San Francisco, 27
November 2018: 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.
Access
Research Report of Waste To Diesel Market@ www.grandviewresearch.com/industry-analysis/waste-to-diesel-market
Further key findings from the report suggest:
· 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
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Waste To Diesel Market@ www.grandviewresearch.com/press-release/global-waste-to-diesel-market
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.
No comments:
Post a Comment