Lactic acid market to see high growth as nurtured by potential high polylactic acid demand

Lactic acid market to see high growth as nurtured by potential high polylactic acid demand Polylactic acid (PLA), a polymer obtained by polymerization of lactic acid (LA), is considered to have bright prospect according to insiders.

Polylactic acid plays a very important role in the food packaging industry, especially in frozen foods, ready meals and tableware. Polylactic acid can be also applied in agricultural film, electronic appliances, auto parts, plastic molding products and textiles. With consumers’ awareness on environment protection rises and governments (especially in Asian countries) start to introduce policies to support the development of various types of bio-based materials, polylactic acid and lactic acid markets are likely to enjoy rapid growth. According to insiders, global polylactic acid market is estimated to grow at a CAGR of 20.8% during 2015-2019, while lactic acid market at a CAGR of 18.8%.

CCM has recently conducted a research on China’s LA and PLA markets, namely Benchmarking of Lactic Acid and Polylactic Acid in China, which comprehensively analyzes the whole industry chain from raw material supply and production cost to major producers, technology, ex-works price and consumption, in detail, it ranges: - Policies and regulations on bioplastics in China - Hindrances to the development of PLA industry in China - Market situation of LA and PLA in China - LA and PLA producers situation in 2014 - Competitive analysis of key PLA producers - Raw material supply, 2013 - Product quality evaluation of PLA - Ex-works price of LA and PLA in China - PLA consumption in China - Current technology of each stage from LA to PLA - Production cost of LA producers For more information, please visit: http://www.cnchemicals.com/Product/Report/2551/benchmarking-of-lactic-acid-and-polylacticacid-in-china-edition-4