8.4 percent CAGR estimated for this segment. These regional markets accounting for a combined market size of 97.6 million US-Dollar in the year 2020 would reach a projected size of 171.2 million US-Dollar by the close of the analysis period. “China will remain among the fastest-growing in this cluster of regional markets.”
Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific would be forecast to reach 117.8 million US-Dollar by the year 2027.
www.reportlinker.com/p06033273/?utm_source=GNW
(Published in GLOBAL RECYCLING Magazine 2/2021, Page 12, Photo: VIVIANE MONCONDUIT / pixabay.com )