Global Polylactic Acid Market by Application (Packaging, Fibers, Injection Molding, Others), by Geography (North America, Europe, Asia-Pacific, RoW) - Analysis and Forecast to 2019
Polylactic acid (PLA) is a biodegradable thermosetting polymer, which is widely used in packaging, automotive, and agriculture industry. Diversified applications of PLA in various industries are driving its demand across the globe. In addition, stringent regulations favoring the use of bio-plastic are also contributing to the rising demand for PLA worldwide. However, there are various alternatives for PLA, for instance agricultural fibers, which may hamper the growth of PLA market in coming years.
The global PLA market is witnessing growth, which is expected to continue in future as well. Considerable investments have been made by various market players to expand in the PLA market. North America dominated the global PLA market, having accounted for a share of 46.3% in 2014. The PLA market in this region is expected to grow in future, mainly driven by the government regulations favoring the use of bio-plastics.
This market research study provides a detailed qualitative and quantitative analysis of the global PLA market. Various secondary sources, such as encyclopedia, directories, industry journals, and databases were used to identify and collect information useful for this extensive, commercial study of the PLA market. The primary sources include experts from related industries and suppliers who were interviewed to obtain and verify critical information as well as to assess the future prospects of the market.
The report includes a detailed competitive landscape of the market. Leading players of this industry with their recent developments and other strategic industry activities are also covered in the report. NatureWorks LLC (U.S.), Teijin Limited (Japan), BASF SE (Germany), Corbion N.V. (Netherlands), Synbra Technology B.V. (Netherlands), Nantong Jiuding Biological Engineering Co., Ltd. (China), Sulzer AG (Switzerland), ThyssenKrupp AG (Germany), Futerro (Belgium), and The Dow Chemical Company (U.S.) are some of the key players in this global market.
Scope of the Report:
This research report categorizes the global market for PLA on the basis of application and geography along with forecast volume, value, and analysis of trends in each of the sub-markets.
On the Basis of Application:
- Injection Molding
On the Basis of Geography:
- North America
1.1. ANALYST INSIGHTS
1.2. MARKET DEFINITIONS
1.3. MARKET SEGMENTATION & ASPECTS COVERED
2. RESEARCH METHODOLOGY
2.1. ARRIVING AT GLOBAL POLYLACTIC ACID MARKET SIZE
2.2. MARKET SIZE ESTIMATION
2.3. TOP DOWN APPROACH
2.4. BOTTOM UP APPROACH
2.5. DEMAND (CONSUMPTION) SIDE ANALYSIS
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.2. VALUE-CHAIN ANALYSIS
4.3. PARENT MARKET COMPARISON
4.4. MARKET DYNAMICS
4.4.1. MARKET DRIVERS
5. GLOBAL POLYLACTIC ACID MARKET, BY APPLICATION
6. GLOBAL POLYLACTIC ACID MARKET, BY GEOGRAPHY
6.3. NORTH AMERICA
7. GLOBAL POLYLACTIC ACID MARKET, COMPANY PROFILE
7.1. DUPONT CORPORATION
7.2. EASTMAN CHEMICAL COMPANY
7.3. MITSUBISHI CHEMICAL CORPORATION
7.4. DOW CHEMICAL’S CORPORATION
7.5. HITACHI, LTD.
7.6. BASF SE
7.7. TEIJIN LIMITED
7.8. SULZER LTD
7.9. NATUREWORKS LLC
7.10 DANIMER SCIENTIFIC LLC (MHG)
Polylactic acid (PLA) is a biodegradable thermosetting resin, manufactured from lactic acid. It is primarily used to manufacture packaging products, such as bottles, consumer goods, food packaging, and others. It has better properties as compared to petroleum-based products and offers high performance, which in turn contributes to its increasing demand from various end-user industries, such as remodeling/ construction, automobile, consumer goods.
The global PLA market, by application, was valued at $304.9 million in 2014, which is projected to reach $851.5 million by 2019, at a CAGR of 22.8% during 2014-2019. The rising demand for PLA from end-use industries and increasing initiatives of the companies to expand their bio-based product portfolio is contributing to the growth of the global PLA market.
The regions covered in this report include North America, Europe, Asia-Pacific, and RoW. North America dominated the global PLA market in terms of volume, having accounted for a share of 46.3% in 2014.
Based on applications, the global PLA market is segmented into packaging, fibers, injection molding, and others. The packaging segment accounted for the largest share of 54.6% in 2014. Increasing demand for packaging from various industries, such as food & beverage, medical, and others is driving the growth of the PLA market.
Key players operating in the global PLA market include NatureWorks LLC (U.S.), Teijin Limited (Japan), BASF SE (Germany), Corbion N.V. (Netherlands), Synbra Technology B.V. (Netherlands), Nantong Jiuding Biological Engineering Co., Ltd. (China), Sulzer AG (Switzerland), ThyssenKrupp AG (Germany), Futerro (Belgium), and The Dow Chemical Company (U.S.).
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Polylactic Acid Films and Sheet
Polylactic Acid Films and Sheet and Polylactic Acid Fiber,
Polylactic Acid Fiber
Polylactic Acid Fiber and Polylactic Acid Films and Sheet,
Polylactic Acid Elastomers
Polylactic Acid Elastomers and Polylactic Acid Films and Sheet,
Polylactic Acid Foam
Polylactic Acid Foam and Polylactic Acid Films and Sheet,
Polylactic Acid Plastics (Molded)
Polylactic Acid Plastics (Molded) and Polylactic Acid Films and Sheet,
Biaxially Oriented Polylactic Acid
Biaxially Oriented Polylactic Acid and Non-Oriented Polylactic Acid adds up to total
Non-Oriented Polylactic Acid
Non-Oriented Polylactic Acid and Biaxially Oriented Polylactic Acid adds up to total
Molded Polylactic Acid
Molded Polylactic Acid and Extruded Polylactic Acid and
Extruded Polylactic Acid
Extruded Polylactic Acid and Molded Polylactic Acid and
Calendered Polylactic Acid
Calendered Polylactic Acid and Molded Polylactic Acid and