Research and Markets: Global Polylactic Acid (PLA) Market 2015-2019: Key players Include BASF, Braschem, Eastman Chemicals, Natureworks, Nova Chemicals & Sinopec
March 24, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/zwwxjg/global_polylactic) has announced the addition of the “Global Polylactic Acid (PLA) Market 2015-2019” report to their offering.
The Global PLA market to grow at a CAGR of 19.97% over the period 2014-2019
The report, the Global PLA Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC region, Europe, and the ROW; it also covers the Global PLA market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
PLA is a lactic acid-based polymer and is biodegradable in nature. It is made from raw materials including corn, wheat, sugar cane, dextrose, lactic acid, and others. Basic raw materials are fermented to produce lactic acid, which is the key agent for developing PLA. The unique properties such as rigidity and transparency, and features similar to PET makes the material a potential substitute to petroleum-based plastics.
Production of Polylactic Acid (PLA) from lignocellulose feedstock is one of the major trends in the market, which offers a cost-effective and sustainable means of PLA production. Advances in technology and increased spending on R&D will facilitate market players to leverage this option.
According to the report, one of the major drivers that is expected to influence the market is the increased consumer preferences towards eco-friendly packaging. With growing consumer awareness, more and more retail outlets have started adopting biodegradable materials for packaging.
Further, the report states that high production costs will prove to be a major challenge, as crude oil-based polymers are less expensive when compared to PLA. Higher cost of raw materials and restricted availability of feedstock along with higher production costs of PLA is expected to hamper the market growth.
The applications of PLA are mainly in the following industries: Biodegradable Polymers, Food and Beverages, Medical and Pharmaceuticals, and Personal Care.
Key Vendors
- BASF
- Braschem
- Eastman Chemicals
- Natureworks
- Nova Chemicals
- Sinopec
Other Prominent Vendors
- Bayer
- Cargil
- Danimer Scientific
- E.I du Pont de Nemours
- ExxonMobil
- Futerro
- Galactic
- Henan Jindan Lactic Acid Technology
- Mitsubishi Chemical
- Phusis
- PTT Chemicals
- Purac Biochem
- Sulzer Chemtec
- Synbra
- Teijin
- The Dow Chemical
- Uhde Inventa-Fischer
- Wei Mon Industry
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Global PLA Market
- Market Segmentation by Application
- Market Segmentation by Product Form
- Market Segmentation by End-users
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/zwwxjg/global_polylactic
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