Global Polylactic Acid market is forecasted to exhibit a CAGR of over 14.0% from 2016 to 2024

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.

Browse Full Report At http://www.credenceresearch.com/report/polylactic-acid-market

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.

Browse Full Report At: https://goo.gl/EMjNnt

ToC:

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.5 Key Points

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Polylactic Acid Market

Chapter 3 Introduction
3.1 Introduction
3.2 Classification
3.3 Drivers
3.4 Restraints
3.5 Opportunities
3.6 Supply Chain
3.7 Porter’s five force analysis
3.7.1 Bargaining power of suppliers
3.7.2 Bargaining power of buyers
3.7.3 Threat of new entrants
3.7.4 Threat of substitutes
3.7.5 Degree of competition

Chapter 4 Global Polylactic Acid Market, Application Analysis
4.1 Global Polylactic Acid Market, by application type
4.2 Packaging
4.3 Catering
4.4 Technical Material
4.5 Agriculture
4.6 Consumer goods
4.7 Construction Materials…

Request Sample: http://www.credenceresearch.com/sample-request/57764

About Us:

Credence Research is a worldwide market 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.

Media Contact

Name: Chris Smith

Address: 105 N 1st ST #429,

SAN JOSE, CA 95103 US

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web: http://www.credenceresearch.com

%d bloggers like this: