US$ 98.26 Mn Credit to account by U.S. Plastic-to-fuel Market by 2020
Verfasser: pradnya_86 on Wednesday, 12 July 2017Plastic-to-fuel technology is expected to be a game changer in the energy market. There are three revenue models in the U.S. plastic-to-fuel market:
Revenue from sale of processors
Revenue from sale of fuels produced using waste plastic processors
Revenues from royalties earned by sharing proprietary technology.
Drivers & Trends
The global need for an alternative fuel technology due to depleting natural resources, and increasing use of plastic are among the key drivers of the market. Increasing waste plastic generation necessitates for a recycling technology, which reduces landfill waste in addition to converting waste into combustible fuel meeting environmental standards. Abundant raw material availability coupled with their low cost (sometimes zero cost) attracts more players in this market. However, complexities in the conversion technology as well as high initial setup cost for plastic to fuel conversion facility are witnessed as key constraints for the growth of the U.S. plastic-to-fuel.
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U.S. Plastic-to-fuel Market Segmentation by End Product