POLYLACTIC ACID MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Polylactic Acid Market, By Raw Material (Corn starch, Sugarcane, Cassava, and Others), By Application (Rigid thermoform, Film & sheets, Bottles, and Others), By End-use (Packaging, Agriculture, Automotive & transportation, Electronics, Textile, Consumer goods, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jul 2024
Code : CMI7098
Pages :131
Formats :
Excel and PDF
Industry : Polymers and Resins

Market Concentration and Competitive Landscape

Polylactic Acid Market Concentration By Players

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Rise of 3D printing industry spurring PLA demand

The exponential growth of 3D printing industry has opened up new application areas for PLA. 3D printing filaments predominantly use Acrylonitrile Butadiene Styrene (ABS) and PLA raw materials. However, PLA is gaining higher traction owing to properties better suited for desktop 3D printers. Its biodegradable nature makes it safe to use and more environment-friendly than ABS.

PLA provides high dimensional stability and strength required for most basic 3D print applications. It offers users advantages like low warp, easy printability and lower chamber temperature requirements compared to ABS. This has made it the most used thermoplastic for desktop 3D printing currently. With personal 3D printers becoming a common home appliance, more users are opting for PLA.

Key Players Insights