MarkNtel Advisors recently published a report, titled, ” Asia-Pacific Polylactic Acid Market By Product Form (Films and Sheets, Coatings, Fibers, Other), By Application (Agriculture, Electronics, Packaging, Textiles, Transport, Others), By Raw-Material (Corn, Sugarcane & Sugar Beet, Cassava, Other Raw Material),. As per as the report The Asia-Pacific Polylactic Acid Market is anticipated to grow at a CAGR of around 16% during the forecast period, i.e., 2021-26.
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Possible Challenge: High Costs of Polylactic Acid Compared to Conventional Plastics
The costs of Polylactic Acid-based products are relatively higher than conventional plastics. The development of polymerization & processing technologies, various government regulations, and variations in raw material supply are the major factors that impact the prices of polylactic acid. The production of polylactic acid, which surpasses the expenses of producing fossil-based plastics, generally involves raw material extraction, glucose extraction, fermentation, and polymerization. Since these different production steps & inputs are highly essential, it affects the overall cost structure of polylactic acid. Hence, these high costs might restrain the growth of the Polylactic Acid Market across Asia-Pacific in the coming years.
Leading Companies in Asia-Pacific Polylactic Acid Market:
Natureworks Llc., BASF, Mitsubishi Chemical Holding Corporation, Zhejiang Hisun Biomaterials Co Ltd, Futerro Sa, BEWiSynbra, Teijin Limited, Thyssenkrupp Ag, Green Dot Bioplastics, Good Natured Products Inc, Total Corbion Pla.
Asia-Pacific Polylactic Acid Market Segmentation:
By Product Form
-Films and Sheets
-Coatings
-Fibers
-Other Product Forms
By Application
-Agriculture
-Electronics
-Packaging
-Textiles
-Transport
-Others
By Raw-Material
-Corn
-Sugarcane & Sugar Beet
-Cassava
-Other Raw Material
Get Full Access Of Asia-Pacific Polylactic Acid Market Report : https://www.marknteladvisors.com/research-library/asia-pacific-polylactic-acid-market.html
By Country
-China
-Japan
-India
-South Korea
-Australia & New Zealand
-Indonesia
-Vietnam
-Others.
Key questions answered in the Asia-Pacific Polylactic Acid Market are:
- What is Asia-Pacific Polylactic Acid Market?
- What was the market size in 2020?
- What is the growth rate of the Asia-Pacific Polylactic Acid Market?
- Which are the factors expected to drive the market growth?
- What are the different segments of the Asia-Pacific Polylactic Acid Market?
- What segments are covered in the Market?
- Who are the key players in the Asia-Pacific Polylactic Acid Market?
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