Industry Analysis of CO2-based Polymers in Europe

Study on CO2-based Polymers in Europe by Polycarbonates and Polyols for Poly(urethane) Foam for Packaging, Automotive Component Manufacturing, and Others from 2023 to 2033

Analysis of CO2-based Polymers Covering European Countries Including Germany, France, BENELUX, Italy, Spain, The United Kingdom, and Russia

CO2-based Polymer Sales Outlook for Europe (2023 to 2033)

Fact.MR, in its newly published research report, reveals that demand for CO2-based polymers in Europe stands at a value of US$ 458.4 million in 2023. Sales of carbon dioxide-based polymers in the region are projected to rise at a CAGR of 9.6% and reach US$ 1.15 billion by 2033-end.

CO2-based polymers are emerging in Europe as a promising sector in the broader field of green and sustainable materials. CO2-based polymers are also becoming popular as CO2-based plastics or carbon dioxide-based polymers. CO2-derived plastics are gaining attraction owing to their dependency on fossil fuels and potential to minimize the emissions of greenhouse gases.

Europe is at the forefront of sustainability while actively involved in the adoption as well as the development of CO2-based polymers. The EU (European Union) has set certain ambitious goals to reduce the emissions of greenhouse gases and to promote a circular economy. To attain this objective, emphasis on the use of sustainable materials, including CO2-based polymers is given.

Report Attributes Details
CO2-based Polymer Sales in Europe (2023) US$ 458.4 Million
Forecasted Sales Value (2033F) US$ 1.15 Billion
Demand Growth Rate (2023 to 2033) 9.6% CAGR
Sales Value in Germany (2033) US$ 283.7 Million
Sales Volume in United Kingdom (2033) 118 KT
Projected Sales Growth in France (2023 to 2033) 9.7% CAGR
Revenue Share of Polycarbonates (2033) 17%
Key Companies Profiled
  • Covestro
  • TotalEnergies Corbion
  • Avantium

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What’s Driving the Sales of CO2-based Polymers in the European Region?

“Implementation of Stringent Regulations to Reduce Carbon Emissions”

The European Union set certain ambitious targets to reduce carbon emissions with its dedication to combat climate change. Through these targets, the region is planning to be carbon-neutral by the end of 2050. Different industries are under pressure to look for innovative ways to reduce carbon footprints. Environmental regulations are opted as legal mechanisms to attain the goal of sustainability. The adoption of CO2-based polymers is one such initiative taken in Europe.

“Increasing Investments in Sustainable Materials and Green Technologies”

Funding and investment play a significant contribution in accelerating the commercialization and development of CO2-based polymers in the European region. Public as well as private investments with collaborative efforts are offering required financial resources and demonstrating a commitment to sustainability. This transition to adopt environmentally friendly materials in multiple industries is driving opportunities for CO2-based polymer suppliers.

Country-wise Insights

Among other regional countries, Germany is predicted to contribute about 25% share of the European region and reach a value of US$ 283.7 million by 2033, according to a research report published by Fact.MR, a market research and competitive intelligence provider. The growth in the country is attributed to the trend to adopt environmentally friendly and sustainable materials.

Why are Providers of CO2-based Polymers Eyeing Germany?

“Increased Investments in R&D Activities Related to CO2-based Polymers”

Sales of CO2-based polymers in Germany are projected to reach a volume of 159.1 KT by 2033. Germany has a strong tradition of investment and innovation in sustainable and green technologies. Public and corporate investment and government support are channeled into R&D projects that are associated with CO2-based polymers. This financial support is predicted to accelerate the commercialization and development of these materials.

Why are CO2-based Polymers Exhibiting Increased Demand in the United Kingdom?

“Traction for CO2-based Polymers Increasing With Potential in Different Industrial Applications”

Demand for green polymers in the United Kingdom stands at a value of US$ 80.7 million in 2023. Further, their sales are projected to accelerate at a CAGR of 10% and are estimated to reach a value of US$ 210.4 million by the end of 2033.

CO2-based polymers are available with the potential for multiple industrial applications, including textiles, automotive components, construction materials, and packaging. These industries from the United Kingdom are exploring applications of CO2-based polymers to minimize the environmental impacts of their operations and products.

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Category-wise Insights

Sales of polycarbonates in Europe are projected to hold about 17% share of the global revenue by 2033 owing to their versatility and eco-friendly features. Further, demand for CO2-based polymers for packaging applications is predicted to reach a volume of 259 KT by 2033 due to their feature to minimize the emission of greenhouse gases.

Why is Demand for Polycarbonates Increasing Significantly?

“Growing Emphasis on Sustainability in Various Industries Fueling Demand for Polycarbonates”

Demand for polycarbonates in Europe is projected to increase at a CAGR of 10.4% and reach a value of US$ 808.3 million by 2033-end.

Polycarbonates are eco-friendly, versatile, and strong polymers that are contributing to their increased sales. They provide an appealing combination of heat resistance, transparency, and durability while making them a suitable option for multiple applications, including construction, automotive, electronics, and packaging. Numerous industries are giving priority to sustainability, which is boosting the demand for CO2-based polymers, including polycarbonates.

Which Application of CO2-based Polymers is Comparatively More Rewarding?

“Functionality and Sustainability Benefits of CO2-based Polymers Fueling Their Use in Packaging”

Among other applications, traction for CO2-based polymers is increasing for packaging purposes. Sales of CO2-based polymers for packaging purposes reached US$ 177.4 million in 2023. Further, their demand is forecasted to advance at a CAGR of 10% and reach US$ 461.8 million by the end of 2033.

Increased application of these biodegradable polymers is owing to their functionality and sustainability benefits. These polymers use carbon dioxide during production to reduce dependency on conventional fossil fuels and minimize the emission of greenhouse gases. This feature is predicted to enhance the sustainability of polymers in packaging compared to traditional methods.

Versatility in design, barrier protection against oxygen and moisture, and durability are some other pivotal qualities of CO2-based polymers for packaging purposes. These parameters are forecasted to contribute to the prominence of CO2-based polymers in the application for packaging purposes to align with increasing requirements for environmentally responsible solutions.

Growth Strategies

New developments, ensuring quality control of products, management of supply chain systems, etc. are some key investment areas for suppliers of sustainable polymers.

Manufacturers are investing significantly in R&D activities to develop advanced and innovative polymer formulations. It enables them to remain competitive across regional countries.

For instance :

  • Avantium and SCGC, in June 2023, came together to come up with advanced CO2-based polymers for the pilot stage.

Prominent suppliers of CO2-based polymers in Europe are Covestro, TotalEnergies Corbion, and Avantium.

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Segmentation of CO2-based Polymer Study in Europe

  • By Type :

    • Polycarbonates
      • Ethylene Carbonate
      • Ethylene Carbonate
      • Cyclohexene Carbonate
    • Polyols for Poly(urethane) Foam
  • By Production Process :

    • Electrochemistry
    • Microbial Synthesis
    • Thermocatalysis
  • By Application :

    • Packaging
      • Films
      • Bottles
      • Containers
      • Trays
    • Automotive Component Manufacturing
      • Interior components
      • Structural Parts
    • Construction Material Production
      • Pipes
      • Panels
      • Insulation
    • Electronics Component Manufacturing
      • Casings
      • Connectors
      • Circuit Boards
    • Textile Processing
      • Fibers
      • Non-woven Fabrics
  • By Country :

    • Germany
    • France
    • BENELUX
    • Italy
    • Spain
    • The United Kingdom
    • Russia

- FAQs -

What are the estimated sales for CO2-based polymers in Europe?

Sales of CO2-based polymers in Europe are estimated at US$ 458.4 million in 2023.

What is the projected sales revenue for CO2-based polymers through 2033?

Demand for CO2-based polymers is projected to rise at a CAGR of 9.6% from 2023 to 2033.

What is the forecasted demand value for CO2-baed polymers by 2033?

Regional sales of CO2-based polymers are projected to reach US$ 1.15 billion by 2033.

What is the CAGR for CO2-based polymer sales in Germany?

Demand for CO2-based polymers in Germany is projected to expand at a CAGR of 9.4% through 2033.

Who are the prominent suppliers of CO2-based polymers in the European region?

Covestro, TotalEnergies Corbion, and Avantium are some of the prominent manufacturers of CO2-based polymers in Europe.

- Also of Interest -

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Industry Analysis of CO2-based Polymers in Europe

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