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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

Key Developments

  • Praj Industries is setting up a pilot plant for the production of polylactic acid (PLA), a bioplastic made from renewable biomass. The company has stated that the PLA pilot plant is nearing completion and it expects the demo plant operation to start by April 2024.
  • In October 2023, NatureWorks LLC, a PLA manufacturer, announced its commencement of a PLA facility in Thailand
  • In April 2023, NatureWorks LLC introduced its new PLA biopolymer, Ingeo 6500D for non-wovens. The tensile strength of the newly introduced application provides enhanced processing for converters, boosting low basis weight fabric applicationion on the latest generation of spunbound equipment.
  • In 2023, Sulzer signed an agreement with China's Jindan New Biomaterials to produce polylactic acid (PLA), a biobased plastic

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