Polylactic acid (PLA) can be synthesized by condensation as well as polymerization process. Polymerization technique is also known as ring-opening polymerization. It belongs to the family of aliphatic polyester commonly made from alpha-hydroxy acids and is considered as thermoplastic polyester. It possesses superior characteristics such as biodegradability and recyclability Grossiste Nike Air Max Typha , which make it suitable for the various end use applications such as consumer goods, electrical & electronics, automotive, textile, packaging, and others.
Get Exclusive Free Sample Copy @ Furthermore, increasing environmental concerns regarding the dumping of plastics in landfills is promoting the use of Polylactic Acid based products. Stringent regulations implemented by various government bodies regarding the use of non-biodegradable plastic is estimated to propel the growth of the market.
Competitive analysis
The major players operating in the polylactic acid market are BASF SE (Germany) Grossiste Nike Air Max Thea , The DOW Chemical Company (U.S.), Corbion (the Netherlands), TEIJIN LIMITED. (Japan), NatureWorks LLC (U.S.), Synbra Technology bv (the Netherlands), Galactic (Belgium), Sulzer Ltd (Switzerland) Grossiste Nike Air Max 90 Hyperfuse , Hitachi, Ltd. (Japan), Musashino Chemical Laboratory, Ltd. (Japan), and others.
Market Segmentation
The global polylactic acid market is classified on the basis of type, application, and region. Based on type Grossiste Nike Air Max 90 Ultra 2.0 Flyknit , the market is categorized into PLLA (Poly-L-lactic Acid), PDLA (Poly-D-lactic Acid), PDLLA (Poly-DL-lactic Acid). All of them possess slightly different characteristics but are produced from renewable resource.
Based on application, the market is categorized into automotive, textile, packaging, consumer goods Grossiste Nike Air Max 90 Ultra SE , electrical & electronics, and others. Other applications include agriculture and pharmaceutical. Among these, packaging holds the maximum share ~ 35% and is expected to continue its dominance over the forecast period on account of increasing awareness among consumers and plastic manufacturers regarding the environment.
Growth in the production of passenger vehicles and heavy-duty vehicles are expected to propel the lightweight automobile parts, likely to propel the polylactic acid market growth. Additionally, the robust growth of the electrical & electronics industry in developing countries is estimated to fuel the growth of the market. Moreover, technological transfer from developed countries along with high consumer demand in emerging economies are responsible for upcoming new set ups in the packaging, automotive Grossiste Nike Air Max 90 Ultra 2.0 Essential , textiles and electronics industries.
Regional Analysis
The Global Polylactic Acid Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. Among these, the Asia Pacific region is anticipated to grow at the highest CAGR over the estimated period 2017-2023 due to stable economy and continuous growth of the automotive as well as packaging industry.
Access Report @ Additionally, rising automotive production and sales as well as growing demand for household appliances in developing economies along with increasing disposable income of consumer is estimated to propel the growth of the market. Furthermore Grossiste Nike Air Max 90 Rouge , economic development in Asia Pacific, particularly China, India, and Vietnam, has presented opportunities for PLA in the transportation sector.
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