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CO2-based Plastics Market Size, Share & Trends Analysis Report By Product Type (Polycarbonates, Polyurethanes), By Application (Packaging, Automotive Components, Electronic Components, Textile Processing), By Region, And Segment Forecasts, 2025 - 2030
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CO2-based Plastics Market Growth & Trends:
The global CO2-based plastics market size is anticipated to reach USD 5.45 billion by 2030 and is projected to grow at a CAGR of 10.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is an emerging and highly strategic segment of the global sustainable materials industry, driven by the increasing focus on carbon utilization and circular economy principles. These plastics, synthesized from captured carbon dioxide through advanced polymerization technologies, are gaining traction across multiple industries, including packaging, automotive, electronics, and construction. CO2-derived plastics address critical environmental concerns while maintaining competitive material properties by offering a sustainable alternative to conventional petroleum-based polymers. The versatility of these plastics, ranging from polycarbonates and polyurethanes to biodegradable alternatives, positions them as a key component in the transition toward low-carbon manufacturing and eco-friendly product innovation.
A major driver of the CO2-based plastics market is the escalating global commitment to reducing carbon emissions and advancing sustainable material solutions. Companies and governments alike are investing in carbon capture and utilization (CCU) technologies to transform industrial CO2 emissions into valuable polymer feedstocks, reducing reliance on fossil fuels. CO2-based plastics offer unique advantages, such as lower carbon footprints, reduced petrochemical dependency, and enhanced material performance in select applications. Additionally, breakthroughs in catalyst efficiency and polymer processing are enabling the development of high-performance CO2-derived plastics with enhanced thermal stability, mechanical strength, and recyclability. These advancements, coupled with increasing regulatory incentives and corporate sustainability mandates, are solidifying the role of CO2-based plastics in the evolving landscape of next-generation materials.
The market players are focusing on various strategic initiatives such as mergers, acquisitions, and collaborations. For instance, in November 2024, Fortum Recycling & Waste launched INGA, a biodegradable plastic made entirely from captured CO2 emissions, positioning it as a fossil- and microplastic-free alternative. INGA, a polyhydroxyalkanoate (PHA) material, is versatile and suitable for various applications, including packaging for food, cosmetics, and electronics.
CO2-based Plastics Market Report Highlights:
- Based on type, polycarbonates held the largest share, accumulating USD 1.86 billion market size in 2024.
- Based on packaging, automotive accounted for the largest share of 35.85% market size in 2024.
- North America dominated the recycling engineering plastics market. As financial institutions and multinational corporations continue to prioritize sustainability-linked investments, the CO2-based plastics market in North America is set to gain strong traction through increased private funding and market-driven adoption.
- The U.S. was the leading manufacturer of recycling engineering plastics in the Asia Pacific region and captured around 80% of the revenue market share in 2024 in this region
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Product Types & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. CO2-based Plastics Market Variables, Trends & Scope
- 3.1. Global CO2-based Plastics Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Impact of Circular Economy
- 3.5. Average Price Trend Analysis, 2018 to 2030 (USD/kg)
- 3.5.1. Key Factors Influencing Pricing
- 3.6. Regulatory Framework
- 3.6.1. Policies and Incentive Plans
- 3.6.2. Standards and Compliances
- 3.6.3. Regulatory Impact Analysis
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Challenges
- 3.8. Porter's Five Forces Analysis
- 3.8.1. Supplier Power
- 3.8.2. Buyer Power
- 3.8.3. Substitution Threat
- 3.8.4. Threat from New Entrant
- 3.8.5. Competitive Rivalry
- 3.9. PESTEL Analysis
- 3.9.1. Political Landscape
- 3.9.2. Economic Landscape
- 3.9.3. Social Landscape
- 3.9.4. Technological Landscape
- 3.9.5. Environmental Landscape
- 3.9.6. Legal Landscape
Chapter 4. CO2-based Plastics Market: Product Type Outlook Estimates & Forecasts
- 4.1. CO2-based Plastics Market: Product Type Movement Analysis, 2024 & 2030
- 4.1.1. Polycarbonate (PC)
- 4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.1.2. Polyurethanes (PU)
- 4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.1.3. Polypropylene Carbonate (PPC)
- 4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.1.4. Polyethylene Carbonate (PEC)
- 4.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.1.5. Polyethylene Terephthalate (PET)
- 4.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.1.6. Others
- 4.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 5. CO2-based Plastics Market: Application Outlook Estimates & Forecasts
- 5.1. CO2-based Plastics Market: Application Movement Analysis, 2024 & 2030
- 5.1.1. Packaging
- 5.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.1.2. Films
- 5.1.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.1.3. Bottles
- 5.1.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.1.4. Containers
- 5.1.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.1.5. Trays
- 5.1.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.1.6. Others
- 5.1.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.2. Automotive Components
- 5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.2.2. Interior Components
- 5.1.2.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.2.3. Structural Parts
- 5.1.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.2.4. Construction Materials
- 5.1.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.2.5. Pipes
- 5.1.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.2.6. Panels
- 5.1.2.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.2.7. Insulation
- 5.1.2.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.2.8. Others
- 5.1.2.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.3. Electronic Components
- 5.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.3.2. Casings
- 5.1.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.3.3. Connectors
- 5.1.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.3.4. Circuit Boards
- 5.1.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.3.5. Others
- 5.1.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.4. Textile Processing
- 5.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.4.2. Fibers
- 5.1.4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.4.3. Non-Woven Fabrics
- 5.1.4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.1.5. Others
- 5.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. CO2-based Plastics Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. CO2-based Plastics Market: Regional Movement Analysis, 2024 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.3.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.3.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.3.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.4. Europe
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.4.4. UK
- 6.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.4.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.4.5. Germany
- 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.4.6. France
- 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.4.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.4.7. Italy
- 6.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.4.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.4.8. Spain
- 6.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.8.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.4.8.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.5.4. China
- 6.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.5.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.5.5. India
- 6.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.5.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.5.6. Japan
- 6.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.5.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.5.7. South Korea
- 6.5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.7.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.5.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.5.8. Australia
- 6.5.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.8.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.5.8.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.6. Central & South America
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.6.4. Brazil
- 6.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.6.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.6.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.6.5. Argentina
- 6.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.6.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.6.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.7.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.7.4. Saudi Arabia
- 6.7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.7.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.7.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.7.5. South Africa
- 6.7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.7.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.7.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 6.7.6. UAE
- 6.7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.7.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 6.7.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and channel Partners
- 7.2.3. List of Potential Customers/End-users
- 7.3. Competitive Dynamics
- 7.3.1. Company Market Share Analysis & Market Positioning
- 7.3.2. Competitive Benchmarking
- 7.3.3. Strategy Mapping
- 7.3.4. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Participant's overview
- 7.4.2. Financial performance
- 7.4.3. Product benchmarking
- 7.4.3.1. LG Chem
- 7.4.3.2. LanzaTech
- 7.4.3.3. Newlight Technologies
- 7.4.3.4. Fortum Recycling & Waste
- 7.4.3.5. NatureWorks
- 7.4.3.6. Covestro AG
- 7.4.3.7. Avantium
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