Press release
Polyhydroxyalkanoate Market Research Study for the Period 2017 - 2027
On the basis of product segment, PHA can be classified as linear PHA and copolymerized PHA. Linear PHA finds major applications in pharmaceuticals and medical industries. Copolymerized PHA i.e. poly (3-hydroxybutyrate-co-3-hydroxyvalerate) (PBHA) is expected to witness demand as biodegradable packaging material since it exhibits higher toughness and better flexibility. General applications include food services and disposable items and in agriculture. The PHA market is currently in its initial phase and is expected to show good growth numbers in the near future. Asia-Pacific, Europe, North America, Africa and RoW are the major regions where the market for PHA is concentrated.
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One of the major driving factors for this market is a growing awareness towards the use of biodegradable materials. PHA is thermoplastic polyester based material and can be easily processed on conventional plastic machinery such as injection molding and extrusion process etc. This makes PHA very important in the market for its ease of processability. Sugarcane is currently the raw material of choice but industrial vegetable and soya bin oil are expected to be major materials in the next few years. Due to ready availability of raw material, large scale industries are investing capital on R&D of PHA. PHA production from municipal waste is expected to be future trend. As synthetic polymers are formed quickly as compare to biosynthesis, it may restrict the market.
Metabolix Inc., BioMatera Inc., Newlight Technologies, Meredian Inc., Tianjin Greenbio Materials Co. Ltd., LIC PHB Industrial S.A., Shenzhen Ecomann Biotechnology Co. Ltd., Polyferm Canada Inc. and Tianan Biologic Materials Co. Ltd. are some of the leading players in this market.
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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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