Ambiente
IDTechEx Release Essential Market Forecasts for the Chemical Recycling of Plastic Waste
The existing ISO definition (ISO 472: 2013: 2.1690) states:
Headlines on the investments, planned expansions, and real-world product launches are all accelerating in their frequency and scale. The largest petrochemical companies, consumer goods companies and other key stakeholders in the value chain are responding with both internal developments and external engagements; early-stage technology companies are announcing funding, strategic partnerships, joint development agreements, and offtake agreements from critical players in the supply chain.
Overall, IDTechEx forecast that pyrolysis and depolymerization plants will recycle over 20 million tonnes/year of plastic waste by 2033. This is a significant number but will require a major investment and continuous engagement from stakeholders across the value chain. Despite this large projection, the global impact should not be overlooked, there is an ever-increasing production of fossil-based plastic, with an annual production of 429m tonnes (OECD, 2019), immediate challenges with waste management; chemical recycling has a role to play in closing the loop, but it is just one piece of the complex global puzzle.
Chemical recycling also has notable critics. They point out the flaws in the claimed environmental benefits, such as the assumptions behind life cycle assessments, including the comparison that waste would have otherwise been incinerated, and question the economic viability. The economics are challenging and not only influenced by the company's process (such as yield, feedstock requirements by plastic-type & form, and efficiency at scale) but also the associated infrastructure, policy, and macroeconomic trends; the "green premium" for the products is a key factor, the further prices can be decoupled from that of oil the greater the long-term success of these projects. The IDTechEx report aims to provide a balanced view of both those endorsing and criticizing the technology, many criticisms are valid, and advocacy groups, alongside failed projects, will inhibit the growth, but IDTechEx do not believe they will prevent the trajectory for this market.
IDTechEx has a longstanding history in providing an independent technical and market assessment on sustainable plastics. This market report includes:
To find out more about the brand new IDTechEx report "Chemical Recycling and Dissolution of Plastics 2023-2033", including downloadable sample pages, please visit www.IDTechEx.com/ChemicalRecycling.
IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com.
https://www.dropbox.com/sh/oeyzl4zrv12e5pd/AACmXG-98AFfl18e0IagZYC6a?dl=0
Natalie Fifield
Digital Marketing Manager
press@IDTechEx.com
+44(0)1223 812300
Twitter: www.twitter.com/IDTechEx
LinkedIn: www.linkedin.com/company/IDTechEx
Facebook: www.facebook.com/IDTechExResearch
Photo: https://mma.prnewswire.com/media/1924894/IDTechEChemical_Recycling.jpg
Logo: https://mma.prnewswire.com/media/478371/IDTechELogo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/idtechex-release-essential-market-forecasts-for-the-chemical-recycling-of-plastic-waste-301653520.html