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North American Polylactic Acid (PLA) Market Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2025

02-21-2020 01:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

North American Polylactic Acid (PLA) Market

North American Polylactic Acid (PLA) Market

North American Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.6% during the forecast period. North America is one of the major markets in global PLA market. There is a wide application area of PLA in polymers which are being used as a substitute in major industries of the region such as automobile, medical, food packaging, electronics, aerospace, agriculture industry, and others. PLA is being used as one of the best biodegradable polymers for these applications. The polymer has remarkable chemical and mechanical properties to be used as a renewable and economical substitute for convention plastic parts.

Get Sample Copy of North American Polylactic Acid (PLA) Market at: https://www.omrglobal.com/request-sample/north-american-polylactic-acid-market

The companies in the market include BASF SE, Evonik Industries AG, NatureWorks LLC, and DuPont de Nemours, Inc., Inc. Corbion N.V., Mitsubishi Gas Chemical Co., Inc.

PLA polymers are being used in the automobile industry to manufacture air filter part, interior trim parts for aesthetic purpose and other interior and exterior parts of the automotive body. With the growth in automobile, food packaging, medical and agriculture industry of the region, the adoption is being reported in the US and Canada for PLA polymers. The automotive sector is one of the major sectors contributing to the PLA market in North America.

For More Information, get A full report of North American Polylactic Acid (PLA) Market is available at: https://www.omrglobal.com/industry-reports/north-american-polylactic-acid-market

The companies in the market include BASF SE, NatureWorks LLC, and DuPont de Nemours, Inc. To survive in the market, these players are adopting crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in June 2017, NatureWorks LLC signed an agreement with Plaxica's Optipure chemical processing technology to produce D-lactic acid, serving as a building block for a further range of performance Ingeo PLA grades. This agreement will enable the company to expand the range of efficient PLA products.

Market Segmentation

Market by Raw Material

o Corn-based PLA
o Sugar-based PLA
o Cassava-based PLA
o Others

Market by Application

o Packaging
o Construction Material
o Catering and Tableware
o Agricultural Material
o Consumer Goods
o Electronic Material
o Automobile
o Others

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/north-american-polylactic-acid-market

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

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