Lactic Acid And Poly Lactic Acid (PLA) Market by Lactic Acid Application and Polylactic Acid Application - Global Industry Analysis and Forecast to 2022
Published On : September 2017 Pages : 147 Category: Advanced Materials Report Code : CM09236
Industry Outlook and Trend Analysis
The Lactic Acid & Polylactic Acid market was valued around USD 1.21 billion and USD 0.32 billion respectively in 2017 and is expected to reach roughly USD 3.16 billion and USD 0.93 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 11.11% and 12.21% respectively during the forecast years. The market is anticipated to reflect substantial growth due to increasing utilization in textiles, packaging and personal care products. Growing demand of lactic acid as a feedstock for the production of polylactic acid is anticipated to boost the demand of the product in the upcoming years. Growing utilization in body care products, shampoos and creams as it improves effects, promotes exfoliation and renewal of cell and enhances synthesis of collagen and elastin is anticipated to boost the demand of the product over the estimated time frame. Developing pharmaceutical industries in the United States owing to rising expenditure on medicines is anticipated to boost the growth of this market. The presence of major manufacturers such as Unilever, Procter & Gamble and Johnson & Johnson in the United States is anticipated to boost the demand of the personal care products. Increasing awareness among consumers for recyclability, sustainability and green packaging is expected to boost the demand of polylactic acid over the estimated time frame. Another imperative sector is textile that reflects significant growth rate as polylctic acid renders pleasant and smooth fabrics. However, high PLA cost over regular polymers including Polypropylene (PP) and Polystyrene (PS) is relied upon to impede industry development. Furthermore, unstable raw material prices that include tapioca starch, corn and sugar are expected to inhibit the expansion if the market.
Application Outlook and Trend Analysis
Polylactic acid market is anticipated to reflect significant growth in the following years. It fills the need of material coloring utilized for biodegradable based polymer generation and stow away deliming in leather processing. Increasing regulations enforced by the government and rising environmental concerns is said to fuel the growth of the polylactic acid market. The product is extensively useful for bottles, containers, jars and food packaging. These bottles are disposable, long-lasting glossy and transparent. It is conveniently degradable when contrasted with petroleum derivative inferred items and don't radiate hurtful gasses on consuming. In industrial application the lactic acid market is anticipated to reflect significant growth. It is extensively utilized in the production of lactate solvents and biodegradable polymers. Lactate ester solvents such as ethyl lactate and butyl lactate have non-toxic and biodegradable properties and are useful in industrial and consumer applications. Lactic acid is useful in various products like salads, confectionery, beverages, dairy products, meat products, bakery products and ready meals.
Regional Outlook and Trend Analysis
The dominant regional market for lactic acid was North America in 2017 that registered for 34.4 percent of the total volume. The region is anticipated to reflect considerable growth on account of increasing demand for polylactic acid and personal care products. Growing fragrance and pharmaceutical industry is anticipated to boost the growth of the market in North America. Developing pharmaceutical industry in the United States and Mexico on account of the support from government and growing investment is anticipated to bolster the market growth. Asia Pacific is expected to reflect significant growth owing to the presence of major manufacturing companies in developing countries like Japan, India and China. Changing ways of life alongside rising awareness with respect to the upgrade of the general identity of a person in different nations including Malaysia, China, India and Sri Lanka is relied upon to drive the global cosmetic market.
Competitive Insights
Some of the major players in the global lactic acid & polylactic acid market are NatureWorks, Henan Jindan Lactic Acid Technology Co., Ltd, CSM N.V, Musashino Chemical Laboratory Co. Ltd, Pyramid Bioplastics, Teijin, Futerro SA, Synbra B.V, Dow Chemical Company and Wei Mon Industry Co., Ltd. Most extreme organizations determine lactic acid by the technique of maturation, because of its minimal effort creation and need for bio based products.
The global lactic acid & polylactic acid market is segmented a follows-
Lactic Acid Application
- Food and beverages
- Personal care
- Industrial
- Pharmaceuticals
- Others
Polylactic Acid Application
- Textiles
- Packaging
- Transport
- Agriculture
- Electronics
- Others
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
- Others
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2022?
- What will be the industry market growth from 2017 to 2022?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
- Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, Estimates and Forecast, 2014-2022 ($Million)
- Food and beverages
- Personal care
- Industrial
- Pharmaceuticals
- Other Lactic Acid Applications
- Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, Estimates and Forecast, 2014-2022 ($Million)
- Textiles
- Packaging
- Transport
- Agriculture
- Electronics
- Other Polylactic Acid Applications
- Lactic Acid And Poly Lactic Acid (PLA) Market, By Region, Estimates and Forecast, 2014-2022 ($Million)
- North America
- North America Lactic Acid And Poly Lactic Acid (PLA) Market, By Country
- North America Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- North America Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- U.S. Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- U.S. Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Canada Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Canada Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Mexico Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Mexico Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
-
- Europe
- Europe Lactic Acid And Poly Lactic Acid (PLA) Market, By Country
- Europe Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Europe Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Germany Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Germany Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- France Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- France Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- UK Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- UK Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Italy Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Italy Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Spain Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Spain Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Rest of Europe Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Rest of Europe Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
-
- Asia-Pacific
- Asia-Pacific Lactic Acid And Poly Lactic Acid (PLA) Market, By Country
- Asia-Pacific Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Asia-Pacific Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Japan Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Japan Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Australia Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Australia Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- India Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- India Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- South Korea Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- South Korea Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Rest of Asia-Pacific Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Rest of Asia-Pacific Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Asia-Pacific
-
- Rest of the World
- Rest of the World Lactic Acid And Poly Lactic Acid (PLA) Market, By Country
- Rest of the World Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Rest of the World Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Brazil Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Brazil Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- South Africa Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- South Africa Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Saudi Arabia Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Saudi Arabia Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Turkey Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Turkey Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- United Arab Emirates Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- United Arab Emirates Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Others Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
- Others Lactic Acid And Poly Lactic Acid (PLA) Market, By PolylLactic Acid Application
- Rest of the World
Table of Contents
1.Introduction
1.1.Report Description
1.2.Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2.Executive Summary
2.1.Key Highlights
3.Market Overview
3.1.Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2.Market Share Analysis
3.3.Market Dynamics
3.3.1. Drivers
3.3.1.1.Increase in Demand for Lactic Acid-Based Personal Care Products
3.3.1.2.Easy availability of raw materials
3.3.1.3.Increasing environmental awareness
3.3.2. Restraints
3.3.2.1.Instability of Raw Material Prices
3.3.3. Opportunities
3.3.3.1.Technological Advancement in Growing Application of Lactic Acid for Manufacturing of Polylactic Acid
4.Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application
4.1.Introduction
4.2.Lactic Acid And Poly Lactic Acid (PLA) Market Assessment and Forecast, By Lactic Acid Application, 2017-2022
4.3.Food and beverages
4.3.1.1.Market Assessment and Forecast, By Region, 2017-2022 ($Million)
4.4.Personal care
4.4.1.1.Market Assessment and Forecast, By Region, 2017-2022 ($Million)
4.5.Industrial
4.5.1.1.Market Assessment and Forecast, By Region, 2017-2022 ($Million)
4.6.Pharmaceuticals
4.6.1.1.Market Assessment and Forecast, By Region, 2017-2022 ($Million)
4.7.Other Lactic Acid Applications
4.7.1.1.Market Assessment and Forecast, By Region, 2017-2022 ($Million)
5.Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application
5.1.Introduction
5.2.Lactic Acid And Poly Lactic Acid (PLA) Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
5.3.Textiles
5.3.1.1.Market Assessment and Forecast, By Region, 2017-2022 ($Million)
5.4.Packaging
5.4.1.1.Market Assessment and Forecast, By Region, 2017-2022 ($Million)
5.5.Transport
5.5.1.1.Market Assessment and Forecast, By Region, 2017-2022 ($Million)
5.6.Agriculture
5.6.1.1.Market Assessment and Forecast, By Region, 2017-2022 ($Million)
5.7.Electronics
5.7.1. Market Assessment and Forecast, By Region, 2017-2022 ($Million)
5.8.Other Polylactic Acid Applications
5.8.1.1.Market Assessment and Forecast, By Region, 2017-2022 ($Million)
6.Lactic Acid And Poly Lactic Acid (PLA) Market, By Region
6.1.Introduction
6.2.Lactic Acid And Poly Lactic Acid (PLA) Market Assessment and Forecast, By Region, 2017-2022 ($Million)
6.3.North America
6.3.1. Market Assessment and Forecast, By Country, 2017-2022 ($Million)
6.3.2. Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.3.3. Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.3.3.1.U.S.
6.3.3.1.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.3.3.1.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.3.3.2.Canada
6.3.3.2.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.3.3.2.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.3.3.3.Mexico
6.3.3.3.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.3.3.3.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.4.Europe
6.4.1. Market Assessment and Forecast, By Country, 2017-2022 ($Million)
6.4.2. Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.4.3. Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.4.3.1.Germany
6.4.3.1.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.4.3.1.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.4.3.2.France
6.4.3.2.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.4.3.2.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.4.3.3.UK
6.4.3.3.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.4.3.3.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.4.3.4.Italy
6.4.3.4.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.4.3.4.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.4.3.5.Spain
6.4.3.5.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.4.3.5.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.4.3.6.Russia
6.4.3.6.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.4.3.6.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.4.3.7.Rest of Europe
6.4.3.7.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.4.3.7.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.5.Asia-Pacific
6.5.1. Market Assessment and Forecast, By Country, 2017-2022 ($Million)
6.5.2. Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.5.3. Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.5.3.1.Japan
6.5.3.1.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.5.3.1.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.5.3.2.China
6.5.3.2.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.5.3.2.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.5.3.3.Australia
6.5.3.3.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.5.3.3.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.5.3.4.India
6.5.3.4.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.5.3.4.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.5.3.5.South Korea
6.5.3.5.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.5.3.5.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.5.3.6.Taiwan
6.5.3.6.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.5.3.6.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.5.3.7.Rest of Asia-Pacific
6.5.3.7.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.5.3.7.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.6.Rest of the World
6.6.1. Market Assessment and Forecast, By Country, 2017-2022 ($Million)
6.6.2. Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.6.3. Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.6.3.1.Brazil
6.6.3.1.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.6.3.1.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.6.3.2.Turkey
6.6.3.2.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.6.3.2.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.6.3.3.Saudi Arabia
6.6.3.3.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.6.3.3.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.6.3.4.South Africa
6.6.3.4.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.6.3.4.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.6.3.5.United Arab Emirates
6.6.3.5.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.6.3.5.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
6.6.3.6.Others
6.6.3.6.1.Market Assessment and Forecast, By Lactic Acid Application, 2017-2022 ($Million)
6.6.3.6.2.Market Assessment and Forecast, By Polylactic Acid Application, 2017-2022 ($Million)
7.Company Profiles
7.1.Danimer Scientific
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Strategic Developments
7.2.BASF SE
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Key Financials
7.2.4. Strategic Developments
7.3.Galactic (a subsidiary of Finasurce SA)
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Key Financials
7.3.4. Strategic Developments
7.4.Henan Jindan Lactic Acid Technology Co., Ltd
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.5.Musashino Chemical Laboratory, Ltd.
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.6.NatureWorks LLC
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.7.Corbion
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Key Financials
7.7.4. Strategic Developments
7.8.Synbra Technology BV
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.9.Hitachi, Ltd.
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Key Financials
7.9.4. Strategic Developments
7.10.Sulzer Ltd
7.10.1.Business Overview
7.10.2.Product Portfolio
7.10.3.Key Financials
7.10.4.Strategic Developments
7.11.thyssenkrupp AG
7.11.1.Business Overview
7.11.2.Product Portfolio
7.11.3.Strategic Developments
7.12.VAISHNAVI BIO-TECH LIMITED
7.12.1.Business Overview
7.12.2.Product Portfolio
7.12.3.Strategic Developments
7.13.Teijin Ltd
7.13.1.Business Overview
7.13.2.Product Portfolio
7.13.3.Key Financials
7.13.4.Strategic Developments
List of Tables
Table 1.Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application ($Million), 2017-2022
Table 2.Food and beverages Market, By Region ($Million), 2017-2022
Table 3.Personal care Market, By Region ($Million), 2017-2022
Table 4.Industrial Market, By Region ($Million), 2017-2022
Table 5.Pharmaceuticals Market, By Region ($Million), 2017-2022
Table 6.Other lactic Acid Applications Market, By Region ($Million), 2017-2022
Table 7.Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application ($Million), 2017-2022
Table 8.Textiles Market, By Region ($Million), 2017-2022
Table 9.Packaging Market, By Region ($Million), 2017-2022
Table 9.Transport Market, By Region ($Million), 2017-2022
Table 10.Agriculture Market, By Region ($Million), 2017-2022
Table 11.Electronics Market, By Region ($Million), 2017-2022
Table 12.Other Polylactic Acid Applications Market, By Region ($Million), 2017-2022
Table 13.Lactic Acid And Poly Lactic Acid (PLA) Market, By Region ($Million), 2017-2022
Table 14.North America Lactic Acid And Poly Lactic Acid (PLA) Market, By Country, 2017-2022 ($Million)
Table 15.North America Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 16.North America Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 17.U.S. Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 18.U.S. Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 19.Canada Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 20.Canada Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 21.Mexico Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 22.Mexico Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 23.Europe Lactic Acid And Poly Lactic Acid (PLA) Market, By Country, 2017-2022 ($Million)
Table 24.Europe Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 25.Europe Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 26.Germany Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 27.Germany Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 28.France Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 29.France Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 30.UK Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 31.UK Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 32.Italy Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 33.Italy Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 34.Spain Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 35.Spain Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 36.Russia Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 37.Russia Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 38.Rest of Europe Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 39.Rest of Europe Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 40.Asia-Pacific Lactic Acid And Poly Lactic Acid (PLA) Market, By Country, 2017-2022 ($Million)
Table 41.Asia-Pacific Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 42.Asia-Pacific Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 43.Japan Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 44.Japan Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 45.China Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 46.China Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 47.Australia Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 48.Australia Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 49.India Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 50.India Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 51.South Korea Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 52.South Korea Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 53.Taiwan Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 54.Taiwan Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 55.Rest of Asia-Pacific Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 56.Rest of Asia-Pacific Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 57.Rest of the World Lactic Acid And Poly Lactic Acid (PLA) Market, By Country, 2017-2022 ($Million)
Table 58.Rest of the World Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 59.Rest of the World Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 60.Brazil Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 61.Brazil Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 62.Turkey Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 63.Turkey Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 64.Saudi Arabia Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 65.Saudi Arabia Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 66.South Africa Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 67.South Africa Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 68.United Arab Emirates Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 69.United Arab Emirates Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 70.Others Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017-2022 ($Million)
Table 71.Others Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017-2022 ($Million)
Table 72.Danimer Scientific: Key Strategic Developments, 2017-2017
Table 73.BASF SE: Key Strategic Developments, 2017-2017
Table 74.Galactic (a subsidiary of Finasurce SA): Key Strategic Developments, 2017-2017
Table 75.Henan Jindan Lactic Acid Technology Co., Ltd: Key Strategic Developments, 2017-2017
Table 76.Musashino Chemical Laboratory, Ltd.: Key Strategic Developments, 2017-2017
Table 77.NatureWorks LLC: Key Strategic Developments, 2017-2017
Table 78.Corbion: Key Strategic Developments, 2017-2017
Table 79.Synbra Technology BV: Key Strategic Developments, 2017-2017
Table 80.Hitachi, Ltd.: Key Strategic Developments, 2017-2017
Table 81.Sulzer Ltd: Key Strategic Developments, 2017-2017
Table 82.thyssenkrupp AG: Key Strategic Developments, 2017-2017
Table 83.VAISHNAVI BIO-TECH LIMITED: Key Strategic Developments, 2017-2017
Table 84.Teijin Ltd: Key Strategic Developments, 2017-2017
List of Figures
Figure 1.Lactic Acid And Poly Lactic Acid (PLA) Market, By Lactic Acid Application, 2017 & 2022 ($Million)
Figure 2.Lactic Acid And Poly Lactic Acid (PLA) Market, By Polylactic Acid Application, 2017 & 2022 ($Million)
Figure 3.Lactic Acid And Poly Lactic Acid (PLA) Market, By Region, 2017, ($Million)
Figure 4.BASF SE: Net Revenues, 2017-2017 ($Million)
Figure 5.BASF SE: Net Revenue Share, By Segment, 2017
Figure 6.BASF SE: Net Revenue Share, By Geography, 2017
Figure 7.Galactic (a subsidiary of Finasurce SA): Net Revenues, 2017-2017 ($Million)
Figure 8.Galactic (a subsidiary of Finasurce SA): Net Revenue Share, By Segment, 2017
Figure 9.Galactic (a subsidiary of Finasurce SA): Net Revenue Share, By Geography, 2017
Figure 10.Corbion: Net Revenues, 2017-2017 ($Million)
Figure 11.Corbion: Net Revenue Share, By Segment, 2017
Figure 12.Corbion: Net Revenue Share, By Geography, 2017
Figure 13.Hitachi, Ltd.: Net Revenues, 2017-2017 ($Million)
Figure 14.Hitachi, Ltd.: Net Revenue Share, By Segment, 2017
Figure 15.Hitachi, Ltd.: Net Revenue Share, By Geography, 2017
Figure 16.Sulzer Ltd: Net Revenues, 2017-2017 ($Million)
Figure 17.Sulzer Ltd: Net Revenue Share, By Segment, 2017
Figure 18.Sulzer Ltd: Net Revenue Share, By Geography, 2017
Figure 19.Teijin Ltd: Net Revenues, 2017-2017 ($Million)
Figure 20.Teijin Ltd: Net Revenue Share, By Segment, 2017
Figure 21.Teijin Ltd: Net Revenue Share, By Geography, 2017
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
|
Data Collection Matrix |
Supply Side |
Demand Side |
|
Primary Data Sources |
|
|
|
Secondary Data Sources |
|
|
Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
|
Qualitative Data |
Quantitative Data (2017-2025) |
|
|