Pyrolysis Gasoline Market

The feedstock segment of the gasification segment in the global pyrolysis gasoline market is divided into plastic waste, tire waste, and biomass, and by 2023, the first type of waste accounted for the largest share, and its market evaluation was USD 15.2 billion. Moreover, the second type of waste is projected to be the fastest-growing segment with a CAGR of 9.1% from 2024 to 2032, and by that year, it will amount to USD 12.3 billion.

As to the third type of feedstock for pyrolysis gasoline production, its market value is projected to be USD 11.5 billion with the CAGR of 8.6% from 2024 to 2032.

Process Type Segment Insights and Overview For the purpose of the pyrolysis gasoline market report, the global market is segmented based on process types such as batch pyrolysis and continuous pyrolysis. The batch pyrolysis segment accounted for a larger revenue share of the market in 2023. Batch pyrolysis process is the most commonly used process type, particularly for small and medium-scale operations. This is mainly due to its lower operational costs and simplicity in operation.

However, the continuous process type pyrolysis segment is estimated to grow at a faster CAGR, as it offers higher efficiency with greater product yield and larger capacity in feedstock processing.

The application segment plays a crucial role in shaping the Global Pyrolysis Gasoline Market. Among the key applications, fuel blending holds a significant market share. In 2023, the fuel blending segment accounted for approximately 45% of the Global Pyrolysis Gasoline Market revenue. This dominance stems from the growing demand for pyrolysis gasoline as a blending component in transportation fuels, particularly in regions with stringent emission regulations. The use of pyrolysis gasoline in fuel blends helps reduce greenhouse gas emissions and improves fuel efficiency.

Chemicals production is another major application segment, representing around 30% of the market in 2023. Pyrolysis gasoline serves as a valuable feedstock for the production of various chemicals, including olefins, aromatics, and solvents. These chemicals find applications in a wide range of industries, including plastics, pharmaceuticals, and construction. Power generation is a relatively smaller application segment, accounting for approximately 15% of the market in 2023. Pyrolysis gasoline can be used as a fuel source in power plants, offering a cost-effective and environmentally friendly alternative to traditional fossil fuels.

The oil yield segment plays a crucial role in the Global Pyrolysis Gasoline Market. Pyrolysis gasoline with oil yield less than 50% accounted for the largest revenue share in 2023, owing to its wide usage in various applications. The 50-70% oil yield segment is projected to witness significant growth during the forecast period due to increasing demand from the petrochemical industry. The oil yield above 70% segment is anticipated to gain traction, driven by rising demand for high-quality pyrolysis gasoline in the production of aromatics and other value-added chemicals.

Overall, the Global Pyrolysis Gasoline Market is expected to exhibit steady growth, driven by increasing demand from end-use industries, technological advancements, and favorable government policies.

Plant capacity is a key factor in determining the production capacity and overall efficiency of pyrolysis gasoline plants. The global pyrolysis gasoline market is segmented into four plant capacity categories:  25,000 tons/year: Small-scale plants with limited production capacity, typically serving local or regional markets.  25,000-50,000 tons/year: Medium-scale plants with moderate production capacity, often supplying larger geographical areas.  50,000-100,000 tons/year: Large-scale plants with significant production capacity, catering to national or international markets.

100,000 tons/year: Very large-scale plants with the highest production capacity, capable of supplying global markets.  The plant capacity segment with the largest market share is expected to be the 50,000-100,000 tons/year category, due to the optimal balance between production capacity and operational costs. The 25,000 tons/year segment is projected to experience steady growth as small-scale pyrolysis gasoline production becomes more feasible. The Global Pyrolysis Gasoline Market is expected to grow significantly in the coming years, driven by increasing demand for pyrolysis gasoline as a sustainable and cost-effective transportation fuel.

Pyrolysis Gasoline Market End-use Industry Insights  

The Global Pyrolysis Gasoline Market revenue was valued at USD 35.4 billion in 2023, and it is projected to reach USD 72.5 billion by 2032, exhibiting a CAGR of 8.6% during the forecast period. The market is segmented based on end-use industry into automotive, petrochemicals, power generation, and industrial. Automotive: The automotive segment accounted for the largest share of the Global Pyrolysis Gasoline Market in 2023, and it is expected to continue its dominance throughout the forecast period. The growth of the automotive industry, particularly in emerging economies, is driving the demand for pyrolysis gasoline as a fuel for vehicles.