Polylactic Acid Market Expected to Grow at a CAGR of 19.99% by 2021

Global Polylactic Acid Market 2018 to 2021 presents associate in-depth assessment of the Polylactic Acid together with sanctionative technologies, key trends, market drivers, challenges, standardization, regulative landscape, readying models, operator case studies, opportunities, future roadmap, price chain, scheme player profiles and methods. The report conjointly presents forecasts for Polylactic Acid investments from 2018 until 2021.

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.

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Companies Mentioned are:
BASF
Corbion
NatureWorks
Synbra Technology bv

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

The Global Polylactic Acid Market to Grow at a CAGR of 19.99% during the period 2017-2021

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 considers new installations and retrofit market.

Segmentation by product form and analysis of the polylactic acid market
Coatings
Films and sheets
Fibers

Segmentation by end-user and analysis of the polylactic acid market
Packaging industry
Textile industry
Electronics industry

The market is divided into the following segments based on geography: APAC, Europe, North America, ROW

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This independent 85 page report guarantees you will remain better informed than your competition. With over tables and figures examining the Polylactic Acid market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

Market Challenge in this Report:
- Lack of consumer awareness and acceptance
- For a full, detailed list, view our report

Market Trend in this Report:
- Increasing use of PLA by automotive manufacturers
- For a full, detailed list, view our report

Commenting on the report, an analyst from Industry Dataanalytics’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.

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Major points covered in Global Automotive Start-stop System Market2018 Research are:-
• What will the market size and the growth rate be in 2021?
• What are the key factors driving the Global Polylactic Acid market?
• What are the key market trends impacting the growth of the Global Polylactic Acid market?
• What are the challenges to market growth?
• Who are the key vendors in the Global Polylactic Acid market?
• What are the market opportunities and threats faced by the vendors in the Global Polylactic Acid market?
• What are the key outcomes of the five forces analysis of the Global Polylactic Acid market?

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.

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