Market Size of Pyrolysis Gas Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Pyrolysis Gas Market Analysis
The pyrolysis gas market is expected to grow at a CAGR of over 3% during the forecast period. Major factor driving the market studied is growing demand of pygas from benzene processing. On the flip side, Volatility in price of hydrocarbons and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- Increasing sale of automotive and growing utilization of pygas in motor fuels is forecasted to offer various opportunities for the growth of the market over the forecast period.
- Pyrolysis gas from benzene processing application is expected to dominate the market studied over the forecast period.
- Asia Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from regions such as China and India .
