PUBLISHER: Lucintel | PRODUCT CODE: 1107168
PUBLISHER: Lucintel | PRODUCT CODE: 1107168
Polylactic Acid Market Trends and Forecast
The future of the polylactic acid market looks promising with opportunities in the packaging, bio-medical, textile, agriculture, and electronics industries. The global polylactic acid market is expected to reach an estimated $5.6 billion by 2027 with a CAGR of 18% from 2021 to 2027. The major drivers for this market are increasing government regulation and environment friendly and better mechanical properties as compared to other biopolymers.
Emerging Trends in the Polylactic Acid Market
Emerging trends, which have a direct impact on the dynamics of the industry, include development of high heat resistant polylactic acid and production of PLA from second generation feedstock.
A total of 107 figures / charts and 68 tables are provided in this 242-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the polylactic acid market report, please download the report brochure.
Polylactic Acid Market by Segment
Polylactic Acid Market by Product Type [Volume (M lbs) and $M shipment analysis for 2016 - 2027]:
Polylactic Acid Market by End Use [Volume (M lbs) and $M shipment analysis for 2016 - 2027]:
Polylactic Acid Market by Raw Material [Volume (M lbs) and $M shipment analysis for 2016 - 2027]:
Polylactic Acid Market by Product Form [Volume (M lbs) and $M shipment analysis for 2016 - 2027]:
Polylactic Acid Market by Region [Value ($M) shipment analysis for 2016 - 2027]:
List of Polylactic Acid Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies polylactic acid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polylactic acid companies profiled in this report includes.
Polylactic Acid Market Insight
Features of Polylactic Acid Market
FAQ
Q1. What is the polylactic acid market size?
Answer: The global polylactic acid market is expected to reach an estimated $5.6 billion by 2027
Q2. What is the growth forecast for polylactic acid market?
Answer: The polylactic acid market is expected to grow at a CAGR of 18% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the polylactic acid market?
Answer: The major drivers for this market are increasing government regulation, environment friendly and better mechanical properties as compared to other biopolymers.
Q4. What are the major applications or end use industries for facial cleanser?
Answer: Packaging and bio-medical use are the major end use industries for polylactic acid market.
Q5. What are the emerging trends in polylactic acid market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include development of high heat resistant polylactic acid and production of PLA from second generation feedstock.
Q6. Who are the key polylactic acid companies?
Answer: Some of the key polylactic acid companies are as follows:
Q7.Which polylactic acid product segment will be the largest in future?
Answer: Lucintel forecasts that the L-lactic product type is expected to remain the largest market and will witness highest growth during the forecast period due to its increasing usage in packaging, biomedical, textile, and agriculture industry.
Q8: In polylactic acid market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
1.Executive Summary