Waste To Diesel Market To Witness High Growth Due To Increasing Demand From Automotive Industries By 2025: Grand View Research, Inc.
The global waste to diesel market is expected to reach USD 942.78 million by 2025, according to a new report by Grand View Research, Inc. Increasing technologies for the conversion of waste owing to stringent environmental regulations has been a major factor driving industry growth. Also, growing demand for biodiesel in industrial machinery sector has led to rising demand for market growth.
Growing consumption of diesel as a fuel from the U.S., China, Japan, India, and Mexico owing to the significantrise in the automotive industry in these countries is projected to propel the market over the forecast period. Increasing waste processing plants in various regions including Europe and North America and the rising technological advancements in regions, such as Asia-Pacific is anticipated to drive the market over the forecast period.
Rising R&D activities carried out by companies such as, Klean Industries, Covanta Energy Corporation, and Alphakat GmbH to expand the production capacity their facilitiesin the waste to diesel conversion is projected to propel the market over the next eight years. In June 2017, Stat kraft, a producer of renewable energy, developed a process, which uses hydrothermal liquefaction technology using high temperatures and pressures to generate biofuel from wood chippings and other solid organic waste.
Full Research Report On Waste To Diesel Market Analysis: www.grandviewresearch.com/industry-analysis/waste-to-diesel-market
Further key findings from the reportsuggest:
- The global demand was worth USD 390 million in 2016 and is expected to grow at a CAGR of 10.4% over the forecast period
- Municipal waste emerged as the largest source segment in 2016 and is estimated to generate revenue over USD 440 million by 2025
- Increasing plants for the processing of municipal solid waste is projected to propel the market growth.
- Gasification technology was projected to be the fastest growing segment and is anticipated to witness moderate share over the forecast period
- Europe is expected to observe the significant regional segment over the next eight years with an estimated CAGR in terms of revenue of around 10.1%.
- Growing manufacturers and suppliers of waste to diesel processing plants in this region is anticipated to spur the market growth.
- In March 2017, Diamond Green Diesel facility of Valero Energy Corporation and Darling Ingredients Inc. expanded its annual production capacity of renewable diesel by using Honeywell’s UOP ecofining technological process.
- Key players including Covanta Energy Corp., Klean Industries, Green Alliance dominated the global market accounting for significant share of the total volume in 2016
Browse More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/renewable-energy
Grand View Research has segmented the global waste to diesel market on the basis ofsource, technology, and region:
Waste To Diesel Source Outlook (Revenue, USD Million, 2014 – 2025)
- Oil & fat waste
- Municipal waste
- Plastic waste
Waste To Diesel Technology Outlook (Revenue, USD Million, 2014 – 2025)
- Gasification
- Pyrolysis
- Depolymerisation
- Incineration
Waste To Diesel Regional Outlook (Revenue, USD Million, 2014 – 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Asia Pacific
- China
- Japan
- India
- Central & South America
- Middle East & Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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