Polylactic Acid Market Size, Share, Sales, Analysis, Forecast, Industry Competition & Player Profiles 2023 - 2032

Report code : IS585, Status : Published, Published on: Jan, 2021, Pages : 0 Pages, Format : PDF/PPT/Excel

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Description

Polyactic acid, also known as PLA remains an iconic addition to the technological advancement of 3D printing. 3D printing has moved out of the futuristic horizon space, to bring good fortunes for several key sectors in practice, including construction, medical, automotive, and aerospace, and defence. The PLA remains the top leading additive products to provide the much need manufacturing prowess to 3D printing along with cost, and recycling advantages. The PLA products offer capabilities like low-temperature manufacturing calibre, higher strength, and stiffness as compared to close alternatives like ABS, and Nylon. The growing demand for 3D printing to engage in rapid prototyping, adoption of 3D printing by large players like Boeing, Airbus, and GE remains a major promise for growth for the polylactic acid market during the forecast period.

Rapid Prototyping to Promise Major Growth in Aerospace and Defence Sector

3D today has moved beyond rapid prototyping. However, its rapid prototyping application is ideal for sectors like Aerospace & Defence, wherein the technology enables complex construction on small scales, with complex geometrics to produce rapid, and low-cost designs. Moreover, the technology delivers more manufacturing control to OEMs as different locations around the world can guide product development with key prototyping, and cost-effective manufacturing. The 3D printing also promises to solve a core demand, and necessity for the sector, with development of lightweight, and small parts to bring more fuel-efficiency to aerial transport. Moreover, 3D printing is currently being used by large companies to engage in constant repairs, and maintenance activities for aircrafts. Technologies like Direct Energy Composition promises to restore high-end equipment like turbine blades in a cost-effective manner with additive manufacturing. The growing demand for lightweight materials, continuous material innovation, and growing adoption of 3D printing will promise tremendous growth for players in the polylactic acid market in the aerospace, and defence market.

Major Promise in Prosthetic to Drive Robust Growth in Medical Sector

The rising demand for major prosthetics, and limited expansion of cost-effective, and timely treatments for disabled individuals remains a major challenge in the healthcare sector. CDC or Center for Disease Prevention, and Control estimates that there are over 60 million disabled individuals in America. Moreover, the CDC also estimates that cost-effective treatment remains a major concern for these individuals. On the other hand, 3D printed prosthetics promise to solve key demand for prosthetics, increasing both manufacturing times, as well as cost-effective treatment. This is largely due to the fact that manufacturing is often scaled for large quantities of production. Hence, individual prosthetics, with personalized needs often bears the brunt of mass-production, with reduced effectiveness, and high-costs. The 3D printing technology with rapid prototyping, along with PLA material-based products promise to bring a revolution to the field, and hospitals around the world have already started reported major improvements in prosthetics, thanks to the rise of 3D printing technology.

The 3D printing technology also promises to solve similar challenge in dental work, as the traditional high-costs, and limited customization catering to general needs remain a major barrier for growth for expansion of personalized dental services.

Rising challenges in the use of PET, and growing demand for ready-to-eat meals, along with PLA’s properties including resistance to grease, better printability, and disposable cutlery promise major growth in the food & beverage sector as well.

The key players of the global polylactic acid market are BASF SE, COFCO, Evonik Industries AG, Futerro, Jiangsu Supla Bioplastics Co. Ltd., Jiangxi Keyuan Bio-Material Co. Ltd., Mitsui Chemicals Inc., NatureWorks LLC (Cargill Incorporated), Shanghai Tong-Jie-Liang Biomaterials Co. Ltd. and Total Corbion PLA and others.

The Polylactic Acid Market is Segmented as Below:

By Application

By Geography

North America

U.S.
Canada

Europe

Asia Pacific

Japan
China
India
Australia
Rest of APAC

South America

Brazil
Rest of South America

Middle East & Africa

UAE
South Africa
Saudi Arabia
Rest of MEA

Table Of Content

Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
Market Synopsis: Global Polylactic Acid Market
Global Polylactic Acid Market Qualitative Analysis
- Ecosystem Analysis
  - Role of participants
  - Integration scenario
- Trends
  - Market trends
  - Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
  - Driving Forces
  - Hindering Forces
  - Opportunities
- COVID-19 impact
- Raw Material Contribution
  - Corn
  - Tapioca
  - Sugarcane
  - Others

Global Polylactic Acid Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Polylactic Acid Market Estimates (US$ Mn and Tons), by Application, 2019 – 2032
  - Packaging
  - Textiles
  - Bio-Medical
  - Agriculture
  - Electronics
  - Construction
  - Others

Global Polylactic Acid Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Polylactic Acid Market Estimates (US$ Mn and Tons), by Region, 2019 – 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America Polylactic Acid Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Polylactic Acid Market Estimates (US$ Mn and Tons), by Application, 2019 – 2032
  - Packaging
  - Textiles
  - Bio-Medical
  - Agriculture
  - Electronics
  - Construction
  - Others
- North America Polylactic Acid Market Estimates (US$ Mn and Tons), Country, 2019 – 2032
  - The U.S.
  - Canada
  - Mexico
  - Rest of North America

Europe Polylactic Acid Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Polylactic Acid Market Estimates (US$ Mn and Tons), by Application, 2019 – 2032
  - Packaging
  - Textiles
  - Bio-Medical
  - Agriculture
  - Electronics
  - Construction
  - Others
- Europe Polylactic Acid Market Estimates (US$ Mn and Tons), Country, 2019 – 2032
  - Germany
  - United Kingdom
  - Italy
  - France
  - Spain
  - Rest of Europe

Asia Pacific Polylactic Acid Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Polylactic Acid Market Estimates (US$ Mn and Tons), by Application, 2019 – 2032
  - Packaging
  - Textiles
  - Bio-Medical
  - Agriculture
  - Electronics
  - Construction
  - Others
- Asia Pacific Polylactic Acid Market Estimates (US$ Mn and Tons), Country, 2019 – 2032
  - Japan
  - India
  - China
  - South Korea
  - Australia
  - Rest of Asia Pacific

Middle East & Africa Polylactic Acid Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Polylactic Acid Market Estimates (US$ Mn and Tons), by Application, 2019 – 2032
  - Packaging
  - Textiles
  - Bio-Medical
  - Agriculture
  - Electronics
  - Construction
  - Others
- Middle East & Africa Polylactic Acid Market Estimates (US$ Mn and Tons), Country, 2019 – 2032
  - Saudi Arabia
  - South Africa
  - UAE
  - Rest of Middle East

South America Polylactic Acid Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Polylactic Acid Market Estimates (US$ Mn and Tons), by Application, 2019 – 2032
  - Packaging
  - Textiles
  - Bio-Medical
  - Agriculture
  - Electronics
  - Construction
  - Others
- South America Polylactic Acid Market Estimates (US$ Mn and Tons), Country, 2019 – 2032
  - Brazil
  - Argentina
  - Rest of South America

Competition Analysis – Polylactic Acid Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
  - NatureWorks LLC
    - Business overview
    - Geographic presence
    - Product portfolio
    - Financial facts
    - Relevant news and strategic view
  - BASF SE
  - Braskem
  - Bayer AG
  - Total Corbion PLA
  - Sulzer Ltd
  - Nova Chamicals
  - Exxon Mobil Corporation
  - Eastman Chemical
  - Futerro
  - Galactic
  - Mitsubishi Chemical
  - PTT Global Chemical
  - Teijin

Conclusion & Recommendations

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Frequently asked questions about this report

What segments are covered in the Polylactic Acid market report?

The global Polylactic Acid market segmented on the basis of Application and By Geography.

what are the prominent Polylactic Acid market players across the globe?

Major players operating in the global Polylactic Acid market include BASF SE, COFCO, Evonik Industries AG, Futerro, Jiangsu Supla Bioplastics Co. Ltd., Jiangxi Keyuan Bio-Material Co. Ltd., Mitsui Chemicals Inc., NatureWorks LLC (Cargill Incorporated), Shanghai Tong-Jie-Liang Biomaterials Co. Ltd. and Total Corbion PLA and others.

What is the base year considered in the Polylactic Acid market report?

The base year considered in Polylactic Acid market report is 2022.