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Asia-Pacific Polylactic Acid (PLA) Market Trends 2019 | Segmentation, Outlook, Industry Report to 2025

01-11-2021 08:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Asia-Pacific Polylactic Acid (PLA) Market Trends 2019 |

Asia-Pacific Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 18.8% during the forecast period. There are numerous factors which are driving the growth of the PLA market in the region. This includes significant automobile production in the region and growing food processing packaging industry. The plastic market is rapidly expanding in the Asia-Pacific. The market is witnessing a dynamic growth specifically in the ASEAN countries including Thailand, Indonesia, Vietnam and the Philippines. Moreover, as a result of urbanization, growing demand for energy, climate change and technological advancements, plastic manufacturers are focusing on adopting the latest technology in order to manufacture advanced materials such as PLA.

Request a Free Sample of our Asia-Pacific Polylactic Acid (PLA) Market: https://www.omrglobal.com/request-sample/asia-pacific-polylactic-acid-market

Furthermore, the chemical industry in Asia-Pacific region is also witnessing a prominent growth owing to the presence of major chemical manufacturers, including BASF SE and DuPont de Nemours, Inc. in the region. The demand for advanced chemicals and polymers such as PLA is expected to increase significantly in the future years for application in automobile applications, which in turn, will likely drive the growth of the market in the region.

A full Report of Asia-Pacific Polylactic Acid (PLA) Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-polylactic-acid-market

Market Segmentation

By Raw Material
• Corn-based PLA
• Sugar-based PLA
• Cassava-based PLA
• Others
By Application

• Packaging
• Construction Material
• Catering and Tableware
• Agricultural Material
• Consumer Goods
• Electronic Material
• Automobile
• Others
Regional Analysis

• China
• India
• Japan
• Rest of Asia-Pacific

Company Profiles

• BASF SE
• Corbion N.V.
• DuPont de Nemours, Inc.
• LG Chem Ltd.
• Mitsubishi Gas Chemical Co., Inc.
• NatureWorks LLC
• RTP Co.
• Sulzer Ltd.
• ThyssenKrupp AG
• Toray Industries, Inc.
• Toyo Engineering Corp.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/asia-pacific-polylactic-acid-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +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.

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