Udeesha Tomar
AVP - Strategy and Solutions
Leading procurement research solutions across chemicals, materials, and food & beverages, with expertise in price forecasting and market analytics.
Pyrolysis Oil Price Trend Analysis 2026: Market Insights, Latest News, Price Drivers, Supply Demand Analysis & Historical Prices
Written ByUdeesha Tomar
Pyrolysis Oil Price Trend Q2 2026
- Pyrolysis oil markets showed mixed movement during Q2 2026, with weak circular-feedstock demand limiting gains despite elevated fossil-feedstock and logistics costs.
- Crude oil, naphtha, waste-plastic feedstock, energy and upgrading costs remained the main production drivers, while shipping disruptions improved recycled-feedstock competitiveness.
- Refining, petrochemicals and circular-polymer applications supported consumption, but weak buyer commitments and uncertain chemical-recycling economics kept procurement cautious.
Asia
Asian pyrolysis oil markets remained stable to firm during Q2'26 as disruptions to conventional petrochemical feedstocks improved the relative attractiveness of recycled hydrocarbon streams. Naphtha availability became particularly important because Asia remained heavily dependent on Middle Eastern cargoes, and disruptions around the Strait of Hormuz increased freight, insurance and replacement risks. This encouraged refiners and petrochemical companies to consider alternative circular feedstocks, including plastic-derived pyrolysis oil. However, demand did not accelerate enough to create a sharp rise because chemical-recycling capacity remained limited and buyers continued evaluating product quality, contaminants and upgrading requirements.
Europe
European pyrolysis oil conditions remained stable to slightly soft during Q2 as weak demand for circular feedstocks outweighed elevated energy and logistics costs. Refinery-grade material remained better supported than lighter fractions, while buyers resisted higher offers because downstream commitments for circular polymers remained limited. Chemical recyclers also faced pressure from weak offtake agreements and high operating expenses. Although this capacity was not available during Q2, expectations of additional supply reduced concerns about structural scarcity and restrained stronger producer leverage.
North America
North American pyrolysis oil markets remained cost-supported but commercially cautious during Q2. Higher crude values improved the relative economics of recycled hydrocarbon feedstocks, but high waste-plastic collection, upgrading and plant-operating costs continued to challenge project profitability. Refinery and petrochemical demand remained selective because quality consistency and upgrading requirements varied significantly between suppliers.
Analyst Insight
According to Procurement Resource, pyrolysis oil markets are expected to remain mixed, with fossil-feedstock volatility supporting recycled alternatives while weak offtake commitments and expanding future capacity limit stronger gains.
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- Pyrolysis oil prices moved firm in Q1 2026 as crude, naphtha, petrochemical feedstock, and freight risks increased after the Iran war disrupted Middle East-linked trade routes.
- Feedstock availability became more important as producers sought alternatives to virgin naphtha. Waste-plastic supply remained available, but cracker-ready pyrolysis oil required upgrading and strict quality control.
- Downstream demand improved from circular plastics, packaging, and petrochemical buyers, though procurement stayed selective as crackers in Asia reduced operating rates.
Asia
In Asia, pyrolysis oil prices showed firmer movement in Q1 2026 as naphtha disruption raised interest in alternative feedstocks. The region was highly exposed to Middle East supply routes, with crude and product flows through Hormuz falling from around 20 mb/d to very limited movement after the conflict. Asian steam crackers faced direct pressure, with a South Korean naphtha-fed cracker reducing operations by 20.0% to 63.0%-65.0% from 83.0%-85.0% in February. This supported pyrolysis oil demand as a circular feedstock, but reduced cracker operating rates also limited immediate spot offtake.
Europe
Europe recorded a firmer pyrolysis oil trend, supported by stronger demand for circular feedstocks and new advanced recycling capacity. A large liquefied waste plastic upgrading facility in Finland was commissioned with capacity of up to 150,000 tons/year, while a French advanced recycling plant started operations with 15,000 tons/year of processing capacity. These projects improved regional supply availability but also confirmed stronger downstream demand from packaging, food-contact plastics, and petrochemical applications. The market remained cost-sensitive because crude-linked feedstocks, freight, and energy markets were disrupted by the Middle East conflict.
North America
North America stayed more balanced than Asia and Europe because local petrochemical feedstock access and Gulf Coast logistics remained stronger. Chemical container exports from the US Gulf Coast rose 12.0% in March, and 20.0% surge capacity was available to manage supply-chain disruptions. This supported export opportunities as buyers sought alternatives to disrupted petrochemical flows. Demand from circular plastics and refinery-linked upgrading remained steady, but regulatory uncertainty kept procurement cautious.
About Pyrolysis Oil
Pyrolysis oil is obtained via heating of biomass or plastic waste material in the absence of oxygen. The process of thermochemical breakdown converts these materials into dark, viscous liquid which can be used in several industrial processes. This oil serves as a renewable source of energy and also as a chemical feedstock, soil conditioner.
Pyrolysis Oil Product Detail
HS Code
27101990
Industrial Uses
Heating and power generation, Transportation fuel, Chemical Feedstock, Asphalt Binder, Carbon Black Production
Supplier Database
Twence, Green Fuel Nordic Oy, Bioenergy AR Cote-Nord, New Hope Energy, Pyrocell
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Our Price Analysis Methodology
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