Polylactic Acid Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Raw Material (Corn, Cassava, Sugarcane and Sugar Beet, Others); Form (Fiber, Films and Sheets, Coatings, Others); Application (Packaging, Automotive, Medical, Electronics, Agriculture, Textiles, Others)
Report Code: TIPRE00003569 | No. of Pages: 150 | Category: Chemicals and Materials | Status: Upcoming
MARKET INTRODUCTION
Polylactic acid or PLA is mainly manufactured through two different processes, namely, condensation and polymerization. It is derived from biomass like sugarcane or corn starch and is therefore known as bioplastics. Polylactic acids find wide applicability in plastic films, bottles, and medical devices. Production of polylactic acid represents cost-efficient and non-petroleum plastic production. Polylactic acid is increasingly being used as an alternative for oil-based products due to environmental concerns and scarcity and volatile prices of fossil fuel.
MARKET DYNAMICS
Global polylactic acid market is expected to witness high growth in the forecast period owing to governmental policies favoring bio-plastics coupled with growing demands for bio-plastic packaging. Moreover, the demands for cellulose-derived fibers in the textile industry propel the polylactic acid market growth. However, difficult disposal of PLA, price competitiveness, and availability of cheaper alternatives hinder the market growth. The market is likely to showcase growth opportunities for the untapped markets of 3D printing and growing production of GM crops during the forecast period.
MARKET SCOPE
The "Global Polylactic Acid Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of polylactic acid market with detailed market segmentation by raw material, form, application, and geography. The global polylactic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polylactic acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global polylactic acid market is segmented on the basis of raw material, form, and application. Based raw material, the market is segmented as corn, cassava, sugarcane & sugar beet, and others. On the basis of the form, the market is segmented as fiber, films & sheets, coatings, and others. The market on the basis of the application is classified as, packaging, automotive, medical, electronics, agriculture, textiles, and others.
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REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global polylactic acid market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The polylactic acid market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting polylactic acid market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the polylactic acid market in these regions.
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MARKET PLAYERS
The reports cover key developments in the polylactic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from polylactic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for polylactic acid in the global market. Below mentioned is the list of few companies engaged in the polylactic acid market.
The report also includes the profiles of key polylactic acid companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- BASF SE
- Bayer AG
- Corbion
- Danimer Scientific
- DowDuPont
- Eastman Chemical Company
- Futerro
- Henan Jindan Lactic Acid Technology Co., Ltd
- Mitsubishi Chemical Corporation
- NatureWorks LLC
The List of Companies
1. BASF SE
2. Bayer AG
3. Corbion
4. Danimer Scientific
5. DowDuPont
6. Eastman Chemical Company
7. Futerro
8. Henan Jindan Lactic Acid Technology Co., Ltd
9. Mitsubishi Chemical Corporation
10. NatureWorks LLC
1. BASF SE
2. Bayer AG
3. Corbion
4. Danimer Scientific
5. DowDuPont
6. Eastman Chemical Company
7. Futerro
8. Henan Jindan Lactic Acid Technology Co., Ltd
9. Mitsubishi Chemical Corporation
10. NatureWorks LLC
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