Press release
Growth in Polylactic Acid Market key competitors of companies with respect to their products, revenue, geographic presence and market positioning
The global polylactic acid market was valued at US$ 812.0 Mn in 2018 and is expected to reach US$ 1727.6 Mn by the end of the forecast period, growing at a CAGR of 16.3% during the period from 2018 to 2023.Several companies across the globe had marketed and manufactured corn-based plastic materials on a small scale. Among all the other countries, Japan was an early adopter of the polylactic acid technology. Some of the notable players operating in the market are NatureWorks LLC, Corbion Purac, Danimer Scientific, BASF SE, Futerro, Synbra Technology BV, Hitachi Ltd., and Pyramid technologies, among others
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The company profiles will include key information about companies including company description, base of operations, operational presence, product/business portfolio, employee strength, list of key stakeholders and board of directors, organizational structure, key competitors and their details, financial information such as revenue growth, profit margin, market capitalization, market positioning of key players, share price comparison, SWOT analysis, key developments, business strategies, and analysts’ views. The information for individual companies has been derived through financial reports, paid databases, and company news articles, among others.
The market growth is attributed to strategic mergers & acquisitions, geographical expansion, joint ventures & partnerships, and new product development and innovations, signing of agreements and contracts with other companies and regulatory bodies, in order to grab more market share and ensure long-term sustenance in the market. For instance, in 2018, BBCA Group, which is based in Bengbu, signed an agreement with Galactic Company on polylactic acid project, in order to increase the overall production capacity of the company.
In terms of production, NatureWorks has the highest production capacity among the other manufacturers, followed by Pyramid technologies. NatureWorks’ bio-based plastic resins were trademarked and named NatureWorks PLA for the lactic acid that consists of plant-based sugars. Additionally, by replacing petroleum, PLA resins has the benefit of being compostable and recyclable, which means it can be reprocessed into the same product. NatureWorks’ manufacturing techniques reduced the consumption of fossil fuels by 30 to 50 percent, when compared with oil-based traditional plastic resins.
Get up-to 50% discount on Polylactic Acid Market 2019: https://inforgrowth.com/requestdiscount/r/1011961/global-polylactic-acid-market-company-profiles-and-competitive-intelligence-report-2018
Recent Developments in the Market:
Corbion N.V.: In Dec 2018, the biochemical specialist Corbion and the oil giant Total launched the second largest bioplastic plant in Thailand. The new launch will facilitate the production of 75,000 tonnes of polylactic acid each year.
NatureWorks LLC: In June 2017, NatureWorks announced that it has signed a contract to license Plaxica's Optipure technology involved with chemical processing, in order to increase the production of D-lactic acid. The license offers NatureWorks to produce D-lactic acid at a low cost, which is the building block for different range of polylactic acid grades.
• Who are the key competitors of companies with respect to their products, revenue, geographical presence, and market positioning?
• How is a particular company performing against its competitors?
• What are the Strengths, Weaknesses, Opportunities, and Challenges for major companies in the market?
• What are the strategies for growth adopted by the companies in the market?
• What is the market positioning of the major players with respect to business strength and product portfolio?
• What are the recent trends in the market? (M&A, partnerships, new product developments, expansions)
• How is the market players’ presence with respect to region and segment?
• Who are the key customers of the market?
Enquire more about this report at: https://inforgrowth.com/enquiry/r/1011961/global-polylactic-acid-market-company-profiles-and-competitive-intelligence-report-2018
Related Reports on Polylactic Acid Market:
Global Polylactic Acid Market Full Report
Global Polylactic Acid Market Summary Report
Global Polylactic Acid Market Segmentation Report
Global Polylactic Acid Market Regional Report
Global Polylactic Acid Market Statbook
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