The polylactic acid market is projected to grow at a CAGR of 19.27% during the forecast period. Rising utilization of PLA in cosmetics and personal care products owing to its skin lightening 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.
The “Polylactic Acid Market – Forecasts from 2019 to 2024” is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by application and geography.
The polylactic acid market has been segmented based on application and geography. By application, the market is segmented as packaging, agriculture, textile, electronics, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the polylactic acid market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the polylactic acid market.
The polylactic acid market has been analyzed through following segments:
By End-User Application
Middle East and Africa