ASIA-PACIFIC  POLYLACTIC ACID MARKET 2019-2028

Chemicals & Materials | Specialty Chemicals

ASIA-PACIFIC POLYLACTIC ACID MARKET 2019-2028

Market By Raw Material, End-user, Form And Geography | Forecast 2019-2028

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Triton Market Research, in its report on the polylactic acid market in the Asia-Pacific region, states that it will expand at a CAGR of 12.29% and 14.18% in terms of revenue and volume, respectively in the forthcoming period 2019-2028.



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The countries studied in the Asia-Pacific polylactic acid market are:

           South Korea

           China

           ASEAN countries

           Japan

           India

           Australia & New Zealand

           Rest of APAC countries

In China, the packaging industry has shown tremendous growth. This growth can be attributed to the growing demand from FMCG (fast-moving consumer goods). Besides, there is also a rise in demand for environment-friendly packaging, which is impacting the market growth positively. In addition, the textile industry in China is growing at a steady pace and is likely to dominate the apparel segment internationally. Since polylactic acid is increasingly being used in the packaging sector, the growth in this sector will consequently lead to the development of the studied market in the region over the coming years. Electronics is another major industry in China, owing to the presence of several local and global manufacturers. The growing market for electronics, including laptops, tablets and smartphones, is expected to create potential applications for the polylactic acid market in the country.

Medicine is another sector that makes use of polylactic acid in the composition of different products. In Japan, the government has been implementing various measures to promote the development of innovative drugs and medical devices. The medical sector in the country is anticipated to rise further, and consequently, the studied market will grow as well.

Mitsubishi Chemical Corporation is a company providing industrial materials. It operates in three domains, industrial materials, performance products and other businesses. In the industrial materials domain, it operates through segments, namely, carbon, petrochemicals and polymers. Within the performance products domain, it operates through information & electronics and performance chemicals segments. The company is headquartered in Marunochi Chiyoda-Ku, Japan.

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Table of Content

1.    ASIA-PACIFIC  POLYLACTIC ACID MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1.   PACKAGING IS THE LARGEST CONTRIBUTING END-USER SEGMENT OF THE MARKET

2.2.2.   COATINGS IS THE RAPIDLY-GROWING PRODUCT FORM OF PLA

2.2.3.   CORN IS THE EXTENSIVELY-USED RAW MATERIAL FOR PLA EXTRACTION

2.3. PORTER’S FIVE FORCE ANALYSIS

2.3.1.   THREAT OF NEW ENTRANTS

2.3.2.   THREAT OF SUBSTITUTE

2.3.3.   BARGAINING POWER OF SUPPLIERS

2.3.4.   BARGAINING POWER OF BUYERS

2.3.5.   INTENSITY OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. VALUE CHAIN ANALYSIS

2.6.1.   RAW MATERIAL

2.6.2.   PRODUCTION

2.6.3.   RETAILER/DISTRIBUTOR

2.6.4.   END-USER

2.7. KEY BUYING CRITERIA

2.7.1.   PRICE

2.7.2.   ALTERNATIVES

2.7.3.   AVAILABILITY

2.7.4.   END OF LIFE EFFECTS

2.8. REGULATORY FRAMEWORK

2.9. MARKET DRIVERS

2.9.1.   GOVERNMENT SUPPORT

2.9.2.   GROWTH IN ENVIRONMENTAL DEGRADATION

2.10.   MARKET RESTRAINTS

2.10.1.  HIGHER COST AS COMPARED TO CONVENTIONAL OPTIONS

2.11. MARKET OPPORTUNITIES

2.11.1.  WIDENING DEMAND SUPPLY GAP IN PETROLEUM PRODUCTS DUE TO LIMITED AVAILABILITY

2.12.  MARKET CHALLENGES

2.12.1.  NEED FOR INDUSTRIAL COMPOSTING UNITS

2.12.2.  LOW FUNCTIONALITY AS COMPARED TO CONVENTIONAL ALTERNATIVES

3.    POLYLACTIC ACID MARKET OUTLOOK - BY RAW MATERIAL

3.1. CORN

3.2. SUGARCANE & SUGAR BEET

3.3. CASSAVA

3.4. OTHER RAW MATERIAL

4.    POLYLACTIC ACID MARKET OUTLOOK - BY END-USER

4.1. PACKAGING

4.2. MEDICAL

4.3. TEXTILES

4.4. AGRICULTURE

4.5. ELECTRONICS

4.6. AUTOMOTIVE

4.7. OTHER END-USERS

5.    POLYLACTIC ACID MARKET OUTLOOK - BY FORM

5.1. FIBER

5.2. FILMS & SHEETS

5.3. COATINGS

5.4. OTHER FORMS

6.    POLYLACTIC ACID MARKET – ASIA-PACIFIC

6.1. CHINA

6.2. JAPAN

6.3. INDIA

6.4. SOUTH KOREA

6.5. ASEAN COUNTRIES

6.6. AUSTRALIA & NEW ZEALAND

6.7. REST OF ASIA-PACIFIC

7.    COMPETITIVE LANDSCAPE

7.1. NATUREWORKS LLC

7.2. BASF

7.3. MITSUBISHI CHEMICAL HOLDING CORPORATION

7.4. ZHEJIANG HISUN BIOMATERIALS CO LTD

7.5. FUTERRO SA

7.6. SYNBRA HOLDING BV

7.7. TEIJIN LIMITED

7.8. DOW  

7.9. THYSSENKRUPP AG

7.10.  DANIMER SCIENTIFIC

7.11.  GREEN DOT BIOPLASTICS

7.12.  INNOVIA FILMS

7.13. GOOD NATURED PRODUCTS INC

7.14. TOTAL CORBION PLA

8.    RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.1.1.   OBJECTIVES OF STUDY

8.1.2.   SCOPE OF STUDY

8.2. SOURCES OF DATA

8.2.1.   PRIMARY DATA SOURCES

8.2.2.   SECONDARY DATA SOURCES

8.3. RESEARCH METHODOLOGY

8.3.1.   EVALUATION OF PROPOSED MARKET

8.3.2.   IDENTIFICATION OF DATA SOURCES

8.3.3.   ASSESSMENT OF MARKET DETERMINANTS

8.3.4.   DATA COLLECTION

8.3.5.   DATA VALIDATION & ANALYSIS

List of table

TABLE 1: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)      

TABLE 2: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN KILO METRIC TON)         

TABLE 3: VENDOR SCORECARD        

TABLE 4: LEGAL, POLICY & REGULATORY FRAMEWORK           

TABLE 5: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY RAW MATERIAL, 2019-2028 (IN $ MILLION)      

TABLE 6: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN $ MILLION)      

TABLE 7: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY END-USER, 2019-2028 (IN KILO METRIC TON)         

TABLE 8: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY FORM, 2019-2028 (IN $ MILLION)           

TABLE 9: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)      

TABLE 10: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN KILO METRIC TON)         

List of Figures

FIGURE 1: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY END-USER, 2019 & 2028 (IN %)           

FIGURE 2: ASIA-PACIFIC PACKAGING MARKET, 2019-2028 (IN $ MILLION)    

FIGURE 3: ASIA-PACIFIC COATINGS MARKET, 2019-2028 (IN $ MILLION)       

FIGURE 4: ASIA-PACIFIC CORN MARKET, 2019-2028 (IN $ MILLION)    

FIGURE 5: PORTER’S FIVE FORCE ANALYSIS        

FIGURE 6: MARKET ATTRACTIVENESS INDEX       

FIGURE 7: VALUE CHANIN ANALYSIS

FIGURE 8: KEY BUYING CRITERIA      

FIGURE 9: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY CORN, 2019-2028 (IN $ MILLION)           

FIGURE 10: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY SUGARCANE & SUGAR BEET, 2019-2028 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY CASSAVA, 2019-2028 (IN $ MILLION)      

FIGURE 12: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY OTHER RAW MATERIAL, 2019-2028 (IN $ MILLION)          

FIGURE 13: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY PACKAGING, 2019-2028 (IN $ MILLION)      

FIGURE 14: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY MEDICAL, 2019-2028 (IN $ MILLION)      

FIGURE 15: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY TEXTILES, 2019-2028 (IN $ MILLION)      

FIGURE 16: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY AGRICULTURE, 2019-2028 (IN $ MILLION)      

FIGURE 17: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY ELECTRONICS, 2019-2028 (IN $ MILLION)      

FIGURE 18: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY AUTOMOTIVE, 2019-2028 (IN $ MILLION)      

FIGURE 19: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)        

FIGURE 20: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY FIBER, 2019-2028 (IN $ MILLION)           

FIGURE 21: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY FILMS & SHEETS, 2019-2028 (IN $ MILLION)      

FIGURE 22: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY COATINGS, 2019-2028 (IN $ MILLION)      

FIGURE 23: ASIA-PACIFIC POLYLACTIC ACID MARKET, BY OTHER FORMS, 2019-2028 (IN $ MILLION)      

FIGURE 24: ASIA-PACIFIC POLYLACTIC ACID MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 25: CHINA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)    

FIGURE 26: JAPAN POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)   

FIGURE 27: INDIA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)      

FIGURE 28: SOUTH KOREA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)           

FIGURE 29: ASEAN COUNTRIES POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)  

FIGURE 30: AUSTRALIA & NEW ZEALAND POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)      

FIGURE 31: REST OF ASIA-PACIFIC  POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)           

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