Polylactic Acid – A Biodegradable and Environment Friendly Material!

The polylactic acid or PLA is both biodegradable and bioactive in nature, and it is due to these properties, it is one of the most prevalent plastics in the 3D printing market. Polylactic acid is derived from either corn starch or sugar cane. PLA is most commonly used for manufacturing bottles, medical devices, and plastic films, among others.

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The polylactic acid market is expected to grow at a rapid rate, owing to the factors, such as its properties of blending easily and recycling, the need to decrease the greenhouse gas (GHG) emissions, along with its biodegradable, sustainable, environment friendly and non-toxic nature. At the same time, there are several limitations that are responsible for hampering the growth of the market. These include low melting point, low permeability, & brittleness and slow degradation rate of PLA.

According to a recently published report by BIS Research, titled Global Polylactic Acid (PLA) Market for 3D Printing – Analysis and Forecast, 2018-2028, the polylactic acid market is expected to grow at a CAGR of 19.30% during the forecast period from 2018 to 2028. The report is a detailed compilation of factors influencing the growth of the market, factors challenging the growth, and opportunities that can further enable the market to grow.

Further, key developments, product launches, partnerships, collaborations, and joint ventures, business expansions, and mergers and acquisitions, undertaken by the key players to sustain the competition are also included in detail in the report. It also includes the financials, their contribution to the growth of the market, and the SWOT analysis for some of the major players present in the market.

Some of the well-established companies existing in the market are Futerro S.A., NatureWorks LLC, Stratasys Ltd., Synbra Technology bv, Total Corbion PLA, Zhejiang Hisun Biomaterials Co., LTD., ColorFabb BV, Fillamentum Manufacturing Czech s.r.o., HATCHBOX 3D, and Ultimaker B.V.

Additionally, the detailed segmentation of the market on the basis of user-type, application, and region enables in studying the market in detail. The BIS Research report, highlights that the growing end-user industries, increasing application areas, and the increased adoption in emerging economies have led to the surge in demand for bio-based 3D printing plastics. In addition, with ongoing research and development and technological advancements in the 3D printing industry, the thermal properties of PLA are expected to improve, thereby leading to an increase in its adaptability by different end-user industries.

Related Reports:

Global 3D Printing Market for Automotive and Aerospace Industry - Analysis and Forecast (2018-2023)

Global 3D Printing Plastics Market - Analysis and Forecast, 2018-2023

Global 3D Printing Plastic and Photopolymer Material Market - Analysis and Forecast, 2017-2023

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