Polylactic Acid Market
Polylactic Acid Market - Global Industry Assessment & Forecast
Segments Covered
- By Grades Thermoforming Grade, Injection Molding Grade, Extrusion Grade, Blow Molding Grade, Other Grades
- By End-Use Industry Packaging Industry, Consumer Goods Industry, Agricultural Industry, Textile Industry, Medical Industry, Building & Construction Industry, Automotive Industry
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 1.5 Million |
Revenue 2030: | USD 3.5 Million |
Revenue CAGR (2023 - 2030): | 12.89% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Polylactic Acid Market by Grades by End-Use Industry by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Polylactic Acid supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Polylactic Acid market size at regional and country level
- Market size and forecast by Grades, End-Use Industry, and Region
- Key industry players and their market share and Polylactic Acid market-specific sales/revenue
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Polylactic Acid supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Polylactic Acid market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Polylactic Acid market.
FAQ
Frequently Asked Question
What is the global demand for Polylactic Acid in terms of revenue?
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The global Polylactic Acid valued at USD 1.5 Million in 2022 and is expected to reach USD 3.5 Million in 2030 growing at a CAGR of 12.89%.
Which are the prominent players in the market?
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The prominent players in the market are NatureWorks LLC (U.S.), Total Corbion PLA (Netherlands), BASF SE (Germany), Futerro (Belgium), Cofco (China), Mitsubishi Chemicals Corporation (Japan), Danimer Scientific (U.S.), Unitika Ltd. (Japan), Evonik Industries (Germany), Toray Industries Inc (Japan).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 12.89% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Polylactic Acid include
- Changing consumer preference toward eco-friendly plastic products
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Polylactic Acid in 2022.