2015 - 2020
Pages
116
Plastic-to-fuel Market: U.S. Scenario, Trends,
Industry Analysis, Size, Share and Forecast, 2015 - 2020
Published Date:
May 2015
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U.S. Plastic-to-fuel Market:
2015 - 2020
REPORT DESCRIPTION
Global UV Tapes Market Projected to reach US$ 437.9 Mn by 2020
Future Market Insights (FMI) announces the release of its latest report titled, “Plastic-to-fuel Market:
U.S. Industry Analysis and Opportunity Assessment 2015 - 2020”. As per FMI’s projection, the U.S.
Plastic-to-fuel market is estimated to generate US$ 42.78 million in revenues in 2015, which is likely to reach US$ 98.26 million in 2020 representing a CAGR of 6.79% through the forecast period of 2016 to
2020.
Increasing Use of Plastics & Need for Developing Alternative Fuels: Key Drivers for U.S. Plastic-to-Fuel
Market
The U.S. Plastic-to-fuel market is driven by number of factors such as increasing use of plastic, leading to easy availability of feedstock. As estimated by the U.S. Environmental Protection Agency (EPA), plastics accounted for approximately 12.7% of the total Municipal Solid Waste (MSW) generation in the
U.S. in 2012.
Strong need for an alternative fuel due to depleting natural hydrocarbon resources across the globe is also a strong driver for growth of the U.S. plastic-to-fuel market. Furthermore, increasing tipping cost of landfills, coupled with a need for solid plastic waste recycling technology is amongst key factors leading to growth in the market.
However, high initial setup cost of waste processing facilities, in addition to technological complexities occurring due to delicate relationship between type of waste plastic processed, technology, and the output can pose key challenges for growth.
Revenue Generated through Sale of Processor:
Links: Press Release on U.S. Plastic-to-fuel Market Forecast: http://www.futuremarketinsights.com/pressreleases/details/us-plastic-to-fuelmarket Article on U.S. Plastic-to-fuel Market Growth: http://www.futuremarketinsights.com/articles/details/us-plastic-to-fuel-market Future Market Insights 7