HEAR (High Erucic Acid Rapeseed) Market status and forecast, categorizes the global market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Los Angeles, CA -- (SBWire) -- 02/02/2019 --High erucic acid rapeseed (HEAR) is a specialty rapeseed selected for its high erucic content. It has over 50% erucic acid and is grown as a key ingredient for plastics, personal care products and pharmaceuticals. The seed, the crop and the oil are visually similar to canola, therefore every step of the supply chain demands robust and effective identity preservation processes. The global sales of HEAR increased from 169.08 K MT in 2013 to 192.77 K MT in 2017, at a CAGR of 3.33%. In 2017, the global HEAR market is led by United Kingdom. North America is the second-largest region-wise market.

Currently, Premium crops, Bunge North America, Perdue Agribusiness and NatureScrops are the leaders of HEAR industry. Premium cropso is a global leader. In 2017, the sale of Premium crops was 51.52 K MT, and the company holds a sales share of 26.7%. The unique properties of HEAR oil and its constituents are irreplaceable in a variety of industrial applications, including high temperature lubricants, slip agents, printing ink, cosmetics and consumable spreads. Demand globally is growing, which provides an opportunity for expansion of HEAR production.

Plastic is the most important application. In 2017, plastic application holds 49.54% of the consumption market share. The long chain length of erucic acid makes it a unique raw material in oleo chemical industry. Currently, the total demand for erucic acid is fairly low and not expected to grow radically in the near future. Most likely, growth rate is approximately equal with the general growth of oleo chemical industry, which again, as typical for mature industries, is likely to be approximately equal with the overall economic growth.

A trend visible that is likely to work in favor of increased use of high erucic oil in future, both in oleo chemical and other uses. The development of "green technology" with increased emphasis on renewable resources and biodegradability is likely to increase interest in raw materials such as high erucic oil. The global HEAR (High Erucic Acid Rapeseed) market is valued at 32 million US$ in 2018 is expected to reach 57 million US$ by the end of 2025, growing at a CAGR of 7.3% during 2019-2025.

This report focuses on HEAR (High Erucic Acid Rapeseed) volume and value at global level, regional level and company level. From a global perspective, this report represents overall HEAR (High Erucic Acid Rapeseed) market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan. At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

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The following manufacturers are covered:

Bunge North America

Perdue Agribusiness

NatureScrops

Premium crops

Segment by Regions

North America

Europe

China

Japan

Segment by Type

Erucic Acid 43% to 50%

Erucic Acid >50%

Segment by Application

High Temperature Lubricants

Plastic

Printing Ink

Personal Care

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