Market Overview

The Global Pyrolysis Oil Market was valued at USD 340.1 million in 2023 and is expected to reach USD 476.3 million by 2031 while growing at a CAGR of 4.3% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global pyrolysis oil market growth. Pyrolysis oil, alternatively termed bio-oil or biocrude, is a liquid fuel produced through the thermal decomposition of organic materials in a process known as pyrolysis. This thermochemical conversion involves heating biomass or other organic feedstock without oxygen, preventing complete combustion and resulting in the creation of pyrolysis oil.

Increasing global focus on sustainability and environmental conservation, along with energy security and diversification, propels the pyrolysis oil market. This momentum effectively addresses challenges like high production costs and the limited scale of commercialization.

Furthermore, the global Pyrolysis Oil industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Raw Material Analysis

The Global Pyrolysis Oil Market is segmented among Waste Plastic, Waste Rubber, Wood5., Oil Sludge, and Other, based on Raw Material. In 2023, Waste Plastic accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Pyrolysis Oil Market is segmented among Fuels, and Chemicals, based on Application. In 2023, Chemicals accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Pyrolysis Oil Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Alterra Energy, Bioenergy Ae Cote-Nord, Ensyn, Green Fuel Nordic Oy, Mk Aromatics Limited, New Energy Kft., New Hope Energy, Nexus Circular, Plastic Advanced Recycling Corp., and Plastic Energy.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Pyrolysis Oil Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Pyrolysis Oil Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Pyrolysis Oil Market Segmentation, By Raw Material  

• Global Pyrolysis Oil Market Share Analysis, By Raw Material  

• Global Pyrolysis Oil Market Growth Analysis, By Raw Material  

• Global Pyrolysis Oil Market Trends, By Raw Material  

o Waste Plastic

o Waste Rubber

o Wood

o Oil Sludge

o Other

6. Global Pyrolysis Oil Market Segmentation, By Installation Application

• Global Pyrolysis Oil Market Share Analysis, By Installation Application

• Global Pyrolysis Oil Market Growth Analysis, By Installation Application

• Global Pyrolysis Oil Market Trends, By Installation Application

o Fuels

o Chemicals

7. Global Pyrolysis Oil Market Segmentation, By Region

• Global Pyrolysis Oil Market Share Analysis, By Region

• Global Pyrolysis Oil Market Growth Analysis, By Region

• Global Pyrolysis Oil Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Alterra Energy*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Bioenergy Ae Cote-Nord

• Ensyn

• Green Fuel Nordic Oy

• Mk Aromatics Limited, New Energy Kft.

• New Hope Energy

• Nexus Circular

• Plastic Advanced Recycling Corp.

• Plastic Energy

 *Similar analysis will be provided for each company listed above.