San Francisco, Nov 30 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 :
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: 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
Browse press release of this report
by Grand View Research: 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.
For more information:
www.grandviewresearch.com
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