Global Lactic Acid & Poly Lactic Acid (PLA) Market Forecast 2016

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MarketsandMarkets Presents
Global Lactic Acid Poly Lactic Acid (PLA)
Market is growing at a CAGR of 18.7 and is
expected to reach 3,831.3 Million by 2016

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The report Global Lactic Acid Poly Lactic Acid
(PLA) Market by Raw Materials, Types,
Applications and Potential Opportunities
(Forecast to 2016) defines and segments the
global lactic acid and polylactic acid market
with analysis and forecasts of the global volumes
and revenues for lactic acid and PLA. It also
identifies driving and restraining factors for
the global lactic acid and polylactic acid market
with analysis of trends, opportunities, burning
issues, and challenges. The market is segmented
and revenue is forecasted on the basis of major
geographies such as North America, Europe, Asia
Pacific, Latin America and Rest of the World
(ROW). The key countries are covered and
forecasted for each geographical region. Further
market is segmented and revenues are forecasted
on the basis of raw materials, and application
types. Browse gtgt 100 market
data tables 100 figures
300 pages and in-depth TOC on
Global Lactic Acid Poly Lactic Acid Market
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receive 10 customization of this report.
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The PLA Market is being driven by increased
sustainability and reduced dependence on
oil-based products as there is no other
commercially equivalent or better bio plastic
alternative available currently. Further
technical advancement in production capabilities
and enhancing properties of polymers will be
fueling the growth. PLA has been seen as an
alternative for polyethylene terephthalate (PET)
due to its mechanical properties such as low
impact strength, hardness, stiffness, and
elasticity. The major hurdle that is currently
inhibiting the growth of the market is supply
limitations, and prices of PLA that are more than
the fossil fuel-based polymers. The global Poly
Lactic Acid Market for was estimated to be worth
1,194.0 million in 2010 and is expected to reach
3,831.3 million by 2016, growing at a CAGR of
18.7 from 2011 to 2016. Packaging is the largest
application market for PLA, accounting for 60 of
the overall market in 2010. Europe and North
America are the biggest markets for PLA whereas
Asia-Pacific is one of the fastest growing
markets. The growth in the market of Asia-Pacific
is expected to be fueled by countries such as
Japan, India, China, and Thailand. Inquire
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