Global Banking & Finance Review
Sales of Waste-derived Pyrolysis Oil to Soar Steadily Through 2029; Biomass-derived Variant Highly Preferred, Reports Future Market Insights
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Published 2 months ago
Stakeholders in waste-derived pyrolysis oil market must scale-up their investments in R&D activities to create alternative fuel sourced from biomass, rubber and plastic for a stronger market foothold. Steered by heightening demand for fossil fuel alternatives, waste-derived pyrolysis oil market will exhibit a steady CAGR of 4.5% over the forecast period (2019-2029). The market is set to witness approximately 1.6X value expansion between 2019 and 2029. Climate change will continue to propel the market growth, projects the new FMI study.