Asia-Pacific Polylactic Acid (PLA) Market to Signify Strong Growth by 2024-2031

Asia-Pacific Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 18.8% during the forecast period. There are numerous factors which are driving the growth of the PLA market in the region.  This includes significant automobile production in the region and growing food processing packaging industry. The plastic market is rapidly expanding in the Asia-Pacific. The market is witnessing a dynamic growth specifically in the ASEAN countries including Thailand, Indonesia, Vietnam and the Philippines. Moreover, as a result of urbanization, growing demand for energy, climate change and technological advancements, plastic manufacturers are focusing on adopting the latest technology in order to manufacture advanced materials such as PLA.

Furthermore, the chemical industry in Asia-Pacific region is also witnessing a prominent growth owing to the presence of major chemical manufacturers, including BASF SE and DuPont de Nemours, Inc. in the region. The demand for advanced chemicals and polymers such as PLA is expected to increase significantly in the future years for application in automobile applications, which in turn, will likely drive the growth of the market in the region.

To Request a Sample of our Report on Asia-Pacific Polylactic Acid (PLA) Market:  https://www.omrglobal.com/request-sample/asia-pacific-polylactic-acid-market

Asia-Pacific Polylactic Acid (PLA) Market Segmentation

By Raw Material 

  • Corn-based PLA
  • Sugar-based PLA
  • Cassava-based PLA
  • Others

By Application

  • Packaging
  • Construction Material
  • Catering and Tableware
  • Agricultural Material
  • Consumer Goods
  • Electronic Material
  • Automobile
  • Others

A full Report of Asia-Pacific Polylactic Acid (PLA) Market is Available @  https://www.omrglobal.com/industry-reports/asia-pacific-polylactic-acid-market

Regional Analysis

  • China
  • India
  • Japan

Rest of Asia-Pacific

Company Profiles

  • BASF SE
  • Corbion N.V.
  • DuPont de Nemours, Inc.
  • LG Chem Ltd.
  • Mitsubishi Gas Chemical Co., Inc.
  • NatureWorks LLC
  • RTP Co.
  • Sulzer Ltd.
  • ThyssenKrupp AG
  • Toray Industries, Inc.
  • Toyo Engineering Corp.

Reasons to buy from us –

  1. We cover more than 15 major industries, further segmented into more than 90 sectors.
  2. More than 120 countries are for analysis.
  3. Over 100+ paid data sources mined for investigation.
  4. Our expert research analysts answer all your questions before and after purchasing your report.

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404