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
This report 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.
This report 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) . This report 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:
• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia
• Erucic Acid 43% to 50%
• Erucic Acid Above 50%
• High Temperature Lubricants
• Plastic
• Printing Ink
• Personal Care
• Others
• 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.
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.
1.1 Product Overview and Scope of HEAR (High Erucic Acid Rapeseed)
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Erucic Acid 43% to 50%
1.2.3 Erucic Acid Above 50%
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 High Temperature Lubricants
1.3.3 Plastic
1.3.4 Printing Ink
1.3.5 Personal Care
1.3.6 Others
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 Wilmar International Limited
8.1.1 Wilmar International Limited Corporation Information
8.1.2 Wilmar International Limited Product Portfolio
8.1.3 Wilmar International Limited Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Wilmar International Limited Main Business and Markets Served
8.1.5 Wilmar International Limited Recent Developments/Updates
8.2 Sime Darby Plantation
8.2.1 Sime Darby Plantation Corporation Information
8.2.2 Sime Darby Plantation Product Portfolio
8.2.3 Sime Darby Plantation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 Sime Darby Plantation Main Business and Markets Served
8.2.5 Sime Darby Plantation Recent Developments/Updates
8.3 IOI Corporation Berhad
8.3.1 IOI Corporation Berhad Corporation Information
8.3.2 IOI Corporation Berhad Product Portfolio
8.3.3 IOI Corporation Berhad Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 IOI Corporation Berhad Main Business and Markets Served
8.3.5 IOI Corporation Berhad Recent Developments/Updates
8.4 Bunge Limited
8.4.1 Bunge Limited Corporation Information
8.4.2 Bunge Limited Product Portfolio
8.4.3 Bunge Limited Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Bunge Limited Main Business and Markets Served
8.4.5 Bunge Limited Recent Developments/Updates
8.5 Cargill, Incorporated
8.5.1 Cargill, Incorporated Corporation Information
8.5.2 Cargill, Incorporated Product Portfolio
8.5.3 Cargill, Incorporated Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 Cargill, Incorporated Main Business and Markets Served
8.5.5 Cargill, Incorporated Recent Developments/Updates
8.6 Fuji Oil Co., Ltd.
8.6.1 Fuji Oil Co., Ltd. Corporation Information
8.6.2 Fuji Oil Co., Ltd. Product Portfolio
8.6.3 Fuji Oil Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 Fuji Oil Co., Ltd. Main Business and Markets Served
8.6.5 Fuji Oil Co., Ltd. Recent Developments/Updates
8.7 COFCO Group
8.7.1 COFCO Group Corporation Information
8.7.2 COFCO Group Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 COFCO Group Main Business and Markets Served
8.7.4 COFCO Group Recent Developments/Updates
8.8 PT Astra Agro Lestari Tbk
8.8.1 PT Astra Agro Lestari Tbk Corporation Information
8.8.2 PT Astra Agro Lestari Tbk Product Portfolio
8.8.3 PT Astra Agro Lestari Tbk Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 PT Astra Agro Lestari Tbk Main Business and Markets Served
8.8.5 PT Astra Agro Lestari Tbk Recent Developments/Updates
8.9 IFFCO
8.9.1 IFFCO Corporation Information
8.9.2 IFFCO Product Portfolio
8.9.3 IFFCO Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 IFFCO Main Business and Markets Served
8.9.5 IFFCO Recent Developments/Updates
8.10 Nisshin OilliO Group
8.10.1 Nisshin OilliO Group Corporation Information
8.10.2 Nisshin OilliO Group Product Portfolio
8.10.3 Nisshin OilliO Group Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 Nisshin OilliO Group Main Business and Markets Served
8.10.5 Nisshin OilliO Group Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of HEAR (High Erucic Acid Rapeseed)
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?