Global Pyrolysis Gasoline Market Research Report: By Feedstock (Plastic Waste, Tyre Waste, Biomass), By Process Type (Batch Pyrolysis, Continuous Pyrolysis), By Application (Fuel Blending, Chemicals Production, Power Generation), By Oil Yield ( 50%, 50-70%, >= 70%), By Plant Capacity ( 25,000 tons/year, 25,000-50,000 tons/year, 50,000-100,000 tons/year, > 100,000 tons/year), By End-use Industry (Automotive, Petrochemicals, Power Generation, Industrial) and By Regional (North America, Europe, South America, Asia Pacific, Middle East a

Global Pyrolysis Gasoline Market Overview

As per MRFR analysis, the Pyrolysis Gasoline Market Size was estimated at 38.26 (USD Billion) in 2022.The Pyrolysis Gasoline Market Industry is expected to grow from 41.39(USD Billion) in 2023 to 84.1 (USD Billion) by 2032. The Pyrolysis Gasoline Market CAGR (growth rate) is expected to be around 8.2% during the forecast period (2024 - 2032).

Key Pyrolysis Gasoline Market Trends Highlighted

The driving growth factors for the global pyrolysis gasoline market include gasoline, diesel and jet fuel consumption. The surging automotive industry especially in developing nations, acts as one of the important factors facilitating the market expansion. In addition, the increasing use of new pyrolysis technologies that allow producing pyrolysis gasoline much more efficiently and in greater volumes is also a significant factor.

New regions that remain largely untapped and innovation in safe and environmentally sound pyrolysis procedures presents additional opportunities for market growth. The production of pyrolysis gasoline from waste plastics as well as biomass waste is an attractive opportunity to help alleviate environmental issues. Again, the development of novel uses for pyrolysis gasoline particularly in the chemical industry presents further opportunities for growth.

Some of the most recent developments in the pyrolysis gasoline market include the application of new technologies such as Artificial Intelligence and Internet of Things for production process optimization. There is also increasing trend on the provision of high-grade quality pyrolysis gasoline that can conform to strict fuel specifications.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Pyrolysis Gasoline Market Drivers

Rising Demand for Plastics and Chemicals

The pyrolysis gasoline market is being increasingly driven by the huge demand for plastics and chemicals. Pyrolysis gasoline is an essential feedstock for making many types of plastics like polyethylene, polypropylene and polystyrene. The demand for these plastics from the automotive, packaging and construction industries is shooting up and this is driving the pyrolysis gasoline market. Similarly, this type of gasoline is also used as a feedstock for epoxides, chemicals typically made up of an ethylene oxide and a phenol or amine.

The resultant ethylene and propylene produced can be used for making various products in pharmaceutical, cosmetic and fertilizer industries. This is further driving the pyrolysis gasoline market.

Government Regulations and Environmental Concerns

Stringent government regulations aimed at reducing emissions and promoting sustainable practices are also driving the growth of the pyrolysis gasoline market. Pyrolysis gasoline is a cleaner alternative to traditional fossil fuels, as it produces lower emissions of greenhouse gases and other pollutants. Governments worldwide are implementing policies to encourage the adoption of renewable and sustainable energy sources, which is creating a favorable environment for the growth of the pyrolysis gasoline market.

Technological Advancements and Innovation

The pyrolysis gasoline market is also witnessing growth owing to technological advancements and innovation. Pyrolysis gasoline production technologies are evolving to produce high-yield and low-cost pyrolysis gasoline. Additional research and development are conducted to improve the quality of pyrolysis gasoline and make it more capable for widespread applications, making it a more attractive option for companies from different industries.

Pyrolysis Gasoline Market Segment Insights

Pyrolysis Gasoline Market Feedstock Insights  

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.

The most significant type of feedstock for the pyrolysis gasoline is plastic waste as it is easily available and cheap. Moreover, the amount of plastic waste is rising, and along with it, the environmental concerns are growing as well, making pyrolysis gasoline an excellent alternative to conventional fuels. Another critical feedstock for pyrolysis gasoline production is tire waste as the number of used tires increases, and the governments impose strict requirements of tires disposal. In turn, biomass, including agricultural, wood, and MSW, becomes more popular as feedstock for pyrolysis gasoline production because it is renewable and has low carbon intensity.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Pyrolysis Gasoline Market Process Type Insights  

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.

In this process feedstock is continuously fed into the pyrolysis reactor and pyrolysis products are continuously removed from the feed in order to obtain continuous pyrolysis product. Continuous processing of feedstock through pyrolysis helps in producing relatively clean and more refined products. Hence, continuous pyrolysis is expected to witness considerable growth in the coming years, especially in case of large-scale pyrolysis operations.

Pyrolysis Gasoline Market Application Insights  

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 increasing adoption of renewable energy sources is expected to drive demand for pyrolysis gasoline in power generation in the coming years.

Pyrolysis Gasoline Market Oil Yield Insights  

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.

Pyrolysis Gasoline Market Plant Capacity Insights

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.

Petrochemicals: The petrochemicals segment is another major end-use industry for pyrolysis gasoline. Pyrolysis gasoline is used as a feedstock for the production of various petrochemicals, such as ethylene, propylene, and butadiene. The growth of the petrochemical industry is expected to boost the demand for pyrolysis gasoline in the coming years. Power Generation: Pyrolysis gasoline is also used as a fuel for power generation. It is a clean-burning fuel that can help to reduce emissions. The increasing demand for electricity is expected to drive the demand for pyrolysis gasoline in the power generation sector.

Industrial: Pyrolysis gasoline is used in various industrial applications, such as solvent extraction, rubber manufacturing, and paint manufacturing. The growth of these industries is expected to support the demand for pyrolysis gasoline in the coming years.

Pyrolysis Gasoline Market Regional Insights  

The regional segmentation of the Global Pyrolysis Gasoline Market offers insights into the market's geographical distribution and growth patterns. In 2023, North America held the largest market share, accounting for around 35% of the global revenue. The region's strong petrochemical industry and increasing demand for pyrolysis gasoline as a feedstock for gasoline blending drive its dominance. Europe follows North America with a market share of approximately 28%, supported by stringent environmental regulations and growing adoption of renewable energy sources.

The Asia-Pacific region is projected to witness significant growth over the forecast period, with a CAGR of 9.1%, due to rising demand from emerging economies like China and India. South America and the Middle East Africa regions are expected to contribute smaller but steady growth to the global market.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Pyrolysis Gasoline Market Key Players and Competitive Insights

In recent years, major players in the Pyrolysis Gasoline Market industry have been focusing on expanding their production capacities to cater to the growing demand for pyrolysis gasoline. For example, in March 2023, Petroliam Nasional Berhad announced that it would build a new pyrolysis gasoline production plant in Pengerang, Malaysia. The plant is expected to have a production capacity of 500,000 metric tons per year and is scheduled to come online in 2026. Similarly, in January 2023, Reliance Industries Limited said that it would invest $1 billion to increase the pyrolysis gasoline production capacity of its Jamnagar refinery in India. It is expected that the expansion will increase the refinery’s pyrolysis gasoline production capacity by 50%.

Leading players in the Pyrolysis Gasoline Market industry are also increasingly making investments in research and development to improve the efficiency and sustainability of their production processes. For example, in February 2023, SABIC announced the development of catalyst technology that could help significantly lower the energy consumption and emissions of its pyrolysis gasoline production.

Similarly, in March 2023, Chevron announced that it had developed a process that could convert pyrolysis gasoline into renewable diesel. The process is said to be more efficient in terms of both energy consumption and time compared to the existing processes for renewable diesel production. Chevron believes the renewable diesel produced by the process could help lower the carbon footprint of the transportation sector.

The Pyrolysis Gasoline Market industry is quite competitive. Major players are already vying with one another for a larger share of the global market and higher profitability. Consequently, an environment in which competition is set to become even more intense can be expected in the coming years. The increasing demand for pyrolysis gasoline is expected to drive the competitive dynamics of the industry. Both existing players and new entrants will race to meet the growing demand.

Key Companies in the Pyrolysis Gasoline Market Include:

• Mitsubishi Chemical


• Sinopec


• Braskem


• Chevron Phillips Chemical


• Reliance Industries


• BP


• LyondellBasell


• DOW


• TotalEnergies


• China National Chemical Corporation


• Formosa Petrochemical


• Shell


• Aramco


• Hengli Petrochemical


• ExxonMobil

Pyrolysis Gasoline Market Industry Developments

The global pyrolysis gasoline market is poised to witness significant growth over the forecast period, owing to rising demand for petrochemicals and increasing adoption of pyrolysis technologies. The market is expected to reach a valuation of USD 84.1 billion by 2032, exhibiting a CAGR of 8.2% from 2024 to 2032.

Key factors driving the market include growing demand for lightweight and durable materials in the automotive and construction industries, coupled with increasing investments in research and development activities.

Moreover, favorable government regulations supporting the adoption of sustainable and environment-friendly technologies are anticipated to boost the market growth. Recent advancements in pyrolysis technologies have led to improved efficiency and reduced environmental impact, making pyrolysis gasoline a more attractive option for various industries.

Pyrolysis Gasoline Market Segmentation Insights

Pyrolysis Gasoline Market Feedstock Outlook

• Plastic Waste


• Tire Waste


• Biomass

Pyrolysis Gasoline Market Process Type Outlook

• Batch Pyrolysis


• Continuous Pyrolysis

Pyrolysis Gasoline Market Application Outlook

• Fuel Blending


• Chemicals Production


• Power Generation

Pyrolysis Gasoline Market Oil Yield Outlook

• 50%  


• 50-70%


• >= 70%

Pyrolysis Gasoline Market Plant Capacity Outlook

• 25,000 tons/year  


• 25,000-50,000 tons/year


• 50,000-100,000 tons/year


• > 100,000 tons/year

Pyrolysis Gasoline Market End-use Industry Outlook

• Automotive


• Petrochemicals


• Power Generation


• Industrial

Pyrolysis Gasoline Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa