Asia-Pacific Polylactic Acid Market Overview
As per recent research by MarkNtel Advisors, the Asia-Pacific Polylactic Acid Market is anticipated to grow at a CAGR of around 16% during the forecast period, i.e., 2021-26.
Asia-Pacific Polylactic Acid Market Dynamics
Market Drivers : Easy Availability of Raw Materials
Corn, sugarcane, wheat, etc., are the most prominent crops required for manufacturing polylactic acid. These are renewable crops & easily available in countries like India, Indonesia, Thailand, etc., where India & China are amongst the major producers, owing to the massive production of these crops. It results in their easy availability & access for the polylactic acid manufacturers.
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Asia-Pacific Polylactic Acid Market Segmentation Overview 2021-2026: Key Factors
By Product Form
-Films and Sheets
-Coatings
-Fibers
-Other Product Forms
By Application
-Agriculture
-Electronics
-Packaging
-Textiles
-Transport
-Others
By Raw-Material
-Corn
-Sugarcane & Sugar Beet
-Cassava
-Other Raw Material
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Asia-Pacific Polylactic Acid Market Geographical Insights:
By Country
-China
-Japan
-India
-South Korea
-Australia & New Zealand
-Indonesia
-Vietnam
-Others
Key Players and Competitive Strategies in the Asia-Pacific Polylactic Acid Market
Several prominent players dominate the Asia-Pacific Polylactic Acid Market, including:
- Natureworks Llc
- BASF
- Mitsubishi Chemical Holding Corporation
- Futerro Sa
- Green Dot Bioplastics
- Total Corbion Pla
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Questions Addressed in this Study
1.How big is the Asia-Pacific Polylactic Acid Market Size?
2.What is the Asia-Pacific Polylactic Acid Market Growth?
3.Who are the key players of the Asia-Pacific Polylactic Acid Market?
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