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Lactic Acid and Poly Lactic Acid (PLA) IndustryDescription
Polylactide (PLA) is a biodegradable and bioactive thermoplastic aliphatic polyester derived from renewable resources, such as corn starch (in the United States and Canada), cassava roots, chips or starch (mostly in Asia), or sugarcane (in the rest of the world). In 2010, PLA had the second highest consumption volume of any bioplastic of the world.
The use of lactic acid in the manufacture of biodegradable plastics is one of the key growth factors of the lactic acid market. Rising environmental concerns due to dumping of plastics in landfills is promoting the use of bioplastics, which is indirectly benefitting the lactic acid market. Lactic acid is a carboxylic acid that is used across a host of end-use industries owing to its chemical properties. The increasing application of polylactic acid in the packaging industry is estimated to fuel growth of the polylactic acid market in the following years. The introduction of bio-based plastics and their increased usage in the food and beverage industry is expected to extend growth opportunities for the polylactic acid market in the near future. Polylactic is one of the most sought-after bioplastics and is an effective substitute to traditional petroleum-based plastics. Rising crude oil price are also estimated to drive the global PLA demand over the forecast period, owing to reduced dependency on traditional petroleum based products. North America is the largest market for global lactic acid & poly lactic acid market. Changing lifestyles along with rising consciousness regarding the enhancement of the overall personality of an individual in various countries including India, China, Malaysia, and Sri Lanka is expected to drive the global cosmetics market, which in turn is likely to spur growth.
The global Lactic Acid and Poly Lactic Acid (PLA) market was valued at 700 million US$ in 2018 and will reach 2510 million US$ by the end of 2025, growing at a CAGR of 20.1% during 2019-2025.
This report focuses on Lactic Acid and Poly Lactic Acid (PLA) volume and value at global level, regional level and company level. From a global perspective, this report represents overall Lactic Acid and Poly Lactic Acid (PLA) market size by analyzing historical data and future prospect.
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For each manufacturer covered, this report analyzes their Lactic Acid and Poly Lactic Acid (PLA) manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
BASF
Danimer Scientific
Henan Jindan Lactic Acid Technology
Synbra Technology
Dow Chemical
Corbion
Natureworks
Teijin
Wei Mon Industry
Segmental Analysis
The research report includes segmentation of the Coating Equipment market based on various factors such as product or service type, application, end use, deployment, along with a regional segmentation. The segment-wise analysis of the Coating Equipment market helps to provide a detailed and accurate perspective of the market in terms of growth and consumer behaviour according to the segment. Geographically, the report splits the market into different regions and provides an in-depth view of the performance of each region in terms of sales revenue, past consumption and future prospects, vis a vis the others on a global scale.
Segment by Type
Lactic Acid
Poly Lactic Acid (PLA)
Segment by Application
Industrial
Personal Care
Packaging
Petroleum Based Products
Textiles
Research Methodology
The research methodology adopted for this report includes market research tools such as Porter’s Five Forces Model and an in-depth SWOT analysis to analyse this market during the projected assessment period, based on historical market research data, and enable the target audience for this study, to make better and more informed decisions with regard to this market.
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Table of Contents
Executive Summary
1 Industry Overview of Lactic Acid and Poly Lactic Acid (PLA)
1.1 Definition of Lactic Acid and Poly Lactic Acid (PLA)
1.2 Lactic Acid and Poly Lactic Acid (PLA) Segment by Type
1.2.1 Global Lactic Acid and Poly Lactic Acid (PLA) Production Growth Rate Comparison by Types (2014-2025)
1.2.2 Lactic Acid
1.2.3 Poly Lactic Acid (PLA)
1.3 Lactic Acid and Poly Lactic Acid (PLA) Segment by Applications
1.3.1 Global Lactic Acid and Poly Lactic Acid (PLA) Consumption Comparison by Applications (2014-2025)
1.3.2 Industrial
1.3.3 Personal Care
1.3.4 Packaging
1.3.5 Petroleum Based Products
1.3.6 Textiles
1.4 Global Lactic Acid and Poly Lactic Acid (PLA) Overall Market
1.4.1 Global Lactic Acid and Poly Lactic Acid (PLA) Revenue (2014-2025)
1.4.2 Global Lactic Acid and Poly Lactic Acid (PLA) Production (2014-2025)
1.4.3 North America Lactic Acid and Poly Lactic Acid (PLA) Status and Prospect (2014-2025)
1.4.4 Europe Lactic Acid and Poly Lactic Acid (PLA) Status and Prospect (2014-2025)
1.4.5 China Lactic Acid and Poly Lactic Acid (PLA) Status and Prospect (2014-2025)
1.4.6 Japan Lactic Acid and Poly Lactic Acid (PLA) Status and Prospect (2014-2025)
1.4.7 Southeast Asia Lactic Acid and Poly Lactic Acid (PLA) Status and Prospect (2014-2025)
1.4.8 India Lactic Acid and Poly Lactic Acid (PLA) Status and Prospect (2014-2025)
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8 Lactic Acid and Poly Lactic Acid (PLA) Major Manufacturers Analysis
8.1 BASF
8.1.1 BASF Lactic Acid and Poly Lactic Acid (PLA) Production Sites and Area Served
8.1.2 BASF Product Introduction, Application and Specification
8.1.3 BASF Lactic Acid and Poly Lactic Acid (PLA) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.1.4 Main Business and Markets Served
8.2 Danimer Scientific
8.2.1 Danimer Scientific Lactic Acid and Poly Lactic Acid (PLA) Production Sites and Area Served
8.2.2 Danimer Scientific Product Introduction, Application and Specification
8.2.3 Danimer Scientific Lactic Acid and Poly Lactic Acid (PLA) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.2.4 Main Business and Markets Served
8.3 Henan Jindan Lactic Acid Technology
8.3.1 Henan Jindan Lactic Acid Technology Lactic Acid and Poly Lactic Acid (PLA) Production Sites and Area Served
8.3.2 Henan Jindan Lactic Acid Technology Product Introduction, Application and Specification
8.3.3 Henan Jindan Lactic Acid Technology Lactic Acid and Poly Lactic Acid (PLA) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.3.4 Main Business and Markets Served
8.4 Synbra Technology
8.5 Dow Chemical
8.6 Corbion
8.7 Natureworks
8.8 Teijin
8.9 Wei Mon Industry
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