The Asia Pacific polylactic acid market is projected to record a CAGR of 15.03% in terms of volume during the forecast period, 2019-2028. In terms of revenue, the market is predicted to register a CAGR of 13.06%. The market is expanding due to various opportunities in the region, including the blending of polylactic acid with other materials as it is lightweight, its usage in the automotive industry, and a rise in income.
ASIA PACIFIC POLYLACTIC ACID MARKET FORECAST 2019-2028
The Asia Pacific polylactic acid market is projected to record a CAGR of 15.03% in terms of volume during the forecast period, 2019-2028. In terms of revenue, the market is predicted to register a CAGR of 13.06%. The market is expanding due to various opportunities in the region, including the blending of polylactic acid with other materials as it is lightweight, its usage in the automotive industry, and a rise in income.
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The growth analysis of the Asia Pacific polylactic acid market comprises of evaluation of countries such as India, Indonesia, Japan, Australia & New Zealand, Vietnam, Thailand, South Korea, China, and the rest of Asia Pacific. In China, the packaging industry has displayed a steady rise, owing to the demand from FMCG goods, and an increase in demand for eco-friendly packaging has benefitted the market in the country. The growing industries encompassing the application of polylactic acid are textile, electrical, and electronics, and transportation. In countries like Japan, the market is evolving at a high pace due to increasing investments in electronics firms, the growing medical sector, technological advancements, and the developing packaging industry.
In India, the food processing & packaged food industry is developing at a rapid pace. Medical sector is also continuously evolving. Increasing vehicle production is expected to create lucrative opportunities for the automotive market. For example, the company, Mahindra and Mahindra, stated to fund $xx million to increase its capacity for electric vehicles at Chakan. In South Korea, there is an increasing growth for polylactic acid in the packaged food industry. The exponential growth in the automobile industry will increase the demand for polylactic acid. Such factors are set to augment the growth of the market.
Mitsubishi Chemical Corporation is a provider of industrial materials and performance products. The company operates in the US, Europe, and the Asia Pacific. One of the products, Plabio, is a biomass-based oriented stiff film, known for the good appearance after shrinkage. Another product, Ecoloju, is a plastic sheet and film made from PLA derived from renewable resources.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES `
- MARKET OVERVIEW
- MARKET DYNAMICS
- HISTORY OF POLYLACTIC ACID
- MARKET DEFINITION
- Â Â KEY DRIVERS
- UNSTABLE PETROLEUM PRICES AND LACK OF ENOUGH SOURCES
- FAVORABLE GOVERNMENT SUPPORT
- RISING ENVIRONMENTAL CONCERNS
- INCREASING DEMAND FROM DEVELOPING COUNTRIES
- Â Â KEY RESTRAINTS
- POOR PERFORMANCE COMPARED TO CONVENTIONAL PLASTICS
- PRICE COMPETITIVENESS FROM CONVENTIONAL POLYMERS AND AGRICULTURAL FIBER ALTERNATIVES
- NEED FOR INDUSTRIAL COMPOSTING UNITS
- KEY ANALYTICS
- KEY INVESTMENT INSIGHTS
-   PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- Â Â VALUE CHAIN ANALYSIS
- RAW MATERIAL
- PRODUCTION
- RETAILER/DISTRIBUTOR
- END-USER
- Â Â KEY BUYING CRITERIA
- PRICE
- ALTERNATIVES
- AVAILABILITY
- END OF LIFE EFFECTS
- REGULATORY FRAMEWORK
- MARKET BY PRODUCT FORM
- FILMS AND SHEETS
- COATINGS
- FIBERS
- OTHER PRODUCT FORMS
- MARKET BY APPLICATION
- PACKAGING
- AGRICULTURE
- ELECTRONICS
- TEXTILES
- MEDICAL
- AUTOMOTIVE
- OTHER APPLICATIONS
- MARKET BY RAW MATERIAL
- CORN
- SUGARCANE & SUGAR BEET
- CASSAVA
- OTHER RAW MATERIALS
- GEOGRAPHICAL ANALYSIS
- Â Â ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- Â Â ASIA PACIFIC
- COMPANY PROFILES
- NATUREWORKS LLC
- BASF
- MITSUBISHI CHEMICAL HOLDING CORPORATION
- ZHEJIANG HISUN BIOMATERIALS CO LTD
- FUTERRO SA
- SYNBRA HOLDING BV
- TEIJIN LTD
- DOW CHEMICALS
- THYSSENKRUPP AG
- DANIMER SCIENTIFIC
- GREEN BIOPLASTICS
- INNOVIA FILMS
- GOOD NATURED PRODUCTS INC
- TOTAL-CORBION PLA
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – POLYLACTIC ACID
TABLE 2: LEGAL, POLICY & REGULATORY FRAMEWORK
TABLE 3: ASIA PACIFIC POLYLACTIC ACID MARKET, BY PRODUCT FORM, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 4: ASIA PACIFIC POLYLACTIC ACID MARKET, BY PRODUCT FORM, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 5: ASIA PACIFIC POLYLACTIC ACID MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 6: ASIA PACIFIC POLYLACTIC ACID MARKET, BY APPLICATION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 7: ASIA PACIFIC POLYLACTIC ACID MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN KILO METRIC TON)
TABLE 8: ASIA PACIFIC POLYLACTIC ACID MARKET, BY APPLICATION, FORECAST YEARS, 2019-2028 (IN KILO METRIC TON)
TABLE 9: ASIA PACIFIC POLYLACTIC ACID MARKET, BY RAW MATERIAL, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 10: ASIA PACIFIC POLYLACTIC ACID MARKET, BY RAW MATERIAL, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 11: ASIA PACIFIC POLYLACTIC ACID MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 12: ASIA PACIFIC POLYLACTIC ACID MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 13: ASIA PACIFIC POLYLACTIC ACID MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN KILO METRIC TON)
TABLE 14: ASIA PACIFIC POLYLACTIC ACID MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN KILO METRIC TON)
LIST OF FIGURES
FIGURE 1: TIMELINE POLYLACTIC ACID
FIGURE 2: KEY INVESTMENT INSIGHTS
FIGURE 3: PORTER’S FIVE FORCE ANALYSIS
FIGURE 4: OPPORTUNITY MATRIX
FIGURE 5: VENDOR LANDSCAPE
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: KEY BUYING CRITERIA
FIGURE 8: ASIA PACIFIC POLYLACTIC ACID MARKET, GROWTH POTENTIAL, BY PRODUCT FORM, IN 2019
FIGURE 9: ASIA PACIFIC POLYLACTIC ACID MARKET, BY FILMS AND SHEETS, 2019-2028 (IN $ MILLION)
FIGURE 10: ASIA PACIFIC POLYLACTIC ACID MARKET, BY COATINGS, 2019-2028 (IN $ MILLION)
FIGURE 11: ASIA PACIFIC POLYLACTIC ACID MARKET, BY FIBERS, 2019-2028 (IN $ MILLION)
FIGURE 12: ASIA PACIFIC POLYLACTIC ACID MARKET, BY OTHER PRODUCT FORMS, 2019-2028 (IN $ MILLION)
FIGURE 13: ASIA PACIFIC POLYLACTIC ACID MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019
FIGURE 14: ASIA PACIFIC POLYLACTIC ACID MARKET, BY PACKAGING, 2019-2028 (IN $ MILLION)
FIGURE 15: ASIA PACIFIC POLYLACTIC ACID MARKET, BY AGRICULTURE, 2019-2028 (IN $ MILLION)
FIGURE 16: ASIA PACIFIC POLYLACTIC ACID MARKET, BY ELECTRONICS, 2019-2028 (IN $ MILLION)
FIGURE 17: ASIA PACIFIC POLYLACTIC ACID MARKET, BY TEXTILES, 2019-2028 (IN $ MILLION)
FIGURE 18: ASIA PACIFIC POLYLACTIC ACID MARKET, BY MEDICAL, 2019-2028 (IN $ MILLION)
FIGURE 19: ASIA PACIFIC POLYLACTIC ACID MARKET, BY AUTOMOTIVE, 2019-2028 (IN $ MILLION)
FIGURE 20: ASIA PACIFIC POLYLACTIC ACID MARKET, BY OTHER APPLICATIONS, 2019-2028 (IN $ MILLION)
FIGURE 21: ASIA PACIFIC POLYLACTIC ACID MARKET, GROWTH POTENTIAL, BY RAW MATERIAL, IN 2019
FIGURE 22: ASIA PACIFIC POLYLACTIC ACID MARKET, BY CORN, 2019-2028 (IN $ MILLION)
FIGURE 23: ASIA PACIFIC POLYLACTIC ACID MARKET, BY SUGARCANE & SUGAR BEET, 2019-2028 (IN $ MILLION)
FIGURE 24: ASIA PACIFIC POLYLACTIC ACID MARKET, BY CASSAVA, 2019-2028 (IN $ MILLION)
FIGURE 25: ASIA PACIFIC POLYLACTIC ACID MARKET, BY OTHER RAW MATERIALS, 2019-2028 (IN $ MILLION)
FIGURE 26: ASIA PACIFIC POLYLACTIC ACID MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 27: CHINA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)
FIGURE 28: JAPAN POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)
FIGURE 29: INDIA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)
FIGURE 30: SOUTH KOREA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)
FIGURE 31: INDONESIA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)
FIGURE 32: THAILAND POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)
FIGURE 33: VIETNAM POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)
FIGURE 34: AUSTRALIA & NEW ZEALAND POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)
FIGURE 35: REST OF ASIA PACIFIC POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- Â Â ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- Â Â ASIA PACIFIC
- MARKET BY PRODUCT FORM
- FILMS AND SHEETS
- COATINGS
- FIBERS
- OTHER PRODUCT FORMS
- MARKET BY APPLICATION
- PACKAGING
- AGRICULTURE
- ELECTRONICS
- TEXTILES
- MEDICAL
- AUTOMOTIVE
- OTHER APPLICATIONS
- MARKET BY RAW MATERIAL
- CORN
- SUGARCANE & SUGAR BEET
- CASSAVA
- OTHER RAW MATERIALS
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We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.