Lactic Acid & Polylactic Acid Market

1. Lactic Acid & Polylactic Acid Market Revenue Drivers Growth Opportunities Supply Chain Analysis and Forecast Research Report Till 2025 “The global lactic acid & polylactic acid market is anticipated to reach USD 9.8 billion and USD 6.5 billion respectively by 2025.” The global Lactic Acid & Polylactic Acid Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global lactic acid & polylactic acid market is anticipated to reach USD 9.8 billion and USD 6.5 billion respectively by 2025. Growing demand for environmental friendly packaged products and awareness is expected to drive the market growth over the forecast period. Global lactic acid market is expected to grow at a CAGR of 16.2% from 2017 to 2025. Key Players: BASF Danimer Scientific LLC Futerro Galactic Henan Jindan Lactic Acid Technology Co. Ltd Musashino Chemical (China) Co. Ltd NatureWorks LLC Corbion Purac Synbra Technology BV Hitachi Sulzer

2. Request free sample to get complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/lactic-acid-polylactic-acid-pla-market/request- sample Growth Drivers: Growing demand for biodegradable products is also expected to boost the market growth over the forecast period. However, introduction of other renewable packaging alternatives in the market, for example agricultural natural fiber products such as bagasse, bamboo, palm fiber bulrush. These alternatives are expected to restraint the market growth since all these natural fibers are degradable and low cost, it’s reinforcement with PLA acts as an opportunity which is ecological as well as economical. 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. Increasing adoption of bioplastics on account of changing consumer preferences and need for sustainable products is also expected to positively impact the global market in the coming years. However, PLA suffers from distortion at fairly low temperatures hindering their performance compared to other conventional plastics. This resulted in restrictive use of Poly lactic acid to lower its applications in utility packaging. However, companies operating in the market have been are innovation new processes to enhance heat resistance power of polymers. Lactic Acid Application Outlook: Industrial Food and beverages Pharmaceuticals Personal care Polylactic Acid Application Outlook: Packaging Agriculture Transport Electronics Textiles Regional Insights: North America is expected to be the largest market over the forecast period. Growing demand among all the application segments and high concentration of allied industries of lactic acid in this region is expected to be the key driving force for the industry in this region. Europe and Asia Pacific are expected to grow at a significant rate owing to the legal regulations and conditions on use of synthetic plastic materials and also market penetration of biobased materials in packaging are expected to drive the market in the region over the next six years. Browse Related Category Research Reports @ https://blog.naver.com/tomclark

3. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Asia Pacific Global Headquarters Million Insights Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Phone: 91-20-65300184 Email: sales@millioninsights.com