Polylactic Acid Market is projected to reach USD 2,657.8 million by 2022, growing at a CAGR of 16.3% from 2015 to 2022

In terms of revenue in 2014, the global industry for polylactic acid was calculated to be USD 825.0 million and is projected to reach USD 2,657.8 million by 2022, growing at a CAGR of 16.3% from 2015 to 2022. In 2014, in terms of volume the industry demand for polylactic acid was 375.0 kilo tons and is projected to reach 1,031.1 kilo tons by 2022 at a CAGR of 14.0% during the forecast period.
Rising demand from various end use applications along with expanding application use of polylactic acid is one of the major factor triggering the industry demand. Moreover, rising awareness about the properties and uses of PLA is another factor contributing towards industry growth. However, volatility in the prices of raw materials is one of the major factor restraining the industry growth. Untapped and emerging economies provides huge industry potentials. polylactic-acid-industry
By applications, in 2014, packaging segment accounted for major share of the pie in terms of volume and revenue and will maintain their dominance in the future. It is projected to grow at a CAGR of 14.5% from 2015 to 2022 in terms of volume. Construction materials and catering segments are projected to witness fastest growth rate during the forecast period from 2015 to 2022. Technical materials and agriculture segments are projected to witness moderate growth rate during the forecast period.
Europe is the largest industry for PLA followed by North America. In 2014, Europe accounted for 37% share of the industry pie. It is projected to maintain its dominance due to high demand and increasing environmental concerns. Europe was followed by North America and is projected to grow at a CAGR of 16.4% from 2015 to 2022 in terms of revenue. Availability of raw material in abundance is the major driver of PLA in this region. Asia Pacific is projected to be the fastest growing industry due to rising awareness supported by high spending power. RoW regions are projected to witness average growth rate during the forecast period.
Synbra, Nature Works, Pyramid, Uhde Inventa-Fischer, Teijin and Hisun are the major manufacturers of PLA.
About Us:
Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290

Comments

Post a Comment

Popular posts from this blog

Global Contraceptive Market Regulations and Competitive Landscape Outlook to 2022

According to a recently published report, the  Global Contraceptive Market   is expected to grow at the CAGR of 4.3% during 2015-2022 and it estimated to be $32.9 billion by 2022. The global contraceptive market is segmented on the basis of products, and geography. The report on global contraceptive market forecast 2015-2022 provides detailed overview and predictive analysis of the market. The global contraceptive market is expected to grow well during the forecasted period on the back of factors such as growing prevalence of sexually transmitted infections (STIs), such as HIV. The presence of high unmet contraceptive needs coupled with the implementation of favorable government policies is expected to significantly contribute towards the growth of the contraceptives industry. However various ethical and social issues restrict the use of contraceptives in some countries in Middle-East region. These are some factors restraining the market growth. Full report available Gobal Contra
Read more

Mining Chemicals Market to Register Substantial Expansion and Growth by 2025- Credence Research

The latest market report published by Credence Research, Inc. “ Mining Chemicals Market , By Product Type (Frothers, Flocculants, Collectors, Solvent Extractants, Grinding Aids and Others), By Application (Mineral Processing, Explosives & Drilling, Water & Wastewater Treatment and Others) and By Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) - Growth, Future Prospects and Competitive Analysis, 2017 - 2025,” the global mining chemicals market was valued at US$ 23.09 Bn in 2016, and is expected to each US$ 40.40 Bn by 2025, expanding at a CAGR of 6.9% from 2017 to 2025. Browse the full Mining Chemicals Market - Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at  http://www.credenceresearch.com/report/mining-chemicals-market Market Insights The global market for mining floating chemicals is gaining momentum with increasing consumption of metals from various end use industries such as oil & gas and construction a
Read more

Real Time Location System (RTLS) market is highly fragmented and technology driven

Image
According to a new industry report published by Credence Research Inc., “ Real Time Location System (RTLS) industry (By End-use Vertical (Healthcare, Transportation and Logistics, Industrial Manufacturing & Processing, Government, Hospitality, Retail, and Other End-use Verticals), By Technology (RFID, Wi-Fi, ZigBee and UWB, GPS, Ultrasound, Infrared, and Other Technologies)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 ”, the global real time location system industry is expected to grow at a CAGR of 38.6% during the forecast period 2015 to 2022. Industry Insights Real time location systems are technology driven systems that use tags and readers to identify, find, track, and manage the location of assets or people in real-time, generally within a confined area. To sustain profit margins and industry position, enterprises are increasingly turning towards technology for increasing their asset utilization and operational efficiency. However, e
Read more