POLYLACTIC ACID - An Exclusive Market Insight Report from RI Technologies
This study gives an insight into global Polylactic Acid market. The report also provides market analytic by Form, and by Applications. The market is divided by Form into Films & Sheet, Coating, Fibers and Other; and by Application into Food, Textile, Medical, and Other.
- (1888PressRelease) December 03, 2011 - RI Technologies' (www.researchimpact.com) market insight report on Polylactic Acid provides market analytics by Form, and by Application. The market is divided by Form into Films & Sheets, Coatings, Fibers and Other; and by Application into Food, Textile, Medical, and Other. Information regarding latest products and technologies also find a mention in the report. Projections and estimates are also illustrated by geographic regions encompassing North America, Europe, Asia-Pacific, and Rest of World (RoW) with 160 exclusive graphically represented exhibits.
Lactic acid is the key agent used for developing Poly Lactic Acid (PLA), the biodegradable polymer. The remarkable feature of PLA is that it is biodegradable and undergoes further decomposition. Its degradation does not need enzymes and the hydrolysis is dependent upon temperature, the ratio of isomers contained, and the size of the article made from PLA. Biodegradation is a perfect solution to eradicate the growing levels of plastic waste periodically.
PLA is a prospective replacement for conventional petroleum based plastics as corn, a renewable resource, is the leading source to synthesize PLA. PLA is derived from corn, maize, Potato, wheat, Sugar cane and Sugar beet which are renewable resources. The main source of polyester is corn starch in the United States and in the rest part of the world sugar cane is used. Polylactic Acid is extensively produced commercially in Japan and United States.
Global production capacity for Polylactic Acid volume market is projected to reach 605.15 thousand metric tons by 2015. Growth in polylactic acid (PLA) bioplastics market is driving demand for lactic acid in industrial applications. Demand for PLA is also expected to increase significantly due to enhanced production capacities thereby improving availability and cutting the price of resin. PLA demand in the United States is expected to increase for industrial applications such as fibers, containers and packaging while Western Europe is expected to significantly boost its PLA demand for packaging applications. High prices have restricted consumption of PLA in China. PLA prices, are however, expected to decrease in the next couple of years due to improvements in fermentation techniques and economies of scale.
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