Lactic Acid Market by Application (Biodegradable Polymer, Food & Beverage, Personal Care & Pharmaceutical) & Polylactic Acid Market by Application (Packaging, Agriculture, Automobile, Electronics, Textile), & by Geography - Global Trends & Forecasts to 2020

 Published On: Dec, 2015 |    No of Pages: 180 |  Published By: MarketsandMarkets | Format: PDF
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Lactic acid is a bulk chemical or commodity chemical that has been witnessing strong market growth. It is commercially produced through the fermentation of glucose that is derived from plant starch. There are four main applications and uses of lactic acid: biodegradable polymers, food & beverages, personal care products (cosmetics), and pharmaceuticals. In the last few years, the use of lactic acid in biodegradable polymers has been growing significantly, mainly because of the increased consumption of products from natural sources. Emerging application possibilities in the personal care and pharmaceuticals industries are projected to increase the demand significantly in the coming years. The polylactic acid market is also witnessing a high growth, owing to increasing awareness among consumers and plastic manufacturers regarding the environment, coupled with support from government legislations and increasing landfill waste in various regions.

This report is a detailed study of different regions and their market sizes, along with an analysis of the lactic acid and polylactic acid market by application. It includes profiles and competitive positions of the top market players in the business, such as BASF SE (Germany), CSM N.V. (The Netherlands), The Dow Chemical Company (U.S.), Teijin Ltd. (Japan), and NatureWorks LLC (U.S). Apart from the financial information, insights about the competitive position of these companies and their recent developments and strategies have also been studied and included in this report.

The global lactic acid market is projected to reach around USD 3.82 billion by 2020, growing at a CAGR of 18.6% during the forecast period. In 2015, the market is estimated to be dominated by North America, followed by Asia-Pacific. The global polylactic acid market is projected to reach around USD 5.16 billion by 2020, growing at a CAGR of 20.9% during the forecast period. In 2015, the market is estimated to be dominated by Europe, followed by North America. The Asia-Pacific market is projected to grow at the highest CAGR due to its large use in various industrial applications such as in biodegradable polymers, food & beverages, personal care products, and pharmaceutical industries.

The report provides both qualitative and quantitative analysis of the global lactic acid and polylactic acid market. It includes the market dynamics, opportunities, trends, market drivers and restraints as well as the competitive strategies preferred by the key market players.

Reasons to Buy the Report:

From an insight perspective, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the global lactic acid and polylactic acid market, high-growth regions and countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help them in garnering a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on lactic acid and polylactic acid products offered by the top 10 players in the global market.

• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the global lactic acid and polylactic acid market.

• Market Development: Comprehensive information about lucrative emerging markets. The report analyses the markets for various application of global lactic acid and polylactic acid market.

• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global lactic acid and polylactic market.

• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the global lactic acid and polylactic acid market.
TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKET SEGMENTATION 16
1.3.2 YEARS CONSIDERED FOR THE STUDY. 17
1.4 CURRENCY 17
1.5 STAKEHOLDERS 17
1.6 LIMITATIONS 18

2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 22
2.2 MARKET SIZE ESTIMATION 23
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 26
2.4.1 ASSUMPTIONS 26

3 EXECUTIVE SUMMARY 27

4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE OPPORTUNITIES IN THE LACTIC ACID MARKET 32
4.2 ATTRACTIVE OPPORTUNITIES IN THE POLYLACTIC ACID MARKET 33
4.3 LACTIC ACID MARKET: MAJOR GROWTH APPLICATIONS 34
4.4 POLYLACTIC ACID MARKET: MAJOR GROWTH APPLICATIONS 35
4.5 LACTIC ACID MARKET IN THE ASIA-PACIFIC REGION 36
4.6 POLYLACTIC ACID MARKET IN THE ASIA-PACIFIC REGION 37
4.7 LACTIC ACID MARKET ATTRACTIVENESS 38
4.8 POLYLACTIC ACID MARKET ATTRACTIVENESS 39
4.9 LIFE CYCLE ANALYSIS: LACTIC ACID MARKET 40
4.10 LIFE CYCLE ANALYSIS: POLYLACTIC ACID MARKET 41
 
5 MARKET OVERVIEW 42
5.1 INTRODUCTION 43
5.2 MARKET SEGMENTATION 44
5.2.1 LACTIC ACID MARKET 45
5.2.2 POLYLACTIC ACID (PLA) MARKET 45
5.3 CORE INDUSTRY ANALYSIS 45
5.3.1 INDUSTRIAL BIOTECHNOLOGY-BASED CHEMICALS 45
5.4 LACTIC ACID MARKET DYNAMICS 46
5.4.1 DRIVERS 46
5.4.1.1 Growth in end-user applications 46
5.4.1.2 Increase in demand for lactic acid-based personal care products 47
5.4.2 RESTRAINTS 47
5.4.2.1 Volatility of raw material prices 47
5.4.3 OPPORTUNITIES 47
5.4.3.1 Growing application of lactic acid for manufacturing of polylactic acid 47
5.4.4 CHALLENGES 48
5.4.4.1 Infrastructural challenges in developing countries 48
5.5 POLYLACTIC ACID MARKET DYNAMICS 48
5.5.1 DRIVERS 49
5.5.1.1 Increasing consumer preference for eco-friendly packaging 49
5.5.1.2 Rising crude oil prices 49
5.5.2 RESTRAINTS 49
5.5.2.1 Price competitiveness against conventional polymers 49
5.5.3 OPPORTUNITIES 50
5.5.3.1 Production of PLA from lignocellulose feedstocks 50
5.5.3.2 Increasing scope of applications in end-user industries 50
5.5.4 CHALLENGE 51
5.5.4.1 Increasing demand for bio-based ingredients 51
5.6 EVOLUTION OF LACTIC ACID MARKET 51
5.7 EVOLUTION OF POLYLACTIC ACID MARKET 51

6 INDUSTRY TRENDS 52
6.1 INTRODUCTION 52
6.2 SUPPLY CHAIN ANALYSIS 52
6.3 PORTER’S FIVE FORCES ANALYSIS: LACTIC ACID MARKET 53
6.3.1 INTENSITY OF COMPETITIVE RIVALRY 54
6.3.2 BARGAINING POWER OF BUYERS 54
6.3.3 BARGAINING POWER OF SUPPLIERS 54
6.3.4 THREAT OF SUBSTITUTES 55
6.3.5 THREAT OF NEW ENTRANTS 55
6.4 PORTER’S FIVE FORCES ANALYSIS: POLYLACTIC ACID MARKET 56
6.4.1 INTENSITY OF COMPETITIVE RIVALRY 56
6.4.2 BARGAINING POWER OF BUYERS 57
6.4.3 BARGAINING POWER OF SUPPLIERS 57
6.4.4 THREAT OF SUBSTITUTES 58
6.4.5 THREAT OF NEW ENTRANTS 58

7 LACTIC ACID MARKET, BY APPLICATION 59
7.1 INTRODUCTION 60
7.2 BIODEGRADABLE POLYMERS 62
7.3 FOOD & BEVERAGES 63
7.4 PHARMACEUTICALS 64
7.5 PERSONAL CARE PRODUCTS 65
7.6 OTHER APPLICATIONS 66

8 POLYLACTIC ACID MARKET, BY APPLICATION 68
8.1 INTRODUCTION 69
8.2 PACKAGING 71
8.2.1 RIGID PACKAGING 71
8.2.2 COMPOST BAGS 71
8.2.3 LOOSE FILL PACKAGING 71
8.3 AGRICULTURE 73
8.4 AUTOMOBILES 74
8.5 ELECTRONICS 75
8.6 TEXTILES 76
8.7 OTHER APPLICATIONS 77

9 LACTIC ACID MARKET, BY REGION 78
9.1 INTRODUCTION 79
9.2 NORTH AMERICA 81
9.2.1 U.S. 84
9.2.2 CANADA 85
9.2.3 MEXICO 86
9.3 EUROPE 87
9.3.1 GERMANY 89
9.3.2 U.K. 90
9.3.3 FRANCE 91
9.3.4 ITALY 92
9.3.5 BELGIUM 93
9.3.6 THE NETHERLANDS 94
9.3.7 REST OF EUROPE 95
9.4 ASIA-PACIFIC 96
9.4.1 CHINA 99
9.4.2 JAPAN 100
9.4.3 AUSTRALIA-NEW ZEALAND 102
9.4.4 THAILAND 103
9.4.5 REST OF ASIA-PACIFIC 104
9.5 REST OF THE WORLD (ROW) 105
9.5.1 BRAZIL 106
9.5.2 MIDDLE EAST 107
9.5.3 OTHER COUNTRIES IN ROW 108

10 POLYLACTIC ACID MARKET, BY REGION 110
10.1 INTRODUCTION 111
10.2 NORTH AMERICA 113
10.2.1 U.S. 114
10.2.2 CANADA 115
10.2.3 MEXICO 116
10.3 EUROPE 118
10.3.1 GERMANY 119
10.3.2 U.K. 120
10.3.3 FRANCE 121
10.3.4 ITALY 122
10.3.5 BELGIUM 123
10.3.6 THE NETHERLANDS 124
10.3.7 REST OF EUROPE 125
10.4 ASIA-PACIFIC 127
10.4.1 CHINA 128
10.4.2 JAPAN 129
10.4.3 AUSTRALIA-NEW ZEALAND 130
10.4.4 THAILAND 131
10.4.5 REST OF ASIA-PACIFIC 132
10.5 REST OF THE WORLD (ROW) 134
10.5.1 BRAZIL 135
10.5.2 MIDDLE EAST 136
10.5.3 OTHER COUNTRIES IN ROW 137
 
11 COMPETITIVE LANDSCAPE 139
11.1 OVERVIEW 139
11.2 COMPETITIVE SITUATIONS & TRENDS 140
11.2.1 NEW PRODUCT LAUNCHES 141
11.2.2 EXPANSIONS & INVESTMENTS 142
11.2.3 AGREEMENTS, PARTNERSHIP, JOINT VENTURE AND COLLABORATIONS 143
11.2.4 MERGERS & ACQUISITIONS 145

12 COMPANY PROFILES 146 (Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
12.1 INTRODUCTION 146
12.2 BASF SE 147
12.3 TEIJIN LTD 150
12.4 THE DOW CHEMICAL COMPANY 153
12.5 CORBION N.V. 156
12.6 MEREDIAN HOLDINGS GROUP, INC. 159
12.7 NATUREWORKS LLC 161
12.8 HENAN JINDAN LACTIC ACID TECHNOLOGY CO. LTD 163
12.9 SYNBRA TECHNOLOGY B.V. 164
12.10 WEI MON INDUSTRY CO., LTD. 166
12.11 GALACTIC S.A. 168

*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.

13 APPENDIX 170
13.1 DISCUSSION GUIDE 170
13.2 RECENT DEVELOPMENTS 172
13.2.1 NEW PRODUCT LAUNCHES 172
13.2.2 EXPANSIONS & INVESTMENTS 173
13.2.3 AGREEMENTS, PARTNERSHIP, JOINT VENTURE AND COLLABORATIONS 174
13.2.4 MERGERS & ACQUISITIONS 176
13.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 177
13.4 AVAILABLE CUSTOMIZATIONS 178
13.5 RELATED REPORTS 178

LIST OF TABLES

TABLE 1 LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 60
TABLE 2 LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 61
TABLE 3 LACTIC ACID MARKET IN BIODEGRADABLE POLYMERS, BY REGION, 2013–2020 (USD MILLION) 62
TABLE 4 LACTIC ACID MARKET IN BIODEGRADABLE POLYMERS, BY REGION, 2013–2020 (KT) 63
TABLE 5 LACTIC ACID MARKET IN FOOD & BEVERAGES, BY REGION, 2013–2020 (USD MILLION) 63
TABLE 6 LACTIC ACID MARKET IN FOOD & BEVERAGES, BY REGION, 2013–2020 (KT) 64
TABLE 7 LACTIC ACID MARKET IN PHARMACEUTICALS, BY REGION, 2013–2020 (USD MILLION) 64
TABLE 8 LACTIC ACID MARKET IN PHARMACEUTICALS, BY REGION, 2013–2020 (KT) 65
TABLE 9 LACTIC ACID MARKET IN PERSONAL CARE PRODUCTS, BY REGION, 2013–2020 (USD MILLION) 65
TABLE 10 LACTIC ACID MARKET IN PERSONAL CARE PRODUCTS, BY REGION, 2013–2020 (KT) 66
TABLE 11 LACTIC ACID MARKET IN OTHER APPLICATIONS, BY REGION, 2013–2020 (USD MILLION) 66
TABLE 12 LACTIC ACID MARKET IN OTHER APPLICATIONS, BY REGION, 2013–2020 (KT) 67
TABLE 13 POLYLACTIC ACID MARKET, BY APPLICATION, 2013–2020 (USD MILLION) 70
TABLE 14 POLYLACTIC ACID MARKET, BY APPLICATION, 2013–2020 (KT) 70
TABLE 15 POLYLACTIC ACID MARKET IN PACKAGING, BY REGION, 2013–2020 (USD MILLION) 72
TABLE 16 POLYLACTIC ACID MARKET IN PACKAGING, BY REGION, 2013–2020 (KT) 72
TABLE 17 POLYLACTIC ACID MARKET IN AGRICULTURE, BY REGION, 2013–2020 (USD MILLION) 73
TABLE 18 POLYLACTIC ACID MARKET IN AGRICULTURE, BY REGION, 2013–2020 (KT) 73
TABLE 19 POLYLACTIC ACID MARKET IN AUTOMOBILES, BY REGION, 2013–2020 (USD MILLION) 74
TABLE 20 POLYLACTIC ACID MARKET IN AUTOMOBILES, BY REGION, 2013–2020 (KT) 74
TABLE 21 POLYLACTIC ACID MARKET IN ELECTRONICS, BY REGION, 2013–2020 (USD MILLION) 75
TABLE 22 POLYLACTIC ACID MARKET IN ELECTRONICS, BY REGION, 2013–2020 (KT) 75
TABLE 23 POLYLACTIC ACID MARKET IN TEXTILES, BY REGION, 2013–2020 (USD MILLION) 76
TABLE 24 POLYLACTIC ACID MARKET IN TEXTILES, BY REGION, 2013–2020 (KT) 76
TABLE 25 POLYLACTIC ACID MARKET IN OTHER APPLICATIONS, BY REGION, 2013–2020 (USD MILLION) 77
TABLE 26 POLYLACTIC ACID MARKET IN OTHER APPLICATIONS, BY REGION, 2013–2020 (KT) 77
TABLE 27 LACTIC ACID MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 80
TABLE 28 LACTIC ACID MARKET SIZE, BY REGION, 2013–2020 (KT) 81
TABLE 29 NORTH AMERICA: LACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 83
TABLE 30 NORTH AMERICA: LACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 83
TABLE 31 U.S.: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 84
TABLE 32 U.S.: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 84
TABLE 33 CANADA: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 85
TABLE 34 CANADA: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 85
TABLE 35 MEXICO: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 86
TABLE 36 MEXICO: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 86
TABLE 37 EUROPE: LACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 88
TABLE 38 EUROPE: LACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 88
TABLE 39 GERMANY: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 89
TABLE 40 GERMANY: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 89
TABLE 41 U.K.: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 90
TABLE 42 U.K.: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 90
TABLE 43 FRANCE: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 91
TABLE 44 FRANCE: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 91
TABLE 45 ITALY: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 92
TABLE 46 ITALY: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 92
TABLE 47 BELGIUM: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 93
TABLE 48 BELGIUM: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 93
TABLE 49 THE NETHERLANDS: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 94
TABLE 50 THE NETHERLANDS: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 94
TABLE 51 REST OF EUROPE: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 95
TABLE 52 REST OF EUROPE: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 95
TABLE 53 ASIA-PACIFIC: LACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 98
TABLE 54 ASIA-PACIFIC: LACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 99
TABLE 55 CHINA: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 99
TABLE 56 CHINA: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 100
TABLE 57 JAPAN: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 100
TABLE 58 JAPAN: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 101
TABLE 59 AUSTRALIA-NEW ZEALAND: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 102
TABLE 60 AUSTRALIA-NEW ZEALAND: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 102
TABLE 61 THAILAND: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 103
TABLE 62 THAILAND: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 103
TABLE 63 REST OF ASIA-PACIFIC: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 104
TABLE 64 REST OF ASIA-PACIFIC: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 104
TABLE 65 ROW: LACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 105
TABLE 66 ROW: LACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 106
TABLE 67 BRAZIL: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 106
TABLE 68 BRAZIL: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 107
TABLE 69 MIDDLE EAST: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 107
TABLE 70 MIDDLE EAST: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 108
TABLE 71 OTHER COUNTRIES IN ROW: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 108
TABLE 72 OTHER COUNTRIES IN ROW: LACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 109
TABLE 73 POLYLACTIC ACID MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 111
TABLE 74 POLYLACTIC ACID MARKET SIZE, BY REGION, 2013–2020 (KT) 112
TABLE 75 NORTH AMERICA: POLYLACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 113
TABLE 76 NORTH AMERICA: POLYLACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 114
TABLE 77 U.S.: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 114
TABLE 78 U.S.: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 115
TABLE 79 CANADA: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 115
TABLE 80 CANADA: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 116
TABLE 81 MEXICO: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 116
TABLE 82 MEXICO: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 117
TABLE 83 EUROPE: POLYLACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 118
TABLE 84 EUROPE: POLYLACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 119
TABLE 85 GERMANY: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 119
TABLE 86 GERMANY: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 120
TABLE 87 U.K.: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 120
TABLE 88 U.K.: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 121
TABLE 89 FRANCE: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 121
TABLE 90 FRANCE: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 122
TABLE 91 ITALY: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 122
TABLE 92 ITALY: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 123
TABLE 93 BELGIUM: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 123
TABLE 94 BELGIUM: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 124
TABLE 95 THE NETHERLANDS: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 124
TABLE 96 THE NETHERLANDS: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 125
TABLE 97 REST OF EUROPE: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 125
TABLE 98 REST OF EUROPE: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 126
TABLE 99 ASIA-PACIFIC: POLYLACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 127
TABLE 100 ASIA-PACIFIC: POLYLACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 128
TABLE 101 CHINA: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 128
TABLE 102 CHINA: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 129
TABLE 103 JAPAN: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 129
TABLE 104 JAPAN: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 130
TABLE 105 AUSTRALIA-NEW ZEALAND: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 130
TABLE 106 AUSTRALIA-NEW ZEALAND: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 131
TABLE 107 THAILAND: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 131
TABLE 108 THAILAND: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 132
TABLE 109 REST OF ASIA-PACIFIC: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 132
TABLE 110 REST OF ASIA-PACIFIC: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 133
TABLE 111 ROW: POLYLACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 134
TABLE 112 ROW: POLYLACTIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 135
TABLE 113 BRAZIL: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 135
TABLE 114 BRAZIL: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 136
TABLE 115 MIDDLE EAST: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 136
TABLE 116 MIDDLE EAST: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 137
TABLE 117 OTHER COUNTRIES IN ROW: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 137
TABLE 118 OTHER COUNTRIES IN ROW: POLYLACTIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (KT) 138
TABLE 119 NEW PRODUCT LAUNCHES, 2010–2011 141
TABLE 120 EXPANSIONS & INVESTMENTS, 2010–2014 142
TABLE 121 AGREEMENTS, PARTNERSHIP, JOINT VENTURE AND COLLABORATIONS, 2010–2014 143
TABLE 122 MERGERS & ACQUISITIONS, 2012–2015 145
TABLE 123 NEW PRODUCT LAUNCHES, 2010–2014 172
TABLE 124 EXPANSIONS & INVESTMENTS, 2010–2014 173
TABLE 125 AGREEMENTS, PARTNERSHIP, JOINT VENTURE AND COLLABORATIONS, 2010–2014 174
TABLE 126 MERGERS & ACQUISITIONS, 2012–2015 176

LIST OF FIGURES

FIGURE 1 LACTIC ACID MARKET: RESEARCH DESIGN 19
FIGURE 2 POLYLACTIC ACID MARKET: RESEARCH DESIGN 20
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 23
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 24
FIGURE 5 LACTIC ACID & POLYLACTIC ACID MARKET BREAKDOWN & DATA TRIANGULATION 25
FIGURE 6 LACTIC ACID MARKET SNAPSHOT (2015 VS 2020): BIODEGRADABLE POLYMERS SEGMENT IS PROJECTED TO GROW AT THE HIGHEST CAGR 28
FIGURE 7 POLYLACTIC ACID MARKET SNAPSHOT (2015 VS 2020): PACKAGING APPLICATION TO DOMINATE POLYLACTIC ACID MARKET DURING THE FORECAST PERIOD 29
FIGURE 8 LACTIC ACID MARKET SHARE , BY REGION, 2015: ASIA-PACIFIC IS PROJECTED TO BE THE FASTEST-GROWING MARKET 30
FIGURE 9 POLYLACTIC ACID MARKET SHARE, BY REGION, 2015: EUROPE IS EXPECTED TO DOMINATE 31
FIGURE 10 RISING DEMAND FOR END-USER APPLICATIONS OFFER ATTRACTIVE OPPORTUNITIES IN THE LACTIC ACID MARKET 32
FIGURE 11 MARKET ATTRACTIVENESS IN THE POLYLACTIC ACID MARKET 33
FIGURE 12 BIODEGRADABLE POLYMERS TO DOMINATE THE LACTIC ACID MARKET DURING THE FORECAST PERIOD 34
FIGURE 13 PACKAGING APPLICATION IS EXPECTED TO DOMINATE THE POLYLACTIC ACID MARKET BETWEEN 2015 & 2020 35
FIGURE 14 BIODEGRADABLE POLYMERS CAPTURED THE LARGEST SHARE IN THE EMERGING ASIA-PACIFIC MARKET IN 2014 36
FIGURE 15 CHINA IS THE LARGEST MARKET FOR POLYLACTIC ACID IN THE EMERGING ASIA-PACIFIC REGION IN 2014 37
FIGURE 16 INCREASING POPULATION AND SPENDING CAPACITY IN THE ASIA-PACIFIC REGION TO BOOST DEMAND FOR LACTIC ACID BETWEEN 2015 AND 2020 38
FIGURE 17 THAILAND TO BE THE FASTEST GROWING COUNTRY-LEVEL MARKET FOR POLYLACTIC ACID 39
FIGURE 18 ASIA-PACIFIC MARKET TO ENTER EXPONENTIAL GROWTH PHASE AFTER 2015 40
FIGURE 19 ASIA-PACIFIC MARKET TO EXPERIENCE HIGH GROWTH IN THE FORECAST PERIOD FOR POLYLACTIC ACID 41
FIGURE 20 LACTIC ACID & POLYLACTIC ACID MARKET SEGMENTATION 44
FIGURE 21 LACTIC ACID MARKET DYNAMICS 46
FIGURE 22 POLYLACTIC ACID MARKET DYNAMICS 48
FIGURE 23 SUPPLY CHAIN ANALYSIS OF THE LACTIC ACID & POLYLACTIC ACID INDUSTRY 52
FIGURE 24 PORTER’S FIVE FORCES ANALYSIS – LACTIC ACID MARKET 53
FIGURE 25 PORTER’S FIVE FORCES ANALYSIS – POLYLACTIC ACID MARKET 56
FIGURE 26 BIODEGRADABLE POLYMERS TO DOMINATE THE LACTIC ACID MARKET DURING THE FORECAST PERIOD 60
FIGURE 27 NORTH AMERICA TO DOMINATE THE BIODEGRADABLE POLYMERS MARKET FROM 2015 TO 2020 62
FIGURE 28 PACKAGING TO DOMINATE THE POLYLACTIC ACID MARKET DURING THE FORECAST PERIOD 69
FIGURE 29 EUROPE TO DOMINATE THE PACKAGING SEGMENT FROM 2015 TO 2020 72
FIGURE 30 GEOGRAPHIC SNAPSHOT (2014): ASIA-PACIFIC COUNTRIES ARE EMERGING AS NEW HOTSPOTS 79
FIGURE 31 NORTH AMERICA TO DOMINATE THE LACTIC ACID MARKET DURING THE FORECAST PERIOD 80
FIGURE 32 THE NORTH AMERICAN LACTIC ACID & POLYLACTIC ACID MARKET SNAPSHOT: THE U.S. IS PROJECTED TO BE THE GLOBAL LEADER BETWEEN 2015 & 2020 82
FIGURE 33 NORTH AMERICA TO DOMINATE THE LACTIC ACID MARKET DURING THE FORECAST PERIOD (USD MILLION) 83
FIGURE 34 GERMANY IS EXPECTED TO DOMINATE THE EUROPEAN LACTIC ACID MARKET DURING THE FORECAST PERIOD (USD MILLION) 87
FIGURE 35 ASIA-PACIFIC LACTIC & POLYLACTIC ACID MARKET SNAPSHOT: CHINA IS THE MOST DOMINANT MARKET 97
FIGURE 36 CHINA TO HOLD THE LARGEST MARKET IN THE ASIA-PACIFIC LACTIC ACID MARKET (USD MILLION) 98
FIGURE 37 BRAZIL TO DOMINATE THE LACTIC ACID MARKET IN REST OF THE WORLD DURING THE FORECAST PERIOD (USD MILLION) 105
FIGURE 38 EUROPE TO DOMINATE THE POLYLACTIC ACID MARKET DURING THE FORECAST PERIOD 111
FIGURE 39 U.S. TO DOMINATE THE POLYLACTIC ACID MARKET DURING THE FORECAST PERIOD (USD MILLION) 113
FIGURE 40 GERMANY IS EXPECTED TO DOMINATE THE EUROPEAN POLYLACTIC ACID MARKET DURING THE FORECAST PERIOD (USD MILLION) 118
FIGURE 41 CHINA TO HOLD THE LARGEST SHARE IN THE ASIA-PACIFIC POLYLACTIC ACID MARKET (USD MILLION) 127
FIGURE 42 BRAZIL TO DOMINATE THE POLYLACTIC ACID MARKET IN ROW DURING THE FORECAST PERIOD (USD MILLION) 134
FIGURE 43 AGREEMENTS , PARTNERSHIP, JOINT VENTURE & COLLABORATION LEADING APPROACH OF KEY PLAYERS 139
FIGURE 44 NEW PRODUCT LAUNCHES AND INNOVATIONS FUELED THE GROWTH OF LACTIC ACID AND POLYLACTIC ACID MARKET BETWEEN 2010 TO 2014 140
FIGURE 45 NEW PRODUCT LAUNCH WAS THE KEY STRATEGY OF THE COMPANIES 140
FIGURE 46 GEOGRAPHIC REVENUE MIX OF TOP 5 MARKET PLAYERS 146
FIGURE 47 BASF SE: COMPANY SNAPSHOT 147
FIGURE 48 BASF SE: SWOT ANALYSIS 149
FIGURE 49 TEIJIN LTD: COMPANY SNAPSHOT 150
FIGURE 50 TEIJIN LTD: SWOT ANALYSIS 152
FIGURE 51 THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT 153
FIGURE 52 THE DOW CHEMICAL COMPANY: SWOT ANALYSIS 155
FIGURE 53 CORBION N.V.: COMPANY SNAPSHOT 156
FIGURE 54 WEI MON INDUSTRY CO., LTD.: COMPANY SNAPSHOT 166

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