Plastic To Fuel Market size is valued at USD 2,148.9 million in 2021 and is expected to grow at a prominent growth rate 28.8% during the forecast period 2022 to 2028. The global market provides a detailed overview of the global Plastic to Fuel market, and that can be segmented by Source, by Type of Plastic, by Depolymerization, and by Type of Fuel. By source, the global Plastic To Fuel market has been segmented into Domestic Waste, Institutional Waste, Industrial Waste, Medical Waste, Tyres, Others. The Domestic Waste Plastic To Fuel segment is likely to be the largest and fastest-growing segment in terms of type. Based on type of plastic, the global Plastic To Fuel market is segmented into High Density Polyethylene, Low Density Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Polyethylene Terephthalate, Others. Among these, the High Density Polyethylene segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on Depolymerization, the global Plastic To Fuel market is segmented into Thermal Degradation, Catalytic Degradation. The Thermal Degradation segment accounts for the largest share in 2021. Based on fuel type, the global Plastic To Fuel market is segmented into Diesel, Gasoline, Furnace Oils, Others. The diesel segment accounts for the largest share in 2021.
In 2020, Oil refiner SK Innovation Co. is working with Jeju Clean Energy to develop up-cycling technology to create petrochemical raw materials from plastic waste.