North American Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.6% during the forecast period. North America is one of the major markets in global PLA market. There is a wide application area of PLA in polymers which are being used as a substitute in major industries of the region such as automobile, medical, food packaging, electronics, aerospace, agriculture industry, and others. PLA is being used as one of the best biodegradable polymers for these applications. The polymer has remarkable chemical and mechanical properties to be used as a renewable and economical substitute for convention plastic parts.
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PLA polymers are being used in the automobile industry to manufacture air filter part, interior trim parts for aesthetic purpose and other interior and exterior parts of the automotive body. With the growth in automobile, food packaging, medical and agriculture industry of the region, the adoption is being reported in the US and Canada for PLA polymers. The automotive sector is one of the major sectors contributing to the PLA market in North America.
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- Market Coverage
- Market number available for – 2019-2025
- Base year- 2019
- Forecast period- 2020-2025
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
North American PLA Market by Raw Material
- Corn-based PLA
- Sugar-based PLA
- Cassava-based PLA
- Others
North American PLA Market by Application
- Packaging
- Construction Material
- Catering and Tableware
- Agricultural Material
- Consumer Goods
- Electronic Material
- Automobile
- Others
Regional Analysis
- United States
- Canada
Company Profiles
- BASF SE
- Corbion N.V.
- DuPont de Nemours, Inc.
- Merck KGaA
- MiniFIBERS, Inc.
- Mitsubishi Gas Chemical Co., Inc.
- NatureWorks LLC
- RTP Co.
- Sulzer Ltd.
- Toray Industries, Inc.
The Report covers:
- Comprehensive research methodology of the North American PLA market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American PLA market.
- Insights about market determinants which are stimulating the North American PLA market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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