Global Extruded Polylactic Acid Fiber Market

Polylactic acid is a bio-degradable thermoplastic, which is derived from renewable sources such as sugarcane, corn starch, wheat, tapioca roots, and the resulting polylactic acid formed is pressed out in the form of fiber by melt-spinning. Given that PLA fiber can be recycled(ground up, and melted)/ can be decomposed into carbon-dioxide and water by natural processes, it is regarded as highly sustainable than any other non-cellulosic synthetic fiber.

Market Dynamics

The global PLA fiber market is driven by the demand for various end user applications such as woven and knit apparel fabrics including socks, shirts, and sports clothing, products including fiber-fill for pillows, comforters, mattress pads, fiber-beds (similar to feather beds) and pillow-top mattresses, carpeting including recyclable carpeting, disposable products such as diapers and wipes, simulated suede and leathers, fish nets, automotive upholstery, packaging, healthcare etc. Driven primarily by environmental shifts and pressures, population change and changing consumer values, and enriched by opportunities emerging due to technological advances and shifting economic power, mindful consumptionis emerging replacing the conspicuous consumption of the past and this movement is even more progressive in the emerging markets where rapid economic development has triggered negative environmental changes such as pollution, water scarcity or unmanaged industrial waste. All these factors, combined with the depleting fossil fuel reserves which are used as raw materials in the manufacture of synthetic fibers, are projected to drive the growing demand for eco-friendly alternatives for synthetic fibers and hence PLA fibers. Prices of raw materials and the general macro-economic environmental factors, which influence the demand for the various end-user application segments are some of the challenges faced the global PLA fiber market.

Market Segmentation

The global extruded polylactic acid fiber market can also be segmented on the basis of application into

--> Textiles

--> Electrical & Electronics

--> Transportation

--> Agriculture Support

--> Packaging

--> Others

Finally, it can also be segmented on the basis of geography/region into

--> Americas

--> EMEA

--> Asia Pacific

Regional/Geographic Analysis

Asia-Pacific

The Asia-Pacific market for PLA fibers is forecasted to grow at a rapid pace owing to the presence of several developing economies in addition to the regions high population growth rates increasing the demand for the various end user application segments of PLA fibers, technological advancements, growing demand in countries like India and China due to the presence of Electronics, Textile and Packaging industries, upcoming production facilities in countries like China and Thailand making it easily available and favourable regulatory scenario for environmental friendly products.

Americas

The market for PLA fiber is dominated by North America owing to the fact that the region is the largest producer and the consumer of PLA and would continue to account for a sizeable portion of the market due to its large production capacity, supportive legal framework, feedstock availability, and increasing consumer awareness about eco-friendly products.

EMEA

Europe is also expected to be significant driver of growth due to stringent government norms and environmental regulations and rising consumer awareness about sustainability.

Key Players

Some of the key players in this market are DuPont, Bayer, Braskem, Sinopec, Sulzer Chemtec, Wei Mon Industry, HenenJindan Lactic Acid Technology, Sulzer Chemtec, Exxonmobil, Cargil, Mitsui Chemicals, KaneboGohsen Ltd, Unitika, Futerro etc.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage