LATIN AMERICA POLYLACTIC ACID MARKET 2019-2028

Chemicals & Materials | Specialty Chemicals

LATIN AMERICA POLYLACTIC ACID MARKET 2019-2028

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

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Triton Market Research’s report on the Latin American polylactic acid market illustrates that the industry is anticipated to proliferate at a CAGR of 10.94% and 12.73% in terms of revenue and volume respectively, during the forecasted period 2019-2028.



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The countries reviewed in the Latin American polylactic acid market are:

           Mexico

           Brazil

           Rest of Latin America

In Mexico, the packaging industry is growing steadily over the last few years. There is a great demand for salted snacks in the country, which require packaging. This creates a high scope for the polylactic acid market to grow in the country during the forthcoming period, thereby proliferating the studied market growth.

Mexico has a robust chain of industrial communities, manufacturing training and a skilled workforce, which can undertake highly complex manufacturing activities at faster rates. The medical devices market in Mexico is also expected to show growth in the forthcoming years. This is also a major end-user segment of polylactic acid, since it is used in its production process. Hence, the booming medical device market is consequently leading to the growth of the polylactic acid market as well. Besides, this market has proximity to large medical markets in the United States. The increasing use of polylactic acid in medical devices is boosting the demand for this market in the forecasted years.

The polylactic acid market in Argentina is primarily driven by the growing packaging sector in the country. Also, the government is taking initiatives to minimize the use of plastic for packing consumer products. This is likely to give an opportunity for the polylactic acid market in Argentina in the next few years.

Dow is a company involved in packaging & specialty plastics and performance materials. The company has a wide product portfolio, including additives and modifiers, adhesives & sealants, blends & dispersions, conductive materials, amines, elastomers, gels & conformal coatings and waxes & powders. It offers its products to sectors like agriculture, home care, construction, healthcare, automotive, food & beverage, oil & gas and textiles.

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Table of Content

1.    LATIN AMERICA 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.  REQUIRE 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 – LATIN AMERICA

6.1. BRAZIL

6.2. MEXICO

6.3. REST OF LATIN AMERICA

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: LATIN AMERICA POLYLACTIC ACID MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)      

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

TABLE 3: VENDOR SCORECARD        

TABLE 4: LEGAL, POLICY & REGULATORY FRAMEWORK           

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

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

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

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

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

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

List of Figures

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

FIGURE 2: LATIN AMERICA PACKAGING MARKET, 2019-2028 (IN $ MILLION)

FIGURE 3: LATIN AMERICA COATINGS MARKET, 2019-2028 (IN $ MILLION)   

FIGURE 4: LATIN AMERICA 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: LATIN AMERICA POLYLACTIC ACID MARKET, BY CORN, 2019-2028 (IN $ MILLION)           

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 24: LATIN AMERICA POLYLACTIC ACID MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

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

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

FIGURE 27: REST OF LATIN AMERICA POLYLACTIC ACID MARKET, 2019-2028 (IN $ MILLION)           

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