Report includes players like Basf Se, Corbion Purac, Danimer Scientific Llc, Galactic S.A, Henan Jindan Lactic Acid Technology Co. Ltd, Natureworks Llc, Synbra Technology B.V and Teijin Ltd
(PRWEB) August 18, 2014
Polylactic acid (PLA) is a transparent plastic made of natural resources. The manufacture of PLA includes fermentation of raw materials such as corn (maize), sugarcane, sugar beet, wheat, and rice to produce lactic acid. This is further polymerized to produce polylactic acid (PLA). The biodegradable nature and the use of bio-based raw materials make PLA an effective plastic polymer across various applications. The majority of PLA applications include packaging, which includes short-lived packaging foils used in yoghurt cups, fruit, vegetable, and meat packaging. Further applications include uses in medical science, agriculture, textiles, and so on.
The market for PLA is being driven by increased sustainability and reduced dependence on oil-based products, as there are no other commercially equivalent or better bio-plastic alternatives that are currently available. Further technological advancements in the production capabilities and enhancing properties of polymers are projected to fuel the growth.
The packaging industry is estimated to be the largest market for PLA in 2014, followed by the textile segment. Complete report is available at http://www.reportsnreports.com/reports/295444-lactic-acid-market-by-application-biodegradable-polymer-food-beverage-personal-care-pharmaceutical-polylactic-acid-market-by-application-packaging-agriculture-automobile-electronics-textile-geography-global-trends-forecasts-to-2019.html.
To maintain a competitive edge in the lactic acid and poly lactic acid markets, the key players invest heavily in the development of new products. The key players were observed to prefer new product launches as their main strategy to garner a larger share in the market. The leading companies have also entered into agreements and collaborations to market new products. The report provides a complete analysis of key companies and a chronology of developments with respect to new products and their applications. It also analyzes the market dynamics, winning imperatives, and issues faced by the prominent players.
The leading players of this industry include BASF Se, Corbion Purac, Danimer Scientific Llc, Galactic S.A, Henan Jindan Lactic Acid Technology Co. Ltd, Natureworks Llc, Synbra Technology B.V, Teijin Ltd, The Dow Chemical Company and Wei Mon Industry Co. Ltd. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=295444 .
Lactic acid-based biodegradable polymers are projected to drive the demand for lactic acid across various industrial applications. The food & beverage segment is the second-largest application for lactic acid and will continue to drive the demand in this market. In this segment, lactic acid is mainly used as an acidulant, pH adjuster, and a preservative. The growth in this segment is projected to be significant as lactic acid is widely used in foods as well as food fortifiers. The lactic acid market is estimated to witness strong demand from these markets as lactic acid will continue to be used in applications such as moisturizers, skin rejuvenating and lightening agents, and anti-acne agents (personal care industry); and dialysis solution mineral preparations, prostheses, surgical sutures, and drug delivery systems (pharmaceuticals).
The report includes development strategies and product portfolios of the leading companies. The profiles of leading companies such as Nature works LLC (U.S.), Synbra Technology B.V (Netherlands), Purac (Netherlands) have been included in the report. The report further provides qualitative analysis of the prominent market players and their preferred development strategies. Priced at US $4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=295444 .
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