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  • August 2017
  • 129 pages
  • ID: 5067713


Table of Contents

The Global Polylactic acid market is anticipated to rise with a CAGR of 21.65% over the forecast period of 2017-2025. The market is primarily driven by factors such as a lack of fossil fuel resources, high petroleum prices, favorable government support, substantial end-user applications, rising environmental concerns and the increasing demand from developing countries.

The global polylactic acid market is segmented based on products and application. The product segment is further sub-segmented into coatings, films and sheets, and fibers. The films and sheets are the most popular sub-segment from the product type. The application segment includes catering, packaging, technical material, agriculture, construction materials, consumer goods etc. Of these, the market scope for packaging application is the highest.

The global Polylactic acid market is geographically segmented into North America, Europe, Asia Pacific, and the rest of the world. The North America region is expected to dominate the global market with the U.S being its primary contributor. The Asia-Pacific market is also fast growing owing to the application of polylactic acid in various sectors.

Natureworks LLC, BASF, Mitsubishi Chemical Holding Corporation, Zhejiang Hisun Biomaterials Co., Ltd, Futerro Sa, Synbra Holding Bv, Teijin Aramid B.V, Dow Chemicals, Thyssenkrupp Ag, Danimer Scientific (Merged By Meridian, Inc.), Green Dot Holdings Llc, Biobent Polymers, Innovia Films (Acquired By CCL Industries Inc.), Cereplast, Inc and Solegear Bioplastics Inc are some of the global market leaders for polylactic acid.

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