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Polylactic Acid (PLA) Market in Packaging, Textile, Agriculture, Transportation, Bio-Medical, Electronics and Others – Forecasts to 2020

April 1, 2014

DUBLIN, April 2, 2014 /PRNewswire/ –

Research and Markets (
http://www.researchandmarkets.com/research/8gwnv5/polylactic_acid) has announced the
addition of the “Polylactic Acid (PLA) Market in Packaging, Textile, Agriculture,
Transportation, Bio-Medical, Electronics and Others – Forecasts to 2020″
[http://www.researchandmarkets.com/research/8gwnv5/polylactic_acid ] report to their
offering.

(Logo:
http://photos.prnewswire.com/prnh/20130307/600769 )

Polylactic Acid Market is Expected to Reach $5.2 Billion Globally by 2020. According
to the research report, the global Polylactic Acid (PLA) market is expected to reach $5.2
billion by 2020 growing at a CAGR of 19.5% from 2013 to 2020. Asia Pacific will be the
fastest growing market at a CAGR of 21.6% during this period whereas Europe will maintain
its lead in terms of revenue till 2020, despite having a comparatively slower growth.

Governments across the globe have been instrumental in imposing ban on the use of
fossil fuel-based products such as plastic bags and are also providing incentives for
bio-based PLA production. Moreover, the rising petrochemical prices in association with
growing awareness for environment safety have been the prime contributors towards the
growth of Polylactic Acid market state analysts Sarah Clark and Ranjan Singh. The ongoing
research on reinforcement of PLA with other materials would bring opportunities for PLA
with much improved products in future. add the analysts.

Low-cost and easy availability of raw materials are key factors that are contributing
to the cost-effectiveness of PLA. The production costs are however, expected to further
reduce with research focused on identifying alternative sources of raw materials. On the
contrary, certain restraining factors too exist which will restrain the growth of PLA
market. Need for industrial composting to completely degrade PLA, will act as an important
restraint said Clark and Singh.

The report analyzes the global polylactic acid market under categories namely
application and raw materials. The applications category, it is further segmented as per
the sector in which PLA is utilized to manufacture the final product. These are Packaging,
Textile (Woven and non-woven), Electronics, Biomedical, Agriculture, and other such
applications. Packaging has been the largest application segment for PLA and will continue
to hold lead position during the forecast period; however, textiles and electronics will
be adopting PLA more rapidly. The raw materials analyzed in this report include, Corn,
Tapioca, Sugarcane and Wheat. Tapioca and sugarcane are the primary raw materials used by
PLA manufacturers all around the world.

Key Topics Covered:

CHAPTER 1. INTRODUCTION

CHAPTER 2. EXECUTIVE SUMMARY

CHAPTER 3. KEY FINDINGS: PLA MARKET STUDY

CHAPTER 4. GLOBAL PLA MARKET BY APPLICATION

CHAPTER 5. PLA PRODUCTION AND RAW MATERIALS

CHAPTER 6. PLA AND GEOGRAPHIC MARKETS

CHAPTER 7. COMPANY PROFILES

Companies Mentioned:

        - Bayer AG
        - Chemson Group
        - China Petroleum & Chemical Corporation (Sinopec)
        - Dow Chemical
        - DuPont Corporation
        - Eastman Chemical
        - Exxon Mobil Chemical
        - Mitsubishi Chemical Corporation (MCC)
        - Nova Chemicals Corporation
        - Nova Chemicals Corporation and Braskem S.A.

For more information visit

http://www.researchandmarkets.com/research/8gwnv5/polylactic_acid

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net


    Photo: 

http://photos.prnewswire.com/prnh/20130307/600769

SOURCE Research and Markets


Source: PR Newswire



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