Global & APAC Polylactic Acid Market research report Competitive Landscape, segmentation, size, CAGR and Forecast 2017 to 2023 - Asia Pacific Market Research

Global & APAC Polylactic Acid Market research report Competitive Landscape, segmentation, size, CAGR and Forecast 2017 to 2023

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Global & APAC Polylactic Acid Market research report Competitive Landscape, segmentation, size, CAGR and Forecast 2017 to 2023

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Polylactic Acid (PLA) is a Biodegradable material with clarity and rigidity like polyethylene terephthalate (PET) or polystyrene (PS). Polylactic Acid is one of the superior products in evolving bioplastic market due to its cost structure and availability. PLA is mostly produced from renewable source such as carbohydrate and starch cellulose which can simply obtain from diverse vegetables and crops. The factors contributing for the market growth in APAC region are growing consumer preference for green packaging products, growing demand for bio-plastics, rising government support to eco-friendly materials and products and adoption across major end user industries such as packaging, transportation etc. PLA is a new generation plastic which has various applications such as construction, toys manufacturing, packaging, medical implants, automotive industry etc. Due to these supporting factors, the APAC polylactic acid market is expected to grow with the CAGR of 21.9% during the forecast period. The APAC polylactic acid market was valued approximately $ 543 million in 2016 and this is expected to reach approximately $ 1785 million by 2022. The APAC polylactic acid market growth is hindering due to some major factors such as fluctuation in raw material prices and easy availability of potential renewable packaging substitute such as agricultural fiber products. However, the market has huge scope with the growing crude oil prices and growing packaging industry in the region.
North America is leading the polylactic acid market; however the APAC is the fastest growing region for the market. The APAC polylactic market is growing due to major countries of the region such as China, Japan & India. China has witnessed fast growth in packaging market size during the past few years, which has made it the second largest packaging market globally, after US. Growing development of packaging market in China is a major driver for PLA. Rising awareness in China for Bio-plastics is also an important driving factor for the growth of PLA in the region. There has been easy availability of raw material in the region. China is second biggest producer of corn and third biggest producer of sugarcane. Thus, higher production of these raw materials for PLA in China makes it more potential. Today, China is well established in packaging industry is also another key factor for the growth of PLA market in the region. Moreover, cheap labor forces as compared to other developed nations; industrial development in China is also some crucial factors expanding the market growth in Asia Pacific. However, the APAC PLA market is facing major restraint such as lack of awareness as compared to US and European markets. China is highly price sensitive country; thus cost reduction is a basic requirement in Chinese market. If China’s government offers some incentives to PLA manufacture of China, then PLA market might grow at higher rate.
The global polylactic acid market has been segmented on the basis of application and raw material. According to application, the PLA market is further segmented into agriculture, textiles, electronics, packaging and other applications. Packaging is the leading application segment due to growing adoption of PLA for packaging in emerging countries such as Brazil, India, China and Russia (BRIC) countries, which are major leaders in Packaging industry with over 30% market share. Growing industrialization in China and India is also driving the packaging market in APAC Region. China is one of the major producers of plastics. It produces around 26% of total plastic. According to raw material, the market is further segmented into sugarcane, cassava floor, corn and beet root.
The major players of APAC polylactic acid market are BASF, Braskem, Dow chemicals, Mitsubishi chemical holdings corporation, Natureworks LLC, Exxonmobil corporation, Dupont corporation, Sulzer, Nova chemicals, Corbion and so on. These players used various strategies such as mergers & acquisition, Joint venture, product launches, partnership etc. to expand market share globally. For instance, On Nov. 2016, Corbion & Total entered into JV agreement. The energy firm “Total” and bio-based leaders “Corbion” are combining forces to improve bioplastics by generating a 50/50 joint venture to market and produce polylactic (PLA) polymers. These two partners planned to create a PLA polymerization plant with a size of 75,000 tons each year at Thailand’s Corbion's site which has a lactide (PLA monomer) manufacturing unit that will become joint venture part. Corbion will deliver the lactic acid essential for the PLA production and the lactide.

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License Type

Single User APAC License, Single User Global License, Site License APAC, Site License Global

 

  1. INTRODUCTION
    • EXECUTIVE SUMMARY
    • ESTIMATION METHODOLOGY
  2. MARKET OVERVIEW
    • MARKET DEFINITION AND SCOPE
    • VALUE CHAIN ANALYSIS
    • KEY BUYING CRITERIA
    • PORTERS 5 FORCE MODEL
    • KEY MARKET TRENDS
      • PIPELINE ANALYSIS
      • R & D SCENARIO
      • REGULATORY FRAMEWORK
    • PARAMETRIC ANALYSIS
    • KEY MARKET INSIGHTS
      • TOP 3 EMERGING COUNTRIES
      • TOP 3 REVENUE GENERATING SEGMENTS
      • TOP 3 EMERGING SEGMENTS
    • COMPETITIVE INTELLIGENCE
      • MARKET SHARE ANALYSIS
      • TOP WINNING STRATEGIES
      • CASE STUDY: TOP COMPETITIVE MOVES
    • STRATEGIC RECOMMENDATIONS & KEY CONCLUSIONS
      • INVESTMENT OPPORTUNITIES BY REGIONS
      • OPPORTUNITIES IN EMERGING APPLICATIONS
      • INVESTMENT OPPORTUNITY IN FASTEST GROWING SEGMENT
  1. MARKET DETERMINANTS
    • MARKET DRIVERS
      • GROWING CONSUMER PREFERENCE FOR GREEN PACKAGING PRODUCTS
      • ADOPTION ACROSS MAJOR END USER INDUSTRIES SUCH AS PACKAGING, TRANSPORTATION ETC.
      • GROWING DEMAND FOR BIOPLASTICS
      • RISING GOVERNMENT SUPPORT TO ECO- FRIENDLY MATERIALS AND PRODUCTS
    • MARKET RESTRAINTS
      • FLUCTUATION IN RAW MATERIAL PRICES
      • AVAILABILITY OF POTENTIAL RENEWABLE PACKAGING SUBSTITUTE SUCH AS AGRICULTURAL FIBER PRODUCTS
    • MARKET OPPORTUNITIES
      • GROWING CRUDE OIL PRICES
      • GROWING PACKAGING INDUSTRY
    • MARKET CHALLENGES
      • PRICING COMPETITION WITH CONVENTIONAL POLYMERS
      • NEED SPECIFIC TEMPERATURE & ENVIRONMENT FOR DEGRADATION
  1. MARKET SEGMENTATION
    • APAC POLYLACTIC ACIDMARKET BY APPLICATION 2014 -2022 ($ MILLION)
      • APAC POLYLACTIC ACIDMARKET BY AGRICULTURE 2014 -2022 ($ MILLION)
      • APAC POLYLACTIC ACIDMARKET BY TEXTILES 2014 -2022 ($ MILLION)
      • APAC POLYLACTIC ACIDMARKET BY ELECTRONICS 2014 -2022 ($ MILLION)
      • APAC POLYLACTIC ACIDMARKET BY PACKAGING 2014 -2022 ($ MILLION)
      • APAC POLYLACTIC ACIDMARKET BY OTHER APPLICATIONS (CONSTRUCTION MATERIALS, CATERING ETC.)2014 -2022 ($ MILLION)
    • APAC POLYLACTIC ACIDMARKET BY RAW MATERIAL 2014 -2022 ($ MILLION)
      • APAC POLYLACTIC ACIDMARKET BY SUGERCANE 2014 -2022 ($ MILLION)
      • APAC POLYLACTIC ACIDMARKET BY CASSAVA FLOOR 2014 -2022 ($ MILLION)
      • APAC POLYLACTIC ACIDMARKET BY CORN 2014 -2022 ($ MILLION)
      • APAC POLYLACTIC ACIDMARKET BY BEET ROOT 2014 -2022 ($ MILLION)
  1. GEOGRAPHIC ANALYSIS
    • CHINA POLYLACTIC ACIDMARKET 2014 -2022 ($ MILLION)
    • INDIA POLYLACTIC ACIDMARKET 2014 -2022 ($ MILLION)
    • KOREA POLYLACTIC ACIDMARKET 2014 -2022 ($ MILLION)
    • JAPAN POLYLACTIC ACIDMARKET 2014 -2022 ($ MILLION)
    • AUSTRALIA POLYLACTIC ACIDMARKET 2014 -2022 ($ MILLION)
    • REST OF ASIA PACIFIC POLYLACTIC ACIDMARKET 2014 -2022 ($ MILLION)
  2. GLOBAL VS APAC MARKET “A COMPARATIVE STUDY”
    • DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY
    • COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
    • OPPORTUNITY MATRIX
    • US VS APAC MARKET
    • EUROPE VS APAC MARKET
    • ROW VS APAC MARKET
  3. COMPANY PROFILES
    • BASF
    • BRASKEM
    • CORBION N.V.
    • DOW CHEMICALS
    • DUPONT CORPORATION
    • EASTMAN CHEMICAL COMPANY
    • EXXONMOBIL CORPORATION
    • FUTERRO
    • MITSUBISHI CHEMICAL HOLDING CORPORATION
    • NATUREWORKS LLC.
    • NOVA CHEMICALS
    • SULZER
    • TEIJIN
    • TORAY INDUSTRIES
    • ZHEJIANG HISUN BIOMATERIALS CO., LTD

LIST OF TABLES

  1. APAC POLYLACTIC ACIDMARKET BY APPLICATION 2014 -2022 ($ MILLION)
  2. APAC AGRICULTURE POLYLACTIC ACID MARKET BY GEOGRAPHY 2014-2022,($ MILLIONS)
  3. APAC TEXTILES POLYLACTIC ACIDMARKET BY GEOGRAPHY 2014 -2022 ($ MILLION)
  4. APAC ELECTRONICS POLYLACTIC ACIDMARKET BY GEOGRAPHY 2014 -2022 ($ MILLION)
  5. APAC PACKAGING POLYLACTIC ACIDMARKET BY GEOGRAPHY 2014 -2022 ($ MILLION)
  6. APAC OTHER APPLICATIONS POLYLACTIC ACIDMARKET BY GEOGRAPHY 2014 -2022 ($ MILLION)
  7. APAC POLYLACTIC ACIDMARKET BY RAW MATERIAL 2014 -2022 ($ MILLION)
  8. APAC SUGARCANE POLYLACTIC ACIDMARKET BY GEOGRAPHY 2014 -2022 ($ MILLION)
  9. APAC CASSAVA FLOOR POLYLACTIC ACIDMARKET BY GEOGRAPHY 2014 -2022 ($ MILLION)
  10. APAC CORN POLYLACTIC ACIDMARKET BY GEOGRAPHY 2014 -2022 ($ MILLION)
  11. APAC BEET ROOT POLYLACTIC ACIDMARKET BY GEOGRAPHY 2014 -2022 ($ MILLION)

LIST OF FIGURE

  1. APAC POLYLACTIC ACIDMARKET BY AGRICULTURE 2014-2022 ($ MILLION)
  2. APAC POLYLACTIC ACIDMARKET BY TEXTILES 2014-2022 ($ MILLION)
  3. APAC POLYLACTIC ACIDMARKET BY ELECTRONICS 2014 -2022 ($ MILLION)
  4. APAC POLYLACTIC ACIDMARKET BY PACKAGING 2014-2022 ($ MILLIONS)
  5. APAC POLYLACTIC ACIDMARKET BY OTHER APPLICATIONS 2014 -2022 ($ MILLION)
  6. APAC POLYLACTIC ACIDMARKET BY SUGARCANE 2014 -2022 ($ MILLION)
  7. APAC POLYLACTIC ACIDMARKET BY CASSAVA FLOOR 2014 -2022 ($ MILLION)
  8. APAC POLYLACTIC ACIDMARKET BY CORN 2014 -2022 ($ MILLION)
  9. APAC POLYLACTIC ACIDMARKET BY BEET ROOT 2014 -2022 ($ MILLION)
  10. CHINA POLYLACTIC ACIDMARKET 2014 -2022 ($ MILLION)
  11. INDIA POLYLACTIC ACIDMARKET 2014 -2022 ($ MILLION)
  12. KOREA POLYLACTIC ACIDMARKET 2014 -2022 ($ MILLION)
  13. JAPAN POLYLACTIC ACIDMARKET 2014 -2022 ($ MILLION)
  14. AUSTRALIA POLYLACTIC ACIDMARKET 2014 -2022 ($ MILLION)

 

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