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Global PolyLactic Acid And Lactic Acid Industry is Expected to Hit USD 2,169.6 Million by 2020

GrandViewResearch.com has announced the addition of "Global PolyLactic Acid And Lactic Acid Market Analysis And Segment Forecasts To 2020" Market Research report to their Database.

 
 
Grand View Research
Grand View Research
PRLog - May 23, 2014 - The global poly lactic acid (PLA) market is expected to reach USD 2,169.6 million by 2020, according to a new study by Grand View Research, Inc. The global lactic acid market is expected to reach USD 4,312.2 million by 2020, fueled by growing PLA demand. Increasing bioplastics demand coupled with growing adoption of PLA for packaging products is expected to drive the market over the next six years. Favorable regulatory scenario for environmentally friendly products is also expected to give impetus to the global market over the forecast period.

Increasing crude oil prices are expected to drive PLA demand, since majority of plastics are manufactured using petroleum-based resources. PLA is compostable and environmentally friendly; therefore, it proves ideal for food packaging and other consumer products. Inferior performance of PLA products as compared to conventional plastics may pose a barrier to industry growth over the forecast period. Changing consumer preferences and increasing demand for personal care is expected to enhance lactic acid market penetration in skin care applications used for anti-acne, skin lightening and anti-aging products.

The report “Lactic Acid And Poly Lactic Acid (PLA) Market By Application (Packaging, Agriculture, Transport, Electronics, Textiles) Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/lactic...

Request Free Sample of This report @ https://www.grandviewresearch.com/industry-analysis/lacti...

Further key findings from the study suggest:

• Global lactic acid demand was 714.2 kilo tons in 2013, which is expected to reach 1,960.1 kilo tons by 2020, growing at a CAGR of 15.5% from 2014 to 2020. Industrial applications are expected to be the largest and fastest growing segment over the forecast period; they accounted for 44.8% of the overall market in 2013, with an estimated CAGR of 19.3% from 2014 to 2020.

• Global PLA demand was estimated to be 360.8 kilo tons in 2013, which is expected to reach 1,205.3 kilo tons by 2020, growing at a CAGR of 18.8% from 2014 to 2020. Packaging accounted for 59.6% of the overall PLA market in 2013, and is expected to remain the dominant application segment over the forecast period. Rigid packaging was the largest contributor to overall PLA demand in packaging in 2013. Textiles are expected to be the fastest growing segment, at a CAGR of 17.5% in terms of revenue from 2014 to 2020.

• North America is expected to remain the largest market for lactic acid through the forecast period, and was valued at USD 444 million in 2013. Asia Pacific is expected to grow at the fastest rate of 19.5% in terms of revenue from 2014 to 2020. This region is also expected to be the fastest growing market for PLA at an estimated CAGR of 17.9% from 2014 to 2020.

• Industry participants include NatureWorks LLC, Purac, Galactic, Pyramid Bioplastics (a collaboration of Pyramid Technologies and German Bioplastics), BASF, Synbra, etc. Companies operating in the market target product innovation as well as strategic alliances for gaining market share.

Browse All Renewable Chemicals Market Reports @ https://www.grandviewresearch.com/industry/renewable-chem...

For the purpose of this study, Grand View Research has segmented the global lactic acid and PLA market on the basis of application and region:

• Lactic Acid Application Outlook (Volume, Kilo Tons and Revenue, USD Million; 2012 – 2020)
- Industrial
- Food & Beverage
- Pharmaceuticals
- Personal Care
- Others

• PLA Application Outlook (Volume, Kilo Tons and Revenue, USD Million; 2012 – 2020)
- Packaging
- Agriculture
- Transport
- Electronics
- Textiles
- Others

• Lactic Acid and PLA Regional Outlook (Volume, Kilo Tons and Revenue, USD Million; 2012 – 2020)
- North America
- Europe
- Asia Pacific
- RoW

Latest Market Research Published By Grand View Research:

Injection Molded Plastics Market (Polypropylene, ABS, HDPE, Polystyrene) Analysis By Application (Packaging, Consumables and Electronics, Automotive, Building and Construction) And Segment Forecasts To 2020 ( http://www.grandviewresearch.com/industry-analysis/injection-molded-plastics-market ) The global market for injection molded plastics is expected to reach USD 277.78 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for plastic as a packaging material coupled with the growing packaging industry in Asia is expected to be a key factor driving market demand over the next six years. In addition, the growing need for weight reduction in automobiles is also expected to augment the demand for plastics as a substitute to metal which in turn is expected to increase the demand for injection molded ABS and polypropylene.

Stem Cells Market Analysis By Product (Adult Stem Cells, Human Embryonic Cells, Pluripotent Stem Cells), By Application (Regenerative Medicine, Drug Discovery and Development) And Segment Forecasts To 2020 ( http://www.grandviewresearch.com/industry-analysis/stem-cells-market ) The global market for stem cells is expected to reach USD 170.15 billion by 2020, according to a new study by Grand View Research, Inc. Growing prevalence of chronic diseases such as cardiovascular and liver disease, diabetes and cancer coupled with the presence of high unmet medical needs in these disease segments is expected to drive market growth during the forecast period.

About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com


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Grand View Research, Inc
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Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
sales@grandviewresearch.com
http://www.grandviewresearch.com

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1-415-349-0058
***@grandviewresearch.com

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Source:Grand View Research, Inc
Location:United States
Industry:Business, Industrial
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