Waste To Diesel Market Size To Reach $1,510.3 Million By 2030

Waste To Diesel Market Growth & Trends

The global waste to diesel market size is anticipated to reach USD 1,510.3 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 10.4% from 2024 to 2030. 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.

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Waste To Diesel Market Report Highlights

• The municipal waste segment held the largest market revenue share of 47.5% in 2023. Municipal waste is abundant, readily available, and often underutilized, making it a preferred feedstock for converting waste into diesel. 

• The plastic waste segment is expected to grow at the fastest CAGR of 10.5% over the forecast period. The growing need to manage the escalating amounts of global plastic waste drives the segment growth. 

• Europe market held the largest market revenue share of 41.6% in 2023. The region's stringent environmental regulations and its push towards achieving a circular economy drive market growth.

Waste To Diesel Market Segmentation

Grand View Research has segmented the global waste to diesel market report based on, source, technology, and region:

Waste To Diesel Market Source Outlook (Revenue, USD Million, 2018 - 2030)

• Oil & fat waste

• Municipal waste

• Plastic waste

Waste To Diesel Market Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Gasification

• Pyrolysis

• Depolymerisation

• Incineration

Waste To Diesel Market Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • South Africa

  • UAE

List Of Key Players in the Waste To Diesel Market

• Reworld

• Amec Foster Wheeler

• Plastic2Oil

• Ventana Ecogreen Inc. (Please recheck this company, couldn't find this co.)

• Green Alliance

• Klean Industries Inc.