North American Polylactic Acid (PLA) Market Trends, Size, Forecast - 2019-2025


Posted May 29, 2020 by pooja1919

North American Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.6% during the forecast period.

 
North American Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.6% during the forecast period. North America is one of the major markets in global PLA market. There is a wide application area of PLA in polymers which are being used as a substitute in major industries of the region such as automobile, medical, food packaging, electronics, aerospace, agriculture industry, and others. PLA is being used as one of the best biodegradable polymers for these applications. The polymer has remarkable chemical and mechanical properties to be used as a renewable and economical substitute for convention plastic parts.

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PLA polymers are being used in the automobile industry to manufacture air filter part, interior trim parts for aesthetic purpose and other interior and exterior parts of the automotive body. With the growth in automobile, food packaging, medical and agriculture industry of the region, the adoption is being reported in the US and Canada for PLA polymers. The automotive sector is one of the major sectors contributing to the PLA market in North America.

A full report of North American Polylactic Acid (PLA) Market is available at: https://www.omrglobal.com/industry-reports/north-american-polylactic-acid-market

North American PLA Market Segmentation

By Raw Material

Corn-based PLA

Sugar-based PLA

Cassava-based PLA

Others

By Application

Packaging

Construction Material

Catering and Tableware

Agricultural Material

Consumer Goods

Electronic Material

Automobile

Others

Regional Analysis

United States

Canada

Company Profiles

BASF SE

Corbion N.V.

DuPont de Nemours, Inc.

Merck KGaA

MiniFIBERS, Inc.

Mitsubishi Gas Chemical Co., Inc.

NatureWorks LLC

RTP Co.

Sulzer Ltd.

Toray Industries, Inc.

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Last Updated May 29, 2020