Biomass Electricity Global Market Report 2023 – By Feedstock (Solid Biomass, Biogas, Municipal Solid Waste, Liquid Biomass), By EndUser (Households, Industrial Sector, Government Sector, Others), By Technology (G Anaerobic Digestion, Combustion, CoFiring, Gasification, Landfill Gas) – Market Size, Trends, And Global Forecast 2023-2032

Power generation refers to electricity production using different types of technologies in order to supply power to the electrical grid for society's electrical needs. It includes electricity produced in electricity-only plants and in combined heat and power plants. The main types of power generation are hydroelectricity, fossil fuel electricity, nuclear electricity, solar electricity, wind electricity, geothermal electricity, biomass electricity, and other electricity. Hydroelectricity, also known as hydroelectric power or hydroelectric energy, is a type of energy that generates electricity by harnessing the power of moving water, such as water running over a waterfall. Energy for power generation is derived from both conventional (non-renewable) and renewable sources. The different types of grids include off-grid and on-grid, which are used by the residential, commercial, and industrial sectors. The global power generation market is segmented - 1) By Type: Hydro Electricity, Fossil Fuel Electricity, Nuclear Electricity, Solar Electricity, Wind Electricity, Geothermal Electricity, Biomass Electricity, Other Electricity 2) By End-User: Residential, Commercial, Industrial 3) By Sources Of Energy: Conventional/Non-Renewable Source, Renewable Source 4) By Type of Grid: Off Grid, On Grid The global power generation market size will grow from $1,776.61 billion in 2022 to $1,913.39 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The size of power generation market is expected to grow to $2,543.23 billion in 2027 at a compound annual growth rate (CAGR) of 7.4%. The increasing applications of electricity in the transportation industry are expected to increase the demand for electricity, driving the power generation market. The electrification of railways in underdeveloped and developing countries; the setting up of public transportation networks such as rapid metro transit systems; and the increasing use of electric vehicles in developed countries will create significant opportunities for power generation companies in the market. For instance, to attain net-zero carbon emissions, the Office of Rail and Road (ORR) estimates that 13,000 track kilometers – or about 450km per year – of the track will need to be electrified by 2050 in the UK, and 179 km kilometers were electrified between 2020 and 2021. According to the Edison Electric Institute (EEI), annual electric vehicle sales in the USA are expected to surpass 1.2 million by 2025. Electric vehicles are expected to account for 9% of the global electricity demand by 2050. Major companies in the power generation market include Enel SpA, Electricite De France SA, State Power Investment Corporation, E.ON SE, Engie, Huaneng Power International, Inc., Exelon Corp, Endesa SA, Datang International Power Generation Company Limited, and Inter RAO UES. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the power generation market in 2020 as demand for utility services from industrial and commercial establishments decreased due to trade restrictions and lockdowns imposed by governments globally. Many manufacturing facilities globally halted operations to contain the spread of viruses among their workforce, thereby limiting the need for utility services such as electricity and wastewater treatment. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of lock down. The outbreak has had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the power generation market will recover from the shock across the forecast period as it is a black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Electric power generation companies are using batteries to store solar energy during daylight hours. The energy storage sites consist of large lithium-ion batteries. Storage of energy in batteries is also getting more popular in other types of power generation. These batteries store enough energy to serve as a backup in case of a power shortage due to disruptions in fuel supply. They are designed to absorb solar power and feed it back to the grid. These systems minimize the need for capital-intensive power generation plants, enhance transmission and distribution efficiencies, and reduce operational costs. By 2025, the World Bank Group aims to fund 17.5-gigawatt hours (GWh) of battery storage, more than tripling the current 4-5 GWh installed across all developing nations. Asia-Pacific was the largest region in the power generation market in 2022. Western Europe was the second-largest region in the power generation market. The regions covered in the power generation report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the power generation market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The power generation market includes revenue earned by entities by thermal energy generated from fossil fuels, coal, petroleum, natural gas, solar thermal energy, chemical energy, and potential energy from falling water. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The power generation market research report is one of a series of new reports from The Business Research Company that provides power generation market statistics, including the power generation industry global market size, regional shares, competitors with a power generation market share, detailed power generation market segments, market trends and opportunities, and any further data you may need to thrive in the power generation industry. This power generation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Benzene petrochemical refers to an aromatic hydrocarbon produced from cracked gasoline. It is highly flammable and has a sweet odor. Benzene is manufactured naturally by volcanoes and forest fires. The main manufacturing processes of benzene include pyrolysis steam cracking of naphtha, catalytic reforming of naphtha, toluene hydrodealkylation, toluene disproportionation, and biomass. Toluene disproportionation is referred to as a trans-alkylation reaction that converts toluene into xylene and benzene. The reaction occurs in the presence of hydrogen, on a bed of nickel-mordenite catalyst. The major derivatives from which benzene is derived are ethylbenzene, cumene, alkylbenzene, aniline, chlorobenzene, cyclohexane, maleic anhydride, and other derivatives. The various applications of benzene include plastics, resins, synthetic fibers, and rubber lubricants. The global benzene-petrochemicals market is segmented - 1) By Manufacturing Process: Pyrolysis Steam Cracking of Naphtha, Catalytic Reforming of Naphtha, Toluene Hydrodealkylation, Toluene Disproportionation, From Biomass 2) By Derivative: Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, Other Derivatives 3) By Application: Plastics, Resins, Synthetic Fibers, Rubber Lubricants The global benzene-petrochemicals market size will grow from $72.41 billion in 2022 to $73.63 billion in 2023 at a compound annual growth rate (CAGR) of 1.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global benzene-petrochemicals is expected to grow from $79.56 billion in 2027 at a CAGR of 2.0%. The increased use of styrene to drive the benzene-petrochemicals market. The benzene derivative ethylbenzene is majorly used in the manufacturing of styrene. Styrene is used in the production of various products, such as styrene-acrylonitrile (SAN), acrylonitrile-butadiene-styrene (ABS), polystyrene, styrene-butadiene elastomers, latexes, unsaturated polyester resins, among others. There is an increased demand for styrene-based polymers and copolymers in the automotive industry due to their lightweight nature. For instance, according to the American Chemistry Council (ACC), the fuel economy of a vehicle can improve by 6–8% by reducing the weight of a vehicle by 10%. Usage of plastics like styrene can reduce the weight of vehicles, thereby improving fuel economy. The use of styrene has also benefited manufacturers by reducing vehicle assembly time and costs. These advantages of the usage of styrene-based polymers and copolymers, especially in the automotive industry, are expected to contribute to the growth of the benzene-petrochemicals market. Major players in the benzene-petrochemicals market report are Ameriya Oil Ref. Co., Angarsk Petrochemical, Alexandria National Refining, and Petrochemicals Company (ANRPC), Arsol Aromatics GmbH & Co. KG, Atyrau Oil & Gas, Azerkhimija, BASF SE, Borealis AG, Bp PLC., and Braskem. Stringent safety regulations associated with the manufacturing and transportation of benzene were a major constraint on the market. Benzene is highly inflammable, toxic, and hazardous when exposed to extreme temperatures and pressures. Companies in this market should invest in equipment, technologies, and processes to limit the toxic levels and chemical concentrations as they may harm the environment and population. Humans, when exposed to benzene in the air for a certain amount of time, lose their lives. In order to provide a safe environment, government agencies limit the amount of benzene that can be released into the environment. For instance, the EPA (Environmental Protection Agency) has set the maximum permissible level of benzene in drinking water at 5 ppb (per billion parts of air). These regulations have increased the operating costs of companies in this industry, thus restricting their growth. Many companies in the benzene market are focusing on research and developmental activities to discover new technologies and processes for the production of benzene. The technologies developed are expected to help curb environmental issues. For instance, in January 2021, Covestro, a German materials company received its first delivery of 2,000 metric tons of sustainable benzene from Total, a France-based petroleum company. The delivery enables Covestro to contribute to the circular economy. In addition, in May 2020, BioBTX, a Netherlands-based circular chemistry technology developer announced its plan to build the world’s first commercial production facility for sustainable aromatics such as benzene. The increase in such technological advances to reduce emissions will gain traction and contribute to the growth of the benzene-petrochemicals industry. In June 2020, Ineos, a UK-based chemicals company acquired chemical unit (aromatics and acetyls business) of BP plc for $5 billion along with its BP's Cooper River petrochemical plant in South Carolina among other facilities. This will enhance the production capacity of aromatics to cater to the market demand and enables operations synergies. BP plc is a UK-based oil and gas company. Asia-Pacific was the largest region in the benzene-petrochemicals market in 2022. Middle East was the second-largest region in the global benzene-petrochemicals market share. The regions covered in the benzene-petrochemicals market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the benzene-petrochemicals market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The benzene-petrochemicals market consists of the sales of benzene petrochemicals used as an intermediary chemical in the production of plastics, resins, dyes, detergents, drugs, pesticides, nylons, and synthetic fibers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The benzene-petrochemicals market research report is one of a series of new reports from The Business Research Company that provides benzene-petrochemicals market statistics, including benzene-petrochemicals industry global market size, regional shares, competitors with a benzene-petrochemicals market share, detailed benzene-petrochemicals market segments, market trends and opportunities, and any further data you may need to thrive in the benzene-petrochemicals industry. This benzene-petrochemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The biomass electric power generation market consists of sales of electricity generated using biomass and related services for household and commercial purposes. Biomass gasification refers to a process that involves the burning of biomass for the generation of producer gas or syngas for production of electricity. Producer gas is a combustible gas mixture of carbon monoxide, hydrogen, carbon dioxide, methane, and nitrogen. The gasification process uses heat, pressure and partial combustion which takes place when the air supply (o2) is inadequate for the combustion of biomass.

Biomass gasification refers to the proven technology pathway that converts biomass to hydrogen and other products without burning through a controlled process including heat, steam, and oxygen. It is a process that will turn carbonaceous materials derived from biomass or fossil fuels into gases, primarily nitrogen, carbon monoxide, hydrogen, and carbon dioxide. Biomass gasification is used to reduce pollution in the soil and water and is environmentally beneficial, and produces organic fertilizer. The main types of biomass gasification market are moving/fixed beds, fluidized beds, entrained, and other types (Plasma, FCC-Fluid Catalytics Cracking). A fluidized bed refers to a bed of small solid particles (as in a coal-burning furnace) suspended and kept in motion by an upward flow of a fluid (such as a gas). The sources used in biomass gasification include solid biomass, biogas, municipal waste, liquid biomass, and other sources. The various applications of biomass gasification include chemicals, liquid fuels, and power and gas fuels. The global biomass gasification market is segmented - 1) By Gasifier Type: Moving/Fixed Bed, Fluidized Bed, Entrained, Other Gasifier Types 2) By Source: Solid Biomass, Biogas, Municipal Waste, Liquid Biomass, Other Sources 3) By Application: Chemicals, Liquid Fuels, Power, Gas Fuels The global biomass gasification market size grew from $99.19 billion in 2022 to $108.81 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global biomass gasification is expected to grow to $154.59 billion in 2027 at a CAGR of 9.2%. Increasing adoption of environment-friendly energy sources is expected to propel the growth of the biomass gasification market going forward. Environmentally friendly energy sources refer to any energy type that is generated from natural resources, such as sunlight, wind, or water. Renewable energy from biomass using a gasification system is an environmentally friendly method and helps to reduce the dependence on fossil fuels. For instance, in April 2022, according to the Global Energy Review, a publication released by the International Energy Agency, the global percentage of renewable electricity generation climbed to 29% in 2020 from 27 % in 2019. Therefore, the increasing adoption of environmental-friendly energy sources is expected to boost demand for biomass gasification during the forecast period. Major players in the biomass gasification market are Corenso United, Outotec Oyj, ANDRITZ AG, Shangqiu Haiqi Machinery Equipment, Chanderpur Works, Valmet Corporation, CASE GROUP, Infinite Energy, Ankur Scientific Energy Technologies, Thyssenkrupp AG, Sedin Engineering Company Limited, Sodra Cell Varo Pulp Mill, CB&I, Mitsubishi Heavy Industries, and KBR. Strategic partnerships and collaborations are a key trend gaining popularity in the biomass gasification market. Gasification is a process that turns carbonaceous materials derived from biomass or fossil fuels into gases, with nitrogen, carbon monoxide, hydrogen, and carbon dioxide constituting the main fractions. Many companies operating in the biomass gasification market are undergoing partnerships to strengthen their position in the biomass gasification market. For instance, in January 2022, Lahti Energia Oy Finnish energy company which also operated in biomass gasification partnered with Nordic Ren-Gas Oy a Finland-based company that develops and delivers sustainable energy projects. This partnership aims to Cooperate on a Power-to-Gas (P2G) project worth EUR 250 million ($220 million) that will include the production of green hydrogen and renewable methane. Further, in November 2020, Indian Oil and the Indian Institute of Science in Bangalore (IISC) signed a memorandum of understanding. This partnership aims to develop and test hydrogen-generating technology based on biomass gasification. As part of Indian Oil's broader initiative to usher in the country's hydrogen economy, the procedure will aid in the production of bus fuel quality hydrogen. In October 2021, Heartland Water Technology, a US-based provider of proprietary wastewater treatment technology and services to oil and gas E&P operation, landfill leachate control, electric power generation, and other industries, acquired the gasification specialist Cogent Energy Systems for an undisclosed amount. With this acquisition, Heartland Water Technology wants to achieve other capabilities of processing a wide range of waste materials and delivering rich syngas by creating a division for gasification solutions. Cogent Energy Systems is a US-based company providing energy technology solutions Cogent Energy Systems has developed the HelioStorm ionic gasifier capable of processing solid, liquid, or gaseous feedstocks to produce hydrogen-rich syngas. Western Europe was the largest region in the biomass gasification market in 2022, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the biomass gasification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the biomass gasification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The biomass gasification market includes revenues earned by entities by providing services such as biomass-derived liquid reforming, natural gas reforming, thermochemical water splitting, photoelectrochemical water splitting services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The biomass gasification market research report is one of a series of new reports from The Business Research Company that provides biomass gasification market statistics, including biomass gasification industry global market size, regional shares, competitors with a biomass gasification market share, detailed biomass gasification market segments, market trends and opportunities, and any further data you may need to thrive in the biomass gasification industry. This biomass gasification market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Biofuel refers to a cleaner-burning alternative to petroleum-based diesel fuel made from renewable sources such as new and old vegetable oils and animal fats. It is a harmless and biodegradable substance created by mixing alcohol with vegetable oil, animal fat, or recycled cooking grease. The primary purpose of biofuels is to help reduce the carbon footprint of transportation and other industries. The main form of biofuels are solid biofuel, liquid biofuel, and gaseous biofuel. The solid biofuel of biofuel is a solid form of biofuel used as fuel for the generation of heat or electricity. The biofuel product is biodiesel, ethanol, biogas, and other products that are derived from feedstocks such as coarse grain, non-agri feedstock, biomass, vegetable oil, sugar crop, jatropha and other feedstocks. The global biofuels market is segmented – 1) By Form: Solid Biofuel, Liquid Biofuel, Gaseous Biofuel 2) By Product Type: Biodiesel, Ethanol, Biogas, Others Products 3) By Feedstock: Coarse Grain, Non-agri Feedstock, Biomass, Vegetable Oil, Sugar Crop, Jatropha, Other Feedstocks The global biofuels market size will grow from $151.44 billion in 2022 to $168.13 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of biofuels market is expected to grow to $220.87 billion in 2027 at a CAGR of 7.1%. Increased petroleum prices are expected to propel the growth of the biofuel market. Rising crude oil costs and increased taxation have consistently contributed to increased petrol and diesel prices across the world. Furthermore, the Russia-Ukraine war is one of the primary reasons for the rapid spike in global petroleum prices. Several other reasons have also led to rising crude oil prices, including market tightness and uncertainty about demand and supply, geopolitical developments, fears of future supply disruptions, and speculation that impacted the petroleum market. Due to such a rise in petroleum prices, there is a greater demand for biofuel as an alternative which is derived from renewable resources and are less combustible than fossil diesel. It helps to reduce the carbon footprint of transportation and other businesses. For Instance, according to a 2021 report published by Our world in data on crude oil prices, the global crude oil prices per barrel US dollars have increased from $41.84 in 2020 to $70.91 in 2021. Therefore, the increasing petroleum prices will drive the biofuel market. Major players in the biofuels market are Archer Daniels Midland Company, Abengoa S. A., Renewable Energy Corp, Wilmar International, Poet Llc, Bunge Limited, Valero Energy Corporation, Petrobras, Butamax Advanced Biofuels LLC, Algenol, Pacific Ethanol Inc., Cargill, DowDuPont Inc., Verbio AG, My Eco Energy, China Clean Energy Inc., BTG International Ltd., Flint Hills Resources and The Andersons Inc. Technological advancements are a key trend gaining popularity in the biofuel market. Advanced biofuels are gaining popularity due to their compatibility with existing fuel infrastructure and high energy densities. Advanced biofuel technologies are recognized as green energy sources. The effective utilization of these resources minimizes environmental consequences, produces minimal secondary waste, and is sustainable in light of present and projected economic and societal needs. Recently, the market has witnessed the use of advanced bio-hydrocarbons generated from lignocellulosic biomass such as trees, grasses, trash, and agricultural residues. Major companies operating in the biofuel market are focused on developing new technological solutions to strengthen their market position. For instance, In February, Clariant, a Europe-based chemical company, introduced a line of Vita surfactants and polyethylene glycols (PEGs) made entirely of bio-based, renewable carbon derived from plants. The new Vita products are designed for natural formulations with a high Renewable Carbon Index (RCI) and assist manufacturers in maximizing the use of bio-based carbon content in consumer products, that include detergents, hair and shower gel, paints, industrial lubricants, and crop treatments. In January 2022, ExxonMobil, a US-based natural gas company, acquired a 49.9% stake in Biojet AS. This acquisition allows ExxonMobil to purchase up to 3 million barrels of the products yearly, based on capacity. Furthermore, this collaboration with Biojet AS strengthens ExxonMobil's efforts to provide low-emissions transportation products. Biojet AS is a Norwegian-based biofuels company that intends to turn forestry and wood-based construction waste into low-emission biofuels. North America was the largest region in the biofuel market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biofuel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the biofuel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The biofuel market consists of sales of methanol, butanol and biogas. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The biofuels market research report is one of a series of new reports from The Business Research Company that provides biofuels market statistics, including biofuels industry global market size, regional shares, competitors with a biofuels market share, detailed biofuels market segments, market trends and opportunities, and any further data you may need to thrive in the biofuels industry. This biofuels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Waste recycling services refers to any recovery operation by which waste materials are reprocessed into products, materials or substances whether for the original or other purposes. Waste recycling involves the process of collecting and reprocessing waste materials through various technologies to clean and turn them into new reusable products. Recycling waste provides several advantages, including reducing waste transported to landfills and incinerators, preventing pollution, conserving natural resources, conserving energy, creating jobs, and generating economic benefits. The main types of waste in the waste recycling services market are compost and food waste, glass and fiberglass, metal scraps, waste paper, and others. Food and compost waste recycling generally involve reprocessing materials such as eggshells, banana skin, and more to make them reusable as a good quality soil improver or fertilizer and even generate electricity that will go back to the national grid. These have applications in various areas such as municipal, agricultural, construction, industrial, and other applications. The services provided are collection and disposable services. The global waste recycling services market is segmented - 1) By Waste Type: Compost and Food Waste, Glass and Fiberglass, Metal Scraps, Waste Paper, Other Types 2) By Application: Municipal, Agricultural, Construction, Industrial, Other Applications 3) By Service: Collection Service, Disposable Service The global waste recycling services market size will grow from $54.75 billion in 2022 to $57.69 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global waste recycling services is expected to grow to $71.39 billion in 2027 at a CAGR of 5.5%. The growing awareness about plastic pollution is driving the growth of the waste recycling services market. Plastic pollution is the buildup of synthetic plastic items in the environment to the point that they pose a threat to animals and their habitats, as well as human populations. This pollution causes the planet to degrade posing many problems such as global warming and other climatic changes. Governments of various countries are launching new schemes and policies to reduce the use of plastic and create awareness of plastic pollution. For instance, in March 2021, the Union environment ministry of India proposed to ban the manufacturing, use, sale, import, and handling of particular single-use plastic goods across the country from 2022. Such policies are creating awareness of pollution thereby driving the growth of the market. Major players in the waste recycling services market are ADS Waste Holdings, Casella Waste Systems, China Recycling Development, Clean Harbors, Covanta Holding, Eurokey Recycling Ltd., Interface Inc., Kayama, Northstar Recycling, Parc, Remondis, Republic Services, Rubicon Global, DOWA ECO-SYSTEM, Fetzer Vineyards, KUMASEI, and Tsuneishi Kamtecs. The technological developments in waste recycling is shaping the waste recycling services market. Recent technological advancements help turn waste into power, industries make use of their waste and with biogas convert it into usable energy. Plasma arc recycling helps recover a vast majority of the metal found in vehicles or other objects with the help of a super-hot plasma torch. For instance, in September 2021, Sensoneo, a Europe-based waste management services, and solution company launched a waste level smart sensor. Sensoneo Smart sensors use ultrasonic beams to assess fill levels in bins. These sensors can detect any form of garbage (mixed waste, paper, plastics, glass, textiles, bio-waste, liquids, electronics, and metal) in a variety of bins and containers. In October 2020, Recycle Track Systems, Inc., (RTS), a US-based waste management company announced the acquisition of Industrial Organic PBC for an undisclosed amount. This acquisition helps RTS further strengthens its focus on advancing sustainability initiatives in materials management. Industrial Organic PBC is a US-based recycling company that converts food scraps into a high-value resource. North America was the largest region in the waste recycling services market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waste recycling services market analysis rqeport are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the waste recycling services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The waste recycling services market includes revenues earned by entities by providing services such as plastic recycling, metal recycling, wood recycling, glass recycling, and WEEE recycling. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The waste recycling services market research report is one of a series of new reports from The Business Research Company that provides waste recycling services market statistics, including waste recycling services industry global market size, regional shares, competitors with a waste recycling services market share, detailed waste recycling services market segments, market trends and opportunities, and any further data you may need to thrive in the waste recycling services industry. This waste recycling services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Site remediation consulting services refers to the systematic steps of detecting, investigating, and assessing the hazards of suspected contaminated sites, reversing harmful changes in the soil, eliminating site pollution, and implementing follow-up measures. The main types of site remediation consulting services are bioremediation, pump & treat, in situ vitrification, thermal treatment, chemical treatment, excavation, soil washing, and others. Bioremediation is a field of biotechnology that uses living organisms such as microorganisms and bacteria to remove contaminants, pollutants, and poisons from soil, water, and other environments. The various forms of services include remediation services, soil remediation services, and water remediation services and are used by waste disposal sites, oil & gas, mining, chemicals & petrochemicals, manufacturing, agriculture, construction, and others. The global site remediation consulting services market is segmented - 1) By Type: Bioremediation, Pump & treat, In situ vitrification, Thermal treatment, Chemical treatment, Excavation, Soil washing, Other Types 2) By Application: Waste disposal sites, Oil & gas, Mining, Chemical & Petrochemical, Manufacturing, Agriculture, Construction, Other Applications 3) By Service: Remediation Services, Soil Remediation Services, Water Remediation Services The global site remediation consulting services market size will grow from $15.45 billion in 2022 to $16.48 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global site remediation consulting services market size is expected to grow to $20.49 billion in 2027 at a CAGR of 5.6%. The rapid rise in air and water pollution levels over the last decade and the increase in natural calamities such as floods, earthquakes, and landslides globally are driving the demand for site remediation consulting services. There has been an increase in the scope for ecological restoration and site remediation consulting services due to the rise in natural calamities such as tsunamis, hurricanes, and earthquakes. For instance, in 2021, according to the National Oceanic and Atmospheric Administration, United States suffered $145 billion in damages due to weather disasters. Floods on the Mississippi, Missouri, and Arkansas rivers were three of them. Flooding affected over 14 million people this year, with an additional 200 million at risk. Major players in the site remediation consulting services market are Tetra Tech Inc., Environmental Resources Management, AECOM, CH2M Hill, Arcadis, Clean Harbors and Veolia Environmental Services. The transformation from traditional consulting to cloud-based consulting is one of the key trends shaping the market growth of the site remediation consulting services market during the forecast period. Most of the remediation services companies will use mobile devices to handle work orders and are expected to transform from traditional consulting to software-as-a-service based consulting. The software-as-a-service platforms are delivered in the form of EHS compliance, industrial environmental compliance management, carbon reporting, water quality management, and QHSE (quality, environmental, health, and safety) management. Cloud-based consulting provides an easy approach for consulting services and needs renewal after a certain period of time. In May 2022, Partner Engineering and Science Inc. a US-based engineering, environmental, and energy consulting company, acquired EndPoint LLC for an undisclosed amount. The acquisition of EndPoint LLC would round out all abilities of Partner Engineering and Science Inc. to provide various services nationally and offer local expertise to their clients, many of which maintain assets in multiple markets. EndPoint LLC is a US-based environmental services, industrial hygiene, and site remediation company. With an emphasis on regulatory compliance, the company is expert in environmental and building media characterization and remediation. North America was the largest region in the site remediation consulting services market in 2022. Western Europe was the second largest region in the global site remediation consulting services market share. The regions covered in the global site remediation consulting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the site remediation consulting services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The site remediation consulting services market consists of revenue earned by entities that advise businesses and other organizations on activities such as controlling environmental contamination from pollutants, toxic substances, and hazardous materials. These companies provide solutions for assessment, management, and remediation to prevent and correct land contamination. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The site remediation consulting services market research report is one of a series of new reports from The Business Research Company that provides site remediation consulting services market statistics, including site remediation consulting services industry global market size, regional shares, competitors with a site remediation consulting services market share, detailed site remediation consulting services market segments, market trends and opportunities, and any further data you may need to thrive in the site remediation consulting services industry. This site remediation consulting services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Benzene refers to an aromatic hydrocarbon produced from cracked gasoline. It is highly flammable and has a sweet odor. Benzene is manufactured naturally by volcanoes and forest fires. The main manufacturing processes of benzene are pyrolysis steam cracking of naphtha, catalytic reforming of naphtha, toluene hydrodealkylation, toluene disproportionation, and biomass. toluene disproportionation to benzene from less valuable toluene. These are derived from ethylbenzene, cumene, alkylbenzene, aniline, chlorobenzene, cyclohexane, maleic anhydride, and other derivatives. Benzene is applied in plastics, resins, synthetic fibers, and rubber lubricants. The global benzene market is segmented - 1) By Manufacturing Process: Pyrolysis Steam Cracking of Naphtha, Catalytic Reforming of Naphtha, Toluene Hydrodealkylation, Toluene Disproportionation, From Biomass 2) By Derivative: Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, Other Derivatives 3) By Application: Plastics, Resins, Synthetic Fibers, Rubber Lubricants The global benzene market size will grow from $65.57 billion in 2021 to $71.79 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global benzene is expected to grow to $73.03 billion in 2026 at a CAGR of 0.4%. The increased use of styrene to drive the benzene market The benzene derivative ethylbenzene is majorly used in the manufacturing of styrene. Styrene is used in the production of various products, such as styrene-acrylonitrile (SAN), acrylonitrile-butadiene-styrene (ABS), polystyrene, styrene-butadiene elastomers, latexes, unsaturated polyester resins, among others. There is an increased demand for styrene-based polymers and copolymers in the automotive industry due to their lightweight nature. For instance, according to the American Chemistry Council (ACC), the fuel economy of a vehicle can improve by 6–8% by reducing the weight of a vehicle by 10%. Usage of plastics like styrene can reduce the weight of vehicles, thereby improving fuel economy. The use of styrene has also benefited manufacturers by reducing vehicle assembly time and costs. These advantages of the usage of styrene-based polymers and copolymers, especially in the automotive industry, are expected to contribute to the benzene market growth. Major players in the benzene market are Ameriya Oil Ref. Co., Angarsk Petrochemical, Alexandria National Refining, and Petrochemicals Company (ANRPC), Arsol Aromatics GmbH & Co. KG, Atyrau Oil & Gas, Azerkhimija, BASF SE, Borealis AG, Bp PLC., and Braskem. Stringent safety regulations associated with the manufacture and transportation of benzene were a significant market restraint. Benzene is highly inflammable, toxic, and hazardous when exposed to extreme temperatures and pressures. Companies in this market should invest in equipment, technologies, and processes to limit the toxic levels and chemical concentrations as they may harm the environment and population. Humans, when exposed to benzene in the air for a certain amount of time, lose their lives. In order to provide a safe environment, government agencies limit the amount of benzene that can be released into the environment. For instance, the EPA (Environmental Protection Agency) has set the maximum permissible level of benzene in drinking water at 5 ppb (per billion parts of air). These regulations have increased the operating costs of companies in this industry, thus restricting their growth. Many companies in the benzene market are focusing on research and developmental activities to discover new technologies and processes for the production of benzene. The technologies developed are expected to help curb environmental issues. For instance, Reliance Industries Limited entered into a joint venture with the Indian Institute of Petroleum (IIP), Dehradun, to develop a technology that restricts benzene content in the gasoline pool to address health and environmental concerns. The increase in such technological advances to reduce emissions will gain traction and contribute to the growth of the market. In June 2020, Ineos, a UK-based chemicals company acquired the chemical unit (aromatics and acetyls business) of BP plc for $5 billion along with BP's Cooper River petrochemical plant in South Carolina among other facilities. This will enhance the production capacity of aromatics to cater to the market demand and enables operations synergies. BP plc is a UK-based oil and gas company. Asia-Pacific was the largest region in the benzene market in 2022. North America was the second-largest region in the benzene market report. The regions covered in the benzene market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the benzene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The benzene market consists of the sales of benzene used as an intermediary chemical in the production of plastics, resins, dyes, detergents, drugs, pesticides, nylons, and synthetic fibers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The benzene market research report is one of a series of new reports from The Business Research Company that provides benzene market statistics, including benzene industry global market size, regional shares, competitors with a benzene market share, detailed benzene market segments, market trends and opportunities, and any further data you may need to thrive in the benzene industry. This benzene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.