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.
Browse full research report on Waste To Diesel Market: https://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: https://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
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Asia Pacific
- China
- Japan
- India
- Central &
South America
- Middle East
& Africa
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.
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