# Polylactic Acid Market Size, Share and Future Demand # The global polylactic acid market size is expected to experience exponential growth by reaching USD 2,306,708.2 thousand by 2028. This information is published by Fortune Business Insights in its latest report, titled, “Polylactic Acid Market, 2021-2028.” The report further observes that the market stood at USD 698,200.9 thousand in 2020 and is projected to exhibit a CAGR of 16.3% between 2021 and 2028. Information Source - https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429 Increasing Demand for PLA and Composites in Medical Industry In September 2020, Total Corbion PLA announced its plan to build its second PLA facility with an aim to manufacture up to 100,000 tons of PLA and its composites annually. According to the company, the new plant will be operational from 2024 at Grandpuits, France. The growing demand for biocompatible and biodegradable polymers across the medical industry for tissue engineering, medical implants, drug delivery systems, and orthopedic devices is expected to boost the market’s demand in the forthcoming years. Market Segmentation: We have bifurcated the market based on application and region. On the basis of application, the market is categorized into packaging, textiles, consumer Goods, agriculture & horticulture, and others. Lastly, based on region, the market is segmented into Europe, Asia-Pacific, Latin America, the Middle East and Africa, and North America. What does the Report Provide? The market report provides in-depth analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years. DRIVING FACTORS Increasing Demand for Sustainable Energy Systems to Augment Polylactic Acid Market Growth Polylactic acid (PLA) provides several eco-friendly advantages such as reduced reliance on fossil resources, significant decrease in carbon footprint, and others compared to other carbon-based products. For instance, about 0.5 kg CO2 eq/kg is the global warming potential (GWP) of PLA that is much less than other fossil-based copolymers such as PET, PS, PE, and PP. Therefore, the growing focus on reducing the carbon emissions is expected to propel the product’s demand in the forthcoming years. Moreover, the rising e-commerce platforms such as Amazon, Flipkart, ebay, and Alibaba that has witnessed surge in online sales is expected to boost the global polylactic market growth in the forthcoming years. Further Report Findings: Europe is expected to remain at the forefront and hold the highest position in the global polylactic acid market during the forecast period. This is attributable to the increasing demand for exotic fruits and vegetables that is propelling the adoption of biodegradable packaging materials such as poly lactic acid. Europe stood at USD 285,573.1 thousand in 2020. The market in North America is expected to showcase exponential growth backed by the evolving consumer lifestyle and the growing consumption of organic food products between 2021 and 2028. Based on application, the packaging segment is anticipated to hold a significant polylactic acid market share during the forecast period. This is ascribable to the growing demand for PLA from several industrial applications such as medical, automotive, food & beverage, and others globally. COMPETITIVE LANDSCAPE Facility Expansion by Prominent Companies to Strengthen Their Market Positions The global market for polylactic acid is consolidated by major companies focusing on maintaining their presence by focusing on expanding their facilities to cater to the growing industrial demand. Furthermore, other key players are striving to maintain their presence by adopting strategies such as collaboration, merger and acquisition, and partnership that is expected to contribute to the growth of the global marketplace. Industry Development: November 2020– Sulzer Chemtech announced its support for B&F PLA to develop China’s first-ever fully-integrated sugar-to-PLA (polylactic acid) plant in Bengbu, Anhui Province. The plant is expected to adopt the crystallization, distillation, and polymerization technology from Sulzer to produce 30,000 tons of PLA annually. List of the Companies Profiled in the Global Market: NatureWorks (Minnetonka, Minnesota, United States) Total Corbion PLA (Gorinchem, Netherlands) BASF SE (Ludwigshafen, Germany) Sulzer (Winterthur, Switzerland) Other Key Players
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Precious Metals Market Size, Share and Future Demand

The global precious metals market size was USD 261.94 billion in 2020. The industry is expected to expand from USD 275.40 billion in 2021 to USD 403.08 billion in 2028, exhibiting a CAGR of 5.6% from 2021 to 2028. The rise can be credited to increasing disposable incomes and changing lifestyle choices across various regions. Information Source - https://www.fortunebusinessinsights.com/precious-metals-market-105747 Segments: Gold Segment to Register Notable Growth Due to Escalating Disposable Income Based on type, the market for precious metals is segmented into silver, gold, and platinum group metals. The gold segment is expected to record commendable expansion over the forecast period. The rise can be attributed to the surging disposable income and escalating knowledge regarding investments among consumers. Based on region, the industry is subdivided into Europe, Asia Pacific, North America, South America, and the Middle East & Africa.

6/5/2023
Antimicrobial Coatings: Advancements and Innovations in a Post-Pandemic World

According to a research report titled “Antimicrobial Coatings Market, 2020-2027” by Fortune Business Insights™, the global antimicrobial coatings market size was USD 3,690.0 million in 2019 and is expected to reach USD 8,650.7 million by 2027, exhibiting a CAGR of 11.5% during the forecast period. Information Source - https://www.fortunebusinessinsights.com/antimicrobial-coatings-market-102784 The rise can be attributed to the increasing use of antimicrobial coatings by paint manufacturers to inhibit the growth of pathogens. The coatings contain additives that offer long-lasting and adequate protection against fungi, bacteria, and mold. The market is segmented into metallic and non-metallic types. The metallic segment is fragmented into copper, silver, and others, with the silver sub-segment holding a major share in the industry. The market is also divided based on application into mold remediation, medical & healthcare, food & beverage, building & construction, textile, and others. The medical & healthcare segment is expected to record commendable growth over the estimated period due to the rising product usage in medical appliances, products, and surfaces for preventing the spread of infection. Drivers and Restraints:

6/2/2023
Polylactic Acid Market Size, Share and Future Demand Forecast

In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava. It is commonly used in a wide range of applications, including packaging, textiles, and consumer goods. In this blog, we will take a closer look at the factors driving the growth of the polylactic acid market and the benefits of using this eco-friendly material. Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429 The Growing Demand for Sustainable Materials The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment. the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods.

6/1/2023
Cleaning Up the Competition: An In-Depth Analysis of the Surface Disinfectant Market

The global surface disinfectant market is set to gain impetus from the emergence of COVID-19 pandemic worldwide. It has surged the need for surface disinfectant as people are persistently sanitizing the places and objects that are coming into frequent human contact for reducing the impact of the virus. This information is given by Fortune Business Insights™ in a recent report, titled, “Surface Disinfectant Market Size, Share & Industry Analysis, By Type (Aerosol, Gel, Liquid, and Wipe), By Composition (Alcohols, Chlorine Compounds, Quaternary Ammonium Compounds, Hydrogen Peroxide, Peracetic Acid, and Others), By Application (Residential, Commercial, Health Care Facility, and Others), and Regional Forecast, 2020-2027.” The report further states that the global surface disinfectant market size was USD 770.6 million in 2019 and is projected to reach USD 1,547.7 million by 2027, exhibiting a CAGR of 9.1% during the forecast period. Information Source - https://www.fortunebusinessinsights.com/surface-disinfectant-market-103062 This Report Answers the Following Questions: What are the market drivers, hindrances, and dynamics? How will the market be affected in the coming years? Which strategies are being adopted by prominent companies to intensify competition? Which region is expected to lead the market?

5/31/2023
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