플라스틱 열분해 시장 예측(-2032년) : 원료 유형별, 프로세스 유형별, 반응기 유형별, 제품 출력별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Plastic Pyrolysis Market is accounted for $0.54 million in 2025 and is expected to reach $1.05 million by 2032 growing at a CAGR of 9.8% during the forecast period. Plastic pyrolysis involves breaking down plastic waste using high temperatures without allowing oxygen to enter the system. During this process, complex plastic polymers degrade into products like pyrolysis oil, gaseous fuel, and solid residue. It serves as an effective method to minimize plastic pollution, decrease reliance on conventional petroleum sources, and generate reusable energy materials. As a key technology in circular economy models, plastic pyrolysis enhances sustainable waste handling and promotes resource recovery from discarded plastics.

Market Dynamics:

Driver:

Shift towards a circular economy

Industries and governments are prioritizing technologies that convert plastic waste into reusable fuels and chemical feedstocks. This shift is motivated by the need to reduce landfill dependency and lower environmental pollution. Pyrolysis enables the reintegration of plastic waste into production cycles, supporting sustainability goals. Growing regulatory pressure to adopt resource-efficient solutions is accelerating industry adoption. As companies emphasize closed-loop models, plastic pyrolysis is becoming a central component of circular waste management strategies.

Restraint:

Inconsistent feedstock quality and availability

Variations in material types such as mixed plastics, contaminated waste, and multilayer packaging reduce process efficiency. These inconsistencies create operational challenges, sometimes lowering oil yield and increasing pre-processing costs. The lack of standardized collection systems further complicates stable feedstock availability. Technologies like AI-enabled sorting and advanced material recovery facilities are being adopted to mitigate these issues. However, feedstock unpredictability remains a key factor limiting scalability across regions.

Opportunity:

Technological advancements and efficiency

Advanced reactor designs, continuous processing systems, and catalytic enhancements are significantly improving conversion rates and product quality. AI-driven process optimization is enabling more consistent outputs and reduced energy consumption. Integration with carbon capture systems and renewable energy inputs is expanding the environmental benefits of pyrolysis. These advancements are attracting investment from petrochemical and energy companies seeking sustainable alternatives. As efficiency improves, pyrolysis is becoming more cost-competitive and commercially viable on a large scale.

Threat:

Lack of standardization and infrastructure

Inconsistent regulatory frameworks across countries hinder investment and long-term planning. Limited infrastructure for collecting, preprocessing, and transporting plastic waste increases processing barriers. The lack of certified end-use applications for pyrolysis oil creates market uncertainty. Industry players are calling for globally aligned certification systems to improve market acceptance. Without coordinated regulations and infrastructure expansion, market deployment may face delays and fragmentation.

Covid-19 Impact:

The COVID-19 pandemic had mixed effects on the plastic pyrolysis industry. Supply chain disruptions temporarily impacted feedstock flows and project timelines. However, rising plastic waste generation from medical and packaging applications highlighted the urgent need for advanced recycling solutions. Governments began accelerating sustainability initiatives, strengthening long-term demand for pyrolysis technologies. Companies shifted toward remote operations, digital monitoring, and decentralized processing models.

The continuous pyrolysis segment is expected to be the largest during the forecast period

The continuous pyrolysis segment is expected to account for the largest market share during the forecast period, due to its high operational efficiency. Continuous systems enable stable processing, reduced downtime, and consistent product output compared to batch systems. These technologies support large-scale waste management operations, making them highly attractive for industrial players. Improved automation and advanced reactors further enhance productivity and yield. Adoption of continuous systems is rising among companies aiming for long-term commercial deployment.

The petrochemical feedstock segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the petrochemical feedstock segment is predicted to witness the highest growth rate, as industries increasingly adopt recycled feedstock to support decarbonization goals. Pyrolysis oil can be refined into naphtha and other key inputs for plastics production, encouraging circular manufacturing practices. Major petrochemical companies are investing in large-scale chemical recycling partnerships to secure sustainable raw materials. Demand is further driven by regulatory pressure to include recycled content in packaging and consumer goods. Advancements in upgrading technologies are improving oil quality for refinery use.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, due to its massive plastic waste generation and strong policy support. Countries such as China, India, and Japan are accelerating investments in chemical recycling infrastructure. The region is adopting pyrolysis to reduce landfill dependence and enhance energy recovery. Rapid industrialization and expanding manufacturing sectors contribute to sustained demand for alternative feedstocks. Strategic collaborations between local governments and global technology providers are strengthening the market.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, supported by rising environmental regulations and strong innovation ecosystems. The region is witnessing rapid expansion of advanced recycling facilities backed by federal and state incentives. Partnerships between waste management firms and petrochemical companies are accelerating project development. Consumers and brands are increasingly demanding recycled content, boosting regional investment. Technological advancements in catalytic pyrolysis and oil upgrading are further driving adoption.

Key players in the market

Some of the key players in Plastic Pyrolysis Market include Plastic Ene, Vadxx Ene, Agilyx, Green Env, Brightmar, Axens, Recycling T, Shell, Nexus Circ, ExxonMob, RES Polyfl, LyondellB, Klean Indu, Plastic2O, and Renewlog.

Key Developments:

In November 2025, LyondellBasell (LYB) and Nippon Paint China, a leading paint manufacturer and service provider, have jointly launched their first collaboration to help close the loop for coating packaging barrels. The announcement was made at the China International Import Expo (CIIE) in November.

In April 2025, Exxon Mobil Corporation announced an agreement with Calpine Corporation, the nation's largest producer of electricity from natural gas, to transport and permanently store up to 2 million metric tons per annum (MTA) of CO2 from Calpine's Baytown Energy Center, a cogeneration facility near Houston. This is part of Calpine's Baytown Carbon Capture and Storage (CCS) Project that is designed to capture the facility's CO2 emissions.

Feedstock Types Covered:

• Polyethylene (LDPE & HDPE)
• Polypropylene (PP)
• Polystyrene (PS)
• PET
• PVC
• Mixed Plastic Waste
• Industrial Plastic Waste

Process Types Covered:

• Batch Pyrolysis
• Semi-Batch Pyrolysis
• Continuous Pyrolysis

Reactor Types Covered:

• Fixed-Bed Reactor
• Fluidized-Bed Reactor
• Rotary Kiln Reactor
• Screw/Auger Reactor
• Vacuum Pyrolysis Unit

Product Outputs Covered:

• Pyrolysis Oil
• Pyrolysis Gas
• Char / Solid Residue
• Waxes
• Chemical Feedstock/Monomers

Applications Covered:

• Fuels
• Petrochemical Feedstock
• Electricity & Heat Generation
• Road Construction Material
• Carbon Black/Activated Carbon
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Plastic Pyrolysis Market, By Feedstock Type

• 5.1 Introduction
• 5.2 Polyethylene (LDPE & HDPE)
• 5.3 Polypropylene (PP)
• 5.4 Polystyrene (PS)
• 5.5 PET
• 5.6 PVC
• 5.7 Mixed Plastic Waste
• 5.8 Industrial Plastic Waste

6 Global Plastic Pyrolysis Market, By Process Type

• 6.1 Introduction
• 6.2 Batch Pyrolysis
• 6.3 Semi-Batch Pyrolysis
• 6.4 Continuous Pyrolysis

7 Global Plastic Pyrolysis Market, By Reactor Type

• 7.1 Introduction
• 7.2 Fixed-Bed Reactor
• 7.3 Fluidized-Bed Reactor
• 7.4 Rotary Kiln Reactor
• 7.5 Screw/Auger Reactor
• 7.6 Vacuum Pyrolysis Unit

8 Global Plastic Pyrolysis Market, By Product Output

• 8.1 Introduction
• 8.2 Pyrolysis Oil
• 8.3 Pyrolysis Gas
• 8.4 Char / Solid Residue
• 8.5 Waxes
• 8.6 Chemical Feedstock/Monomers

9 Global Plastic Pyrolysis Market, By Application

• 9.1 Introduction
• 9.2 Fuels
• 9.3 Petrochemical Feedstock
• 9.4 Electricity & Heat Generation
• 9.5 Road Construction Material
• 9.6 Carbon Black/Activated Carbon
• 9.7 Other Applications

10 Global Plastic Pyrolysis Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Plastic Energy
• 12.2 Vadxx Energy
• 12.3 Agilyx
• 12.4 Green Envirotec
• 12.5 Brightmark
• 12.6 Axens
• 12.7 Recycling Technologies
• 12.8 Shell
• 12.9 Nexus Circular
• 12.10 ExxonMobil
• 12.11 RES Polyflow
• 12.12 LyondellBasell
• 12.13 Klean Industries
• 12.14 Plastic2Oil
• 12.15 Renewlogy