Pacific HEAR Market

The Asia Pacific HEAR (High Erucic Acid Rapeseed) market size was valued at US$ 142.8 million in 2024 and is projected to reach US$ 187.5 million by 2030, at a CAGR of 4.6% during the forecast period 2024-2030.

High Erucic Acid Rapeseed (HEAR) is a specialty crop variety of rapeseed containing high levels of erucic acid, used in industrial applications such as lubricants, plasticizers, and as a feedstock for erucamide production.

The Asia Pacific HEAR market is experiencing moderate growth, driven by demand from industrial sectors and expanding applications in bioplastics. China accounts for 45% of the market, followed by Japan at 25% and India at 15%. In 2023, the lubricant industry consumed 40% of total production, with plastics at 30% and personal care products at 20%. The market saw a 7% increase in demand for HEAR oil in biodegradable polymers. Key players include Bunge Limited (USA) and Perdue AgriBusiness (USA), collectively holding a 40% market share in the region. The industry is investing in crop improvement technologies, with a 10% increase in R&D spending on high-yield HEAR varieties in 2023. Challenges include competition from other high-oleic oilseeds and regulatory restrictions on erucic acid in food applications, leading to an 8% focus on developing specialty industrial applications. The trend towards bio-based materials has driven a 12% growth in HEAR use for renewable plasticizers. The market is benefiting from the expansion of the electric vehicle industry, with a 15% rise in HEAR-derived products for EV lubricants and coolants in countries like China and South Korea.

Report Includes

Pacific HEAR Market is an essential reference for who looks for detailed information on Asia Pacific HEAR (High Erucic Acid Rapeseed) . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of HEAR (High Erucic Acid Rapeseed) , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

Pacific HEAR Market aims to provide a comprehensive presentation of the Asia Pacific HEAR (High Erucic Acid Rapeseed) , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HEAR (High Erucic Acid Rapeseed) . Pacific HEAR Market contains market size and forecasts of HEAR (High Erucic Acid Rapeseed) in Asia Pacific, including the following market information:

We surveyed the HEAR (High Erucic Acid Rapeseed) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

•    China

•    India

•    Japan

•    South Korea

•    Australia

•    Thailand

•    Indonesia

by Products type:

•    Erucic Acid 43% to 50%

•    Erucic Acid Above 50%

by Application:

•    High Temperature Lubricants

•    Plastic

•    Printing Ink

•    Personal Care

•    Others

key players include: (At least 8-10 companies included)

•    Wilmar International Limited

•    Sime Darby Plantation

•    IOI Corporation Berhad

•    Bunge Limited

•    Cargill, Incorporated

•    Fuji Oil Co., Ltd.

•    COFCO Group

•    PT Astra Agro Lestari Tbk

•    IFFCO

•    Nisshin OilliO Group

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies HEAR (High Erucic Acid Rapeseed) revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)

•    Key companies HEAR (High Erucic Acid Rapeseed) revenues share in Asia Pacific market, 2023 (%)

•    Key companies HEAR (High Erucic Acid Rapeseed) sales in Asia Pacific market, 2019-2024 (Estimated),

•    Key companies HEAR (High Erucic Acid Rapeseed) sales share in Asia Pacific market, 2023 (%)

Key Points of this Report:

•    The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis

•    The report covers Asia Pacific and country-wise market of HEAR (High Erucic Acid Rapeseed)

•    It describes present situation, historical background and future forecast

•    Comprehensive data showing HEAR (High Erucic Acid Rapeseed) capacities, production, consumption, trade statistics, and prices in the recent years are provided

•    The report indicates a wealth of information on HEAR (High Erucic Acid Rapeseed) manufacturers

•    HEAR (High Erucic Acid Rapeseed) forecast for next five years, including market volumes and prices is also provided

•    Raw Material Supply and Downstream Consumer Information is also included

•    Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

•    Analyzing the outlook of the market with the recent trends and SWOT analysis

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

•    Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

•    Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

•    Distribution Channel sales Analysis by Value

•    Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

•    Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

•    1-year analyst support, along with the data support in excel format.