Asia-Pacific Polylactic Market Forecast 2017-2025

Asia-Pacific Polylactic Market Forecast 2017-2025

  • August 2017 •
  • Report ID: 5067710
KEY FINDINGS
The Asia-Pacific polylactic acid market is predicted to grow at a CAGR of 28.57% for the forecast years of 2017-2025, increasing its revenue from $270 million to $2584 million over the said period.


MARKET INSIGHTS
The ease with which polylactic acid blends with other materials and its possible large scale production from second-generation biomass are providing the Asian market with potential growth opportunities. The market is primarily segmented according to the type of application and product. Some of the applications include consumer goods, technical materials, agriculture, catering, etc. The product type can be categorized as fibers, coatings, film sheet, etc. The cost competitiveness from alternate conventional polymers and agricultural fibers are some of the factors which might tend to restrain the market growth in the coming years.



COMPETITIVE INSIGHTS
Teijin Aramid B.V, Mitsubishi Chemical Holding Corporation, Zhejiang Hisun Biomaterials Co. Ltd, Biobent Polymers, Dow Chemicals, Innovia Films, ThyssenKrupp AG, etc. are some of the prominent companies in the market.
Country=APAC Date=201708 Publisher=InkwoodResearch Price=2000