San
Francisco, 29 November 2018, The global wasteto 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 Full Research
Report On Waste To Diesel Market Analysis:
www.grandviewresearch.com/industry-analysis/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 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
o
U.S.
o
Canada
o
Mexico
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Central & South America
·
Middle East & Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-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.
For more information: www.grandviewresearch.com/
