Study Period | 2019-2032 |
Base Year | 2023 |
Forcast Year | 2023-2032 |
CAGR | 8.38 |
The Converting Plastic to Oil Market is projected to grow steadily at a Compound Annual Growth Rate (CAGR) of 4.35% between 2022 and 2032, resulting in an estimated market size increase of USD [Market Size] million. This growth is primarily driven by the need to address plastic waste management and environmental concerns. Converting plastic waste into oil is a promising solution, contributing to both waste reduction and the production of valuable resources.
Converting Plastic to Oil Market Overview:
Drivers:
The main driver of the Converting Plastic to Oil market is the increasing awareness of plastic pollution and its adverse environmental impact. As plastic waste continues to accumulate in landfills and oceans, governments, organizations, and individuals are seeking sustainable methods to manage and repurpose this waste. Converting plastic into oil presents an eco-friendly approach, as it not only reduces plastic waste but also produces a valuable energy source.
Moreover, the rising demand for alternative energy sources contributes to the market's growth. The oil generated from plastic waste can be used for various applications, including fuel production, electricity generation, and as feedstock for petrochemical industries.
Trends:
An emerging trend in the Converting Plastic to Oil market is the development of advanced technologies for plastic-to-oil conversion. Innovations in pyrolysis and depolymerization processes are enhancing the efficiency and yield of oil production from plastic waste. These technologies are becoming more energy-efficient and environmentally friendly, attracting investments from both public and private sectors.
Furthermore, governments and regulatory bodies are implementing policies and incentives to encourage plastic waste recycling and conversion. This includes promoting the adoption of plastic-to-oil technologies as part of a broader strategy to reduce plastic pollution.
Restraints:
One of the key challenges facing the Converting Plastic to Oil market is the high initial capital investment required for establishing conversion facilities. The technology and infrastructure necessary for efficient plastic-to-oil conversion can be costly, which can deter potential investors and limit market growth.
Additionally, the quality and composition of plastic waste can vary significantly, impacting the efficiency of conversion processes. Contaminants and non-recyclable materials in plastic waste can reduce the yield and quality of the produced oil.
Converting Plastic to Oil Market Segmentation By Technology:
The Converting Plastic to Oil market can be segmented by technology, with key methods including:
Converting Plastic to Oil Market Segmentation By Application:
The Converting Plastic to Oil market can also be segmented by application, with key sectors including:
Regional Overview:
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The Converting Plastic to Oil market exhibits regional variations, with different regions implementing plastic-to-oil conversion solutions based on their waste management needs and environmental priorities. Key regional insights include:
Converting Plastic to Oil Market Customer Landscape:
The Converting Plastic to Oil market analysis includes an in-depth examination of the customer landscape, spanning government agencies, waste management companies, recycling facilities, and industries seeking alternative energy sources. Understanding the specific needs and motivations of these customers is crucial for companies to tailor their plastic-to-oil conversion solutions effectively.
Major Converting Plastic to Oil Market Companies:
Leading companies in the Converting Plastic to Oil market are developing and commercializing innovative plastic-to-oil conversion technologies. They are also collaborating with governments and environmental organizations to promote sustainable waste management practices. Some prominent companies in the industry include:
The competitive landscape analysis provides insights into the strengths and weaknesses of key market players and their strategic positioning within the industry.
Segment Overview:
The Converting Plastic to Oil market report offers a comprehensive market segmentation based on technology, application, and geography. This segmentation provides a deeper understanding of market dynamics and trends. The segments covered include:
Table of Contents
United States Converting Plastic to Oil Market Report 2017
1 Converting Plastic to Oil Overview
1.1 Product Overview and Scope of Converting Plastic to Oil
1.2 Classification of Converting Plastic to Oil by Product Category
1.2.1 United States Converting Plastic to Oil Market Size (Sales Volume) Comparison by Type (2012-2022)
1.2.2 United States Converting Plastic to Oil Market Size (Sales Volume) Market Share by Type (Product Category) in 2016
1.2.3 Pyrolysis Process
1.2.4 Gasification and Synthesis Process
1.2.5 Catalytic Depolymerization Process
1.3 United States Converting Plastic to Oil Market by Application/End Users
1.3.1 United States Converting Plastic to Oil Market Size (Consumption) and Market Share Comparison by Application (2012-2022)
1.3.2 Diesel
1.3.3 Gasoline
1.3.4 Kerosene
1.3.5 Synthetic Gases
1.3.6 Others
1.4 United States Converting Plastic to Oil Market by Region
1.4.1 United States Converting Plastic to Oil Market Size (Value) Comparison by Region (2012-2022)
1.4.2 The West Converting Plastic to Oil Status and Prospect (2012-2022)
1.4.3 Southwest Converting Plastic to Oil Status and Prospect (2012-2022)
1.4.4 The Middle Atlantic Converting Plastic to Oil Status and Prospect (2012-2022)
1.4.5 New England Converting Plastic to Oil Status and Prospect (2012-2022)
1.4.6 The South Converting Plastic to Oil Status and Prospect (2012-2022)
1.4.7 The Midwest Converting Plastic to Oil Status and Prospect (2012-2022)
1.5 United States Market Size (Value and Volume) of Converting Plastic to Oil (2012-2022)
1.5.1 United States Converting Plastic to Oil Sales and Growth Rate (2012-2022)
1.5.2 United States Converting Plastic to Oil Revenue and Growth Rate (2012-2022)
2 United States Converting Plastic to Oil Market Competition by Players/Suppliers
2.1 United States Converting Plastic to Oil Sales and Market Share of Key Players/Suppliers (2012-2017)
2.2 United States Converting Plastic to Oil Revenue and Share by Players/Suppliers (2012-2017)
2.3 United States Converting Plastic to Oil Average Price by Players/Suppliers (2012-2017)
2.4 United States Converting Plastic to Oil Market Competitive Situation and Trends
2.4.1 United States Converting Plastic to Oil Market Concentration Rate
2.4.2 United States Converting Plastic to Oil Market Share of Top 3 and Top 5 Players/Suppliers
2.4.3 Mergers & Acquisitions, Expansion in United States Market
2.5 United States Players/Suppliers Converting Plastic to Oil Manufacturing Base Distribution, Sales Area, Product Type
3 United States Converting Plastic to Oil Sales (Volume) and Revenue (Value) by Region (2012-2017)
3.1 United States Converting Plastic to Oil Sales and Market Share by Region (2012-2017)
3.2 United States Converting Plastic to Oil Revenue and Market Share by Region (2012-2017)
3.3 United States Converting Plastic to Oil Price by Region (2012-2017)
4 United States Converting Plastic to Oil Sales (Volume) and Revenue (Value) by Type (Product Category) (2012-2017)
4.1 United States Converting Plastic to Oil Sales and Market Share by Type (Product Category) (2012-2017)
4.2 United States Converting Plastic to Oil Revenue and Market Share by Type (2012-2017)
4.3 United States Converting Plastic to Oil Price by Type (2012-2017)
4.4 United States Converting Plastic to Oil Sales Growth Rate by Type (2012-2017)
5 United States Converting Plastic to Oil Sales (Volume) by Application (2012-2017)
5.1 United States Converting Plastic to Oil Sales and Market Share by Application (2012-2017)
5.2 United States Converting Plastic to Oil Sales Growth Rate by Application (2012-2017)
5.3 Market Drivers and Opportunities
6 United States Converting Plastic to Oil Players/Suppliers Profiles and Sales Data
6.1 Agilyx
6.1.1 Company Basic Information, Manufacturing Base and Competitors
6.1.2 Converting Plastic to Oil Product Category, Application and Specification
6.1.2.1 Product A
6.1.2.2 Product B
6.1.3 Agilyx Converting Plastic to Oil Sales, Revenue, Price and Gross Margin (2012-2017)
6.1.4 Main Business/Business Overview
6.2 Nexus Fuels
6.2.2 Converting Plastic to Oil Product Category, Application and Specification
6.2.2.1 Product A
6.2.2.2 Product B
6.2.3 Nexus Fuels Converting Plastic to Oil Sales, Revenue, Price and Gross Margin (2012-2017)
6.2.4 Main Business/Business Overview
6.3 Plastic Advanced Recycling Corporation
6.3.2 Converting Plastic to Oil Product Category, Application and Specification
6.3.2.1 Product A
6.3.2.2 Product B
6.3.3 Plastic Advanced Recycling Corporation Converting Plastic to Oil Sales, Revenue, Price and Gross Margin (2012-2017)
6.3.4 Main Business/Business Overview
6.4 Vadxx
6.4.2 Converting Plastic to Oil Product Category, Application and Specification
6.4.2.1 Product A
6.4.2.2 Product B
6.4.3 Vadxx Converting Plastic to Oil Sales, Revenue, Price and Gross Margin (2012-2017)
6.4.4 Main Business/Business Overview
6.5 Clean Blue Technologies
6.5.2 Converting Plastic to Oil Product Category, Application and Specification
6.5.2.1 Product A
6.5.2.2 Product B
6.5.3 Clean Blue Technologies Converting Plastic to Oil Sales, Revenue, Price and Gross Margin (2012-2017)
6.5.4 Main Business/Business Overview
6.6 MK Aromatics
6.6.2 Converting Plastic to Oil Product Category, Application and Specification
6.6.2.1 Product A
6.6.2.2 Product B
6.6.3 MK Aromatics Converting Plastic to Oil Sales, Revenue, Price and Gross Margin (2012-2017)
6.6.4 Main Business/Business Overview
6.7 Plastic2Oil
6.7.2 Converting Plastic to Oil Product Category, Application and Specification
6.7.2.1 Product A
6.7.2.2 Product B
6.7.3 Plastic2Oil Converting Plastic to Oil Sales, Revenue, Price and Gross Margin (2012-2017)
6.7.4 Main Business/Business Overview
6.8 Recycling Technologies
6.8.2 Converting Plastic to Oil Product Category, Application and Specification
6.8.2.1 Product A
6.8.2.2 Product B
6.8.3 Recycling Technologies Converting Plastic to Oil Sales, Revenue, Price and Gross Margin (2012-2017)
6.8.4 Main Business/Business Overview
6.9 PLASTIC ENERGY
6.9.2 Converting Plastic to Oil Product Category, Application and Specification
6.9.2.1 Product A
6.9.2.2 Product B
6.9.3 PLASTIC ENERGY Converting Plastic to Oil Sales, Revenue, Price and Gross Margin (2012-2017)
6.9.4 Main Business/Business Overview
6.10 PK Clean
6.10.2 Converting Plastic to Oil Product Category, Application and Specification
6.10.2.1 Product A
6.10.2.2 Product B
6.10.3 PK Clean Converting Plastic to Oil Sales, Revenue, Price and Gross Margin (2012-2017)
6.10.4 Main Business/Business Overview
7 Converting Plastic to Oil Manufacturing Cost Analysis
7.1 Converting Plastic to Oil Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Price Trend of Key Raw Materials
7.1.3 Key Suppliers of Raw Materials
7.1.4 Market Concentration Rate of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Manufacturing Process Analysis of Converting Plastic to Oil
8 Industrial Chain, Sourcing Strategy and Downstream Buyers
8.1 Converting Plastic to Oil Industrial Chain Analysis
8.2 Upstream Raw Materials Sourcing
8.3 Raw Materials Sources of Converting Plastic to Oil Major Manufacturers in 2016
8.4 Downstream Buyers
9 Marketing Strategy Analysis, Distributors/Traders
9.1 Marketing Channel
9.1.1 Direct Marketing
9.1.2 Indirect Marketing
9.1.3 Marketing Channel Development Trend
9.2 Market Positioning
9.2.1 Pricing Strategy
9.2.2 Brand Strategy
9.2.3 Target Client
9.3 Distributors/Traders List
10 Market Effect Factors Analysis
10.1 Technology Progress/Risk
10.1.1 Substitutes Threat
10.1.2 Technology Progress in Related Industry
10.2 Consumer Needs/Customer Preference Change
10.3 Economic/Political Environmental Change
11 United States Converting Plastic to Oil Market Size (Value and Volume) Forecast (2017-2022)
11.1 United States Converting Plastic to Oil Sales Volume, Revenue Forecast (2017-2022)
11.2 United States Converting Plastic to Oil Sales Volume Forecast by Type (2017-2022)
11.3 United States Converting Plastic to Oil Sales Volume Forecast by Application (2017-2022)
11.4 United States Converting Plastic to Oil Sales Volume Forecast by Region (2017-2022)
12 Research Findings and Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
List of Tables and Figures
Figure Product Picture of Converting Plastic to Oil
Figure United States Converting Plastic to Oil Market Size (K MT) by Type (2012-2022)
Figure United States Converting Plastic to Oil Sales Volume Market Share by Type (Product Category) in 2016
Figure Pyrolysis Process Product Picture
Figure Gasification and Synthesis Process Product Picture
Figure Catalytic Depolymerization Process Product Picture
Figure United States Converting Plastic to Oil Market Size (K MT) by Application (2012-2022)
Figure United States Sales Market Share of Converting Plastic to Oil by Application in 2016
Figure Diesel Examples
Table Key Downstream Customer in Diesel
Figure Gasoline Examples
Table Key Downstream Customer in Gasoline
Figure Kerosene Examples
Table Key Downstream Customer in Kerosene
Figure Synthetic Gases Examples
Table Key Downstream Customer in Synthetic Gases
Figure Others Examples
Table Key Downstream Customer in Others
Figure United States Converting Plastic to Oil Market Size (Million USD) by Region (2012-2022)
Figure The West Converting Plastic to Oil Revenue (Million USD) and Growth Rate (2012-2022)
Figure Southwest Converting Plastic to Oil Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Middle Atlantic Converting Plastic to Oil Revenue (Million USD) and Growth Rate (2012-2022)
Figure New England Converting Plastic to Oil Revenue (Million USD) and Growth Rate (2012-2022)
Figure The South of US Converting Plastic to Oil Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Midwest Converting Plastic to Oil Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Converting Plastic to Oil Sales (K MT) and Growth Rate (2012-2022)
Figure United States Converting Plastic to Oil Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Converting Plastic to Oil Market Major Players Product Sales Volume (K MT) (2012-2017)
Table United States Converting Plastic to Oil Sales (K MT) of Key Players/Suppliers (2012-2017)
Table United States Converting Plastic to Oil Sales Share by Players/Suppliers (2012-2017)
Figure 2016 United States Converting Plastic to Oil Sales Share by Players/Suppliers
Figure 2017 United States Converting Plastic to Oil Sales Share by Players/Suppliers
Figure United States Converting Plastic to Oil Market Major Players Product Revenue (Million USD) (2012-2017)
Table United States Converting Plastic to Oil Revenue (Million USD) by Players/Suppliers (2012-2017)
Table United States Converting Plastic to Oil Revenue Share by Players/Suppliers (2012-2017)
Figure 2016 United States Converting Plastic to Oil Revenue Share by Players/Suppliers
Figure 2017 United States Converting Plastic to Oil Revenue Share by Players/Suppliers
Table United States Market Converting Plastic to Oil Average Price (USD/MT) of Key Players/Suppliers (2012-2017)
Figure United States Market Converting Plastic to Oil Average Price (USD/MT) of Key Players/Suppliers in 2016
Figure United States Converting Plastic to Oil Market Share of Top 3 Players/Suppliers
Figure United States Converting Plastic to Oil Market Share of Top 5 Players/Suppliers
Table United States Players/Suppliers Converting Plastic to Oil Manufacturing Base Distribution and Sales Area
Table United States Players/Suppliers Converting Plastic to Oil Product Category
Table United States Converting Plastic to Oil Sales (K MT) by Region (2012-2017)
Table United States Converting Plastic to Oil Sales Share by Region (2012-2017)
Figure United States Converting Plastic to Oil Sales Share by Region (2012-2017)
Figure United States Converting Plastic to Oil Sales Market Share by Region in 2016
Table United States Converting Plastic to Oil Revenue (Million USD) and Market Share by Region (2012-2017)
Table United States Converting Plastic to Oil Revenue Share by Region (2012-2017)
Figure United States Converting Plastic to Oil Revenue Market Share by Region (2012-2017)
Figure United States Converting Plastic to Oil Revenue Market Share by Region in 2016
Table United States Converting Plastic to Oil Price (USD/MT) by Region (2012-2017)
Table United States Converting Plastic to Oil Sales (K MT) by Type (2012-2017)
Table United States Converting Plastic to Oil Sales Share by Type (2012-2017)
Figure United States Converting Plastic to Oil Sales Share by Type (2012-2017)
Figure United States Converting Plastic to Oil Sales Market Share by Type in 2016
Table United States Converting Plastic to Oil Revenue (Million USD) and Market Share by Type (2012-2017)
Table United States Converting Plastic to Oil Revenue Share by Type (2012-2017)
Figure Revenue Market Share of Converting Plastic to Oil by Type (2012-2017)
Figure Revenue Market Share of Converting Plastic to Oil by Type in 2016
Table United States Converting Plastic to Oil Price (USD/MT) by Types (2012-2017)
Figure United States Converting Plastic to Oil Sales Growth Rate by Type (2012-2017)
Table United States Converting Plastic to Oil Sales (K MT) by Application (2012-2017)
Table United States Converting Plastic to Oil Sales Market Share by Application (2012-2017)
Figure United States Converting Plastic to Oil Sales Market Share by Application (2012-2017)
Figure United States Converting Plastic to Oil Sales Market Share by Application in 2016
Table United States Converting Plastic to Oil Sales Growth Rate by Application (2012-2017)
Figure United States Converting Plastic to Oil Sales Growth Rate by Application (2012-2017)
Table Agilyx Basic Information List
Table Agilyx Converting Plastic to Oil Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Agilyx Converting Plastic to Oil Sales Growth Rate (2012-2017)
Figure Agilyx Converting Plastic to Oil Sales Market Share in United States (2012-2017)
Figure Agilyx Converting Plastic to Oil Revenue Market Share in United States (2012-2017)
Table Nexus Fuels Basic Information List
Table Nexus Fuels Converting Plastic to Oil Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Nexus Fuels Converting Plastic to Oil Sales Growth Rate (2012-2017)
Figure Nexus Fuels Converting Plastic to Oil Sales Market Share in United States (2012-2017)
Figure Nexus Fuels Converting Plastic to Oil Revenue Market Share in United States (2012-2017)
Table Plastic Advanced Recycling Corporation Basic Information List
Table Plastic Advanced Recycling Corporation Converting Plastic to Oil Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Plastic Advanced Recycling Corporation Converting Plastic to Oil Sales Growth Rate (2012-2017)
Figure Plastic Advanced Recycling Corporation Converting Plastic to Oil Sales Market Share in United States (2012-2017)
Figure Plastic Advanced Recycling Corporation Converting Plastic to Oil Revenue Market Share in United States (2012-2017)
Table Vadxx Basic Information List
Table Vadxx Converting Plastic to Oil Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Vadxx Converting Plastic to Oil Sales Growth Rate (2012-2017)
Figure Vadxx Converting Plastic to Oil Sales Market Share in United States (2012-2017)
Figure Vadxx Converting Plastic to Oil Revenue Market Share in United States (2012-2017)
Table Clean Blue Technologies Basic Information List
Table Clean Blue Technologies Converting Plastic to Oil Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Clean Blue Technologies Converting Plastic to Oil Sales Growth Rate (2012-2017)
Figure Clean Blue Technologies Converting Plastic to Oil Sales Market Share in United States (2012-2017)
Figure Clean Blue Technologies Converting Plastic to Oil Revenue Market Share in United States (2012-2017)
Table MK Aromatics Basic Information List
Table MK Aromatics Converting Plastic to Oil Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure MK Aromatics Converting Plastic to Oil Sales Growth Rate (2012-2017)
Figure MK Aromatics Converting Plastic to Oil Sales Market Share in United States (2012-2017)
Figure MK Aromatics Converting Plastic to Oil Revenue Market Share in United States (2012-2017)
Table Plastic2Oil Basic Information List
Table Plastic2Oil Converting Plastic to Oil Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Plastic2Oil Converting Plastic to Oil Sales Growth Rate (2012-2017)
Figure Plastic2Oil Converting Plastic to Oil Sales Market Share in United States (2012-2017)
Figure Plastic2Oil Converting Plastic to Oil Revenue Market Share in United States (2012-2017)
Table Recycling Technologies Basic Information List
Table Recycling Technologies Converting Plastic to Oil Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Recycling Technologies Converting Plastic to Oil Sales Growth Rate (2012-2017)
Figure Recycling Technologies Converting Plastic to Oil Sales Market Share in United States (2012-2017)
Figure Recycling Technologies Converting Plastic to Oil Revenue Market Share in United States (2012-2017)
Table PLASTIC ENERGY Basic Information List
Table PLASTIC ENERGY Converting Plastic to Oil Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure PLASTIC ENERGY Converting Plastic to Oil Sales Growth Rate (2012-2017)
Figure PLASTIC ENERGY Converting Plastic to Oil Sales Market Share in United States (2012-2017)
Figure PLASTIC ENERGY Converting Plastic to Oil Revenue Market Share in United States (2012-2017)
Table PK Clean Basic Information List
Table PK Clean Converting Plastic to Oil Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure PK Clean Converting Plastic to Oil Sales Growth Rate (2012-2017)
Figure PK Clean Converting Plastic to Oil Sales Market Share in United States (2012-2017)
Figure PK Clean Converting Plastic to Oil Revenue Market Share in United States (2012-2017)
Table Production Base and Market Concentration Rate of Raw Material
Figure Price Trend of Key Raw Materials
Table Key Suppliers of Raw Materials
Figure Manufacturing Cost Structure of Converting Plastic to Oil
Figure Manufacturing Process Analysis of Converting Plastic to Oil
Figure Converting Plastic to Oil Industrial Chain Analysis
Table Raw Materials Sources of Converting Plastic to Oil Major Players/Suppliers in 2016
Table Major Buyers of Converting Plastic to Oil
Table Distributors/Traders List
Figure United States Converting Plastic to Oil Sales Volume (K MT) and Growth Rate Forecast (2017-2022)
Figure United States Converting Plastic to Oil Revenue (Million USD) and Growth Rate Forecast (2017-2022)
Figure United States Converting Plastic to Oil Price (USD/MT) Trend Forecast (2017-2022)
Table United States Converting Plastic to Oil Sales Volume (K MT) Forecast by Type (2017-2022)
Figure United States Converting Plastic to Oil Sales Volume (K MT) Forecast by Type (2017-2022)
Figure United States Converting Plastic to Oil Sales Volume (K MT) Forecast by Type in 2022
Table United States Converting Plastic to Oil Sales Volume (K MT) Forecast by Application (2017-2022)
Figure United States Converting Plastic to Oil Sales Volume (K MT) Forecast by Application (2017-2022)
Figure United States Converting Plastic to Oil Sales Volume (K MT) Forecast by Application in 2022
Table United States Converting Plastic to Oil Sales Volume (K MT) Forecast by Region (2017-2022)
Table United States Converting Plastic to Oil Sales Volume Share Forecast by Region (2017-2022)
Figure United States Converting Plastic to Oil Sales Volume Share Forecast by Region (2017-2022)
Figure United States Converting Plastic to Oil Sales Volume Share Forecast by Region in 2022
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now letās take a closer look at the research methods here.
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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