openPR Logo
Press release

Polylactic Acid Market showing a CAGR of 19.24%

08-25-2017 02:04 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: REPORTSANDMARKETS

/ PR Agency: REPORTSANDMARKETS
polylactic acid market, polylactic acid market size, polylactic acid market price, polylactic acid market report, poly lactic acid

polylactic acid market, polylactic acid market size, polylactic acid market price, polylactic acid market report, poly lactic acid

Reports And Markets Publish a New Market Research Report On –"Polylactic Acid Market - Segmented by Type, Application and Geography - Trends and Forecasts (2017 - 2022)"

Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1085946-polylactic-acid-market-segmented-by-type-forecasts-2017-2022

Global Polylactic acid market is currently valued at $2.21 billion in 2015 and is expected to reach $5.32 billion by 2020 showing a compound annual growth rate of 19.24%. In terms of tonnage, the global market was 521.23 kilotons in 2015 and is expected to reach 1210.5 kilotons by 2020.

Among all the regions in the world Asia Pacific is the fastest growing market for Polylactic acid accounting for a CAGR of 21.89% during the period (2017 - 2022) whereas Europe is the largest market in terms of revenue owing to the stringent regulations imposed on the use of synthetic plastic materials for packaging. Polylactic acid is a bio plastic derived from lactic acid which is again derived by fermentation of corn and other raw materials. It has the second highest consumption volume of any bio plastic in the world.

Polylactic acid is prepared by ring opening polymerization of lactide with various metal catalysts in solution, melt or suspension. It can also be prepared by direct condensation of lactic acid monomers. Polylactic acid demand is expected to rise due to the scarcity and volatility of prices of fossil fuels. Also due to the environmental concerns companies and regulatory bodies are focusing to find a substitute to oil based products. Bio based plastics has huge potential to reduce the consumption and dependency on petroleum based feedstock and lessen negative impact on environment by reducing carbon footprints.

Request For Sample Report @ https://www.reportsandmarkets.com/sample-request/1085946-polylactic-acid-market-segmented-by-type-forecasts-2017-2022

Polylactic acid market is segmented by application in rigid packaging, flexible film packaging, cold drink cups, cutlery, apparel and staple fiber, Injection molded products, bottles and Extrusion coatings. It is also segmented by end user industries namely Packaging, Biomedical, Transportation, Electronics, Agriculture, Textile and others. The key players in Polylactic acid market include BASF, Braschem, Eastman Chemicals, Natureworks, Nova Chemicals, Sinopec, Bayer, Cargil, Danimer Scientific, E.I duPont de Nemours, Exxonmobil, Futerro, Galactic, Henen Jindan Lactic acid technolog, Mitsubishi Chemical,Phusis, PTT Chemicals, Purac Biochem, Sulzer Chemtec, Synbra, Teijin, The Dow Chemical, Uhde Inventa-Fischer, Wei Mon Industry.

DRIVERS:

Growth is largely fueled by increasing applications, technological advancements, and growing demand in the developing countries in Asia Pacific such as China, India due to the large setup of Packaging, electronics, Textile industries. The demand of Polylactic acid also rises due to vast number of end user applications. The depletion of fossil fuel products serves as a great driver for Polylactic acid to serve as a substitute to oil based products. Favorable regulatory scenario for environmentally friendly products is also expected to give impetus to the global market over the given period of (2017 - 2022).

RESTRAINTS:

Polylactic acid products perform poor as compared to conventional plastics and this may provide a barrier to the growth of Polylactic acid market. Apart from this Economic cycles in any end-user industry affect the demand pattern for the given market. It may result in high demand for Polylactic acid products in one industry and relatively weak demand in another industry, based on the phase of the economic cycle of that industry. Also Price competitiveness and competition from conventional polymers also serve as a draw back for the growth of the market.

What the report contains

The report elucidates the situation of Polylactic acid around the world and studies its markets by end-user industry which include Packaging, Transportation, Biomedical, Electronics, Agriculture, Textiles and Others; and by Application Rigid Packaging, Flexible film packaging, Cold drink cups, Cutlery, Apparel and staple fiber, Injection molded products, Bottles and Extrusion coating among others.

Lastly, the report is divided by geography - North America, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 6 years.

Check Discount @ https://www.reportsandmarkets.com/check-discount/1085946-polylactic-acid-market-segmented-by-type-forecasts-2017-2022

For more information or any query mail at sales@reportsandmarkets.com

About Reports And Markets

Reports And Markets is part of the Algoro Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Are you mastering your market? Do you know what the market potential is for your product, who the market players are and what the growth forecast is? We offer standard global, regional or country specific market research studies for almost every market you can imagine.

Contact Person

Sanjay Jain

Manager - Partner Relations & International Marketing

info@reportsandmarkets.com

Ph: +1-214-377-1121 (US), +44-020-3286-9338 (UK)

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Polylactic Acid Market showing a CAGR of 19.24% here

News-ID: 685285 • Views:

More Releases from REPORTSANDMARKETS

Micro Hotels Market Is Expected to Boom | Nine Hours in Japan, Dean Hotel Dublin, Tommie Hotels NYC
Micro Hotels Market Is Expected to Boom | Nine Hours in Japan, Dean Hotel Dublin …
This report studies the Micro Hotels Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Micro Hotels Market analysis segmented by companies, region, type and applications in the report. New vendors in the market are facing tough competition from established international vendors
IT Consulting and Integration Services Market Overview by Advance Technology, Future Outlook 2028 - Fujistu Ltd., AT&T Business, Huawei Technologies Co., Ltd., Deloitte
IT Consulting and Integration Services Market Overview by Advance Technology, Fu …
This report studies the IT Consulting and Integration Services Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete IT Consulting and Integration Services Market analysis segmented by companies, region, type and applications in the report. The report offers valuable insight into the
Bumping Services Market Growth, Overview with Detailed Analysis 2022-2028| ASE Group, Amkor Technology, UMC, TFME, JCET, Union Semiconductor, HT-TECH, and more
Bumping Services Market Growth, Overview with Detailed Analysis 2022-2028| ASE G …
This report studies the Bumping Services market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Bumping Services market analysis segmented by companies, region, type and applications in the report. New vendors in the market are facing tough competition from established international vendors
Laser Powder Bed Fusion (LPBF) Technology Market Overview by Advance Technology, Future Outlook 2028- Höganäs, IRPD, BEAMIT Group, EOS, SLM Solutions, Trumpf, Renishaw
Laser Powder Bed Fusion (LPBF) Technology Market Overview by Advance Technology, …
This report studies the Laser Powder Bed Fusion (LPBF) Technology market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Laser Powder Bed Fusion (LPBF) Technology market analysis segmented by companies, region, type and applications in the report. New vendors in the market

All 5 Releases


More Releases for Polylactic

Polylactic Acid Prices: Global Trends, Index & Forecast 2025
Polylactic Acid Price Trends in APAC - Last Quarter Breakdown Polylactic Acid Prices in Thailand: During the previous quarter, Polylactic Acid Prices in Thailand experienced a notable decline, falling to around 2,500 USD/MT. This downward trend was primarily driven by an oversupply in the market, reduced lactic acid production costs, and weakening demand across key sectors. The Polylactic Acid Price Index reflected this bearish movement, further impacted by China's economic slowdown, which
Evolving Market Trends In The Polylactic Acid Industry: Technological Advancemen …
The Polylactic Acid Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]. What Is the Expected Polylactic Acid Market Size During the Forecast Period? The size of the polylactic acid market has seen a swift expansion recently. Its growth is projected to escalate from $1.36 billion in
How To Setup a Polylactic Acid Manufacturing Plant
Setting up a polylactic acid manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations. IMARC Group's report titled "Polylactic Acid Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a polylactic
Polylactic Acid Pricing News: Supply, Demand, and Regulatory Influences
𝗔𝗣𝗔𝗖 𝗣𝗼𝗹𝘆𝗹𝗮𝗰𝘁𝗶𝗰 𝗔𝗰𝗶𝗱 𝗣𝗿𝗶𝗰𝗲𝘀 𝗠𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗤𝟰 𝟮𝟬𝟮𝟰: 𝗣𝗼𝗹𝘆𝗹𝗮𝗰𝘁𝗶𝗰 𝗔𝗰𝗶𝗱 𝗣𝗿𝗶𝗰𝗲𝘀 𝗶𝗻 𝗧𝗵𝗮𝗶𝗹𝗮𝗻𝗱: The Polylactic Acid Price Trend in Thailand showed a decline during Q4 2024, with prices dropping to 2,500 USD/MT in December due to shifting market dynamics, including rising supply and weakening demand. Initially, steady demand from the sustainable packaging sector and stable production levels kept prices firm, but falling lactic acid prices reduced production costs, making polylactic acid more affordable.
Germany Polylactic Acid (PLA) Market Forecast 2024-2032
The Germany Polylactic Acid (PLA) Market is poised for significant growth in the coming years, projected to expand at a Compound Annual Growth Rate (CAGR) of 18.50% from 2024 to 2032. This burgeoning market is expected to achieve a substantial revenue figure by the year 2032, reflecting the increasing adoption of PLA in various applications due to its eco-friendly properties. Refer to the Report Summary Here: https://inkwoodresearch.com/reports/germany-polylactic-acid-market/?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR Polylactic Acid, known for being
Polylactic Acid Prices, Trend & Forecasts | Provided by Procurement Resource
Product Name - Polylactic Acid Molecular Weight - 148.205 g/mol Chemical Formula - (C3H4O2)n Synonyms - PLA, Polylactide Currency - US$ (Data can also be provided in local currency) Supplier Database Availability - Yes Customization Scope - Our services can be customized as per the requirements of the customer Post-Sale Analyst Support - 360-degree analyst support after service delivery Region/Countries for which Data is available Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea,