Polylactic acid or PLA is a biodegradable thermoplastic aliphatic polyester made from renewable sources
such as corn, starch, tapioca roots, sugarcane and others. PLA is produced using two monomers –
lactic acid and lactide. There are two common methods used to produce PLA.
First method is the polymerization of lactide with metal catalysts and another
method involves condensation of lactic acid.
Some critics asserted that the use
of above food products should be prohibited for production of plastics. The
Dutch company, Corbion Purac,
started production of PLA using sources such as corn stover, bagasse, wood
chips and wheat straw. The company admitted that further research and
development is needed to speed up the process of commercialization of PLA.
The world PLA market is classified by
application into packaging, textile, agriculture, electronics, bio-medical and
others. PLA was dominantly used for packaging application in 2014 due to its
unique thermal and barrier properties.
Geographically,
the global polylactic acid market is segmented into North America, Asia-Pacific, Europe and Latin America, Middle East & Africa
(LAMEA). Among these regions, North America was
the largest consumer of PLA in 2014 with market share of 49.6% of global
market. Asia–pacific market would grow at the highest rate till 2020, owing to its
increasing adoption in countries such as China, Japan, Thailand and others.
Easy
availability of raw materials, unique physical properties, consumer awareness
and supportive government policies are key driving factors for growth of world polylactic
acid market. However, the need for industrial composting and higher cost of PLA
as compared to synthetic plastics are challenges companies need to overcome to
gain the stronghold of market. There are many studies have been done that
analyze present market trends and opportunities for market growth in future. Recently,
Big Market Research adds a report titled “WorldPolylactic Acid Market - Opportunities and Forecast, 2014–2020.” The report provides an in-depth analysis of changing
market dynamics of global polylactic acid industry.
The
key manufacturers profiled in this report includes NatureWorks LLC (USA),
Synbra (Netherlands), Corbion Purac (Netherlands), Hisun Biomaterials (China),
Nantong Jiuding Biological Engineering Co. Ltd. (China), Futerro (China) and Chongqing
Bofei Biochemical Products Co. Ltd. (China).
Get More Information @ http://www.bigmarketresearch.com/world-polylactic-acid-market
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