PUBLISHER: Inkwood Research | PRODUCT CODE: 1421478
PUBLISHER: Inkwood Research | PRODUCT CODE: 1421478
The Germany polylactic acid (PLA) market is evaluated to rise with a CAGR of 18.50% during the forecast years of 2024 to 2032. The use of polylactic acid (PLA) bioplastics is gaining significant traction in Germany, especially in the automotive sector, constituting visible interior components to under-the-hood elements.
The PLA market in Germany is experiencing substantial growth, aligning with the expansion of the automotive industry. Polylactic acid-based products have gained significant traction, being extensively utilized in both the interior and exterior components of vehicles. Germany, being a key player in the European automotive market with numerous manufacturing units, serves as a major driver for the growth of the polylactic acid market.
On the other hand, polylactic acid finds wide-ranging applications in the automotive sector, including visible interior parts and under-the-hood components. As the automotive industry in Germany holds a prominent position in Europe, the demand for polylactic acid in this market is substantial. These factors, in turn, are set to boost the market growth in Germany during the forecast period.
Some of the key companies operating in the Germany polylactic acid (PLA) market are: Mitsubishi Chemical Holding Corporation, Teijin Ltd, Innovia Films, etc.