Pyrolysis Oil Price Trend Analysis 2026: Market Insights, Latest News, Price Drivers, Supply Demand Analysis & Historical Prices

Stay updated with the latest Pyrolysis Oil prices, historical data, and tailored regional analysis

Asia

In the Asian market, pyrolysis oil prices exhibited significant fluctuations throughout the first half of 2024. Pyrolysis oil, derived from the thermal decomposition of organic materials such as plastic waste and biomass, is heavily influenced by the prices of crude oil, as it serves as a key alternative in the petrochemical and energy sectors. In the first quarter, prices showed a steady rise, particularly in major markets like India and China, driven by increasing crude oil prices. However, as the petrochemical sector faced a downturn in early Q2, pyrolysis oil prices followed suit, experiencing a decline.

By mid-Q2, the market began to stabilize as crude oil prices normalized, leading to a recovery in the pyrolysis oil market. The second quarter ended on a more positive note, with market conditions stabilizing and demand recovering in both upstream and downstream sectors. Overall, the first half of 2024 saw price fluctuations for pyrolysis oil in Asia, reflecting the broader volatility in the crude oil and petrochemical markets.

Europe

In the European market, pyrolysis oil prices experienced notable oscillations throughout the first half of 2024. In the first quarter, the market saw moderate growth driven by rising crude oil prices. However, as crude oil markets stabilized in the second quarter, the demand outlook became the key factor influencing pyrolysis oil prices. Despite supportive inventories, demand remained steady but unimpressive, leading to a generally subdued market performance.

Throughout H1’24, price drivers for pyrolysis oil pushed in both directions, resulting in a largely balanced but restrained market. The European pyrolysis oil market reflected this cautious sentiment, lacking any major momentum or enthusiasm as it navigated the broader energy dynamics. The monthly average prices in the Netherlands stood at about 787 USD/MT in January’24 and dropped to around 730 USD/MT by May’24. Overall, mixed market sentiments were observed.

North America

In the American market, pyrolysis oil prices followed a similar pattern to those seen in Asia and Europe throughout the first half of 2024. In the first quarter, there was a slight upward trend, largely driven by stable demand from the chemical and energy sectors, which utilize pyrolysis oil as a sustainable alternative to traditional fossil fuels. However, the second quarter saw a dip in momentum, with market sentiment remaining generally subdued. Despite consistent operations in key industries and a steady balance between supply and demand, there was little movement in prices, keeping the market relatively flat.