Global Lactic Acid And Poly Lactic Acid (PLA) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Competitive Scenario And Forecasts, 2012 To 2020

  • ID: 3067742
  • Report
  • Region: Global
  • 94 pages
  • Hexa Research
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Industry Insights
Lactic acid has gained importance over the years as it is used in poly lactic acid (PLA) production. The lactic acid market was approximated to be over 714 kilo tons in 2013, and is estimated to reach 1,960.1 kilo tons by 2020, growing at CAGR of 15.5% over the forecast period. The lactic acid market was valued at USD 1,285.6 million in 2013, which is estimated to be USD 4,312.2 million by 2020, growing at CAGR of 18.3% over the next six years.

The PLA market is driven by its numerous benefits and applications. PLA is environment friendly and compostable; therefore, it is used for consumer products and food packaging, and also reduces waste disposal. Frequent rise in crude oil rates are expected to drive the market as PLA helps reduce dependency on plastic, which is a byproduct of petroleum. Additionally, with growing environmental awareness customers have been changing their preferences to bioplastics, driving the global PLA market. The PLA market was estimated to be 360.8 kilo tons in 2013, and is expected exceed 1,200 kilo tons by 2020.

In terms of volume, the PLA market is estimated to grow at CAGR of 18.8% over the next six years. The market was valued at USD 793.9 million in 2013 and is expected to reach USD 2,169.6 million by 2020, growing at a CAGR of 15.8% from 2014 to 2020. PLA has low performance characteristics as compared to conventional plastics; it is also vulnerable at relatively low temperatures. This results in limiting PLA usage to lower utility applications. However, market participants have been trying to develop processes to enhance its heat resistance. Market participants have focused on increasing productivity and innovating products to gain market share.

Application Insights
Lactic acid and PLA are widely used in segments such as personal care, pharmaceutical, food & beverage, agriculture, transport, packaging, textile, industrial and electronics. In terms of revenue, the industrial segment is expected to grow at a CAGR of over 19% over the forecast period. Personal care is estimated to be a key segment due to the increasing use of lactic acid anti-acne, anti-aging, skin lightening and anti-wrinkle products. Packaging dominated the PLA market in 2013. PLA bottles are transparent, durable, glossy and easily disposable. The PLA market in textiles is expected to grow at a rate of over 17% in terms of revenue over the forecast period.

Regional Insights
North America dominated the lactic acid market with more than 30% of the overall market volume in 2013. Increasing demand in application segments is expected to drive the market in the region. Asia Pacific is expected to grow significantly in terms of volume as well as revenue over the forecast period. Europe dominated the PLA market with over 35% of the global share in 2013. Strict government regulations on usage of plastics are expected to drive the market in the region over the forecast period.
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Table of Contents

Chapter 1 Executive Summary

1.1 Lactic Acid and Poly Lactic Acid (PLA) – Industry Summary & Critical Success Factors (CSFs)

Chapter 2 Lactic Acid and PLA Industry Outlook

2.1 Market Segmentation

2.2 Market Size and Growth Prospects

2.3 Value Chain Analysis

2.4 PLA Market Dynamics

2.4.1 Key Driver Analysis

2.4.1.1 Increasing demand for bioplastics

2.4.1.2 Increasing price of crude oil

2.4.1.3 Growing consumer preference towards green packaging

2.4.2 Key Restraint Analysis

2.4.2.1 Price competitiveness

2.4.2.2 Inferior performance compared to conventional plastics

2.5 Lactic Acid Market Dynamics

2.5.1 Key Driver Analysis

2.5.1.1 Growing demand from application segment

2.5.2 Key Restraint Analysis

2.5.2.1 Volatile raw material prices

2.6 Key Opportunities Prioritized

2.7 Industry Analysis – Porter’s

2.8 Key Company Analysis, 2013

2.9 PESTEL Analysis

Chapter 3 Lactic Acid and PLA Application Outlook

3.1 PLA market volume share by application, 2013 & 2020

3.1.1 Packaging

3.1.1.1 PLA demand in packaging by region, (Kilo Tons) (USD Million), 2012 – 2020

3.1.2 Agriculture

3.1.2.1 PLA demand in agriculture by region, (Kilo Tons) (USD Million), 2012 – 2020

3.1.3 Transport

3.1.3.1 PLA demand in transport by region, (Kilo Tons) (USD Million), 2012 – 2020

3.1.4 Electronics

3.1.4.1 PLA demand in electronics by region, (Kilo Tons) (USD Million), 2012 – 2020

3.1.5 Textiles

3.1.5.1 PLA demand in textiles by region, (Kilo Tons) (USD Million), 2012 – 2020

3.1.6 Others

3.1.6.1 PLA demand in other applications by region, (Kilo Tons) (USD Million), 2012 – 2020

3.2 Lactic acid market volume share by application, 2013 & 2020

3.2.1 Industrial

3.2.1.1 Demand in industrial applications by region, (Kilo Tons) (USD Million), 2012 – 2020

3.2.2 Food & Beverage

3.2.2.1 Demand in food & beverage by region, (Kilo Tons) (USD Million), 2012 – 2020

3.2.3 Personal Care

3.2.3.1 Demand in personal care by region, (Kilo Tons) (USD Million), 2012 – 2020

3.2.4 Pharmaceuticals

3.2.4.1 Demand in pharmaceuticals by region, (Kilo Tons) (USD Million), 2012 – 2020

3.2.5 Others

3.2.5.1 Demand in other applications by region, (Kilo Tons) (USD Million), 2012 – 2020

Chapter 4 Lactic Acid and PLA Regional Outlook

4.1 North America

4.1.1 North America PLA market by application, (Kilo Tons) (USD Million), 2012 – 2020

4.1.2 North America lactic acid market by application, (Kilo Tons) (USD Million), 2012 – 2020

4.2 Europe

4.2.1 Europe PLA market by application, (Kilo Tons) (USD Million), 2012 – 2020

4.2.2 Europe lactic acid market by application, (Kilo Tons) (USD Million), 2012 – 2020

4.3 Asia Pacific

4.3.1 Asia Pacific PLA market by application, (Kilo Tons) (USD Million), 2012 – 2020

4.3.2 Asia Pacific lactic acid market by application, (Kilo Tons) (USD Million), 2012 – 2020

4.4 RoW

4.4.1 RoW PLA market by application, (Kilo Tons) (USD Million), 2012 – 2020

4.4.2 RoW lactic acid market by application, (Kilo Tons) (USD Million), 2012 – 2020

Chapter 5 Competitive Landscape

5.1 Revenue Analysis

5.2 Product Benchmarking

5.3 Strategic Development

Chapter 6 Methodology and Scope

6.1 Research Methodology

6.2 Research Scope & Assumption

6.3 List of Data Sources

Companies analyzed in Chapter 5

BASF
Danimer Scientific LLC
Futerro
Galactic
Henan Jindan Lactic Acid Technology Co. Ltd.
Musashino Chemical (China) Co. Ltd
NatureWorks LLC
Purac
Synbra Technology BV

List of Tables

TABLE 1 Lactic Acid and Poly Lactic Acid (PLA) – Industry Summary & Critical Success Factors (CSFs)

TABLE 2 Global lactic acid market (Volume & Revenue), 2012 – 2020

TABLE 3 Global lactic acid market by region, (Kilo Tons), 2012 – 2020

TABLE 4 Global lactic acid market by region, (USD Million), 2012 – 2020

TABLE 5 Global lactic acid market by application, (Kilo Tons), 2012 – 2020

TABLE 6 Global lactic acid market by application (USD Million), 2012 – 2020

TABLE 7 Global PLA market (Volume & Revenue), 2012 – 2020

TABLE 8 Global PLA market by region (Kilo Tons), 2012 – 2020

TABLE 9 Global PLA market by region (USD Million), 2012 – 2020

TABLE 10 Global PLA market by application (Kilo Tons), 2012 – 2020

TABLE 11 Global PLA market by application (USD Million), 2012 – 2020

TABLE 12 Bioplastics Classification

TABLE 13 PLA – Competitive landscape

TABLE 14 Global PLA demand in packaging (Volume & Revenue), 2012 – 2020

TABLE 15 Global PLA demand in packaging by region (Kilo Tons), 2012 – 2020

TABLE 16 Global PLA demand in packaging by region, (USD Million), 2012 – 2020

TABLE 17 Global PLA demand in agriculture (Volume & Revenue), 2012 – 2020

TABLE 18 Global PLA demand in agriculture by region (Kilo Tons), 2012 – 2020

TABLE 19 Global PLA demand in agriculture by region (USD Million), 2012 – 2020

TABLE 20 Global PLA demand in transport (Volume & Revenue), 2012 – 2020

TABLE 21 Global PLA demand in transport by region (Kilo Tons), 2012 – 2020

TABLE 22 Global PLA demand in transport by region (USD Million), 2012 – 2020

TABLE 23 Global PLA demand in electronics (Volume & Revenue), 2012 – 2020

TABLE 24 Global PLA demand in electronics by region (Kilo Tons), 2012 – 2020

TABLE 25 Global PLA demand in electronics by region (USD Million), 2012 – 2020

TABLE 26 Global PLA demand in textiles (Volume & Revenue), 2012 – 2020

TABLE 27 Global PLA demand in textiles by region (Kilo Tons), 2012 – 2020

TABLE 28 Global PLA demand in textiles by region (USD Million), 2012 – 2020

TABLE 29 Global PLA demand in other applications (Volume & Revenue), 2012 – 2020

TABLE 30 Global PLA demand in other applications by region (Kilo Tons), 2012 – 2020

TABLE 31 Global PLA demand in other applications by region (USD Million), 2012 – 2020

TABLE 32 Global lactic acid demand in industrial applications (Volume & Revenue), 2012 – 2020

TABLE 33 Global lactic acid demand in industrial applications by region (Kilo Tons), 2012 – 2020

TABLE 34 Global lactic acid demand in industrial applications by region, (USD Million), 2012 – 2020

TABLE 35 Global lactic acid demand in food & beverage (Volume & Revenue), 2012 – 2020

TABLE 36 Global lactic acid demand in food & beverage by region (Kilo Tons), 2012 – 2020

TABLE 37 Global lactic acid demand in food & beverage by region (USD Million), 2012 – 2020

TABLE 38 Global lactic acid demand in pharmaceuticals (Volume & Revenue), 2012 – 2020

TABLE 39 Global lactic acid demand in pharmaceuticals by region (Kilo Tons), 2012 – 2020

TABLE 40 Global lactic acid demand in pharmaceuticals by region (USD Million), 2012 – 2020

TABLE 41 Global lactic acid demand in personal care (Volume & Revenue), 2012 – 2020

TABLE 42 Global lactic acid demand in personal care by region (Kilo Tons), 2012 – 2020

TABLE 43 Global lactic acid demand in personal care by region (USD Million), 2012 – 2020

TABLE 44 Global lactic acid demand in other applications (Volume & Revenue), 2012 – 2020

TABLE 45 Global lactic acid demand in other applications by region (Kilo Tons), 2012 – 2020

TABLE 46 Global lactic acid demand in other applications by region (USD Million), 2012 – 2020

TABLE 47 North America PLA market by application (Kilo Tons), 2012 – 2020

TABLE 48 North America PLA market by application (USD Million), 2012 – 2020

TABLE 49 Europe PLA market by application (Kilo Tons), 2012 – 2020

TABLE 50 Europe PLA market by application (USD Million), 2012 – 2020

TABLE 51 Asia Pacific PLA market by application (Kilo Tons), 2012 – 2020

TABLE 52 Asia Pacific PLA market by application (USD Million), 2012 – 2020

TABLE 53 RoW PLA market by application (Kilo Tons), 2012 – 2020

TABLE 54 RoW PLA market by application (USD Million), 2012 – 2020

TABLE 55 North America lactic acid market by application (Kilo Tons), 2012 – 2020

TABLE 56 North America lactic acid market by application (USD Million), 2012 – 2020

TABLE 57 Europe lactic acid market by application (Kilo Tons), 2012 – 2020

TABLE 58 Europe lactic acid market by application (USD Million), 2012 – 2020

TABLE 59 Asia Pacific lactic acid market by application (Kilo Tons), 2012 – 2020

TABLE 60 Asia Pacific lactic acid market by application (USD Million), 2012 – 2020

TABLE 61 RoW lactic acid market by application (Kilo Tons), 2012 – 2020

TABLE 62 RoW lactic acid market by application (USD Million), 2012 – 2020

List of Figures

FIG. 1 Lactic Acid and Poly Lactic Acid (PLA) Market Segmentation

FIG. 2 Global Lactic Acid Market (Volume & Revenue), 2012 – 2020

FIG. 3 Global PLA Market (Volume & Revenue), 2012 – 2020

FIG. 4 Value Chain Analysis

FIG. 5 PURAC’s partnership model

FIG. 6 PLA Market Dynamics

FIG. 7 WTI crude oil prices, 2008-2012 (USD per barrel)

FIG. 8 Lactic Acid Market Dynamics

FIG. 9 Lactic Acid – Key Opportunities Prioritized

FIG. 10 PLA – Key Opportunities Prioritized

FIG. 11 PLA – Porter’s Analysis

FIG. 12 PLA – Company Market Share Analysis, 2013

FIG. 13 PESTEL Analysis

FIG. 14 PLA market volume share by application, 2013 & 2020

FIG. 15 PLA plastics packaging market, by product, 2013

FIG. 16 Global PLA demand in packaging (Volume & Revenue), 2012 – 2020

FIG. 17 Global PLA demand in agriculture (Volume & Revenue), 2012 – 2020

FIG. 18 Global PLA demand in transport (Volume & Revenue), 2012 – 2020

FIG. 19 Global PLA demand in electronics (Volume & Revenue), 2012 – 2020

FIG. 20 Global PLA demand in textiles (Volume & Revenue), 2012 – 2020

FIG. 21 Global PLA demand in other applications (Volume & Revenue), 2012 – 2020

FIG. 22 Lactic acid market volume share by application, 2013 & 2020

FIG. 23 Global lactic acid demand in industrial applications (Volume & Revenue), 2012 – 2020

FIG. 24 Global lactic acid demand in food & beverage (Volume & Revenue), 2012 – 2020

FIG. 25 Global lactic acid demand in pharmaceuticals (Volume & Revenue), 2012 – 2020

FIG. 26 Global lactic acid demand in personal care (Volume & Revenue), 2012 – 2020

FIG. 27 Global lactic acid demand in other applications (Volume & Revenue), 2012 – 2020

FIG. 28 PLA market volume share by region, 2013 & 2020

FIG. 29 North America PLA market by application (Kilo Tons), 2012 – 2020

FIG. 30 North America PLA market by application (USD Million), 2012 – 2020

FIG. 31 Europe PLA market by application (Kilo Tons), 2012 – 2020

FIG. 32 Europe PLA market by application (USD Million), 2012 – 2020

FIG. 33 Asia Pacific PLA market by application (Kilo Tons), 2012 – 2020

FIG. 34 Asia Pacific PLA market by application (USD Million), 2012 – 2020

FIG. 35 RoW PLA market by application (Kilo Tons), 2012 – 2020

FIG. 36 RoW PLA market by application (USD Million), 2012 – 2020

FIG. 37 Lactic acid market volume share by region, 2013 & 2020

FIG. 38 North America lactic acid market by application (Kilo Tons), 2012 – 2020

FIG. 39 North America lactic acid market by application (USD Million), 2012 – 2020

FIG. 40 Europe lactic acid market by application (Kilo Tons), 2012 – 2020

FIG. 41 Europe lactic acid market by application (USD Million), 2012 – 2020

FIG. 42 Asia Pacific lactic acid market by application (Kilo Tons), 2012 – 2020

FIG. 43 Asia Pacific lactic acid market by application (USD Million), 2012 – 2020

FIG. 44 RoW lactic acid market by application (Kilo Tons), 2012 – 2020

FIG. 45 RoW lactic acid market by application (USD Million), 2012 – 2020
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