Polyhydroxyalkanoate (PHA) Market worth 34,000 MT By 2018
DALLAS, April 30, 2013 /PRNewswire/ –
The report “Polyhydroxyalkanoate (PHA) Market, By Application (Packaging, Food
Services, Bio-medical, Agriculture) & Raw Material – Global Tends & Forecasts to 2018″,
defines and segments the global PHA Market with analysis and forecasting of the global
revenue and consumption. PHA market consumption will grow from an estimated 10,000 MT in
2013 to 34,000 MT by 2018, with a CAGR of 27.7% from 2013 to 2018.
- 59 Market Data Tables - 36 Figures - 195 Pages and an in-depth Table of Content on "Polyhydroxyalkanoate (PHA) Market".
Early buyers will receive 10% customization on this report.
The increasing demand for renewable and bio-based materials and shift in consumer
preference for eco-friendly products is driving the global market of PHA (
Polyhydroxyalkanoate) polymer. PHA has been commercialized and used across packaging, food
services, bio-medical, and agriculture industries. Packaging is the largest consumer of
PHA followed by food services. Bio-medical applications offer the highest growth during
the next five years. PHA would continue to be used as biodegradable controlled antibiotic
release system, making it ideal for bio-medical applications such as manufacturing
implants, sutures, and other medical equipment.
The global PHA market is consolidated in nature as it is still in its infancy. The
market has only few players but it has been making rapid technological advancement along
with increased investments in RD.
The top companies in the PHA business include:
- Metabolix Inc. (U.S.) - Meredian Inc. (U.S.) - Biomer (Germany) - Tianjin GreenBio Materials Co. Ltd (China), and - Shenzhen Ecomann Technology Co. Ltd (China).
U.S-based Metabolix and Chinas Shenzhen Ecomann Technology have the maximum number of
developments and have been using expansion and new product developments as their top
The current market scenario for PHA shows that the manufacturing plants are
underutilized due to low demand and lack of commercial applications. Research and
innovation will enhance the critical properties of PHA in the near future. As the
industrialization process of PHA continues to progress and manufacturing technology
remains optimized, the product quality will become more stable. All this will drive the
cost of PHA to a level that will make it an ideal alternative for conventional polymers.
The global Polyhydroxyalkanoate (PHA)Market
[http://www.marketsandmarkets.com/Market-Reports/pha-market-395.html ] is analyzed in terms
of consumption (MT) and revenue ($) for all regions. Consumption and revenues for each
region have been broken down by applications such as packaging, food services,
bio-medical, agriculture, and others. The other applications include electronic,
automotive, chemicals, and domestic goods.
The report details the present manufacturing capacity of PHA producers along with the
current and future estimates of their capacity utilization. It identifies various sources
of PHA production along with their respective market shares. It also focuses on market
share analysis, and market metrics such as drivers, restraints, opportunities, and winning
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