Polyhydroxyalkanoate Market Emerging Market Trends, Size, Share and Growth Analysis 2016 - 2026

Polyhydroxyalkanoate is polymer synthesized with the help of bacteria by the fermentation of sugar or lipids. Plant and vegetable oils like soybean oil, palm oil are also used as raw materials for the production of Polyhydroxyalkanoate. Many biodegradable blends are produced from polyhydroxyalkanoate by blending it with other polymers. It has wide applications in packaging, healthcare, bio medical, agriculture and other industries. The biodegradable nature of Polyhydroxyalkanoate is proven to be very useful in bio medical industry. Government policies towards usability of environment friendly products, high demand due to expanding industries in developing countries and increasing prices for non-renewable materials like petroleum play vital role in global demand elevation for Polyhydroxyalkanoate.

Global Polyhydroxyalkanoate Market: Drivers and Restraints

Polyhydroxyalkanoate has wide applications in various industries and in turn acts as a better replacement for conventional synthetic polymer. The upcoming trend of bio plastic usability due to government support, consumer preference for environment friendly product and rising prices of oil and oil based products are some of the reasons to drive the demand for polyhydroxyalkanoate in upcoming times.

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The restraining factors for the global Polyhydroxyalkanoate supply are the performance issues and higher manufacturing cost over the synthetic polymer. Many big market players are still in the technology development phase to deal with the performance and cost issues. Considerable investment in Research and Development is expected and it would be crucial for the development of critical performance index of Polyhydroxyalkanoate at optimum production cost.

Global Polyhydroxyalkanoate Market: Segmentation

Global Polyhydroxyalkanoate market can be segmented into three types based on raw materials used (sources) for the production, end-use industry and region. Based on raw material used it is segmented as produced from natural sugar (like sugarcane, corn sugar, sugar beet), from Plant and Vegetable oil (like Soybean oil, Palm oil, Corn oil), from waste lipids and milk (currently in experimental phase).

The major players in Polyhydroxyalkanoate production are trying to widen the usable raw material band for the optimum production cost, for instance Meredian group is using canola oil as raw material for production. Along with increasing the production capacities, the major players like Meredian (U.S.), Eco Mann (China) are bringing in the innovative techniques to meet the specific demand of polyhydroxyalkanoate.

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Many large and medium scale industries are now developing on experimental and industrial manufacturing of polyhydroxyalkanoates. Some of the major players identified in Global Market are Meredian Inc. MHG, Metabolic, Inc., Newlight Technologies, LLC, Tianjin GreenBio Materials Co., Ltd., and Shandong Ecomann Technology Co., Ltd. Along with the others.

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