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Polylactic Acid Market to Record Revenue and Ascending Growth by 2020 with Focusing Key Players like NatureWorks LLC, Synbra, Corbion Purac, Hisun Biomaterials, Nantong Jiuding Biological Engineering Co. Ltd

05-13-2020 10:06 PM CET | Energy & Environment

Press release from: Premium Market Insights

Polylactic Acid Market to Record Revenue and Ascending Growth

Polylactic acid (PLA) is a bio-degradable thermoplastic aliphatic polymer produced from lactic acid using various crops like corn, sugarcane, tapioca etc. as a raw material. Similar to other sustainable bioplastics, PLA has a huge market potential to be used in various packaging applications of food, beverages and other consumer product that have short shelf-life. Additionally, owing to its versatile characteristics, the material can be used in various high value applications in numerous end-user industries including textiles, constructions and automotive. Therefore, the production and consumption of the sustainable material is being facilitated by various governments around the world.

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Some of the key players of Polylactic Acid Market:

NatureWorks LLC, Synbra, Corbion Purac, Hisun Biomaterials, Nantong Jiuding Biological Engineering Co. Ltd, Chongqing bofei biochemical products co., ltd. and Futerro.

Increasing consumer awareness, government incentives and easy availability of raw materials are the major factors driving market growth. However, the cost of PLA is comparatively higher than synthetic plastics, thus becoming a primary restraining factor for the market growth.

The global PLA market has been segmented based on applications as packaging, agriculture, electronics, textiles, bio-medical and others. In 2014, packaging application garners the highest share of 65.2% in the in global PLA market. This is principally due to the unique mechanical, thermal and barrier properties of PLA, which makes it a suitable material for packaging applications. Based on geography, the global polylactic acid market has been segmented into North America, Europe, Asia-Pacific and LAMEA regions.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Polylactic Acid Market Size
2.2 Polylactic Acid Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Polylactic Acid Market Size by Manufacturers
3.2 Polylactic Acid Key Players Head office and Area Served
3.3 Key Players Polylactic Acid Product/Solution/Service
3.4 Date of Enter into Polylactic Acid Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Polylactic Acid Sales by Product
4.2 Global Polylactic Acid Revenue by Product
4.3 Polylactic Acid Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Polylactic Acid Breakdown Data by End User

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