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Polylactic Acid (PLA) Market | Growth, Forecast and Industry Analysis
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Polylactic acid (PLA) is an aliphatic polyester made up of lactic acid (2-hydroxy propionic acid) building blocks. It is also a biodegradable and compostable thermoplastic derived from renewable plant sources, such as starch and sugar. PLA can be processed through different production lines including injection molding, blow molding, thermoforming or extrusion, and further used to produce various items such as plastic films, bottles, and biodegradable medical devices.
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Polylactic Acid (PLA) industry is a sunrise industry, the breakpoint for blooming is coming. However, due to the technical barrier and the risk of uncertain breakpoints of downstream demand, the manufacturing end has a very high concentration with NatureWorks’ accounting for the largest share of 76.81% in 2017.
The leading companies, such as NatureWorks, have gained good reputation from customers, Although Chinese manufacturers are enlarging the market share through releasing more capacity, the country is still puzzled by the low-end Polylactic Acid (PLA). It is necessary for Chinese manufacturers to improve their technology to provide high-performance products to customers.
As for regions, USA is the largest production base of PLA definitely, followed by China, with 12.05% production market share in 2017. When considering the consumption level, USA is also the largest consumer. In 2017, about 74319 MT PLA was consumed in the region.
In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Polylactic Acid (PLA).
This report researches the worldwide Polylactic Acid (PLA) market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Polylactic Acid (PLA) breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
o NatureWorks
o Synbra Technology
o Teijin
o Toray
o Futerro
o Toyobo
o Sulzer
o Uhde Inventa-Fischer
o Hisun Biomaterials
o Shanghai Tongjieliang
o Jiuding Biological Engineering
o Shenzhen Esun Industrial
Polylactic Acid (PLA) Breakdown Data by Type
o Poly(L-lactic)acid
o Poly(D-lactic)acid
o Poly(DL-lactic)aci
Polylactic Acid (PLA) Breakdown Data by Application
o Food & Beverage Packaging
o Serviceware
o Electronics & Appliances
o Medical & Hygiene
o Other
Polylactic Acid (PLA) Production Breakdown Data by Region
o United States
o Europe
o China
o Japan
o Other Regions
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