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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:
The Asia Pacific HEAR (High Erucic Acid Rapeseed) market was valued at US$ 142.8 million in 2024.
The market is projected to reach US$ 187.5 million by 2030, growing at a CAGR of 4.6% during the forecast period from 2024 to 2030.
HEAR has several key applications, including:
HEAR is distinguished by its high erucic acid content, which makes it ideal for industrial applications such as lubricants, biodiesel, and high-performance oils. Unlike other types of rapeseed, which have low erucic acid, HEAR’s specific oil properties make it suitable for more specialized uses in both the industrial and bio-based sectors.
The demand for biodiesel is expected to significantly influence the growth of the HEAR market, as the oil extracted from HEAR seeds is one of the key sources used in biofuel production. With the global push for renewable energy sources, HEAR oil’s role in biodiesel production is likely to grow, especially in regions like Asia Pacific, which are increasing their renewable energy usage.