China Polylactic Acid (Pla) Market Forecast 2024-2032
KEY FINDINGS
The China polylactic acid (PLA) market is projected to rise with a CAGR of 21.30% during the estimated years. While the base year considered for the studied market is 2023, the forecast period is from 2024 to 2032. The polylactic acid (PLA) market in China is witnessing significant growth, primarily propelled by its rising usage in the automotive sector.
MARKET INSIGHTS
The polylactic acid (PLA) market in China is poised for future growth, driven by the rapid expansion of the country’s automotive industry, where PLA finds applications. Government initiatives aimed at promoting PLA further contribute to the market’s growth trajectory. Despite these positive factors, the high production cost of PLA poses a significant challenge. In response, companies are strategically expanding their production capacities to address this challenge.
For instance, Teijin Polycarbonate China Ltd announced a 10% expansion in Technora para-aramid fiber production at Teijin’s Matsuyama Factory. This move reflects the company’s commitment to leveraging high-performance materials and meeting diverse global market demands. As a result, these factors are anticipated to influence the growth of the polylactic acid (PLA) market in China during the upcoming years.
COMPETITIVE INSIGHTS
The top companies operating in the market include Zhejiang Hisun Biomaterials Co Ltd, Total-Corbion PLA, Thyssenkrupp AG, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Country Snapshot – China
- 2.3. Country Analysis - China
- 2.4. Scope Of Study
- 2.5. Crisis Scenario Analysis
- 2.5.1. Impact Of Covid-19 On Polylactic Acid (Pla) Market
- 2.6. Major Market Findings
- 2.6.1. Increasing Utilization Of Pla In Biomedical Applications
- 2.6.2. Key Market Players Actively Engaging In Sustainability Initiatives
- 2.6.3. Increasing Popularity In 3d Printing Due To Its Versatility
- 2.6.4. Pla: Positive Environmental Impact
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Increasing Demand For Sustainable Packaging
- 3.1.2. Supportive Government Policies And Regulations
- 3.1.3. Consumer Shift Towards Green Products
- 3.2. Key Restraints
- 3.2.1. Relatively Higher Production Costs Of Pla
- 3.2.2. Pla’s Limited Heat Resistance Compared To Conventional Plastics
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.1.1. Focus On Heat-resistant Pla Variants
- 4.1.2. Development Of Pla Blends
- 4.1.3. Introduction Of High-performance Pla Grades
- 4.1.4. Rapid Expansion Of End Use Industries Incorporating Pla
- 4.2. Pestle Analysis - China
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Growth Prospect Mapping - China
- 4.5. Market Maturity Analysis
- 4.6. Market Concentration Analysis
- 4.7. Value Chain Analysis
- 4.7.1. Raw Material Sourcing
- 4.7.2. Lactic Acid Production
- 4.7.3. Manufacturing Of Pla Products
- 4.7.4. Distribution And Logistics
- 4.7.5. Consumer Usage
- 4.8. Key Buying Criteria
- 4.8.1. Biodegradability And Compostability
- 4.8.2. Certifications And Standards
- 4.8.3. Quality And Performance
- 4.8.4. Cost Competitiveness
- 4.9. Regulatory Framework
- 5. Market By Product Form
- 5.1. Films And Sheets
- 5.1.1. Market Forecast Figure
- 5.1.2. Segment Analysis
- 5.2. Coatings
- 5.2.1. Market Forecast Figure
- 5.2.2. Segment Analysis
- 5.3. Fibers
- 5.3.1. Market Forecast Figure
- 5.3.2. Segment Analysis
- 5.4. Other Product Forms
- 5.4.1. Market Forecast Figure
- 5.4.2. Segment Analysis
- 6. Market By Application (In Terms Of Revenue: $ Million & In Terms Of Volume: Kilometric Tons)
- 6.1. Packaging
- 6.1.1. Market Forecast Figure
- 6.1.2. Segment Analysis
- 6.2. Agriculture
- 6.2.1. Market Forecast Figure
- 6.2.2. Segment Analysis
- 6.3. Electronics
- 6.3.1. Market Forecast Figure
- 6.3.2. Segment Analysis
- 6.4. Textiles
- 6.4.1. Market Forecast Figure
- 6.4.2. Segment Analysis
- 6.5. Medical
- 6.5.1. Market Forecast Figure
- 6.5.2. Segment Analysis
- 6.6. Automotive
- 6.6.1. Market Forecast Figure
- 6.6.2. Segment Analysis
- 6.7. Other Applications
- 6.7.1. Market Forecast Figure
- 6.7.2. Segment Analysis
- 7. Market By Raw Material
- 7.1. Corn
- 7.1.1. Market Forecast Figure
- 7.1.2. Segment Analysis
- 7.2. Sugarcane & Sugar Beet
- 7.2.1. Market Forecast Figure
- 7.2.2. Segment Analysis
- 7.3. Cassava
- 7.3.1. Market Forecast Figure
- 7.3.2. Segment Analysis
- 7.4. Other Raw Materials
- 7.4.1. Market Forecast Figure
- 7.4.2. Segment Analysis
- 8. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Mergers & Acquisitions
- 8.1.2. Product Launches & Developments
- 8.1.3. Partnerships & Agreements
- 8.2. Company Profiles
- 8.2.1. Basf
- 8.2.1.1. Company Overview
- 8.2.1.2. Product List
- 8.2.1.3. Strengths & Challenges
- 8.2.2. Danimer Scientific
- 8.2.2.1. Company Overview
- 8.2.2.2. Product List
- 8.2.2.3. Strengths & Challenges
- 8.2.3. Dow Chemicals
- 8.2.3.1. Company Overview
- 8.2.3.2. Product List
- 8.2.3.3. Strengths & Challenges
- 8.2.4. Mitsubishi Chemical Holding Corporation
- 8.2.4.1. Company Overview
- 8.2.4.2. Product List
- 8.2.4.3. Strengths & Challenges
- 8.2.5. Teijin Ltd
- 8.2.5.1. Company Overview
- 8.2.5.2. Product List
- 8.2.5.3. Strengths & Challenges
- 8.2.6. Thyssenkrupp Ag
- 8.2.6.1. Company Overview
- 8.2.6.2. Product List
- 8.2.6.3. Strengths & Challenges
- 8.2.7. Total-corbion Pla
- 8.2.7.1. Company Overview
- 8.2.7.2. Product List
- 8.2.7.3. Strengths & Challenges
- 8.2.8. Zhejiang Hisun Biomaterials Co Ltd
- 8.2.8.1. Company Overview
- 8.2.8.2. Product List
- 8.2.8.3. Strengths & Challenges
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