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  • Published On : May 2020
  • Code : CMI3838
  • Industry : Advanced Materials
  • Pages : 201
  • Formats :

Plastic-to-fuel is an advanced technology used to convert plastic waste into liquid fuels in order to deliver environmental benefits. This process involves the development of ultra-clean and ultra-low sulfur fuel from unsorted waste plastic. In this process plastic are shredded and heated under the temperature of 400 deg Celsius in an oxygen-free chamber, the process known as pyrolysis. Automotive, food & beverage, petrochemical, agricultural, and cosmetics are major end-user of plastic-to-Fuel.

The U.S. Plastic-to-Fuel market is projected to surpass US$ 150.0 million by the end of 2027, in terms of revenue, growing at CAGR of 6.8% during the forecast period (2020 to 2027).


Increasing plastic waste on the land due to exceeding the production of plastic in the Country. According to the United States Environmental Protection Agency, the containers and packaging category had the most plastic tonnage at over 14 million tons in 2017. Thus, increasing volume of plastic waste on the landfill is encouraging players to adopt recycling plastic in order to deliver environmental benefits. This is expected to propel the market growth.

Rising demand for energy in the country due to the presence of well-established infrastructure is expected to foster market growth. According to the U.S. Energy Information Administration, fossil fuels petroleum, natural gas, and coal accounted for around 79% of total U.S. primary energy production in 2018. Rising demand for energy in the U.S country is expected to augment the market growth over the forecast period.

Market Restraints

The high initial cost of the setup is expected to hinder the market growth of the U.S. Plastic-to-Fuel. As per estimates by the American Chemistry Council, a single plastic-to-oil facility will incur a capital expenditure of between US$ 10 Million to US$ 18 Million. Moreover, pre-processing of waste plastic is another major factor that adds to the overall cost.

Plastic-to-fuel is not eligible for recycling approvals, according to the Federal, local and state governments this project does not fall under the category of recycling and hence not eligible for recycling approval. This factor is expected to hinder the growth of the plastic-to-fuel market.

Market Opportunities

Growing demand for petroleum products is expected to offer lucrative growth opportunity to the market of the U.S. plastic-to-fuel. According to the U.S. Energy Information Administration, gasoline is the most consumed petroleum product in the United States. In 2018, consumption of finished motor gasoline averaged about 9.33 million b/d (392 million gallons per day), which was equal to about 45% of total U.S. petroleum consumption.

Growth in the cosmetic industry in the country due to increasing sale of cosmetic products is projected to provide potential opportunity to the market of the U.S. plastic-to-fuel market. Petroleum products are widely used in the manufacturing of cosmetic products. Hence, growth in the cosmetic industry in the U.S. country is projected to augment market growth.

Figure 1. U.S. Plastic-to-Fuel Market – Opportunity Analysis

U.S. Plastic to Fuel  | Coherent Market Insights

Market Trends

The growing focus of manufacturers in increasing the capacity and processing capabilities of the processors used to convert waste plastic to oil is expected to accelerate the market growth. Various research is conducted in order to deal with the technological barrier and minimize the pre-processing cost incurred on the sorting of plastic. This ongoing trend in the market is expected to stimulate market growth.

The rising trend of supplying technology to the third party to expand their presence in the market is expected to foster market growth. For instance, in January 2015, Green Envirotec Holdings has entered into an agreement with Texas-based Corporation, Cenco Leasing Co., whereby the company granted an exclusive license to the latter in order to develop its proprietary technology to convert discarded tyres and plastics into oil.

Figure 2. U.S. Plastic-to-Fuel Market, Revenue Share (%), By Product Type, In 2019

U.S. Plastic to Fuel  | Coherent Market Insights

On the basis of fuels, Vadxx dominated the U.S. Plastic-to-Fuel market in 2019 with around 40% of market share in terms of revenue, followed by Agilyx and RES Polyflow, respectively.

Competitive Section

Key players are operating in the U.S. plastic-to-fuel market are Plastic2Oil, Agilyx Corporation,Vadxx Energy, and Green Envirotec Holdings

Few Recent Developments


  • In Janurary 2018, Plastic2Oil Inc. has announced that it has signed a 20-year master agreement with Veridisyn Technologies LLC, a Tuscaloosa, Alabama-based company engaged in the development of alternative energy projects, under which Veridisyn has agreed to license P2O’s technology and purchase P2O processors.

Fuel derived from plastic provide a cleaner burning fuel as compared to the conventional fossil fuel used predominantly, owing to the lower content of sulfur. Majority of the population in emerging economies use diesel with higher sulfur content. In addition to this, various factors such as rising infrastructure, increasing technology, and expansion of plant capacity is expected to provide lucrative growth during the forecast period.

Market Dynamics

The global mining floatation chemical market has witness a surge in market growth in terms of revenue in recent past years, owing to the rising growth in demand of energy among various industries such as chemical, consumer goods, manufacturing, cosmetics and others in the country. The surge in use plastic consumption across the U.S. is fuelling the growth of plastic-to-fuel market in the U.S.

On the basis of fuel, U.S. plastic-to-fuel market can be segmented into Agilyx, Vadxx, GETH, RES Polyflow, and Cenco. U.S. is expected to witness substantial growth during the forecast period owing to the rising demand for plastics for feedstock in the U.S. Furthermore, stringent government policies in U.S. towards energy security in anticipated to drive the growth of the plastic-to-fuel market.

Key features of the study:

  • This report provides in-depth analysis of U.S. plastic-to-fuel market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the U.S. plastic-to-fuel market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plant
  • Key companies covered as a part of this study includes Plastic2Oil, Agilyx Corporation, Vadxx Energy, and Green Envirotec Holdings
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The U.S. plastic-to-fuel market report caters to various stakeholders in this industry including investors, suppliers, U.S. plastic-to-fuel manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the U.S. plastic-to-fuel market

Detailed Segmentation:

  • U.S. Plastic-to-Fuel Market, By End Product:
    • Crude Oil
      • Sold to Local Refiners
    • Diesel
      • Sold to End-User
  • U.S. Plastic-to-Fuel Market, By Processors:
    • JBL
    • Nexus
  • U.S. Plastic-to-Fuel Market, By Fuels:
    • Agilyx
    • Vadxx
    • GETH
    • RES Polyflow
    • Cenco
  • Company Profiles
    • Plastic2Oil*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Agilyx Corporation
    • Vadxx Energy
    • Green Envirotec Holdings

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The market for U.S. Plastic-to-Fuel is forecast to surpass US$ 150.0 Billion by 2027 witnessing a CAGR of 6.8% between 2020 and 2027.
Increasing plastic waste on the land owing to rise in production of plastic and rowing demand for petroleum products is fuelling the growth of the Plastic-to-Fuel Market in the region.
Rising trend of supplying technology and growing focus of manufacturers in increasing the plant capacity are expected to favour market growth over the forecast period.
Higher initial cost of the setup is expected to hamper the growth the market during the forecast period.
Major players operating in the U.S. Plastic-to-Fuel market include Plastic2Oil, Agilyx Corporation, Vadxx Energy, and Green Envirotec Holdings
The Plastic-to-Fuel market was estimated to be valued around US$ 95.0 billion in terms of revenue in 2019.

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