How Big is the Pyrolysis Oil Market | Industry Analysis, Trends & Forecast 2031

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Code: MTA9144

Publication Date: Sep 2025

What is the size of the Pyrolysis Oil Market?

According to 6Wresearch internal database and industry insights, the Global Pyrolysis Oil Market was valued at USD 4.9 Billion in 2024 and is expected to reach USD 7.6 Billion by 2031, growing at a compound annual growth rate of 6.85% during the forecast period (2025-2031).

There are numbers of factors which are contributing in the expansion of the market include increasing need for alternative energy sources, and the rise in waste-to-energy technologies, and growing demand for renewable and eco-friendly fuel options.

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Key Growth Drivers of the Pyrolysis Oil Market

Increased interest in using renewable energy sources
Growing use of technologies for waste-to-energy
Rising focus on lowering environmental impact and carbon emissions
Growing industries that use pyrolysis oil as a feedstock for a range of uses
Policies and incentives from the government to support clean energy
Demand for sustainable energy sources and biofuels is rising.

Pyrolysis Oil Market Trends

The Pyrolysis Oil Market is set to grow with significant trends such as the increasing use of pyrolysis oil as an alternative fuel in industrial applications. Additionally, pyrolysis oil is being used more frequently to produce valuable chemicals that are used extensively in the chemical industry, like phenols and aromatics. The use of pyrolysis oil as a cleaner energy source in the transportation and power generation industries is also gaining traction. Pyrolysis technologies are increasingly being used to turn waste plastic into oil. Furthermore, the quality of pyrolysis oil is being enhanced by developments in catalytic cracking and other refining technologies.

Emerging Developments in the Pyrolysis Oil Market

Emerging developments in the Pyrolysis Oil Market include the advancement of more efficient pyrolysis reactors and technologies that enhance the yield and quality of oil. Spending on research and development is increasing in an attempt to produce high-quality pyrolysis oil that can be used as an alternative to conventional engine fuel. These integrated systems, which combine pyrolysis with other waste management methods, are growing in popularity. Additionally, pyrolysis oil possible use in bio-based chemicals is driving up demand for it in the industrial sector. The market is expanding due in part to the increased emphasis on renewable energy and sustainable waste management.