Summary

Introduction to Asia-Pacific CO2-Based Plastics Market

The Asia-Pacific CO2-based plastics market is projected to reach $4,308.9 million by 2034 from $74.9 million in 2024, growing at a CAGR of 49.97% during the forecast period 2024-2034. The increasing emphasis on reducing carbon emissions and securing sustainable materials is drastically changing market dynamics in the Asia-Pacific (APAC) region. Specifically, changing environmental rules and the quick development of carbon capture and utilisation (CCU) technology are transforming the plastics business. APAC governments are enforcing stricter environmental regulations and pressuring businesses to switch to more efficient and clean production techniques. Cross-sector partnerships that promote innovation and tackle urgent environmental issues also help these initiatives.

CO₂-based plastics are becoming more popular as a competitive substitute as APAC businesses react to mounting regulatory pressure and consumer demand for greener products. Low-carbon production is becoming more practical thanks to technological advancements, which also help businesses increase operational effectiveness and lessen their environmental impact. This change is especially noticeable in markets like China, Japan, and South Korea, where national sustainability agendas and public-private partnerships are giving green innovation top priority.

The APAC market is positioned as a rapidly developing leader in sustainable production thanks to the combination of industry collaboration, technical innovation, and legislative backing. In line with worldwide trends towards a circular economy and a low-carbon future, this trend reaffirms the region's dedication to striking a balance between economic expansion and environmental responsibility.

Market Introduction

The market for CO₂-based plastics in Asia-Pacific (APAC) is expanding as the area moves towards more ecologically friendly and sustainable production methods. As worries about plastic pollution, carbon emissions, and climate change increase, industries around Asia-Pacific are looking at creative substitutes for conventional plastics made from petroleum. A promising alternative is provided by CO₂-based polymers, which employ collected carbon dioxide as a feedstock to lower greenhouse gas emissions and promote the objectives of the circular economy.

Governments in important nations including China, Japan, South Korea, and India are enforcing more stringent environmental laws and providing incentives for the creation and uptake of low-carbon technologies. The development of CO₂-based polymers is being aided by these regulatory initiatives as well as rising investments in carbon capture and utilisation (CCU) technologies. Additionally, growing demand from industries including consumer products, automotive, and packaging is increasing market potential.

Public-private partnerships, research projects, and industry collaborations are boosting innovation and assisting in the expansion of production throughout the region. Significant growth is anticipated because to continued innovations and supporting legislative frameworks, even though obstacles like high manufacturing costs and inadequate infrastructure still persist. CO₂-based plastics are positioned to be a key component of the region's sustainable material transition as APAC continues to industrialise while striving to meet climate commitments.

Market Segmentation:

Segmentation 1: by Application
• Packaging
o Films
o Bottles
o Containers
o Trays
• Automotive Components
o Interior Components
o Structural Parts
• Construction Materials
o Pipes
o Panels
o Insulation
• Electronics Components
o Casings
o Connectors
o Circuit Boards
• Textile Processing
o Fibers
o Non-Woven Fabrics
• Others

Segmentation 2: by Type
• Polycarbonates
• Polyurethanes
• Polypropylene Carbonate (PPC)
• Polyethylene Carbonate (PEC)
• Polyethylene Terephthalate (PET)
• Others

Segmentation 3: by Production Process
• Electrochemistry
• Microbial Synthesis
• Thermocatalysis

Segmentation 4: by Region
• Asia-Pacific: China, Japan, India, South Korea, and Rest-of-Asia-Pacific

Market trends, drivers and challenges of APAC CO2-Based Plastics Market

Increased demand for sustainable materials, industrial decarbonisation initiatives, and growing environmental concerns are driving the growth of the Asia-Pacific (APAC) CO₂-based plastics market. Industries are looking at alternatives to conventional plastics derived from fossil fuels as a result of governments around the region, especially in China, Japan, South Korea, and India, enforcing stricter emission laws and promoting clean technology programs. Technological developments in carbon capture and utilisation (CCU) are making it possible to transform CO₂ into beneficial polymers, which is in line with APAC's objectives for sustainability and the circular economy. In order to satisfy consumer-driven sustainability goals and regulatory requirements, industries like packaging, consumer goods, and automotive are starting to include CO₂-based plastics.

However, the market confronts significant obstacles. Wider use is restricted by high manufacturing costs brought on by the infancy of CCU infrastructure and the requirement for specialised processing equipment. Production capacity is limited by the poor logistics and availability of captured CO₂ in many APAC nations. Further obstacles include competition from inexpensive conventional plastics and a lack of knowledge about CO₂-based substitutes. However, the APAC market is anticipated to develop gradually and play a significant role in the worldwide transition to low-carbon, climate-resilient materials as a result of rising investments in green technology, expanding research activities, and developing public-private partnerships.

How This Report Can Add Value to End Users

Product/Innovation Strategy: This segment explores the diverse applications of CO2-based plastics across industries, including automotive, packaging, construction, and consumer goods. It highlights advancements in production techniques such as thermocatalysis, photocatalysis, and electrochemical conversion, as well as carbon capture and polymer synthesis innovations. The report also examines key materials such as polyurethanes, polycarbonates, and other CO2-derived polymers alongside essential technologies such as advanced catalysts and automation tools. Industry compliance with standards from organizations such as ISO and ASTM are discussed to provide a comprehensive understanding of operational and regulatory frameworks. The APAC CO2-based plastics market is set for rapid growth, driven by increasing investments in sustainable materials, the push for carbon neutrality, and technological innovations that enhance scalability and efficiency. Consequently, this market represents a high-potential business model emphasizing sustainability and profitability.

Growth/Marketing Strategy: The APAC CO2-based plastics market offers substantial opportunities for established players and new entrants. Key growth strategies include mergers and acquisitions, strategic collaborations, new product launches, and geographic expansion. Companies have been prioritizing the development of sustainable materials and innovative production technologies to gain a competitive advantage. The focus on reducing carbon footprints and aligning with global decarbonization goals has been further accelerating market expansion.

Competitive Strategy: The report profiles major players in the APAC CO2-based plastics market, including polymer manufacturers, technology providers, and integrators. A detailed competitive landscape analysis covering strategic partnerships, agreements, and technological collaborations is provided to help stakeholders identify untapped revenue opportunities. This analysis supports market participants in enhancing their position through innovation, strategic alliances, and a focus on sustainability.

Key Market Players and Competition Synopsis

The companies that are profiled in the Asia-Pacific CO2-based plastics market have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

Some of the prominent names in the CO2-based plastics market are:

• Asahi Kasei Corporation
• ChangHua Chemical Technology Co., Ltd.
• Cardia Bioplastics

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Table of Contents

Executive Summary
Scope and Definition
1 Markets
1.1 Trends: Current and Future Impact Assessment
1.1.1 Increasing Focus toward Carbon Capture and Utilization (CCU)
1.1.2 Growing Consumer Demand for Eco-Friendly Products
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Pricing Forecast
1.3 Stakeholder Analysis
1.3.1 Use Case
1.3.2 End User and Buying Criteria
1.4 Market Dynamics: Overview
1.4.1 Market Drivers
1.4.1.1 Advancements in Bio-Based Polymers
1.4.1.2 Accelerating the Shift toward Renewable Carbon Sources
1.4.2 Market Restraints
1.4.2.1 Competition and Synergies with Bioplastics
1.4.2.2 Fossil-Fuel Plastic Price Fluctuations
1.4.3 Market Opportunities
1.4.3.1 Customizable Properties for Niche Applications
1.4.3.2 Biodegradable Applications of CO₂-Based Plastics in Medical Devices and Packaging
2 Regions
2.1 Regional Summary
2.2 Asia-Pacific
2.2.1 Regional Overview
2.2.2 Driving Factors for Market Growth
2.2.3 Factors Challenging the Market
2.2.4 Application
2.2.5 Product
2.2.6 Asia-Pacific (by Country)
2.2.6.1 China
2.2.6.2 Japan
2.2.6.3 India
2.2.6.4 South Korea
2.2.6.5 Rest-of-Asia-Pacific
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Next Frontiers
3.2 Geographic Assessment
3.2.1 Asahi Kasei Corporation
3.2.1.1 Overview
3.2.1.2 Top Products/Product Portfolio
3.2.1.3 Top Competitors
3.2.1.4 Target Customers/End Users
3.2.1.5 Key Personnel
3.2.1.6 Analyst View
3.2.1.7 Market Share, 2023
3.2.2 ChangHua Chemical Technology Co.,Ltd.
3.2.2.1 Overview
3.2.2.2 Top Products/Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers/End Users
3.2.2.5 Key Personnel
3.2.2.6 Analyst View
3.2.2.7 Market Share, 2023
3.2.3 Cardia Bioplastics
3.2.3.1 Overview
3.2.3.2 Top Products/Product Portfolio
3.2.3.3 Top Competitors
3.2.3.4 Target Customers/End Users
3.2.3.5 Key Personnel
3.2.3.6 Analyst View
3.2.3.7 Market Share, 2023
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast
List of Figures
Figure 1: Asia-Pacific CO2-Based Plastics Market (by Scenario), $Billion, 2024, 2028, and 2034
Figure 2: Asia-Pacific CO2-Based Plastics Market (by Application), $Million, 2023, 2027, and 2034
Figure 3: Asia-Pacific CO2-Based Plastics Market (by Type), $Million, 2023, 2027, and 2034
Figure 4: Asia-Pacific CO2-Based Plastics Market (by Production Process), $Million, 2023, 2027, and 2034
Figure 5: Competitive Landscape Snapshot
Figure 6: Key Events
Figure 7: Annual CO2 Emissions, Billion Tons, 2020-2023
Figure 8: Percentage of Consumer Behavior toward Sustainability, 2022
Figure 9: Supply Chain and Risks within the Supply Chain
Figure 10: Value Chain Analysis
Figure 11: Impact Analysis of Market Navigating Factors, 2023-2034
Figure 12: Production Capacities of Bio-Based Polymers per Region, 2023
Figure 13: Share of Produced Biopolymers in Different Market Segments, 2023
Figure 14: China CO2-Based Plastics Market, $Million, 2023-2034
Figure 15: Japan CO2-Based Plastics Market, $Million, 2023-2034
Figure 16: India CO2-Based Plastics Market, $Million, 2023-2034
Figure 17: South Korea CO2-Based Plastics Market, $Million, 2023-2034
Figure 18: Rest-of-Asia-Pacific CO2-Based Plastics Market, $Million, 2023-2034
Figure 19: Strategic Initiatives (by Company), 2020-2024
Figure 20: Share of Strategic Initiatives, January 2021-November 2024
Figure 21: Data Triangulation
Figure 22: Top-Down and Bottom-Up Approach
Figure 23: Assumptions and Limitations
List of Tables
Table 1: Market Snapshot
Table 2: Opportunities across Region
Table 3: Trends Overview
Table 4: CO2-Based Plastics Market Pricing Forecast (by Region), $/kg, 2023-2034
Table 5: CO2-Based Plastics Market (by Region), $Million, 2023-2034
Table 6: Asia-Pacific CO2-Based Plastics Market (by Application), $Million, 2023-2034
Table 7: Asia-Pacific CO2-Based Plastics Market (by Type), $Million, 2023-2034
Table 8: Asia-Pacific CO2-Based Plastics Market (by Production Process), $Million, 2023-2034
Table 9: China CO2-Based Plastics Market (by Application), $Million, 2023-2034
Table 10: China CO2-Based Plastics Market (by Type), $Million, 2023-2034
Table 11: China CO2-Based Plastics Market (by Production Process), $Million, 2023-2034
Table 12: Japan CO2-Based Plastics Market (by Application), $Million, 2023-2034
Table 13: Japan CO2-Based Plastics Market (by Type), $Million, 2023-2034
Table 14: Japan CO2-Based Plastics Market (by Production Process), $Million, 2023-2034
Table 15: India CO2-Based Plastics Market (by Application), $Million, 2023-2034
Table 16: India CO2-Based Plastics Market (by Type), $Million, 2023-2034
Table 17: India CO2-Based Plastics Market (by Production Process), $Million, 2023-2034
Table 18: South Korea CO2-Based Plastics Market (by Application), $Million, 2023-2034
Table 19: South Korea CO2-Based Plastics Market (by Type), $Million, 2023-2034
Table 20: South Korea CO2-Based Plastics Market (by Production Process), $Million, 2023-2034
Table 21: Rest-of-Asia-Pacific CO2-Based Plastics Market (by Application), $Million, 2023-2034
Table 22: Rest-of-Asia-Pacific CO2-Based Plastics Market (by Type), $Million, 2023-2034
Table 23: Rest-of-Asia-Pacific CO2-Based Plastics Market (by Production Process), $Million, 2023-2034
Table 24: Market Share

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