Pyrolysis Oil Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Waste-Derived Pyrolysis Oil Market Report is Segmented by Raw Material (Waste Plastic, Waste Rubber, Wood, Oil Sludge, and Other Raw Materials), Application (Fuels and Chemicals), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Report Offers Market Size and Forecasts for Pyrolysis Oil in Terms of Revenue (USD) for all the Above Segments.

Pyrolysis Oil Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Pyrolysis Oil Market Size

Pyrolysis Oil Market Summary
Study Period 2024 - 2030
Market Size (2025) USD 0.62 Billion
Market Size (2030) USD 1.53 Billion
CAGR (2025 - 2030) 19.71 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Low

Major Players

Pyrolysis Oil Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Pyrolysis Oil Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Pyrolysis Oil Market Analysis

The Pyrolysis Oil Market size is estimated at USD 0.62 billion in 2025, and is expected to reach USD 1.53 billion by 2030, at a CAGR of 19.71% during the forecast period (2025-2030).

The pyrolysis oil industry is experiencing significant transformation driven by the global push towards a circular economy and sustainable waste management practices. According to World Bank estimates, with global waste generation volume approaching 2 billion tons annually, there is mounting pressure on industries to adopt innovative recycling solutions. This has led to increased investments in pyrolysis oil technology, particularly for processing plastic pyrolysis oil and tire pyrolysis oil waste. The industry is witnessing a surge in technological advancements, with companies focusing on improving oil quality and reactor designs to overcome traditional operational challenges like insufficient heat output and high viscosity issues.


The chemical recycling sector has shown remarkable growth, with the American Chemistry Council (ACC) reporting that the chemical sector had one of its best years in 2022. This positive momentum has continued into 2023, with several major developments in the industry. In November 2023, LyondellBasell announced the development of a recycling plant in Wesseling, Germany, utilizing proprietary MoReTec technology to convert mixed plastic waste into pyrolysis oil. Similarly, Versalis initiated the construction of a 6,000-ton-per-year pyrolysis-based chemical recycling demonstration plant in Mantua, Italy, scheduled for operation by the end of 2024.


The tire recycling segment has emerged as a crucial component of the pyrolysis oil market, with significant developments in infrastructure and capacity. In the United States alone, over 77 million tires, equivalent to 1.41 million tons, were diverted to ground rubber markets in 2022, demonstrating the massive potential for tire pyrolysis oil production. The industry has witnessed notable progress in 2023, with companies like Klean Industries advancing significant tire pyrolysis projects in Melbourne and Sydney, Australia, while Pyrum Innovations successfully started up their new reactor in Dillingen/Saar.


The market is characterized by increasing strategic partnerships and technological collaborations aimed at scaling up production capabilities and improving process efficiency. Companies are focusing on developing advanced purification techniques and upgrading technologies to enhance the quality of bio oil for various end-use applications. The industry is witnessing a shift towards larger-scale facilities, with many players announcing expansion plans and new facility constructions throughout 2023. These developments are accompanied by growing interest from traditional petrochemical companies in incorporating biofuel and alternative fuel sources like pyrolysis oil into their existing processes, indicating a broader acceptance of this alternative feedstock in conventional industrial applications.

Segment Analysis: By Type

Wood Pyrolysis Oil Segment in Pyrolysis Oil Market

Wood pyrolysis oil dominates the global pyrolysis oil market, accounting for approximately 51% of the total market revenue in 2024. This segment's prominence is attributed to the widespread availability of wood-based raw materials and their superior efficiency in producing high-quality biomass pyrolysis oil with optimal yield. The segment primarily utilizes wood chips, sawdust, and forest waste as feedstock, which undergoes rapid thermal decomposition at temperatures around 500°C to produce bio-oil. The oil produced from wood pyrolysis contains 20-30% water content and possesses viscosities between 35-53 centistokes at 40°C, making it suitable for various industrial applications. The segment's dominance is further strengthened by its established supply chain networks and the growing emphasis on sustainable biomass utilization in major economies.

Market Analysis of Pyrolysis Oil Market: Chart for By Type

Plastic Pyrolysis Oil Segment in Pyrolysis Oil Market

The plastic pyrolysis oil segment is projected to exhibit the fastest growth rate of approximately 21% during the forecast period 2024-2029. This remarkable growth is driven by increasing global initiatives to address plastic waste management and the segment's ability to contribute to circular economy objectives. The optimal pyrolysis temperature for converting plastic waste into liquid fuel ranges from 450-700°C, with the addition of catalysts enabling degradation at lower temperatures of 230-350°C. The segment's growth is further supported by technological advancements in plastic waste conversion processes and the rising adoption of chemical recycling methods. Major chemical companies and refineries are increasingly incorporating plastic pyrolysis oil into their feedstock mix, recognizing its potential as a sustainable alternative to conventional petroleum-based products.

Remaining Segments in Pyrolysis Oil Market

The tire pyrolysis oil and other types segments complete the market landscape, each serving specific industrial applications. Tire pyrolysis oil has gained significant traction due to its high calorific value and potential to address end-of-life tire waste management challenges. The process yields approximately 40-45% oil from truck tires and OTR tires, while small car tires or bicycle tires yield about 35-40%. The other types segment, which includes oil sludge and various industrial wastes, represents a smaller but important market share, particularly in regions with stringent waste management regulations. These segments contribute to the market's diversity by offering specialized solutions for different waste streams and end-user requirements.

Segment Analysis: By Technology

Pyrolysis Segment in Pyrolysis Oil Market

The pyrolysis segment dominates the global pyrolysis oil market, commanding approximately 96% of the market share in 2024, equivalent to USD 458.38 million. This substantial market position is attributed to pyrolysis being the most widely adopted technology for converting various feedstocks into pyrolysis liquid, including waste plastics, tires, and biomass. The segment's prominence is driven by its ability to provide a high yield of oil with minimum processing time, making it a cost-effective technology for industrial applications. The technology's versatility in handling different types of feedstock, coupled with its proven track record in commercial operations, has led to its widespread adoption across various end-use industries. Furthermore, the segment is projected to maintain its leading position with the fastest growth rate of around 19% from 2024 to 2029, driven by increasing investments in pyrolysis facilities globally and growing demand for sustainable fuel alternatives.

Hydrothermal Liquefaction Segment in Pyrolysis Oil Market

The Hydrothermal Liquefaction (HTL) segment represents a smaller but significant portion of the pyrolysis oil market, offering unique advantages in processing high-moisture content biomass feedstocks. This technology operates under high temperatures and pressures to facilitate the conversion of biomass into biofuels and valuable industrial chemicals. The HTL process has gained attention for its ability to handle resources with high moisture content, unlike traditional pyrolysis methods, making it particularly suitable for certain types of biomass feedstocks. The segment's growth is supported by ongoing research and development activities aimed at improving process efficiency and reducing operational costs. Several demonstration-scale HTL plants are currently operational or under development across multiple countries, indicating growing interest in this technology for sustainable fuel production.

Segment Analysis: By Applications

Renewable Fuels Segment in Pyrolysis Oil Market

The renewable fuels segment dominates the global pyrolysis oil market, accounting for approximately 94% of the total market revenue in 2024. This segment's commanding position is primarily driven by the increasing adoption of fast pyrolysis oil as a substitute for fossil fuels in several applications, including diesel engines as an alternative to traditional diesel oil. The segment's growth is further supported by its high calorific value and effective combustion properties, making it particularly suitable for direct combustion applications. Pyrolysis oil's potential as a bunker fuel in large marine engines has also contributed to its market dominance, owing to its relatively low cost and availability. The segment is experiencing robust growth with a projected growth rate of nearly 19% from 2024 to 2029, driven by increasing environmental regulations and the growing need for sustainable fuel alternatives. The rising demand from heat and power generation sectors, coupled with the global push towards reducing carbon emissions, continues to strengthen this segment's market position. Additionally, the segment benefits from pyrolysis oil's versatility in various industrial applications, including its use in boilers, furnaces, and gas turbines for power generation.

Chemicals Segment in Pyrolysis Oil Market

The chemicals segment represents a smaller but significant portion of the pyrolysis oil market, focusing on the production of various chemical compounds through different conversion processes. This segment utilizes pyrolysis oil as a feedstock for manufacturing a diverse range of chemicals including acetic acid, formic acid, phenols, benzene, and xylene through processes such as distillation and chemical reactions. The segment's growth is supported by the increasing demand for sustainable chemical production methods and the versatility of pyrolysis oil in chemical manufacturing. Various refinement and treatment processes are employed to remove impurities and improve the stability and performance of pyrolysis oil for chemical applications. The segment also benefits from the growing trend of biochar production through carbonization processes, which finds applications in soil amendment and water filtration systems. The chemical segment's development is further enhanced by its role in food flavoring chemicals and food aroma products, demonstrating the versatility of pyrolysis oil in high-value chemical applications. The segment's growth is also driven by the increasing focus on circular economy principles and the need to develop sustainable alternatives to petroleum-based chemicals.

Pyrolysis Oil Market Geography Segment Analysis

Pyrolysis Oil Market in Asia-Pacific

The Asia-Pacific region represents a significant pyrolysis oil market, driven by rapid industrialization and an increasing focus on sustainable waste management solutions. Countries like China, India, Japan, and South Korea are leading the adoption of pyrolysis oil technology, while emerging economies like Malaysia, Thailand, Indonesia, and Vietnam are showing growing interest. The region's strong manufacturing base, particularly in chemicals and materials processing, combined with rising environmental concerns and supportive government policies, creates favorable conditions for market growth. The presence of numerous tire manufacturing facilities and growing plastic waste management initiatives further strengthens the market dynamics in this region.

Market Analysis of Pyrolysis Oil Market: Forecasted Growth Rate by Region

Pyrolysis Oil Market in China

China dominates the Asia-Pacific pyrolysis oil market, leveraging its robust industrial infrastructure and growing emphasis on environmental sustainability. With approximately 70% share of the regional market in 2024, China leads in both production and consumption of pyrolysis oil. The country's extensive chemical industry, combined with its large-scale manufacturing sector, drives substantial demand for pyrolysis oil as a renewable fuel source. The government's commitment to reducing emissions and managing waste effectively has led to increased investments in pyrolysis technology. Various end-user industries, including refineries and thermal power plants, are adopting pyrolysis oil as an alternative to conventional fuels, particularly in boiler applications.

Pyrolysis Oil Market in India

India emerges as the fastest-growing market in the Asia-Pacific region, with a projected growth rate of approximately 24% from 2024 to 2029. The country's rapid urbanization and industrialization create substantial opportunities for pyrolysis oil applications. India's focus on renewable energy sources and waste management solutions drives market expansion. The country's growing emphasis on reducing dependency on conventional fuels, coupled with increasing environmental regulations, supports the adoption of pyrolysis oil. The establishment of new pyrolysis facilities and growing interest from various industrial sectors, including cement manufacturing and power generation, further accelerates market growth.

Pyrolysis Oil Market in North America

The North American pyrolysis oil market demonstrates strong growth potential, supported by advanced technological infrastructure and an increasing focus on sustainable waste management solutions. The United States, Canada, and Mexico collectively form a robust market, driven by stringent environmental regulations and a growing emphasis on circular economy principles. The region's well-established chemical and petrochemical industries, combined with increasing investments in renewable energy solutions, create favorable conditions for market expansion. The presence of major industry players and ongoing research and development activities further strengthens the market dynamics.

Pyrolysis Oil Market in United States

The United States leads the North American market, commanding approximately 83% of the regional market share in 2024. The country's advanced technological infrastructure and strong focus on sustainable waste management solutions drive market growth. The presence of numerous pyrolysis facilities and ongoing expansion projects demonstrates the market's maturity. The country's chemical industry, being one of the largest manufacturing sectors, provides substantial opportunities for pyrolysis oil applications. The implementation of various environmental regulations and an increasing focus on reducing carbon emissions further supports market development.

Pyrolysis Oil Market in United States - Growth Trends

The United States also emerges as the fastest-growing market in North America, with an expected growth rate of approximately 19% from 2024 to 2029. The country's commitment to developing alternative fuel sources and reducing plastic waste drives this growth. Increasing investments in research and development activities and the establishment of new pyrolysis facilities contribute to market expansion. The growing adoption of pyrolysis oil in various industrial applications, including heat and power generation, supports sustained market growth. The country's focus on developing circular economy solutions and reducing dependency on conventional fuels further accelerates market development.

Pyrolysis Oil Market in Europe

Europe represents a mature pyrolysis oil market, characterized by advanced technological adoption and strong environmental regulations. The region encompasses key markets, including Germany, the United Kingdom, France, Italy, Spain, Nordic countries, Turkey, and Russia. The European Union's stringent waste management policies and emphasis on circular economy principles drive market growth. The region's well-established industrial infrastructure and increasing focus on sustainable solutions create favorable conditions for market expansion. The presence of numerous research and development facilities and ongoing technological innovations further strengthens the market position.

Pyrolysis Oil Market in Germany

Germany emerges as the largest market for pyrolysis oil in Europe, supported by its robust chemical industry and strong focus on sustainable technologies. The country's advanced manufacturing sector and well-established waste management infrastructure drive market growth. Germany's commitment to reducing emissions and promoting circular economy solutions creates substantial opportunities for pyrolysis oil applications. The presence of major industry players and ongoing investments in research and development activities further strengthens the market position. The country's strong emphasis on renewable energy sources and waste-to-energy solutions supports continued market expansion.

Pyrolysis Oil Market in United Arab Emirates

The United Arab Emirates demonstrates the fastest growth potential in the European region, driven by increasing investments in sustainable technologies and waste management solutions. The country's focus on diversifying its energy sources and reducing environmental impact supports market growth. The establishment of new pyrolysis facilities and growing adoption across various industrial sectors contribute to market expansion. The UAE's commitment to developing circular economy solutions and reducing waste creates favorable conditions for market development. The country's strong emphasis on innovative technologies and sustainable practices further accelerates market growth.

Pyrolysis Oil Market in South America

The South American pyrolysis oil market shows promising growth potential, with Brazil, Argentina, and Colombia emerging as key markets. The region's increasing focus on sustainable waste management solutions and growing environmental awareness drive market development. Brazil leads the regional market, while Argentina demonstrates the fastest growth potential. The presence of numerous manufacturing facilities and a growing emphasis on renewable energy solutions create favorable conditions for market expansion. The region's substantial industrial base and increasing government initiatives supporting sustainable technologies further strengthen market growth prospects.

Pyrolysis Oil Market in Middle East & Africa

The Middle East & Africa region presents significant growth opportunities in the pyrolysis oil market, encompassing key markets such as Saudi Arabia, South Africa, Nigeria, Qatar, Egypt, and the United Arab Emirates. The region's growing focus on diversifying energy sources and increasing environmental concerns drive market development. Saudi Arabia emerges as the largest market in the region, while South Africa shows the fastest growth potential. The establishment of new pyrolysis facilities and increasing adoption across various industrial sectors contribute to market expansion. The region's strong emphasis on sustainable waste management solutions and a growing industrial base further supports market growth.

Pyrolysis Oil Industry Overview

Top Companies in Pyrolysis Oil Market

The global pyrolysis oil market features prominent players like Bioenergy AE Côte-Nord, Kerry Group, Pyrocell, TWENCE, and Green Fuel Nordic leading the industry. Companies are increasingly focusing on technological innovations, particularly in fast pyrolysis oil and circulating fluidized bed reactor technologies, to optimize production yields and quality. Strategic partnerships and collaborations with waste management companies, recyclers, and end-users have become crucial for securing feedstock supply and market access. Operational agility is demonstrated through investments in modular plant designs and flexible production capabilities that can handle multiple feedstock types. Geographic expansion strategies are primarily centered around establishing facilities near major industrial clusters and waste generation sources, while product innovation efforts are directed towards developing specialized grades for specific applications like renewable oil fuels and chemical feedstock.

Fragmented Market with Strong Regional Players

The pyrolysis oil market exhibits a fragmented structure characterized by a mix of global chemical conglomerates and specialized regional players. Large chemical and energy companies are increasingly entering the market through acquisitions and joint ventures, particularly in Europe and North America, where regulatory support for circular economy initiatives is strong. The market demonstrates a pattern of strategic consolidation through partnerships between technology providers, waste management companies, and established chemical manufacturers to create integrated value chains.


The competitive dynamics are shaped by regional clusters, particularly in Europe, where companies benefit from supportive policies and established industrial networks. Joint ventures and technology licensing agreements are becoming increasingly common as companies seek to combine complementary capabilities in waste collection, processing technology, and market access. Market participants are actively pursuing vertical integration strategies, from securing waste feedstock sources to developing end-user relationships in various industrial sectors.

Innovation and Sustainability Drive Future Growth

Success in the biofuel industry increasingly depends on developing efficient technologies that can process multiple waste streams while maintaining consistent product quality. Companies need to focus on establishing long-term feedstock supply agreements and developing strong relationships with waste management operators to ensure operational stability. The ability to meet stringent quality requirements from end-users in the chemical and fuel sectors, while maintaining cost competitiveness against traditional fossil-based alternatives, remains crucial for market success.


Future market leadership will require significant investments in research and development to improve process efficiency and product quality. Companies must also focus on building robust distribution networks and developing strategic partnerships with end-users in key industries. The regulatory landscape, particularly regarding waste management and renewable fuel standards, will continue to shape market opportunities and drive investment decisions. Successful players will need to demonstrate strong sustainability credentials and the ability to contribute to circular economy objectives while maintaining profitable operations in the alternative fuel industry.

Pyrolysis Oil Market Leaders

  1. Twence

  2. Green Fuel Nordic Oy

  3. Bioenergy AE Cote-Nord

  4. New Hope Energy

  5. Setra Group

  6. *Disclaimer: Major Players sorted in no particular order
Pyrolysis Oil Market Concentration
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Pyrolysis Oil Market News

  • June 2023: Audi Hungaria announced its cooperation with New Energy Kft. to deal with tire waste generated at Audi’s Gyor plant. The process for recycling tire waste was pyrolysis, in which tire waste is chemically converted into oil that petrochemical companies can use to produce new plastics, while the resulting recovered carbon black is utilized in tire production.
  • February 2023: Alterra Energy, LLC announced its license agreement with a subsidiary of Freepoint Eco-Systems Holdings LLC, which will use its pyrolysis technology for processing plastic waste at a 192,000-metric-ton-per-year facility in the United States Gulf Coast region.
  • May 2022: ArcelorMittal Mining Canada and BioÉnergie AE Côte-Nord Canada signed a three-year agreement under which 16 million liters of pyrolytic oil per year was to be supplied to the ArcelorMittal pellet plant. ArcelorMittal Mining Canada is a steel and mining company among the top five producers of iron ore products globally.
  • May 2022: New Hope Energy and TotalEnergies announced an agreement to build an advanced recycling plant in Texas to transform end-of-life plastic waste into a recycled feedstock that TotalEnergies will likely partly purchase and convert into virgin-quality polymers to use for food-grade packaging.

Pyrolysis Oil Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Rising Demand For Environment-friendly Fuel and Raw Material Alternatives
    • 4.1.2 Increasing Demand From Heat and Power Generation Sectors
  • 4.2 Restraints
    • 4.2.1 Problems Associated With Storage, Transportation, and Application of Pyrolysis Oil
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Raw Material
    • 5.1.1 Waste Plastic
    • 5.1.2 Waste Rubber
    • 5.1.3 Wood
    • 5.1.4 Oil Sludge
    • 5.1.5 Other Raw Materials
  • 5.2 Application
    • 5.2.1 Fuels
    • 5.2.2 Chemicals
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 Thailand
    • 5.3.1.5 Vietnam
    • 5.3.1.6 Malaysia
    • 5.3.1.7 Indonesia
    • 5.3.1.8 South Korea
    • 5.3.1.9 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 France
    • 5.3.3.3 United Kingdom
    • 5.3.3.4 Italy
    • 5.3.3.5 NORDIC
    • 5.3.3.6 Spain
    • 5.3.3.7 Turkey
    • 5.3.3.8 Russia
    • 5.3.3.9 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Colombia
    • 5.3.4.4 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Morocco
    • 5.3.5.4 Qatar
    • 5.3.5.5 Egypt
    • 5.3.5.6 United Arab Emirates
    • 5.3.5.7 Nigeria
    • 5.3.5.8 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Alterra Energy, LLC
    • 6.4.2 Bioenergy Ae Cote-Nord
    • 6.4.3 Ensyn
    • 6.4.4 Green Fuel Nordic Oy
    • 6.4.5 Mk Aromatics Limited
    • 6.4.6 New Energy Kft.
    • 6.4.7 New Hope Energy
    • 6.4.8 Nexus Circular
    • 6.4.9 Plastic Advanced Recycling Corp.
    • 6.4.10 PLASTIC ENERGY
    • 6.4.11 Setra Group
    • 6.4.12 Quantafuel ASA
    • 6.4.13 Trident Fuels Pty Ltd.
    • 6.4.14 Twence
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Emerging Applications in Biorefineries
**Subject to Availability
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Pyrolysis Oil Industry Segmentation

Pyrolysis oil is a liquid substance obtained in the pyrolysis process and subsequent cooling, which is a synthetic fuel manufactured as a substitute for petroleum. The product, also known as biocrude or bio-oil, is a complex blend of molecules generally comprising more than 200 different compounds resulting from the depolymerization of products treated in pyrolysis.

The pyrolysis oil market is segmented by raw material, application, and geography. By raw material, the market is segmented into waste plastic, waste rubber, wood, oil sludge, and other raw materials (waste tyres, etc.). By application, the market is segmented into fuels and chemicals. The report also covers the market size and forecasts for the pyrolysis oil market in 27 countries across major regions. 

The report offers market size and forecasts for pyrolysis oil in terms of revenue in USD for all the above-mentioned segments.

Raw Material Waste Plastic
Waste Rubber
Wood
Oil Sludge
Other Raw Materials
Application Fuels
Chemicals
Geography Asia-Pacific China
India
Japan
Thailand
Vietnam
Malaysia
Indonesia
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
France
United Kingdom
Italy
NORDIC
Spain
Turkey
Russia
Rest of Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Morocco
Qatar
Egypt
United Arab Emirates
Nigeria
Rest of Middle East and Africa
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Pyrolysis Oil Market Research FAQs

How big is the Pyrolysis Oil Market?

The Pyrolysis Oil Market size is expected to reach USD 0.62 billion in 2025 and grow at a CAGR of 19.71% to reach USD 1.53 billion by 2030.

What is the current Pyrolysis Oil Market size?

In 2025, the Pyrolysis Oil Market size is expected to reach USD 0.62 billion.

Who are the key players in Pyrolysis Oil Market?

Twence, Green Fuel Nordic Oy, Bioenergy AE Cote-Nord, New Hope Energy and Setra Group are the major companies operating in the Pyrolysis Oil Market.

Which is the fastest growing region in Pyrolysis Oil Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Pyrolysis Oil Market?

In 2025, the Europe accounts for the largest market share in Pyrolysis Oil Market.

What years does this Pyrolysis Oil Market cover, and what was the market size in 2024?

In 2024, the Pyrolysis Oil Market size was estimated at USD 0.50 billion. The report covers the Pyrolysis Oil Market historical market size for years: 2024. The report also forecasts the Pyrolysis Oil Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Pyrolysis Oil Market Research

Mordor Intelligence offers comprehensive expertise in the pyrolysis oil market. We deliver an in-depth analysis of bio oil production and its applications. Our research covers the entire range of biomass conversion technologies. This includes thermal decomposition products, biomass liquefaction, and various pyrolysis liquid processes. The report examines key developments in alternative fuel production, focusing on plastic pyrolysis oil, tire pyrolysis oil, and wood pyrolysis oil manufacturing methods. We also cover the growing biofuel industry and emerging technologies in organic waste conversion.

Stakeholders in the renewable fuel market and alternative fuel industry will benefit from our detailed examination of bio crude oil production trends and market dynamics. The report, available as an easy-to-download PDF, provides comprehensive insights into synthetic fuel development and biomass pyrolysis oil applications. We analyze major bio oil companies and their strategic initiatives in the renewable oil sector. Additionally, we explore opportunities in fast pyrolysis oil technology and biofuel market expansion. Our research supports decision-makers as they navigate the evolving landscape of alternative fuel market opportunities and renewable fuel innovations.

Pyrolysis Oil Market Report Snapshots