Table of Contents
Polylactic Acid (PLA) is thermoplastic polyester derived from renewable feedstock such as corn starch, sugarcane, wheat and tapioca roots. PLA products contain bio-based renewable constituents. The global PLA market is expected to reach a market size of $5.2 billion by 2020, growing at a CAGR of 19.5% during 2013 to 2020. Limited fossil fuel resources and rising petrochemical price are the key factors driving the market. Limited fossil fuel resources, is an important reason for governments and companies to find substitutes to crude oil based products. Growing environmental concerns and government regulations is further assisting in adoption of PLA by end users of final products as well as manufacturers in industries such as textile, packaging, transportation, electronics, etc. However, there are certain factors that are hindering the growth of the market. Though PLA is a bio-based material and can be degraded completely, it requires specific industrial composting system to get completely degraded. Moreover, there are other renewable packaging alternatives hitting the market, for example agricultural fiber products produced using natural fibers such as bamboo, bagasse, bulrush and palm fiber. These alternatives might restraint the market growth. Reinforcement of PLA with other materials creates huge opportunities for future. As natural fibers are low cost and degradable, it’s reinforcement with PLA leads to a material which is economical as well as ecological. New technologies are used to reinforce fiber in PLA so as to give it more strength and stiffness as well as many other features suitable for specific applications.
The report offers in-depth analysis of the global PLA market, segmented into raw materials, applications and geographiesQuantitative analysis of the current market and estimations through 2013-2020 Analysis of the market factors in various geographic regions that help to understand business opportunities in specific regionsIdentification of key investment pockets in various segments of the marketIdentification and analysis of key strategies followed by the key market players Identification of key application segments based on future growth prospectsTop factors that are expected to affect the growth of the market along with impact analysis of every such factorAnalysis and evaluation of market trends to provide deep-dive intelligence into every market segmentCompetitive analysis of key market players that would help to effectively plan and execute business plansMicro level analysis based on application, service and geography
Chemical Industry manufacturers and dealersPlastic and polymer manufacturersElectronic device manufacturersAgricultural research institutesTextile industry manufacturersBio-medical industry manufacturers and dealers
Get Industry Insights. Simply.
Talk to Ahmad
+1 718 618 4302
Global Strontium Market: Overview Strontium, an alkaline earth metal, ranks 15th in terms of abundance among elements found in the earth’s crust, occurring as Strontianite and Celestine mineral ores. ...
“The high-growth application areas such as personal care, pharmaceuticals, construction, and food ingredients are driving the consumption of cellulose ether & its derivatives market“ The global cellulose ...
“Increase in the production of nutrient rich food crops and sustainable and steady demands for sulfuric acid due to its diversified applications is driving the growth of the global sulfuric acid market” ...