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 L lactide Market
Posted on : Wednesday, 09 October, 2019  09:35
Location : Omkar Heights, Sinhagad Road, Guwahati, Assam
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URL : https://www.maximizemarketresearch.com/market-report/l-lactide-market/13265/

L lactide Market was valued US$ 781 Mn in 2017 and is anticipated to reach a US$ 2230 Mn by 2026 at a CAGR of about 14 % during a forecast.

Global L-lactide Market is segmented by end use and by region. In terms of end-user industry, the L-lactide market is classified into food & beverage packaging, electrical & electronics, medical & health care, and others. Regional segmentation of L-lactide market includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Increase in demand for bioplastics such as polylactic acid (PLA) across the globe due to environmental concerns is anticipated to drive the L-lactide market. L-lactide growth is majorly driven by rising demand for bioplastics. Polylactic acid – PLA – is a commonly used bioplastics that is derived from L-lactide. L-lactide offers favourable applications in the medical & health care sector, evolution in nanotechnology and material science favouring the growth of L-lactide market in the forecast period. Utility of L-lactide in soil retention sheeting, agricultural films, and waste bags offers opportunity to L-lactide market.

Global L lactide Market

Food & beverage packaging is a leading class in L-lactide market followed by electrical & electronics. Increased use of L-lactide in food containers, bags and cups, and disposable service ware and utensils the food & beverage packaging class acquires high market share. The properties of L-lactide, such as feasibility, its barrier properties and appearance, make it use in packaging. Due to increasing applications of L-lactide in 3D printing and rapid prototyping it is about grow in electrical & electronics sector. Medical & health care shows growth at slow pace in a forecast.

North America holds major share of the global L-lactide market. Policies and regulations enacted by the EPA upon plastic use has encouraged the use of bio-based plastic hence boosted the L-lactide market in the North America.

NatureWorks, Tokyo Chemical, Polysciences, Corbion, Synbra Technology, Teiji, Toray, Futerro, Toyobo, Toronto Research Chemicals, Synbra Technology, Teijin, Toray
Futerro, Toyobo,Toronto Research Chemicals, Mitsui Chemicals, Shimadzu, NEC, Toyota, PURAC Biomaterials, Hycail, Galactic and Cereplast are some key players opearating in the L-lactide market.

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