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Polylactic Acid Market - Top Companies and Manufacturers

  • Report ID: 4799
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Companies Dominating the Polylactic Acid Landscape

    • NatureWorks LLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BASF SE
    • Futerro
    • Total Corbion PLA
    • Corbion NV
    • Teijin Limited
    • Danimer Scientific
    • Synbra Technology BV
    • Pierce Chemical Co.
    • Frigid Fluid Company
Browse Key Market Insights with Data Illustration:

In the News

  • NatureWorks announced plans to increase the production of its Ingeo PLA biomaterial at its manufacturing facility in Thailand. The company plans to double the production capacity of its Ingeo biopolymer by 2022 to meet the growing demand for sustainable materials.

  • Corbion announced the acquisition of the lactic acid business of Bunge Limited, a leading agribusiness and food company. The acquisition will help Corbion expand its product portfolio and strengthen its position in the global bioplastics market.

 


Author Credits:  Rajrani Baghel


  • Report ID: 4799
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of polylactic acid is evaluated at USD 2.96 billion.

The polylactic acid market size was valued at USD 2.64 billion in 2024 and is likely to exceed USD 16.7 billion by the end of 2037, registering over 15.2% CAGR during the forecast period i.e., between 2025-2037. Growing demand for sustainable materials, and government initiatives promoting sustainability will boost the market growth.

Asia Pacific industry is set to account for largest revenue share of about 35% by 2037, owing to increasing demand for vehicles, resulting in increasing vehicle production and sales in the region.

The major players in the market include NatureWorks LLC, BASF SE, Futerro, Total Corbion PLA, Corbion NV, Teijin Limited, Danimer Scientific, Synbra Technology BV, Pierce Chemical Co., Frigid Fluid Company.
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