Polylactic Acid (PLA) is thermoplastic polyester derived from renewable feedstock such as corn starch, sugarcane, wheat, tapioca roots. PLA has wide application such as in Packaging, Textile, Agriculture, Transportation, Bio-Medical and Electronics industry. Due to environmental concerns and scarcity & volatility of prices of fossil fuels, many companies and government regulatory bodies are focusing to find substitute to oil-based products. Moreover, bio based plastics has huge potential to reduce the consumption and dependency on petroleum based feedstock and lessen negative impact on environment by reducing carbon footprints. Thus, PLA has emerged mainly as source of biodegradable plastics available in the market in recent years. Furthermore, ongoing research and technical development in the field of bio-based plastics have enhanced their properties such as high temperature resistance, thus increasing scope of its application market. The global Polylactic Acid market is presently facing supply crunch as few international manufacturers trying hard to meet rapidly rising demand for bio-based plastics. Thus, it is anticipated that the global Polylactic Acid market will grow at a double digit growth rate.
Meanwhile, raw materials such as corn, genetically modified wheat, sugarcane etc. is abundantly available in Asia Pacific region mainly China thus manufacturers can take advantage of this in availing cost benefit. Moreover, distribution channel also plays a vital role in the life cycle management of PLA due to presence of wide range of end user application.
The report analyses the global Polylactic Acid market by application namely Packaging, Textile, Agriculture, Transportation, Bio-Medical, Electronics and others. Packaging industry captures major share of the application market especially food packaging industry. Furthermore, it is preferred in food packaging industry due to increasing awareness about environmental concerns possess by the use of conventional plastics packaging. Moreover, bio-based plastics have lower carbon footprint as compared to fossil fuel plastics and hence is considered as a potential solution to prevent harmful impact on the environment caused by carbon footprints. Due to technological development and ongoing research on Poly lactic Acid production process it is anticipated that PLA market will find new application with better performance property. The demand of PLA in textile, packaging, transportation will continue to grow due to faster growth in end user industries.
The value chain analysis for Polylactic Acid market consists of stages such as raw material suppliers, Polylactic Acid manufacturers, distribution channels, packaging industry, end users industry. Various value added in each stage is explained in detailed in the report which will enable the stakeholders to be cost competitive and identify requisites for process improvement at various levels of product manufacturing. Top investment pocket analysis comparatively investigates the opportunities available for PLA manufacturers in different end-use industry segments. Various economic factors which are significant in determining market trend, buying decisions and market attractiveness had been analyzed for market estimation and forecasting. Detailed elaboration of drivers, restraints and opportunities in the report will enable in strategic decision making with perceptive to identify potential market. In addition to this, the study also discusses various environmental and regulatory factors critical for the market growth. Thus, estimation of market numbers, with due consideration to all these factors has helped in enhancing the scope of the report. This analysis will support stakeholders such as manufacturers and distributers of Polylactic Acid in identifying and capturing markets with high potential. Five force analysis discusses five forces such as bargaining power of buyers (commercial usage, food and beverage industry, textile, bio-medical, and electronic industry), bargaining power of suppliers (raw material suppliers), Degree of Competition, Threat of New Entrants, and Threat of Substitute Product in detailed. Historical data is provided for 2011, 2012 whereas forecast is available through 2018 in terms of revenue ($million) for each and every segment.
The report also analyses the global PLA market by geography namely North America, Europe, Asia Pacific, Latin America and RoW. Asia Pacific region is expected to grow at a faster rate due to increasing demand from end user market supported by easily availability of naturally occurring raw material such as corn, sugarcane, wheat and tapioca. Thus, many manufacturers are installing Polylactic Acid manufacturing plants in close proximity with such regions in order to get cost advantage. Also, in recent years, food and beverage and its export has increased in China thus it will enable growth of Polylactic Acid market with high double digit growth rate during the forecast period.
Company profiled in this report include Nova Chemicals Corporation, Dow Chemical, Eastman Chemical, DuPont Corporation, Bayer AG, Exxon Mobil Chemical, Chemson Group, Mitsubishi Chemical Corporation (MCC), China Petroleum & Chemical Corporation (Sinopec), Nova Chemicals Corporation and Braskem S.A. including others. The market is also analyzed on the basis of major market players in the global Polylactic Acid market. This analysis is done on the basis of their business strategies and recent organic and inorganic development. Company profiles of top worldwide market players included in this report covers their business strategies, financial overview, SWOT analysis and recent development. This inclusion will enhance the strategic business decision making of the stakeholders.
The global Polylactic Acid market is segmented as below:
Global Poly Lactic Acid Market - By Application
Global Poly Lactic Acid Market - By Geography
CHAPTER 1. INTRODUCTION
1.1. Objectives of the Market Report
1.2. Scope of the Report
1.3. Report Description
CHAPTER 2. EXECUTIVE SUMMARY
CHAPTER 3. KEY FINDINGS: PLA MARKET STUDY
3.1. PLA Market Definition and Scope
3.2. Ban on Plastic Bags: Largely Impacting Factor
3.2.1. Africa
3.2.2. Asia
3.2.2.1. Australia
3.2.2.2. Bangladesh
3.2.2.3. China
3.2.2.4. India
3.2.2.5. Hong Kong
3.2.2.6. New Zealand
3.2.2.7. Taiwan
3.2.3. Europe and Middle East
3.2.3.1. Denmark
3.2.3.2. France
3.2.3.3. Germany
3.2.3.4. United Kingdom
3.2.4. The Americas
3.2.4.1. Canada
3.2.4.2. Mexico
3.2.4.3. United States
3.3. Top Ten Factors Impacting The Pla Market
3.4. Top Winning Strategies In The Pla Market
3.5. Top Investment Pockets In The Pla Application Market
3.6. Polylactic Acid Market Dynamics
3.6.1. Drivers
3.6.1.1. PLA - an Effective Alternative to Conventional Polymers
3.6.1.1.1. Sustainability
3.6.1.1.2. Innovative Applications
3.6.1.1.3. Biodegradability
3.6.1.2. Low Production Cost IncreasesProduction Capacity of Manufacturers
3.6.1.2.1. Cheap Raw Materials
3.6.1.2.2. Abundance of Raw Materials
3.6.1.3. Raw Materials Availability
3.6.1.3.1. High Production
3.6.1.3.2. Choice of Raw Material
3.6.1.3.3. Advancement in Agricultural Engineering
3.6.1.4. Government Incentives
3.6.1.5. Environment Safety Awareness
3.6.1.5.1. Greenhouse Gases and Depleting Fossil Fuels
3.6.1.5.2. Disposal of Waste Materials
3.6.1.6. Limited Fossil Fuel Resources and Rising Petrochemical Price
3.6.2. Restraints
3.6.2.1. Need of Industrial Composting
3.6.2.1.1. Need of Specific Temperature and Environment to Degrade
3.6.2.1.2. Harmful Remnants Evolving on Decomposition
3.6.2.1.3. Normal Condition Decomposition Requires 10 to 1000 Years
3.6.2.2. Agricultural Fiber Alternatives
3.6.3. Opportunities
3.6.3.1. Genetic Modification of Corn
3.6.3.2. Decrease in Hazardous Remnants and Gases
3.6.3.3. Reinforcement of PLA with other Materials
3.6.3.4. Better PLA Features
3.7. CASE STUDIES
3.7.1. Development of Bio-Plastics for Electronic Equipment
3.7.2. New PLA Foam Packaging Production Process to Improve Shelf-Life, Degradability and Thermal ustainability
3.7.3. Introduction of Extrusion-Blown PLA Bottle for the First Time in Europe
3.7.4. Use of Injectable Polylactic Acid for Acne Scars
3.7.5. PLA Enhanced with Better Heat Resistance
CHAPTER 4. GLOBAL PLA MARKET BY APPLICATION
4.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
4.2. PLA in Packaging Industries
4.2.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
4.2.2. Key Factors Impacting Packaging Industries
4.2.2.1. Increased Shelf-Life
4.2.2.2. Food Hygiene Awareness
4.3. PLA in Textile (Wovens & Non Wovens) Industries
4.3.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
4.3.2. Reasons for Use of PLA in Textile
4.3.3. Key Factors Impacting Textile Industries
4.3.3.1. Environment Friendliness
4.3.3.2. Growing Textile Industry
4.4. PLA in Agricultural Industries
4.4.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
4.4.1.1. Key Factors Impacting Agricultural Industries
4.4.1.2. Growth Prospects of Agricultural Industry
4.4.1.3. Increase in Per Capita Income
4.5. PLA in Bio-Medical Industries
4.5.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
4.5.2. Key Factors Impacting Bio-Medical Industries
4.5.2.1. Bioresorbability
4.5.2.2. Mechanical Strength
4.5.2.3. Increasing Expenditure in Healthcare
4.6. PLA in Electronics Industry
4.6.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
4.6.2. Key Factors Impacting Electronics Industries
4.6.2.1. Versatile Usability
4.6.2.2. Growing Electronic Industry
4.6.2.3. Growing Consumer market
4.7. PLA in Other Industries
4.7.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
CHAPTER 5. PLA PRODUCTION AND RAW MATERIALS
5.1. Corn
5.2. Tapioca
5.3. Sugarcane
5.4. Others
CHAPTER 6. PLA AND GEOGRAPHIC MARKETS
6.1. North America Polylactic Acid Market, 2012 – 2020 ($million)
6.2. Europe Polylactic Acid, 2012 – 2020 ($million)
6.3. Asia Pacific Polylactic Acid, 2012 – 2020 ($million)
6.4. Rest of the World Polylactic Acid, 2012 – 2020 ($million)
CHAPTER 7. COMPANY PROFILES
7.1. Nova Chemicals Corporation
7.1.1. Company Overview
7.1.2. Business Performance
7.1.3. Key Financials
7.1.4. Strategies
7.1.5. SWOT Analysis
7.2. Nature Works LLC
7.2.1. Company Overview
7.2.2. Business Performance
7.2.3. Key Financials
7.2.4. Strategies
7.2.5. SWOT Analysis
7.3. ExxonMobil Corporation
7.3.1. Company Overview
7.3.2. Business Performance
7.3.3. Key Financials
7.3.4. Strategies
7.3.5. SWOT Analysis
7.4. Eastman Chemical Company
7.4.1. Company Overview
7.4.2. Business Performance
7.4.3. Key Financials
7.4.4. Strategies
7.4.5. SWOT Analysis
7.5. DuPont Corporation
7.5.1. Company Overview
7.5.2. Business Performance
7.5.3. Key Financials
7.5.4. Strategies
7.5.5. SWOT Analysis
7.6. Dow Chemical’s Corporation
7.6.1. Company Overview
7.6.2. Business Performance
7.6.3. Key Financials
7.6.4. Strategies
7.6.5. SWOT Analysis
7.7. Bayer AG
7.7.1. Company Overview
7.7.2. Business Performance
7.7.3. Key Financials
7.7.4. Strategies
7.7.5. SWOT Analysis
7.8. China Petroleum & Chemical Corporation
7.8.1. Company Overview
7.8.2. Business Performance
7.8.3. Key Financials
7.8.4. Strategies
7.8.5. SWOT Analysis
7.9. Mitsubishi Chemical Corporation
7.9.1. Company Overview
7.9.2. Business Performance
7.9.3. Key Financials
7.9.4. Strategies
7.9.5. SWOT Analysis
7.10. Braskem
7.10.1. Company Overview
7.10.2. Business Performance
7.10.3. Key Financials
7.10.4. Strategies
7.10.5. SWOT Analysis
LIST OF TABLES:
TABLE 1 GLOBAL POLY LACTIC ACID MARKET REVENUES, 2013 – 2020 ($MILLION)
TABLE 2 GLOBAL POLY LACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013 – 2020 ($MILLION)
TABLE 3 GLOBAL POLY LACTIC ACID MARKET REVENUES IN PACKAGING, 2013 – 2020 ($MILLION)
TABLE 4 GLOBAL POLY LACTIC ACID MARKET REVENUES IN TEXTILES, 2013 – 2020 ($MILLION)
TABLE 5 GLOBAL POLY LACTIC ACID MARKET REVENUES IN AGRICULTURE, 2013 – 2020 ($MILLION)
TABLE 6 GLOBAL POLY LACTIC ACID MARKET REVENUES IN BIO-MEDICALS, 2013 – 2020 ($MILLION)
TABLE 7 GLOBAL POLY LACTIC ACID MARKET REVENUES IN ELECTRONICS, 2013 – 2020 ($MILLION)
TABLE 8 GLOBAL POLY LACTIC ACID MARKET REVENUES IN OTHER INDUSTRIES, 2013 – 2020 ($MILLION)
TABLE 9 NORTH AMERICAN POLYLACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013 – 2020 ($MILLION)
TABLE 10 EUROPEAN POLYLACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013 – 2020 ($MILLION)
TABLE 11 ASIA-PACIFIC POLYLACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013 – 2020 ($MILLION)
TABLE 12 REST OF THE WORLD POLYLACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013 – 2020 ($MILLION)
TABLE 13 NOVA CHEMICALS SNAPSHOT
TABLE 14 NATUREWORKS SNAPSHOT
TABLE 15 EXXONMOBIL SNAPSHOT
TABLE 16 EASTMAN SNAPSHOT
TABLE 17 DUPONT CORPORATION SNAPSHOT
TABLE 18 DOW CHEMICAL CORPORATION SNAPSHOT
TABLE 19 BAYER AG SNAPSHOT
TABLE 20 SINOPEC SNAPSHOT
TABLE 21 MITSUBISHI CHEMICAL SNAPSHOT
TABLE 22 BRASKEM SNAPSHOT
LIST OF FIGURES:
FIG. 1 TYPE OF BIO-PLASTICS
FIG. 2 TOP TEN FACTORS IMPACTING PLA MARKET
FIG. 3 TOP INDUSTRY STRATEGIES IN PLA AND BIO-PLASTICS MARKET (2010 TO 2012)
FIG. 4 TOP INVESTMENT POCKETS IN PLA APPLICATIONS MARKET
FIG. 5 ELECTRONICS EQUIPMENT MANUFACTURING BY GEOGRAPHY 2012
FIG. 6 FINANCIAL REVENUES OF NOVA CHEMICALS FROM CONTINUING OPERATIONS AS PER PERFORMANCE SEGMENTS, 2010 – 2012 ($MILLION)
FIG. 7 SALES OF NOVA CHEMICALS, BY GEOGRAPHIC SEGMENT 2012 (%)
FIG. 8 SWOT ANALYSIS OF NOVA CHEMICALS CORPORATION
FIG. 9 SWOT ANALYSIS OF NATUREWORKS LLC
FIG. 10 PRIMARY SEGMENTS EARNINGS OF EXXONMOBIL, 2012 ($MILLION)
FIG. 11 SWOT ANALYSIS OF EXXONMOBIL CORPORATION
FIG. 12 FINANCIAL REVENUE OF EASTMAN, BY MARKETS, 2012 ($MILLION)
FIG. 13 COMBINED SALES OF EASTMAN REVENUE, BY GEOGRAPHY, 2012 ($MILLION)
FIG. 14 SWOT ANALYSIS OF EASTMAN CHEMICAL COMPANY
FIG. 15 NET SALES OF DUPONT CORPORATION AS PER BUSINESS SEGMENT, 2012 ($MILLION)
FIG. 16 SWOT ANALYSIS OF DUPONT
FIG. 17 SALES OF DOW CHEMICAL PER YEAR, 2010 - 2012 ($MILLION)
FIG. 18 PERCENT OF SALES OF DOW CHEMICAL AS PER GEOGRAPHY 2012 ($MILLION)
FIG. 19 SWOT ANALYSIS OF DOW CHEMICAL CORPORATION
FIG. 20 SALES OF BAYER AG AS PER SEGMENTS FOURTH QUARTER 2012 ($MILLION)
FIG. 21 SWOT ANALYSIS OF BAYER AG
FIG. 22 SINOPEC’S OPERATING PROFIT YEAR END 31 DECEMBER, 2010 - 2012 ($MILLION)
FIG. 23 SWOT ANALYSIS OF SINOPEC
FIG. 24 MITSUBISHI CHEMICAL CORPORATION TOTAL SALES (NON-CONSOLIDATED), 2010 - 2012 ($MILLION)
FIG. 25 SWOT ANALYSIS OF MITSUBISHI CHEMICAL CORPORATION
FIG. 26 BRASKEM NET REVENUE, 2010 - 2012 ($MILLION)
FIG. 27 SWOT ANALYSIS OF BRASKEM
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