Pyrolysis oil is an end product of tyre pyrolysis and waste plastic. Pyrolysis oil, also called as bio-oil-or bio-crude. Pyrolysis oil is synthetic fuel that is manufactured as alternative for petroleum. This oil contains different levels of oxygen which can be considered as a hydrocarbon. Pyrolysis oil is non-volatile, non-corrosive, and provides thermal instability. Pyrolysis oil is used as a alternative for fossil fuels whereas pyrolysis when co-fired in power plants can also replace coal, heavy oil, and natural gas.

Rise in demand for pyrolysis oil in petroleum industry is expected to boost the pyrolysis oil market growth. Furthermore, increase in government initiatives is expected to propel the growth of global pyrolysis oil market. Moreover, increase in partnership activities is expected to fuel the pyrolysis oil market. For instance, in September 2019, Setra partnered with Preem. Under this partnership these companies are focusing on production of pyrolysis oil from sawdust. In other hand, BTG- BTL had teamed up with TechnipFMC for the production of bio-oil. However, availability of qualified personnel is the major restraining factor for market which expected to hamper the growth of global pyrolysis oil market.

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Global Pyrolysis Oil Market is segmented into pyrolysis process such as Fast, Flash, and Others, by source such as Plastic (LDPE, HDPE, Polystyrene, and Others), Rubber, and Biomass. Further global pyrolysis oil market is segmented into end users such as Heat & Power (Boilers, Gas Turbines, and Diesel Engines), Automotive Fuel, Bio Refineries, and Food Flavoring.
Also, Global Pyrolysis Oil Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.

Global Pyrolysis Oil Market Key Competitors
Various key competitors are mentioned in this report such as BTG Biomass Technology Group, BlueBear, Chevron Phillips Chemical Company, Biogreen, Divya International, Setra, Preem, TechnipFMC, Enekem, and Ensyn Corporation.

Global Pyrolysis Oil Market Taxonomy
By Pyrolysis Process
• Fast
• Flash
• Others
By Source
• Plastic
1. LDPE
2. HDPE
3. Polystyrene
4. Others
• Rubber
• Biomass
By End Users
• Heat & Power
1. Boilers
2. Gas Turbines
3. Diesel Engines
• Automotive Fuel
• Bio Refineries
• Food Flavoring
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

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Key Questions Addressed by the Report
• What are the Key Opportunities in Pyrolysis Oil Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?

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