Market overview
The global waste-derived pyrolysis oil market is worth USD 1.1 bn in 2026 and is forecast to reach USD 2.9 bn by 2036, growing at a 10.5% CAGR. China is the largest country market and Mixed plastic waste is the largest by feedstock segment.
| Scope | Pyrolysis oil from end-of-life plastics, tyres and other waste, sold as steam cracker feedstock, industrial fuel oil and blending stock. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 960 mn |
| Value 2026 | USD 1.1 bn |
| Value 2036 | USD 2.9 bn |
| CAGR 2026-2036 | 10.5% |
| Volume 2026 | 1,751,244 tonnes |
| Volume 2036 | 4,521,773 tonnes |
| Average price 2026 | USD 603 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Waste-derived Pyrolysis Oil market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 1.1 bn |
| 2027 | USD 1.2 bn |
| 2028 | USD 1.3 bn |
| 2029 | USD 1.4 bn |
| 2030 | USD 1.6 bn |
| 2031 | USD 1.7 bn |
| 2032 | USD 1.9 bn |
| 2033 | USD 2.1 bn |
| 2034 | USD 2.3 bn |
| 2035 | USD 2.6 bn |
| 2036 | USD 2.9 bn |
Waste-derived Pyrolysis Oil market segmentation
By feedstock
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Mixed plastic waste | 45.0% | 57.4% | USD 475 mn | 13.2% |
| Waste tyres | 42.0% | 31.0% | USD 444 mn | 7.2% |
| Biomass and other waste | 13.0% | 11.6% | USD 137 mn | 9.2% |
By use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Steam cracker feedstock | 38.0% | 55.7% | USD 401 mn | 14.8% |
| Industrial fuel oil | 34.0% | 24.1% | USD 359 mn | 6.8% |
| Marine and transport fuel blends | 16.0% | 12.5% | USD 169 mn | 7.8% |
| Carbon black and other | 12.0% | 7.7% | USD 127 mn | 5.8% |
By process
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Thermal pyrolysis | 54.0% | 50.0% | USD 570 mn | 9.7% |
| Catalytic pyrolysis | 28.0% | 30.0% | USD 296 mn | 11.3% |
| Hydrothermal | 8.0% | 10.0% | USD 84 mn | 13.0% |
| Microwave | 10.0% | 10.0% | USD 106 mn | 10.5% |
By quality
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Crude oil | 38.0% | 36.0% | USD 401 mn | 9.9% |
| Upgraded oil | 36.0% | 38.0% | USD 380 mn | 11.1% |
| Hydrotreated | 26.0% | 26.0% | USD 275 mn | 10.5% |
By supply
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Contract | 46.0% | 44.0% | USD 486 mn | 10.0% |
| Spot | 32.0% | 32.0% | USD 338 mn | 10.5% |
| Captive | 22.0% | 24.0% | USD 232 mn | 11.5% |
Top 25 countries for waste-derived pyrolysis oil by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 82.0% of 2026 revenue and the 25 countries below together hold 97.1%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 380 mn | 36.0% | USD 1.1 bn | 11.2% |
| 2 | India | USD 106 mn | 10.0% | USD 350 mn | 12.7% |
| 3 | United States | USD 84 mn | 8.0% | USD 215 mn | 9.8% |
| 4 | Germany | USD 63 mn | 6.0% | USD 146 mn | 8.7% |
| 5 | Netherlands | USD 53 mn | 5.0% | USD 129 mn | 9.3% |
| 6 | Belgium | USD 42 mn | 4.0% | USD 103 mn | 9.3% |
| 7 | South Korea | USD 42 mn | 4.0% | USD 106 mn | 9.6% |
| 8 | Japan | USD 32 mn | 3.0% | USD 69 mn | 8.1% |
| 9 | United Kingdom | USD 32 mn | 3.0% | USD 77 mn | 9.3% |
| 10 | Thailand | USD 32 mn | 3.0% | USD 89 mn | 10.9% |
| 11 | France | USD 29 mn | 2.7% | USD 72 mn | 9.6% |
| 12 | Italy | USD 24 mn | 2.3% | USD 60 mn | 9.6% |
| 13 | Spain | USD 20 mn | 1.9% | USD 50 mn | 9.6% |
| 14 | Poland | USD 17 mn | 1.6% | USD 41 mn | 9.6% |
| 15 | Canada | USD 14 mn | 1.3% | USD 34 mn | 9.6% |
| 16 | Indonesia | USD 11 mn | 1.1% | USD 32 mn | 10.8% |
| 17 | Malaysia | USD 9.5 mn | 0.9% | USD 24 mn | 9.5% |
| 18 | Austria | USD 7.8 mn | 0.7% | USD 19 mn | 9.6% |
| 19 | Sweden | USD 6.5 mn | 0.6% | USD 16 mn | 9.6% |
| 20 | Finland | USD 5.4 mn | 0.5% | USD 13 mn | 9.6% |
| 21 | Taiwan | USD 4.4 mn | 0.4% | USD 11 mn | 9.7% |
| 22 | Australia | USD 3.7 mn | 0.3% | USD 9.2 mn | 9.5% |
| 23 | Turkey | USD 3.1 mn | 0.3% | USD 7.7 mn | 9.7% |
| 24 | Brazil | USD 2.5 mn | 0.2% | USD 6.3 mn | 9.5% |
| 25 | Mexico | USD 2.1 mn | 0.2% | USD 5.5 mn | 9.9% |
| Rest of world | USD 30 mn | 2.9% | USD 77 mn | 9.7% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- OMV
- Plastic Energy
- Brightmark
Group 2: Regional and specialist players
- Klean Industries
- Agilyx
- Pyrum Innovations
- Mura Technology
- Fuenix Ecogy
- Nexus Circular
- Clean Planet Energy
- Licella
- Alterra Energy
Group 3: Emerging and niche players
- Scandinavian Enviro Systems
- Bolder Industries
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the waste-derived pyrolysis oil market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 10.5% is calculated from the resulting values.
The market is divided by feedstock, by use, by process, by quality, by supply. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the waste-derived pyrolysis oil market?
The global waste-derived pyrolysis oil market is estimated at USD 960 mn in 2025 and USD 1.1 bn in 2026.
How fast will the waste-derived pyrolysis oil market grow?
It is forecast to reach USD 2.9 bn by 2036, a compound annual growth rate of 10.5% from 2026, an increase of USD 1.8 bn.
Which country is the largest market for waste-derived pyrolysis oil?
China is the largest market by revenue at USD 380 mn in 2026, 36.0% of the global total. The three largest countries together hold 54.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 12.7% a year from 2026 to 2036.
Which waste-derived pyrolysis oil segment is largest?
In the by feedstock split, Mixed plastic waste is the largest segment with 45.0% of 2026 revenue.
Who are the leading waste-derived pyrolysis oil companies?
Global leaders include OMV, Plastic Energy, Brightmark.
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