Category

Polylactic Acid Market Size, Share, Opportunities, And Trends By Type (Poly-L-lactic, Poly-D-lactic, Poly-DL-lactic Acid), By Raw Material (Corn Starch, Cassava, Sugarcane, Others), By End-User Industry (Automotive, Textile, Electronics, Packaging, Others), And By Geography – Forecast From 2019 To 2024

115 pages
Published on : Aug 2019
Report Code : KSI061612825

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Description

The Polylactic Acid market is projected to grow at a CAGR of XX% during the forecast period, reaching a total market size of US$XX billion in 2024. Rising utilization of PLA in cosmetics and personal care products owing to its skin lightning properties is significantly driving the growth of polylactic acid market. Rising demand for environmental-friendly solutions is another major driver of polylactic acid market. Technological advancements in development of polylactic acid will continue to bolster the growth of polylactic acid market during the forecast period. Geographically, North America holds significant market share owing to the presence of major market players in the region.

DRIVERS

Growing concerns regarding environmental sustainability

Rising applications across various end-user industries

RESTRAINTS

Processing performance and stability issues

INDUSTRY UPDATE

In December 2018, Corbion launched the world’s second-largest PLA bio-plastics plant in Thailand.

The major players profiled in the Polylactic Acid market include Corbion, Dow Chemical, NatureWorks LLC, ZHEJIANG HISUN BIOMATERIALS CO.,LTD., SK Chemicals, Synbra, Radici Group, and Futerro.

Segmentation

The Polylactic Acid Market has been analyzed through the following segments:

By Type

Poly-L-lactic Acid

Poly-D-lactic Acid

Poly-DL-lactic Acid

By Raw Material

Corn Starch

Cassava

Sugarcane

Others

By End-User Industry

Automotive

Textile

Electronics

Packaging

Others

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

United Kingdom

Germany

France

Italy

Others

Middle East and Africa

Saudi Arabia

UAE

Israel

Others

Asia Pacific

China

Japan

India

South Korea

Others

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