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Polylactic Acid Market

PLA is a bioplastic that is biodegradable in nature. It is derived from renewable sources such as sugarcane and corn starch. Its manufacturing process includes condensation and polymerization. It is widely used for packaging in the food and beverage industry. It is also used for various applications such as biodegradable polymers, food and beverages, medical and pharmaceutical, and personal care.

Technavio’s analysts forecast the global polylactic acid market to grow at a CAGR of 19.99% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global polylactic acid market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas
• APAC
• Europe
• ROW

Technavio’s report, Global Polylactic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
 

Inquire for Discount Report at: https://www.marketinsightsreports.com/reports/08187854/global-polylactic-acid-market-2017-to-2021/discount

Key vendors
• BASF
• Corbion
• NatureWorks
• Synbra Technology bv

Other prominent vendors
• Exxon Mobil
• The Dow Chemical company
• DuPont
• Futerro
• Galactic
• Henan Jindan Lactic Acid Technology

Market driver
• Easy availability of raw materials
• For a full, detailed list, view our report

Market challenge
• Lack of consumer awareness and acceptance
• For a full, detailed list, view our report

Market trend
• Increasing use of PLA by automotive manufacturers
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Technavio Announces the Publication of its Research Report – Global Polylactic Acid Market 2017-2021
Technavio recognizes the following companies as the key players in the global polylactic acid market: BASF, Corbion, NatureWorks, and Synbra Technology bv.
 

Order for Full Report at: https://www.marketinsightsreports.com/report/purchase/08187854?mode=su

Other Prominent Vendors in the market are: Exxon Mobil, The Dow Chemical company, DuPont, Futerro, Galactic, and Henan Jindan Lactic Acid Technology.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of PLA by automotive manufacturers. PLA meets all the performance specifications that have been formulated by original equipment manufacturers (OEM), except for abrasion resistance and flammability. It is found that fabrics derived from PLA perform equally or better than that derived from PET. PLA materials are being increasingly adopted as they ensure lightweight parts in comparison with synthetic counterparts.”

According to the report, one driver in the market is easy availability of raw materials. PLA is commonly produced from plant-based raw materials, which are easily available. The production process of PLA involves the use of corn-starch or sugarcane as raw materials. These are easily available in the market, thereby acting as a driver for the global PLA market during the forecast period. Lactic acid is obtained from the fermentation of starch or sugar and then it is used in the production of PLA which is more biodegradable than conventional plastic that is derived from petrochemicals.

Further, the report states that one challenge in the market is lack of consumer awareness and acceptance. The awareness of consumers on the need to use PLA is low in developing countries. Consumers are using non-renewable petrochemical based plastics that will have an adverse impact on the environment. Creating awareness on the benefits of using PLA for applications such as packaging and other end-user applications, along with the need to protect the environment, is an essential factor for market growth. In addition, understanding the basics of bioplastics, such as the difference between bioplastics and petroleum-based plastics is essential to carry out effective composting process.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-polylactic-acid-market

Technavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit- https://www.technavio.com/industries/specialty-chemicals
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Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.

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