DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/p445sn/polylactic_acid) has announced the addition of the "Global Polylactic Acid (PLA) Market Report, 2020: Packaging, Textile, Agriculture, Transportation, Bio-Medical, Electronics and Others" report to their offering.
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.
Polylactic Acid (PLA) is thermoplastic polyester derived from renewable feedstock such as corn starch, sugarcane, wheat and tapioca roots. PLA products contain bio-based renewable constituents. Limited fossil fuel resources and rising petrochemical price are the key factors driving the market. Limited fossil fuel resources, is an important reason for governments and companies to find substitutes to crude oil based products. Growing environmental concerns and government regulations is further assisting in adoption of PLA by end users of final products as well as manufacturers in industries such as textile, packaging, transportation, electronics, etc.
However, there are certain factors that are hindering the growth of the market. Though PLA is a bio-based material and can be degraded completely, it requires specific industrial composting system to get completely degraded. Moreover, there are other renewable packaging alternatives hitting the market, for example agricultural fiber products produced using natural fibers such as bamboo, bagasse, bulrush and palm fiber. These alternatives might restraint the market growth. Reinforcement of PLA with other materials creates huge opportunities for future. As natural fibers are low cost and degradable, it's reinforcement with PLA leads to a material which is economical as well as ecological. New technologies are used to reinforce fiber in PLA so as to give it more strength and stiffness as well as many other features suitable for specific applications.
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
- 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/p445sn/polylactic_acid