Business Opportunities And Investment Strategies For Global Pyrolysis Oil Market 2023-2033

Business Opportunities and Investment Strategies for Global Pyrolysis Oil Market

Report ID 1045

Pages 164

Published Date 05/31/2024

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Opportunity and Strategy Analysis
This report focuses on identifying opportunities and strategies for investing in the global pyrolysis oil market within the forecast period. It provides a complete analysis of the global market both quantitatively and qualitatively. The quantitative analysis includes market size and revenue data of the total demand, sub-markets, and regional/national levels throughout 2023-2033. Qualitative analysis depicts a full picture of market dynamics and trends including drivers, restraints and challenges, emerging products/market trends, and Porter’s Fiver Forces analysis.

Based on the market data and analysis, the report highlights Increasingly Attractive Segments (IAS) and business opportunities in each segmentation. Moreover, a systematic evaluation of Internal Risks (factors arising within the industry development) and External Risks (factors arising from the surrounding environments) is provided for the pyrolysis oil industry and market. All the identified risk factors are measured quantitatively according to GMD’s novel numeric system, i.e. each risk is evaluated with GMD Risk Index Number (GMD RIN) and GMD Risk Intensity Level (GMD RIL). This in-depth risk assessment offers a comprehensive understanding of the current risk factors and their developing trends. Furthermore, this report concludes risk management strategies and Critical Success Factors (CSFs) to help companies make intelligence-based business decisions in the global pyrolysis oil industry.

Market Coverage & Overview
The report is based on studies for 2021-2023 and provides a forecast from 2024 till 2033 with 2023 as the base year. Considering impact of COVID-19 and regional conflicts such as Russia-Ukraine war, the trend and outlook of global market is forecast in optimistic, balanced, and conservative scenarios. In the balanced view, the global pyrolysis oil market is expected to reach $1.63 billion by 2033, growing by 4.2% annually over the coming years.

Segmentation Analysis
Highlighted with 85 tables and 79 figures, this 164-page report represents a 360-degree view on the global market with extensively detailed segmentations by Process, Raw Material, Application, and Region/Country as shown below. Annual revenue 2023-2033 for each segment is included in the report.

By Process
• Slow Pyrolysis
• Flash Pyrolysis
• Fast Pyrolysis

By Raw Material
• Waste Plastics
• Waste Rubber
• Wood
• Oil Sludge
• Other Raw Materials

By Application
• Fuel
• Chemicals

By Region
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Turkey, Saudi Arabia, South Africa, and Rest of MEA)
The breakdown of all regional markets by country and the breakdown of each national market by Process, Raw Material, and Application, over the forecast years are also included.

Key Companies
The report also covers the current competitive scenario and profiles key vendors including market leaders and important emerging players. A selection of companies profiled in this report includes:
• Alterra Energy
• Bioenergy AE Côte-Nord
• Ensyn
• Green Fuel Nordic OY
• MK Aromatics Limited
• New Energy Kft.
• New Hope Energy
• Nexus Circular
• Niutech
• OMV Aktiengesellschaft
• Plastic Advanced Recycling Corp.
• Plastic Energy
• Pyrocell (Setra)
• Quantafuel ASA
• Trident Fuels Pty Ltd.
• Twence

1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 24
2.1.3 Impact of Russia-Ukraine Conflict 26
2.1.4 Impact of Israel-Palestine War 28
2.2 Major Growth Drivers 29
2.3 Market Restraints and Challenges 32
2.4 Emerging Opportunities and Market Trends 35
2.5 Porter’s Fiver Forces Analysis 38
3 Segmentation of Global Market by Process 42
3.1 Market Overview by Process 42
3.2 Slow Pyrolysis 45
3.3 Flash Pyrolysis 46
3.4 Fast Pyrolysis 47
4 Segmentation of Global Market by Raw Material 48
4.1 Market Overview by Raw Material 48
4.2 Waste Plastics 51
4.3 Waste Rubber 52
4.4 Wood 53
4.5 Oil Sludge 54
4.6 Other Raw Materials 55
5 Segmentation of Global Market by Application 56
5.1 Market Overview by Application 56
5.2 Fuel 59
5.3 Chemicals 60
6 Segmentation of Global Market by Region 61
6.1 Geographic Market Overview 2023-2033 61
6.2 North America Market 2023-2033 by Country 66
6.2.1 Overview of North America Market 66
6.2.2 U.S. 70
6.2.3 Canada 73
6.2.4 Mexico 75
6.3 European Market 2023-2033 by Country 77
6.3.1 Overview of European Market 77
6.3.2 Germany 81
6.3.3 U.K. 83
6.3.4 France 85
6.3.5 Spain 87
6.3.6 Italy 89
6.3.7 Russia 91
6.3.8 Rest of European Market 93
6.4 Asia-Pacific Market 2023-2033 by Country 95
6.4.1 Overview of Asia-Pacific Market 95
6.4.2 Japan 99
6.4.3 China 102
6.4.4 Australia 104
6.4.5 India 106
6.4.6 South Korea 108
6.4.7 Rest of APAC Region 110
6.5 South America Market 2023-2033 by Country 112
6.5.1 Argentina 116
6.5.2 Brazil 118
6.5.3 Chile 120
6.5.4 Rest of South America Market 122
6.6 MEA Market 2023-2033 by Country 123
6.6.1 Turkey 127
6.6.2 Saudi Arabia 129
6.6.3 South Africa 131
6.6.4 Other National Markets 133
7 Competitive Landscape 134
7.1 Overview of Key Vendors 134
7.2 New Product Launch, Partnership, Investment, and M&A 137
7.3 Company Profiles 138
Alterra Energy 138
Bioenergy AE Côte-Nord 140
Ensyn 141
Green Fuel Nordic OY 142
MK Aromatics Limited 143
New Energy Kft. 144
New Hope Energy 145
Nexus Circular 146
Niutech 147
OMV Aktiengesellschaft 148
Plastic Advanced Recycling Corp. 149
Plastic Energy 150
Pyrocell (Setra) 151
Quantafuel ASA 152
Trident Fuels Pty Ltd. 153
Twence 154
8 Investing in Pyrolysis Oil Industry: Risk Assessment and Management 155
8.1 Risk Evaluation of Global Market 155
8.2 Critical Success Factors (CSFs) 161
RELATED REPORTS 164

List of Tables

List of Tables:

Table 1. Snapshot of Global Pyrolysis Oil Market in Balanced Perspective, 2023-2033 18
Table 2. World Economic Outlook, 2024-2036 21
Table 3. World Economic Outlook, 2022-2024 23
Table 4. Scenarios for Economic Impact of Ukraine Crisis 27
Table 5. Scenarios for Economic Impact of Israel-Palestine War 28
Table 6. Main Product Trends and Market Opportunities in Global Pyrolysis Oil Market 35
Table 7. Global Pyrolysis Oil Market by Process, 2023-2033, $ mn 43
Table 8. Global Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 49
Table 9. Global Pyrolysis Oil Market by Application, 2023-2033, $ mn 57
Table 10. Global Pyrolysis Oil Market by Region, 2023-2033, $ mn 63
Table 11. Leading National Pyrolysis Oil Market, 2023 and 2033, $ mn 65
Table 12. North America Pyrolysis Oil Market by Country, 2023-2033, $ mn 68
Table 13. U.S. Pyrolysis Oil Market by Process, 2023-2033, $ mn 72
Table 14. U.S. Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 72
Table 15. U.S. Pyrolysis Oil Market by Application, 2023-2033, $ mn 72
Table 16. Canada Pyrolysis Oil Market by Process, 2023-2033, $ mn 74
Table 17. Canada Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 74
Table 18. Canada Pyrolysis Oil Market by Application, 2023-2033, $ mn 74
Table 19. Mexico Pyrolysis Oil Market by Process, 2023-2033, $ mn 76
Table 20. Mexico Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 76
Table 21. Mexico Pyrolysis Oil Market by Application, 2023-2033, $ mn 76
Table 22. Europe Pyrolysis Oil Market by Country, 2023-2033, $ mn 79
Table 23. Germany Pyrolysis Oil Market by Process, 2023-2033, $ mn 82
Table 24. Germany Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 82
Table 25. Germany Pyrolysis Oil Market by Application, 2023-2033, $ mn 82
Table 26. U.K. Pyrolysis Oil Market by Process, 2023-2033, $ mn 84
Table 27. U.K. Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 84
Table 28. U.K. Pyrolysis Oil Market by Application, 2023-2033, $ mn 84
Table 29. France Pyrolysis Oil Market by Process, 2023-2033, $ mn 86
Table 30. France Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 86
Table 31. France Pyrolysis Oil Market by Application, 2023-2033, $ mn 86
Table 32. Spain Pyrolysis Oil Market by Process, 2023-2033, $ mn 88
Table 33. Spain Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 88
Table 34. Spain Pyrolysis Oil Market by Application, 2023-2033, $ mn 88
Table 35. Italy Pyrolysis Oil Market by Process, 2023-2033, $ mn 90
Table 36. Italy Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 90
Table 37. Italy Pyrolysis Oil Market by Application, 2023-2033, $ mn 90
Table 38. Russia Pyrolysis Oil Market by Process, 2023-2033, $ mn 92
Table 39. Russia Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 92
Table 40. Russia Pyrolysis Oil Market by Application, 2023-2033, $ mn 92
Table 41. Pyrolysis Oil Market in Rest of Europe by Country, 2023-2033, $ mn 94
Table 42. APAC Pyrolysis Oil Market by Country, 2023-2033, $ mn 97
Table 43. Japan Pyrolysis Oil Market by Process, 2023-2033, $ mn 101
Table 44. Japan Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 101
Table 45. Japan Pyrolysis Oil Market by Application, 2023-2033, $ mn 101
Table 46. China Pyrolysis Oil Market by Process, 2023-2033, $ mn 103
Table 47. China Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 103
Table 48. China Pyrolysis Oil Market by Application, 2023-2033, $ mn 103
Table 49. Australia Pyrolysis Oil Market by Process, 2023-2033, $ mn 105
Table 50. Australia Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 105
Table 51. Australia Pyrolysis Oil Market by Application, 2023-2033, $ mn 105
Table 52. India Pyrolysis Oil Market by Process, 2023-2033, $ mn 107
Table 53. India Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 107
Table 54. India Pyrolysis Oil Market by Application, 2023-2033, $ mn 107
Table 55. South Korea Pyrolysis Oil Market by Process, 2023-2033, $ mn 109
Table 56. South Korea Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 109
Table 57. South Korea Pyrolysis Oil Market by Application, 2023-2033, $ mn 109
Table 58. Pyrolysis Oil Market in Rest of APAC by Country/Region, 2023-2033, $ mn 111
Table 59. South America Pyrolysis Oil Market by Country, 2023-2033, $ mn 114
Table 60. Argentina Pyrolysis Oil Market by Process, 2023-2033, $ mn 117
Table 61. Argentina Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 117
Table 62. Argentina Pyrolysis Oil Market by Application, 2023-2033, $ mn 117
Table 63. Brazil Pyrolysis Oil Market by Process, 2023-2033, $ mn 119
Table 64. Brazil Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 119
Table 65. Brazil Pyrolysis Oil Market by Application, 2023-2033, $ mn 119
Table 66. Chile Pyrolysis Oil Market by Process, 2023-2033, $ mn 121
Table 67. Chile Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 121
Table 68. Chile Pyrolysis Oil Market by Application, 2023-2033, $ mn 121
Table 69. MEA Pyrolysis Oil Market by Country, 2023-2033, $ mn 125
Table 70. Turkey Pyrolysis Oil Market by Process, 2023-2033, $ mn 128
Table 71. Turkey Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 128
Table 72. Turkey Pyrolysis Oil Market by Application, 2023-2033, $ mn 128
Table 73. Saudi Arabia Pyrolysis Oil Market by Process, 2023-2033, $ mn 130
Table 74. Saudi Arabia Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 130
Table 75. Saudi Arabia Pyrolysis Oil Market by Application, 2023-2033, $ mn 130
Table 76. South Africa Pyrolysis Oil Market by Process, 2023-2033, $ mn 132
Table 77. South Africa Pyrolysis Oil Market by Raw Material, 2023-2033, $ mn 132
Table 78. South Africa Pyrolysis Oil Market by Application, 2023-2033, $ mn 132
Table 79. Alterra Energy: Company Snapshot 138
Table 80. Alterra Energy: Business Segmentation 139
Table 81. Alterra Energy: Product Portfolio 139
Table 82. List of Risk Factors and Weight Percentages/Theoretical Maximum 156
Table 83. Definition of GMD Relative Risk Index Number (Relative RIN) and GMD Risk Intensity Level (RIL) 157
Table 84. Risk Evaluation for Investing in Global Market, 2023-2033 158
Table 85. Critical Success Factors and Key Takeaways 162

List of Figures

List of Figures:

Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033 17
Figure 4. Global Pyrolysis Oil Market, 2023-2033, $ mn 19
Figure 5. Impact of COVID-19 on Business 24
Figure 6. Primary Drivers and Impact Factors of Global Pyrolysis Oil Market 29
Figure 7. Primary Restraints and Impact Factors of Global Pyrolysis Oil Market 32
Figure 8. Porter’s Fiver Forces Analysis of Global Pyrolysis Oil Market 38
Figure 9. Growth Opportunity Analysis by Process 42
Figure 10. Breakdown of Global Pyrolysis Oil Market by Process, 2023-2033, % of Revenue 43
Figure 11. Global Addressable Market Cap in 2024-2033 by Process, Value ($ mn) and Share (%) 44
Figure 12. Global Pyrolysis Oil Market by Process: Slow Pyrolysis, 2023-2033, $ mn 45
Figure 13. Global Pyrolysis Oil Market by Process: Flash Pyrolysis, 2023-2033, $ mn 46
Figure 14. Global Pyrolysis Oil Market by Process: Fast Pyrolysis, 2023-2033, $ mn 47
Figure 15. Growth Opportunity Analysis by Raw Material 48
Figure 16. Breakdown of Global Pyrolysis Oil Market by Raw Material, 2023-2033, % of Sales Revenue 49
Figure 17. Global Addressable Market Cap in 2024-2033 by Raw Material, Value ($ mn) and Share (%) 50
Figure 18. Global Pyrolysis Oil Market by Raw Material: Waste Plastics, 2023-2033, $ mn 51
Figure 19. Global Pyrolysis Oil Market by Raw Material: Waste Rubber, 2023-2033, $ mn 52
Figure 20. Global Pyrolysis Oil Market by Raw Material: Wood, 2023-2033, $ mn 53
Figure 21. Global Pyrolysis Oil Market by Raw Material: Oil Sludge, 2023-2033, $ mn 54
Figure 22. Global Pyrolysis Oil Market by Raw Material: Other Raw Materials, 2023-2033, $ mn 55
Figure 23. Growth Opportunity Analysis by Application 56
Figure 24. Breakdown of Global Pyrolysis Oil Market by Application, 2023-2033, % of Revenue 57
Figure 25. Global Addressable Market Cap in 2024-2033 by Application, Value ($ mn) and Share (%) 58
Figure 26. Global Pyrolysis Oil Market by Application: Fuel, 2023-2033, $ mn 59
Figure 27. Global Pyrolysis Oil Market by Application: Chemicals, 2023-2033, $ mn 60
Figure 28. Global Market Snapshot by Region 61
Figure 29. Growth Opportunity Analysis of Global Market by Region 62
Figure 30. Geographic Spread of Worldwide Pyrolysis Oil Market, 2023-2033, % of Sales Revenue 63
Figure 31. Global Addressable Market Cap in 2024-2033 by Region, Value ($ mn) and Share (%) 64
Figure 32. North American Pyrolysis Oil Market, 2023-2033, $ mn 67
Figure 33. Growth Opportunity Analysis of North America Market by Country 67
Figure 34. Breakdown of North America Pyrolysis Oil Market by Country, 2023 and 2033, % of Revenue 68
Figure 35. Contribution to North America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 69
Figure 36. U.S. Pyrolysis Oil Market, 2023-2033, $ mn 71
Figure 37. Canada Pyrolysis Oil Market, 2023-2033, $ mn 73
Figure 38. Pyrolysis Oil Market in Mexico, 2023-2033, $ mn 75
Figure 39. European Pyrolysis Oil Market, 2023-2033, $ mn 78
Figure 40. Growth Opportunity Analysis of Europe Market by Country 78
Figure 41. Breakdown of European Pyrolysis Oil Market by Country, 2023 and 2033, % of Revenue 79
Figure 42. Contribution to Europe 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 80
Figure 43. Pyrolysis Oil Market in Germany, 2023-2033, $ mn 81
Figure 44. Pyrolysis Oil Market in U.K., 2023-2033, $ mn 83
Figure 45. Pyrolysis Oil Market in France, 2023-2033, $ mn 85
Figure 46. Pyrolysis Oil Market in Spain, 2023-2033, $ mn 87
Figure 47. Pyrolysis Oil Market in Italy, 2023-2033, $ mn 89
Figure 48. Pyrolysis Oil Market in Russia, 2023-2033, $ mn 91
Figure 49. Pyrolysis Oil Market in Rest of Europe, 2023-2033, $ mn 93
Figure 50. Asia-Pacific Pyrolysis Oil Market, 2023-2033, $ mn 96
Figure 51. Growth Opportunity Analysis of Asia-Pacific Market by Country 96
Figure 52. Breakdown of APAC Pyrolysis Oil Market by Country, 2023 and 2033, % of Revenue 97
Figure 53. Contribution to APAC 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 98
Figure 54. Pyrolysis Oil Market in Japan, 2023-2033, $ mn 100
Figure 55. Pyrolysis Oil Market in China, 2023-2033, $ mn 102
Figure 56. Pyrolysis Oil Market in Australia, 2023-2033, $ mn 104
Figure 57. Pyrolysis Oil Market in India, 2023-2033, $ mn 106
Figure 58. Pyrolysis Oil Market in South Korea, 2023-2033, $ mn 108
Figure 59. Pyrolysis Oil Market in Rest of APAC, 2023-2033, $ mn 110
Figure 60. South America Pyrolysis Oil Market, 2023-2033, $ mn 113
Figure 61. Growth Opportunity Analysis of South America Market by Country 113
Figure 62. Breakdown of South America Pyrolysis Oil Market by Country, 2023 and 2033, % of Revenue 114
Figure 63. Contribution to South America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 115
Figure 64. Pyrolysis Oil Market in Argentina, 2023-2033, $ mn 116
Figure 65. Pyrolysis Oil Market in Brazil, 2023-2033, $ mn 118
Figure 66. Pyrolysis Oil Market in Chile, 2023-2033, $ mn 120
Figure 67. Pyrolysis Oil Market in Rest of South America, 2023-2033, $ mn 122
Figure 68. Pyrolysis Oil Market in Middle East and Africa (MEA), 2023-2033, $ mn 124
Figure 69. Growth Opportunity Analysis of MEA Market by Country 124
Figure 70. Breakdown of MEA Pyrolysis Oil Market by Country, 2023 and 2033, % of Revenue 125
Figure 71. Contribution to MEA 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 126
Figure 72. Pyrolysis Oil Market in Turkey, 2023-2033, $ mn 127
Figure 73. Pyrolysis Oil Market in Saudi Arabia, 2023-2033, $ mn 129
Figure 74. Pyrolysis Oil Market in South Africa, 2023-2033, $ mn 131
Figure 75. Pyrolysis Oil Market in the Rest of MEA, 2023-2033, $ mn 133
Figure 76. Growth Stage of Global Pyrolysis Oil Industry over the Forecast Period 134
Figure 77. Comparison of Risk Factors by GMD RIN in 2023 158
Figure 78. GMD Relative RIN of Internal Risk Factors in 2023 on Radar Chart 159
Figure 79. GMD Relative RIN of External Risk Factors in 2023 on Radar Chart 159

Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.

In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.

This research methodology has been segmented into following types:

Primary Research:

It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.

Secondary Research:

The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.

Qualitative Research:

It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.

Quantitative Research:

It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.

Key Companies
The report also covers the current competitive scenario and profiles key vendors including market leaders and important emerging players. A selection of companies profiled in this report includes:
• Alterra Energy
• Bioenergy AE Côte-Nord
• Ensyn
• Green Fuel Nordic OY
• MK Aromatics Limited
• New Energy Kft.
• New Hope Energy
• Nexus Circular
• Niutech
• OMV Aktiengesellschaft
• Plastic Advanced Recycling Corp.
• Plastic Energy
• Pyrocell (Setra)
• Quantafuel ASA
• Trident Fuels Pty Ltd.
• Twence