Market Size & Forecast
The Europe plasma gasification market has demonstrated consistent growth and is projected to expand at a CAGR of approximately 10.7% through 2031. On a global scale, the market was valued at around USD 1.2 billion in 2023 and is expected to exceed USD 3.9 billion by 2032, signaling an expanding opportunity for clean waste-to-energy technologies.
Introduction & Definition
Plasma gasification is an advanced thermal process that uses plasma arcs at extremely high temperatures to convert carbon-based waste into synthesis gas (syngas), a mixture of hydrogen and carbon monoxide. Unlike traditional incineration, plasma gasification produces fewer pollutants and yields valuable by-products, such as vitrified slag, that can be reused in construction. This makes it a key technology in the transition to a circular economy.
