worldwide Lactic Acid & Polylactic Acid Market Trends & Forecasts to 2019

Press Release   •   Sep 26, 2014 18:01 EDT

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

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).

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 bioplastic alternatives that are currently available. Further technological advancements in the production capabilities and enhancing properties of polymers are projected to fuel the growth.

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The packaging industry is estimated to be the largest market for PLA in 2014, followed by the textile segment

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.

Scope Of The Report

This report focuses on the markets for lactic acid and polylactic acid (PLA), which are respectively segmented on the basis of applications and geography.

Lactic acid market

On the basis of application:

  • Biodegradable polymers
  • Food & beverages
  • Personal care products
  • Pharmaceuticals
  • Others

On the basis of geography:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Polylactic acid (PLA) market

On the basis of application:

  • Packaging
  • Agriculture
  • Automobile
  • Electronics
  • Textile
  • Others

On the basis of geography:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

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Table of Contents

1 Introduction

2 Executive Summary

3 Premium Insights

4 Industry Analysis

5 Market Overview

6 Market Analysis

7 Lactic Acid Market, By Application

8 Lactic Acid Market, By Geography

9 Polylactic Acid Market, By Application

10 Polylactic Acid Market, By Geography

11 Competitive Landscape

12 Company Profiles
12.1 Basf Se
12.2 Corbion Purac
12.3 Danimer Scientific Llc
12.4 Galactic S.A.
12.5 Henan Jindan Lactic Acid Technology Co., Ltd
12.6 Natureworks Llc
12.7 Synbra Technology B.V.
12.8 Teijin Ltd
12.9 The Dow Chemical Company
12.10 Wei Mon Industry Co., Ltd.

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