Plastic-To-Fuel Market Projected to Gain Significant Value by -2025

"The biggest drawback of plastic products is that they are unrecyclable and can only be disposed of thereby causing pollution. However, waste plastic to fuel conversion is on the rise. Waste plastic-to-fuel conversion minimizes the dumping of plastic waste and turns it into a useful product. It also produces clean fuel which is highly being used as a source of energy. The biggest benefit of plastic-to-fuel technology is it can convert non-recycled plastic into useful products. Offering an eco-friendly and cost-effective opportunity, governments across the world are trying to promote plastic-to-fuel technology and reduce dependency on crude oil.

According to the report by Market Growth Analysis, the U.S. plastic research -to-fuel market is anticipated to reach XX million in 2025, registering XX% CAGR during 2018-2025. Leading players are using pyrolysis technology for converting waste plastic into fuel. However, companies are modifying processes, which have been patented as proprietary technology. Moreover, pyrolysis technology is not considered eligible for recycling grants by the government, as it is called as conversion and not recycling technology. Also, most of the major companies are planning to expand in coming years by joining hands with local municipalities and waste plastic feedstock providers.

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