Industry Analysis of CO2-based Polymers in South Asia & Oceania

CO2-based Polymer Demand Analysis in South Asia & Oceania by Polycarbonates and Polyols for Poly(urethane) Foam for Packaging, Automotive Component Manufacturing, and Others from 2023 to 2033

Analysis of CO2-based Polymers Industry in South Asia & Oceania Covering India, Thailand, Malaysia, Indonesia, Australia, New Zealand, and Rest of South Asia & Oceania

CO2-based Polymer Sales Outlook for South Asia & Oceania (2023 to 2033)

Demand for CO2-based polymers in South Asia & Oceania is estimated at a value of US$ 501 million in 2023 and is forecasted to reach US$ 1.46 billion by the end of 2033. Over the next ten years, CO2-based polymer sales in South Asia & Oceania are projected to rise at an impressive 11.3% CAGR.

As climate change becomes an imminent threat to the world, countries from the South Asia & Oceania region are following the global trend of improving their sustainability quotient. The hunt for plastic alternatives has led the world to CO2-based polymers and they are gaining massive popularity in the South Asia & Oceania region as people become more eco-conscious.

  • Countries in South Asia & Oceania are projected to be responsible for the production of around 831.7 KT of CO2-based polymers by 2033-end, which amounts to 21.1% of global CO2-based polymer demand.
Report Attributes Details
CO2-based Polymer Sales in South Asia & Oceania (2023) US$ 501 Million
Projected Sales Value (2033F) US$ 1.46 Billion
CO2-based Polymer Demand Growth (2023 to 2033) 11.3% CAGR
Sales Value in Australia & New Zealand (2033F) US$ 125.7 Million
Sales Growth in Thailand (2023 to 2033) 10.7% CAGR
Volume Sales of Polycarbonates (2023) 321.7 KT
Key Companies Profiled
  • Carbon Revolution
  • Global CO2 Group
  • QUTech
  • Carbon Craft
  • Covestro
  • LanzaTech

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Why are CO2-based Polymer Companies Attracted to South Asia & Oceania?

“Rapidly Increasing Awareness Regarding Sustainability”

Countries in the South Asia & Oceania region have been witnessing a notable hike in awareness regarding sustainability in recent years. Countries such as India, Malaysia, and Indonesia have been major contributors to plastic waste in not just the Asian region but the world, and governments of these countries are now trying to reduce it and move towards the use of sustainable materials.

Adoption of circular economy initiatives in countries such as Australia, New Zealand, and India is also projected to open up new avenues of opportunities for CO2-based polymer distributors over the coming years. High investments in renewable energy technologies in Australia are also projected to boost innovation in carbon capture technologies thereby creating an opportune scenario for CO2-based polymer production going forward.

  • Currently, shipments of carbon dioxide-based polymers in Australia & New Zealand collectively account for a value of US$ 48.6 million and are forecasted to increase at a stellar 9.9% CAGR across the study period.

Learn more about growth-augmenting aspects such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study for CO2-based polymers by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Country-wise Insights

CO2-based polymer vendors looking to set foot in the Asian region should start by investing in countries such as India, Indonesia, and Thailand to build strong business foundations. New Zealand and Australia are also projected to emerge as profitable countries but will have limited growth potential going forward.

What Makes India a Bankable Business Destination for CO2-based Polymers in South Asia?

“Sincere Efforts to Boost Sustainable Material Manufacturing”

India aims to become one of the most prominent economies in the world and it has put in a lot of effort in the past couple of decades to achieve this. The chemical manufacturing space in the country is expanding rapidly and contributing significantly to the country’s GDP thereby boosting economic growth.

  • At present, sales of CO2-based polymers in India account for a value of US$ 242 million and are forecasted to increase at an astronomical CAGR of 12.2% over the next ten years.

The government of India is launching subsidies and incentives for companies operating in the chemical space and working on the development of sustainable materials. The robust expansion of automotive manufacturing activity in the country is also pushing CO2-based polymer suppliers to improve their supply to satisfy rising demand.

  • In March 2022, Covestro, a renowned supplier of polycarbonates, announced the start of operations for two new production lines at its Greater Noida plant in New Delhi, India. The project is in line with India’s ‘Make in India’ initiative.

Why Should CO2-based Polymer Manufacturers Invest in Thailand?

“Centralized Location and Strong Economy Making Thailand a Hotspot for Manufacturing Operations”

Thailand has emerged as a strong economy in the South Asian region in recent years and the government of the country is focusing on making it stronger by attracting foreign investments. Chemical companies are establishing new plants in Thailand to take advantage of its central location and educated workforce to bolster their presence in the Asian region.

  • In October 2020, Covestro, a leading German manufacturer of polycarbonate raw materials announced the launch of its new production facility in Thailand. The new polycarbonate film production plant is located at Map Ta Phut Industrial Estate in Thailand as part of Covestro’s efforts to improve its presence in the Asia Pacific region.
  • Sales of carbon dioxide-based polymers in Thailand are projected to rise at 10.7% CAGR over the next ten years and reach a value of US$ 157.6 million by 2033-end.

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Category-wise Insights

Supplying polycarbonates and developing specialized CO2-based polymers for packaging applications could help CO2-based polymer companies establish a strong foothold in the South Asia & Oceania region going forward.

Which Type of CO2-based Polymer is Most Sought After?

“Polycarbonates Projected to Account for Leading Market Share”

The increasing demand for sustainable plastic replacements in automotive and electronics manufacturing facilities in the South Asia & Oceania region is projected to influentially bolster sales of polycarbonates going forward. The high durability and heat resistance of polycarbonates make them a favorite plastic replacement in different applications.

  • In 2023, around 213.4 KT of polycarbonate will be produced in South Asia & Oceania region.

Where are Most CO2-based Polymers Used?

“Packaging Applications to Dominate CO2-based Polymer Consumption”

Focus on reducing the use of plastic in packaging in South Asia & Oceanic region has increased substantially in recent years and this is projected to bolster demand for CO2-based polymers in packaging applications going forward. Increasing demand for sustainable packaging from consumers and implementation of strict bans on plastic packaging is projected to bolster sales of CO2-based polymers for packaging across the study period and beyond.

  • Nearly 301.8 KT of CO2-based polymers are projected to be used for packaging applications by the end of 2033.

Competitive Landscape

CO2-based polymer companies operating in South Asia & Oceania region are projected to focus on the expansion of their business scope through mergers, collaborations, and partnerships.

  • In June 2023, SCG Chemicals Public Company Limited, a petrochemical innovation company based in Thailand announced a partnership with Avantium N.V. This partnership is aimed at advancing the development of CO2-based polymers and bringing it to the next phase of commercialization.

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CO2-based Polymer Study Segmentation for South Asia & Oceania

  • By Type :

    • Polycarbonates
      • Propylene 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
    • Others (Medical Devices, Consumer Goods, etc.)
  • By Country :

    • India
    • Thailand
    • Malaysia
    • Indonesia
    • Australia & New Zealand
    • Rest of South Asia & Oceania

- FAQs -

How much is CO2-based polymer demand in South Asia & Oceania?

Sales of CO2-based polymers in South Asia & Oceania are estimated at US$ 501 million in 2023.

What is the forecasted sales revenue for CO2-based polymers?

CO2-based polymer demand is forecasted to reach a valuation of US$ 1.46 billion by 2033.

How will demand for CO2-based polymers fare in SAO going forward?

The South Asia & Oceania market is projected to rise at 11.3% CAGR from 2023 to 2033.

At what pace will CO2-based polymer sales rise in India?

Demand for CO2-based polymers in India is predicted to rise at 12.2% CAGR over the next ten years.

Who are the top CO2-based polymer manufacturers in SAO?

QUTech, Carbon Craft, Covestro, and LanzaTech are leading CO2-based polymer companies in the region.

- Also of Interest -

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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

Industry Analysis of CO2-based Polymers in North America

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

Industry Analysis of CO2-based Polymers in South Asia & Oceania

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