Growing Environmental Concerns among Govn. to Boost Recycled Plastic & Plastic Waste to Oil Market

The production and consumption of plastic products have risen exponentially over the past few years. About 130 million metric tons of plastic waste is generated per year (MTPY), estimates the World Bank. This extent of plastic is polluting the world hence many organizations and governments are collectively making efforts to recycle most of these plastic products. Transparency Market Research (TMR) estimates that the global recycled plastic and plastic waste to oil market will reach up to US$1.97 bn by the year 2024, exhibiting a healthy CAGR of 12.6% for the period 2016-2024.

Both from economic and ecological point of views, recovery of the plastic generated is a crucial concern all over the globe. Governments are implementing strict rules against disposal of plastic waste and are motivating technologists to develop effective and efficient ways to recycle plastic wastes.

Browse Market Research Report @ http://www.transparencymarketresearch.com/recycled-plastics-plastic-waste-oil-market.html

Which segments of recycled plastic and plastic waste to oil market are experiencing higher growth?

Based on type, the market for recycled plastic and plastic waste to oil can be segmented into polystyrene (PS), polyvinyl chloride (PVC), polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), and others. Owing to higher energy conversion rates, it is expected that polyethylene will witness considerably high demand. Production of polyethylene due to applications such as plastic bottles and bags are increasing with the passage of time. Also, it is crucial to recycle polyethylene as in most of the cases, they are not biodegradable. The waste polyethylene plastic is melted to liquid form and extruded or reshaped while it solidifies. This allows the manufacturers to reuse the waste plastic to produce new durable products. This trend of recycling polyethylene is inspiring various manufacturers to use waste plastic and manufacture new products using more cost effective methods. This in turn will give impetus to the global recycled plastic and plastic waste to oil market.

Which regions show most lucrative prospect for growth of the global market?

Due to the contribution of the U.K. and Germany, Europe commands over a major share of the global recycled plastic and plastic waste to oil market. However, the contribution of Asia Pacific is escalating owing to the increasing government support. Within this region, China and Japan are exhibiting maximum opportunities for the market’s growth.

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Many countries are dependent on China’s reprocessing industry. However, China is posing slimitations on the waste, which they are importing from other countries. In February, 2017, China announced that by the end of 2017, they will be following the new agendas. The Chinese government indicated to the World Trade Organization (WTO) that the reason behind this act is the occurrence of large amounts of hazardous and dirty wastes mixed with the imported wastes.

On the other hand, North America is expected to exhibit assuring growth opportunities over the forecast period of 2016-2024. The increasing number of pilot projects by prominent players to use plastic waste and convert it into synthetic oil is driving the market in this region. Furthermore, government incentives for recycling of waste plastic and availability of skilled workforce are the contributing factors for this market to grow.

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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