Global CO2-based Plastics Market Size Study & Forecast, by Product Type and Application, and Regional Forecasts 2025-2035

Description

The Global CO2-based Plastics Market is estimated at approximately USD 3.04 billion in 2024 and is projected to expand at a remarkable CAGR of 10.20% during the forecast period from 2025 to 2035. In a world gripped by the urgency of climate action, industries are pivoting toward carbon capture and utilization (CCU) strategies that not only reduce emissions but create economic value from waste gases. CO2-based plastics exemplify this shift-transforming carbon dioxide from a liability into a viable input for manufacturing sustainable polymers. These innovative materials, synthesized by incorporating captured CO2 into polymer backbones, are rapidly emerging as attractive alternatives to conventional petrochemical-based plastics, reshaping industrial landscapes from automotive to electronics.

As sustainability regulations tighten and the public's environmental expectations heighten, manufacturers are scaling up investments in CO2-derived polycarbonates and polyurethanes that offer not only reduced carbon footprints but also competitive performance metrics. Applications are expanding beyond simple packaging into high-performance segments such as automotive components, consumer electronics casings, and even technical textiles. What once seemed an esoteric lab concept is now gaining mainstream traction, with startups, petrochemical giants, and consumer brands forming synergies to fast-track commercialization. With global institutions supporting carbon pricing and circular economy models, CO2-based polymers are becoming an essential cog in the green materials ecosystem.

Regionally, North America is at the forefront of this transition, led by aggressive federal and state-level emissions reduction targets and robust R&D ecosystems. The U.S. is a key innovation hub, hosting several breakthrough ventures in carbon utilization technology. Europe trails closely, reinforced by the EU Green Deal and strict carbon neutrality goals, pushing industries to shift toward carbon-negative material solutions. Meanwhile, the Asia Pacific region is anticipated to be the fastest-growing market over the next decade. Countries such as China, Japan, and South Korea are investing strategically in green manufacturing and low-carbon infrastructure, recognizing CO2-based plastics as a crucial link between economic expansion and climate resilience.

BASF SE
Covestro AG
SK Innovation Co., Ltd.
LanzaTech Global Inc.
Novomer Inc.
Econic Technologies Ltd.
Saudi Basic Industries Corporation (SABIC)
Mitsubishi Chemical Group Corporation
Evonik Industries AG
TotalEnergies Corbion
Asahi Kasei Corporation
Danimer Scientific
Aether Industries
Empower Materials
Jiangsu Zhongke Jinlong-CAS Chemical Co., Ltd.

Global CO2-based Plastics Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Product Type:

Polycarbonates
Polyurethanes

By Application:

Packaging
Automotive Components
Electronic Components
Textile Processing

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global CO2-based Plastics Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top-Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global CO2-based Plastics Market Forces Analysis

3.1. Market Forces Shaping the Global CO2-based Plastics Market 2024-2035
3.2. Drivers
- 3.2.1. Regulatory Support & Carbon Pricing Incentives
- 3.2.2. Technological Innovation in Carbon Utilization
3.3. Restraints
- 3.3.1. Feedstock Cost Volatility
- 3.3.2. Scale-up and Infrastructure Challenges
3.4. Opportunities
- 3.4.1. Expansion into High-Performance Applications
- 3.4.2. Integration within Circular Economy Frameworks

Chapter 4. Global CO2-based Plastics Industry Analysis

4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Buyers
- 4.1.2. Bargaining Power of Suppliers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's Five Forces Forecast Model 2024-2035
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies 2025
4.6. Market Share Analysis 2024-2025
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global CO2-based Plastics Market Size & Forecasts by Product Type, 2025-2035

5.1. Market Overview
5.2. Polycarbonates
- 5.2.1. Top Countries-Estimates & Forecasts, 2024-2035
- 5.2.2. Regional Market Size Analysis, 2025-2035
5.3. Polyurethanes
- 5.3.1. Top Countries-Estimates & Forecasts, 2024-2035
- 5.3.2. Regional Market Size Analysis, 2025-2035

Chapter 6. Global CO2-based Plastics Market Size & Forecasts by Application, 2025-2035

6.1. Market Overview
6.2. Packaging
- 6.2.1. Top Countries-Estimates & Forecasts, 2024-2035
- 6.2.2. Regional Market Size Analysis, 2025-2035
6.3. Automotive Components
- 6.3.1. Top Countries-Estimates & Forecasts, 2024-2035
- 6.3.2. Regional Market Size Analysis, 2025-2035
6.4. Electronic Components
- 6.4.1. Top Countries-Estimates & Forecasts, 2024-2035
- 6.4.2. Regional Market Size Analysis, 2025-2035
6.5. Textile Processing
- 6.5.1. Top Countries-Estimates & Forecasts, 2024-2035
- 6.5.2. Regional Market Size Analysis, 2025-2035

Chapter 7. Global CO2-based Plastics Market Size & Forecasts by Region, 2025-2035

7.1. CO2-based Plastics Market, Regional Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America CO2-based Plastics Market
- 7.3.1. U.S. CO2-based Plastics Market
  - 7.3.1.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.3.1.2. Application Breakdown & Forecasts, 2025-2035
- 7.3.2. Canada CO2-based Plastics Market
  - 7.3.2.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.3.2.2. Application Breakdown & Forecasts, 2025-2035
7.4. Europe CO2-based Plastics Market
- 7.4.1. UK CO2-based Plastics Market
  - 7.4.1.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.4.1.2. Application Breakdown & Forecasts, 2025-2035
- 7.4.2. Germany CO2-based Plastics Market
  - 7.4.2.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.4.2.2. Application Breakdown & Forecasts, 2025-2035
- 7.4.3. France CO2-based Plastics Market
  - 7.4.3.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.4.3.2. Application Breakdown & Forecasts, 2025-2035
- 7.4.4. Spain CO2-based Plastics Market
  - 7.4.4.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.4.4.2. Application Breakdown & Forecasts, 2025-2035
- 7.4.5. Italy CO2-based Plastics Market
  - 7.4.5.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.4.5.2. Application Breakdown & Forecasts, 2025-2035
- 7.4.6. Rest of Europe CO2-based Plastics Market
  - 7.4.6.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.4.6.2. Application Breakdown & Forecasts, 2025-2035
7.5. Asia Pacific CO2-based Plastics Market
- 7.5.1. China CO2-based Plastics Market
  - 7.5.1.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.5.1.2. Application Breakdown & Forecasts, 2025-2035
- 7.5.2. India CO2-based Plastics Market
  - 7.5.2.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.5.2.2. Application Breakdown & Forecasts, 2025-2035
- 7.5.3. Japan CO2-based Plastics Market
  - 7.5.3.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.5.3.2. Application Breakdown & Forecasts, 2025-2035
- 7.5.4. Australia CO2-based Plastics Market
  - 7.5.4.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.5.4.2. Application Breakdown & Forecasts, 2025-2035
- 7.5.5. South Korea CO2-based Plastics Market
  - 7.5.5.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.5.5.2. Application Breakdown & Forecasts, 2025-2035
- 7.5.6. Rest of Asia Pacific CO2-based Plastics Market
  - 7.5.6.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.5.6.2. Application Breakdown & Forecasts, 2025-2035
7.6. Latin America CO2-based Plastics Market
- 7.6.1. Brazil CO2-based Plastics Market
  - 7.6.1.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.6.1.2. Application Breakdown & Forecasts, 2025-2035
- 7.6.2. Mexico CO2-based Plastics Market
  - 7.6.2.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.6.2.2. Application Breakdown & Forecasts, 2025-2035
7.7. Middle East & Africa CO2-based Plastics Market
- 7.7.1. UAE CO2-based Plastics Market
  - 7.7.1.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.7.1.2. Application Breakdown & Forecasts, 2025-2035
- 7.7.2. Saudi Arabia (KSA) CO2-based Plastics Market
  - 7.7.2.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.7.2.2. Application Breakdown & Forecasts, 2025-2035
- 7.7.3. South Africa CO2-based Plastics Market
  - 7.7.3.1. Product Type Breakdown & Forecasts, 2025-2035
  - 7.7.3.2. Application Breakdown & Forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. BASF SE
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Portfolio
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. Covestro AG
8.4. SK Innovation Co., Ltd.
8.5. LanzaTech Global Inc.
8.6. Novomer Inc.
8.7. Econic Technologies Ltd.
8.8. Saudi Basic Industries Corporation (SABIC)
8.9. Mitsubishi Chemical Group Corporation
8.10. Evonik Industries AG
8.11. TotalEnergies Corbion
8.12. Asahi Kasei Corporation
8.13. Danimer Scientific
8.14. Aether Industries
8.15. Empower Materials
8.16. Jiangsu Zhongke Jinlong-CAS Chemical Co., Ltd.