DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6sxhpq/global_polylactic) has announced the addition of the "Global Polylactic Acid Market by Application and by Geography - Analysis and Forecast to 2019" report to their offering.
The global PLA market, by application, was valued at $304.9 million in 2014, which is projected to reach $851.5 million by 2019, at a CAGR of 22.8% during 2014-2019.
Polylactic acid (PLA) is a biodegradable thermosetting resin, manufactured from lactic acid. It is primarily used to manufacture packaging products, such as bottles, consumer goods, food packaging, and others. It has better properties as compared to petroleum-based products and offers high performance, which in turn contributes to its increasing demand from various end-user industries, such as remodeling/ construction, automobile, consumer goods.
The global PLA market is witnessing growth, which is expected to continue in future as well. Considerable investments have been made by various market players to expand in the PLA market. North America dominated the global PLA market, having accounted for a share of 46.3% in 2014. The PLA market in this region is expected to grow in future, mainly driven by the government regulations favoring the use of bio-plastics.
The report includes a detailed competitive landscape of the market. Leading players of this industry with their recent developments and other strategic industry activities are also covered in the report.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Global Polylactic Acid Market, By Application
6 Global Polylactic Acid Market, By Geography
7 Global Polylactic Acid Market: Competitive Landscape
8 Global Polylactic Acid Market, By Company
- BASF SE
- Corbion N.V.
- Nantong Jiuding Biological Engineering Co., Ltd.
- Natureworks LLC
- Sulzer AG
- Synbra Technology B.V.
- Teijin Limited
- The DoW Chemical Company
- Thyssenkrupp AG
For more information visit http://www.researchandmarkets.com/research/6sxhpq/global_polylactic