Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
The global Extruded PLA market is expected to witness a CAGR of approximately 20% during the forecasted period, majorly driven by the usage of bio-based materials that are expected to help the environment by reducing the greenhouse gas emissions from the usage of crude oil and the need to use sustainable plastic materials.
Rising Demand from End-users
Extruded PLA is used in various end-user industries, such as packaging, transportation, healthcare, textiles, etc., as a substitute for polyester and nylon. It is made from natural sources of starch, like tapioca, sugarcane, cornstarch etc. The major end-user industries of extruded PLA are expected to be packaging, transportation, and textile due to their extensive usage of polyester and nylon. The shift towards sustainable plastics and the interesting applications in tissue engineering are expected to propel the demand for this market.
Major Market Focused in Asia Pacific
The developing regions of North America and Europe have started usage of extruded PLA few years ago and it has been accepted well in multiple end-user industries. Interestingly, Asia-Pacific also adapted the usage of extruded PLA, due to the export demand. The increase in usage of extruded PLA for catering to the local needs in the future is expected to boost the market and companies are increasingly focusing on price competitiveness of extruded PLA.
Notable Developments
March 2018: 3D printing has been an interesting market for PLA and the extrusion of PLA for use in 3D printing is leading to multiple innovations in extrusion. Micro pellet extrusion has been developed by New Zealand Researchers to improve the 3D printing process.
Major Players: BASF SE, Braskem, Sinopec, DowDupont, Toray, and Teijin are the major layers amongst others.
Reason to Purchase this Report
To understand the impact of various end-user industries on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating end-user industry in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs
Rising Demand from End-users
Extruded PLA is used in various end-user industries, such as packaging, transportation, healthcare, textiles, etc., as a substitute for polyester and nylon. It is made from natural sources of starch, like tapioca, sugarcane, cornstarch etc. The major end-user industries of extruded PLA are expected to be packaging, transportation, and textile due to their extensive usage of polyester and nylon. The shift towards sustainable plastics and the interesting applications in tissue engineering are expected to propel the demand for this market.
Major Market Focused in Asia Pacific
The developing regions of North America and Europe have started usage of extruded PLA few years ago and it has been accepted well in multiple end-user industries. Interestingly, Asia-Pacific also adapted the usage of extruded PLA, due to the export demand. The increase in usage of extruded PLA for catering to the local needs in the future is expected to boost the market and companies are increasingly focusing on price competitiveness of extruded PLA.
Notable Developments
March 2018: 3D printing has been an interesting market for PLA and the extrusion of PLA for use in 3D printing is leading to multiple innovations in extrusion. Micro pellet extrusion has been developed by New Zealand Researchers to improve the 3D printing process.
Major Players: BASF SE, Braskem, Sinopec, DowDupont, Toray, and Teijin are the major layers amongst others.
Reason to Purchase this Report
To understand the impact of various end-user industries on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating end-user industry in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
