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.
Growing concerns regarding environmental sustainability
Rising applications across various end-user industries
Processing performance and stability issues
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.
The Polylactic Acid Market has been analyzed through the following segments:
By Raw Material
By End-User Industry
Middle East and Africa