Global PLA market to grow at a CAGR of 19.97% over the period 2015 - 2019; Finds New Report

Report forecast the Global PLA market to grow at a CAGR of 19.97 percent over the period 2014-2019.

PLA is a lactic acid-based polymer and is biodegradable in nature. It is made from raw materials including corn, wheat, sugar cane, dextrose, lactic acid, and others. Basic raw materials are fermented to produce lactic acid, which is the key agent for developing PLA. The unique properties such as rigidity and transparency, and features similar to PET makes the material a potential substitute to petroleum-based plastics. The applications of PLA are mainly in the following industries: Biodegradable Polymers, Food and Beverages, Medical and Pharmaceuticals, and Personal Care.

This report covers the present scenario and the growth prospects of the Global PLA market for the period 2015-2019. The report provides data on the market based on the following:

• Application
• Product Form
• End-use
• Geography

According to the lead analyst of this report,the production of Polylactic Acid (PLA) from lignocellulose feedstock is one of the major trends in the market, which offers a cost-effective and sustainable means of PLA production. Advances in technology and increased spending on R&D will facilitate market players to leverage this option.

According to the report, one of the major drivers that is expected to influence the market is the increased consumer preferences towards eco-friendly packaging. With growing consumer awareness, more and more retail outlets have started adopting biodegradable materials for packaging.

Further, the report states that high production costs will prove to be a major challenge, as crude oil-based polymers are less expensive when compared to PLA. Higher cost of raw materials and restricted availability of feedstock along with higher production costs of PLA is expected to hamper the market growth.

The Global PLA Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC region, Europe, and the ROW; it also covers the Global PLA market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

This report covers the following companies as the key players in the Global PLA Market: BASF SE, Galactic SA, NatureWorks LLC, Purac biochem BV, Pyramid Bioplastics Guben GmbH and Synbra BV.

Other Prominent Vendors in the market are: Bayer, Cargil, Danimer Scientific, E.I du Pont de Nemours, Eastman Chemicals, ExxonMobil, Futerro, Galactic SA, Henan Jindan Lactic Acid Technology, Mitsubishi Chemicals, Phusis, PTT Chemicals, Purac Biochem, Sulzer Chemtec, Synbra BV, Teijin, The Dow Chemicals, Uhde Inventa-Fischer and Wei Mon Industry.

Key Regions

• Americas
• APAC
• Europe
• ROW

Market Driver

• Growing End-User Applications
• For a full, detailed list, view our report

Market Challenge

• Price Competitiveness and Competition from Conventional Polymers
• For a full, detailed list, view our report

Market Trend

• Production of PLA from Lignocellulose Feedstock
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 86 pages, “Global Polylactic Acid (PLA) Market 2015 - 2019” report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Global PLA Market, Market Segmentation by Application, Market Segmentation by Product Form, Market Segmentation by End-users, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://mrr.cm/4pB

Find all Specialty Chemicals Reports at: http://www.marketresearchreports.com/specialty-chemicals