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North America Polylactic Acid Market Forecast 2019-2027

North America Polylactic Acid Market Forecast 2019-2027

KEY FINDINGS

The North American polylactic acid market was estimated to be worth $ XX million in the year 2016 and is expected to grow at an estimated CAGR of 11.95% for the forecast period of 2019-2027, generating a market share of X% by the end of 2027. The entry barriers for the newer industries in the polylactic acid market are very less due to the rising environmental concerns that are making various governments to promote the usage of biodegradable products by levying heavy taxes on non-biodegradable plastic and in some cases banning the use of petroleum-based plastics.

MARKET INSIGHTS

Canada is expected to show the fastest growth over the forecast period in the North American region. The market is primarily segmented by the type of application and the basis of the type of product. Factors such as increasing government support, growing environment-related concerns and profitable end-user applications are mainly responsible for driving market growth in North America. The United States market for PLA products is expected to be a lucrative one in the future due to market growth for industrial applications such as automotive industry that reported high vehicle sales in 2018.

COMPETITIVE INSIGHTS

Innovia Films (Acquired By CCL Industries Inc.), Zhejiang Hisun Biomaterials Co., Ltd., Danimer Scientific (Merged By Meridian, Inc.), Synbra Holding B.V., Solegear Bioplastics Inc., Natureworks LLC, Futerro SA, Teijin Aramid B.V., Dow Chemicals, Thyssenkrupp AG, Green Dot Holdings LLC, Biobent Polymers, Teijin Aramid B.V., BASF, Total-Corbion and Mitsubishi Chemical Holding Corporation are some of the market leaders for polylactic acid products in North America.


1. Research Scope
1.1. Study Goals
1.2. Scope Of The Market Study
1.3. Who Will Find This Report Useful?
1.4. Study And Forecasting Years
2. Research Methodology
2.1. Sources Of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top-down Approach
2.3. Bottom-up Approach
2.4. Data Triangulation
3. Executive Summary
3.1. Market Summary
3.2. Key Findings
3.2.1. Favorable Government Policies Are Driving The Market
3.2.2. New Technology Enabled Polylactic Acid Is Competing With Traditional Polymers
3.2.3. Collaboration Is The Winning Strategy
3.2.4. There Is Increasing Demand From End-user Application
4. Market Dynamics
4.1. History Of Polylactic Acid
4.2. Market Scope & Definition
4.3. Market Drivers
4.3.1. High Petroleum Prices & Lack Of Fossil Fuel Resources
4.3.2. Favorable Government Support
4.3.3. Rising Environmental Concerns
4.3.4. Increasing Demand From Developing Countries
4.4. Market Restraints
4.4.1. Poor Performance Of Pla As Compared To That Of Conventional Plastics
4.4.2. Price Competitiveness From Conventional Polymers And Agricultural Fiber Alternatives
4.4.3. Need For Industrial Composting Units
4.5. Market Opportunities
4.5.1. Blending Of Pla With Other Materials
4.5.2. Production Of Pla From Second-generation Biomass
4.6. Market Challenges
4.6.1. High Production Cost
5. Market By Application
5.1. Packaging
5.2. Agriculture
5.3. Electronics
5.4. Textiles
5.5. Bio-medical
5.6. Others
6. Market By Product Form
6.1. Films & Sheets
6.2. Coatings
6.3. Fibers
6.4. Others
7. Key Analytics
7.1. Porter’s Five Force Model
7.1.1. Threat Of New Entrants
7.1.2. Threat Of Substitute
7.1.3. Bargaining Power Of Suppliers
7.1.4. Bargaining Power Of Buyers
7.1.5. Intensity Of Competitive Rivalry
7.2. Key Buying Criteria
7.2.1. Price
7.2.2. Alternatives
7.2.3. Availability
7.2.4. End Of Life Effects
7.3. Opportunity Matrix
7.4. Vendor Landscape
7.5. Value Chain Analysis
7.5.1. Raw Material
7.5.2. Production
7.5.3. Retailer/Distributor
7.5.4. End User
7.6. Legal, Policy & Regulatory Framework
8. Geographical Analysis
8.1. North America
8.1.1. United States
8.1.2. Canada
9. Competitive Landscape
9.1. Market Share Analysis
9.2. Corporate Strategies
9.2.1. Primary Strategy: Collaborations
9.2.2. Secondary Strategy: Acquisition
9.2.3. Tertiary Strategy: Product Launch
9.3. Company Profiles
9.3.1. Natureworks Llc
9.3.2. Basf
9.3.3. Mitsubishi Chemical Holding Corporation
9.3.4. Zhejiang Hisun Biomaterials Co., Ltd.
9.3.5. Futerro Sa
9.3.6. Synbra Holding B.V.
9.3.7. Teijin Aramid B.V.
9.3.8. Dow Chemicals
9.3.9. Thyssenkrupp Ag
9.3.10. Danimer Scientific (Merged By Meredian, Inc.)
9.3.11. Green Dot Holdings Llc
9.3.12. Biobent Polymers
9.3.13. Innovia Films (Acquired By Ccl Industries Inc.)
9.3.14. Solegear Bioplastics Inc.
9.3.15. Total-corbion
List Of Tables
Table 1: North America Polylactic Acid Market, By Country, 2019-2027 (In $ Million)
Table 2: Comparison Of Energy Extraction In 2010 And 2050 (In Exajoule)
Table 3: North America Polylactic Acid Market, By Application, 2019-2027, (In $ Million)
Table 4: North America Polylactic Acid Market, By Product Form, 2019-2027, (In $ Million)
Table 5: Opportunity Matrix
Table 6: Vendor Landscape
Table 7: Legal, Policy & Regulatory Framework
Table 8: North America Polylactic Acid Market, By Country, 2019-2027 (In $ Million)
List Of Figure
Figure 1: North America Polylactic Acid Market, By Application, 2018 & 2027 (In %)
Figure 2: Timeline Polylactic Acid
Figure 3: North America Primary Energy Mix From 2015 & 2035
Figure 4: Emissions From Production Of Common Polymers
Figure 5: Lactic Acid And Integrated Ethanol Production Process
Figure 6: North America Polylactic Acid Market, By Packaging, 2019-2027 (In $ Million)
Figure 7: North America Polylactic Acid Market, By Agriculture, 2019-2027 (In $ Million)
Figure 8: North America Polylactic Acid Market, By Electronics, 2019-2027 (In $ Million)
Figure 9: North America Polylactic Acid Market, By Textiles, 2019-2027 (In $ Million)
Figure 10: North America Polylactic Acid Market, By Bio-medical, 2019-2027 (In $ Million)
Figure 11: North America Polylactic Acid Market, By Others, 2019-2027 (In $ Million)
Figure 12: North America Polylactic Acid Market, By Films & Sheets, 2019-2027 (In $ Million)
Figure 13: North America Polylactic Acid Market, By Coatings, 2019-2027 (In $ Million)
Figure 14: North America Polylactic Acid Market, By Fibers, 2019-2027 (In $ Million)
Figure 15: North America Polylactic Acid Market, By Others, 2019-2027 (In $ Million)
Figure 16: Porter’s Five Force Analysis
Figure 17: Key Buying Criteria
Figure 18: Value Chain Analysis
Figure 19: Polylactic Acid Manufacturing Cost Factors
Figure 20: North America Polylactic Acid Market, Regional Outlook, 2018 & 2027 (In %)
Figure 21: United States Polylactic Acid Market, 2019-2027 (In $ Million)
Figure 22: Canada Polylactic Acid Market, 2019-2027 (In $ Million)
Figure 23: Market Share Analysis Of Key Players In 2018 (In %)

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