Polylactic Acid Market Analysis

End-user (Packaging, Agriculture, Automotive, Electronics, Textiles)

The global polylactic acid market is segmented and analyzed for demand and supply by end user into packaging, agriculture, automotive, electronics, textiles, and others. Out of the six types of applications, the automotive segment is estimated to gain the largest polylactic acid market share of about 35% in the year 2037. The growth of the segment can be accredited to the increasing production rate of electric vehicles worldwide and the growing awareness of the global population about the negative impact of traffic emissions on human health and the environment. This is backed by the expected high demand. The International Energy Agency reported that 2021 electric vehicle sales surpassed its 2020 sales, nearly doubling to 6.6 million. Polylactic acid (PLA) is a biodegradable and renewable thermoplastic that has potential applications in the automotive industry. PLA can be used in the production of interior and exterior parts of vehicles, as well as in automotive textiles. One of the major advantages of using PLA in automotive parts is its low weight compared to traditional materials like metal and glass. This can lead to fuel efficiency and lower carbon emissions. Additionally, PLA has a high level of dimensional stability, which makes it suitable for use in precision parts. PLA can also be easily molded into different shapes and sizes, making it a versatile material for automotive applications.

Grade (Thermoforming, Extrusion, Injection Molding)

The global polylactic acid market is also segmented and analyzed for demand and supply by grade into thermoforming, extrusion, and injection molding. Amongst these three segments, the injection molding segment is expected to garner a significant share of around 30% in the year 2037. The growth of the segment can be accredited to the wide usage of injection molding in PLA end use industries. Injection molding is one of the major segments of the polylactic acid (PLA) market. Injection molding is a manufacturing process that is used to produce parts by injecting molten material into a mold. In the case of PLA, the material is heated until it melts and is then injected into a mold to form the desired shape. The injection molding process is widely used in the production of various PLA-based products, including packaging, consumer goods, automotive parts, and medical devices. Injection molding offers several advantages in the production of PLA-based products, including high production efficiency, good dimensional accuracy, and the ability to produce complex shapes and designs. The injection molding segment of the PLA polylactic acid market is expected to grow at a significant rate in the coming years, driven by the increasing demand for sustainable products and the adoption of biodegradable plastics.

Our in-depth analysis of the global polylactic acid market includes the following segments: