Polylactic acid is a type of thermoplastic polyester obtained from wide variety of renewable feedstock such as wheat, corn, sugarcane, starch, and tapioca roots. PLA is made through two different processes namely condensation and polymerization. It is biodegradable as well as biocompatible in nature. PLA is a thermoplastic material and find its utilization in numerous application such as automotive, packaging, textile, electrical & electronics, consumer goods, and others. —
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Some of the prominent factors that positively influence the growth of polylactic acid market are increasing demand for household appliances, improving standard of living, and rising consumption of PLA in consumer goods. Additionally, increasing production & sales in the automotive industry and shifting manufacturers focus towards manufacturing light weight and fuel-efficient vehicles are anticipated to propel the growth of the market over the forecast period 2017-2023.
Competitive analysis: -
The major players operating in the polylactic acid market are
BASF SE (Germany)
The DOW Chemical Company (U.S.)
Corbion (the Netherlands)
TEIJIN LIMITED. (Japan)
NatureWorks LLC (U.S.)
Synbra Technology bv (the Netherlands)
Sulzer Ltd (Switzerland)
Hitachi, Ltd. (Japan)
Musashino Chemical Laboratory, Ltd. (Japan)
Corbion has bought Bunge’s stake in Brazil algae feed venture, it now fully owns a joint venture with Bunge. As part of this move, Corbion will purchase Bunge's $15 million of external debt in the project and repay a working capital loan of $8mn.
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The Dow Chemical Co. is expanding into eastern Canada with its first new sales center with the new Toronto office allowing the company to get closer to its customers and collaborate better as it gears up for growth after its planned spin-off from Midland-based DowDuPont Inc. early next year (2019).
Market Segmentation: -
The global polylactic acid market is segmented based on type and application.
Based on type, the market is segmented into PLLA (poly-L-lactic acid), PDLA (poly-D-lactic acid), and PDLLA (poly-DL-lactic acid).
Based on application, the market is segmented into automotive, textile, packaging, consumer goods, electrical & electronics, and others. Because of better wicking, drape and excellent crease resistance polylactic can be used in various applications like wipes, and geotextiles, etc. It has a good UV resistance and superior resilience which brings its application in furnishing like carpet tiles, industrial wall panels, automotive furnishing.
Regional Analysis: -
The global polylactic acid market consists of five regions which are Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. Among these regions, the Asia Pacific region is estimated to surge at the highest CAGR over the estimated period 2017-2023 attributed to stable economy and continuous growth of the automotive as well as packaging industry.
The popular demand for polylactic acid is predicted to propel the market growth in the numerous countries of Asia Pacific such as Malaysia, China, India, Vietnam, Thailand, Singapore, South Korea, and Japan. High adoption rate by the automobile manufacturers and increasing demand for packaged foods including frozen meals and ready-to-eat meals that raises flexible packaging requirements, are expected to fuel the demand for PLA.
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Table Of Contents: -
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
5 Industry Overview Of Global Polylactic Acid Market
5.2 Growth Drivers
5.3 Impact Analysis
To Be Continue……
LIST OF FIGURES: -
FIGURE 1 Global Polylactic Acid Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Polylactic Acid Market
FIGURE 4 Value Chain Of Global Polylactic Acid Market
FIGURE 5 Share Of Global Polylactic Acid Market In 2016, By Country (In %)
FIGURE 6 Global Polylactic Acid Market, 2016-2023,
To Be Continue……
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