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  • 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.

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    Polylactic Acid Market Size & Share | Global Report [2021-2028]
    The global polylactic acid market size was USD 698,200.9 thousand in 2020 and is projected to reach USD 2,306,708.2 thousand by 2028, exhibiting a CAGR of 16.3% during the forecast period.
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  • 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.

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    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Polylactic Acid Market Size & Share | Global Report [2021-2028]
    The global polylactic acid market size was USD 698,200.9 thousand in 2020 and is projected to reach USD 2,306,708.2 thousand by 2028, exhibiting a CAGR of 16.3% during the forecast period.
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  • 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.

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    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Polylactic Acid Market Size & Share | Global Report [2021-2028]
    The global polylactic acid market size was USD 698,200.9 thousand in 2020 and is projected to reach USD 2,306,708.2 thousand by 2028, exhibiting a CAGR of 16.3% during the forecast period.
    0 Comments 0 Shares 10421 Views
  • 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

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    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.
    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.
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    Polylactic Acid Market Size & Share | Global Report [2021-2028]
    The global polylactic acid market size was USD 698,200.9 thousand in 2020 and is projected to reach USD 2,306,708.2 thousand by 2028, exhibiting a CAGR of 16.3% during the forecast period.
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  • The global acetaldehyde market size was valued at USD 1.53 billion in 2021. The market is projected to grow from USD 1.58 billion in 2022 to USD 1.98 billion by 2029, exhibiting a CAGR of 3.3% during the forecast period.

    This information is presented by Fortune Business Insights, in its report titled, “Acetaldehyde Market, 2022-2029.”

    Information Source- https://www.fortunebusinessinsights.com/acetaldehyde-market-107120

    Segments:

    Surging Demand for Basic Dyes and Polymer Resins to Promote Market Augmentation

    As per application, the market is divided into chemical synthesis, food & beverages, pharmaceuticals & cosmetics, paints & coatings, and others. Chemical synthesis segment captured 52.9% of the market share in 2021 owing to rising demand for basic dyes and polymer resins in end-use industries. This will contribute to the rising demand for derivatives in the coming years.

    Regionally, the global market is fragmented into North America, Europe, Asia Pacific, and Rest of the World.

    Report Coverage:

    The report examines the market systematically and thoroughly by dividing it into segments and regions. Growth rate estimates, market share held, and revenue predictions for each segment and region are also given. A deep-dive analysis of leading companies in the domain and strategic moves undertaken by them to maximize sales and profits generated is given in the document. A comprehensive COVID-19 impacts section is included to inform investors about the after-effects of the pandemic on the market.

    Drivers and Restraints:

    Expanding Pharmaceutical and Chemical Industry to Generate Product Demand

    Acetaldehyde, also known as ethanal, is used as a raw material in the production of various pharmaceutical products and chemicals. It is widely used to manufacture pentaerythritol and peracetiac acid. These chemicals find a wide range of applications in chemicals and pharmaceuticals industries. The expansion of chemical and pharmaceutical industries will thus aid the global acetaldehyde market growth.

    On the other hand, increasing concerns regarding toxic effects of ethanal such as irritation, headaches, and dizziness have prompted governments to regulate the usage of such chemicals. This will act as a challenge for businesses operating in this domain.

    Regional Insights:

    Asia Pacific to Lead Backed by Surging Demand for Chemicals and Food & Beverages

    Asia Pacific captured the largest global acetaldehyde market share in 2021 owing to growth of leading consumer industries. The food & beverage and chemical industries have grown rapidly in recent years due to the availability of raw materials. This, in turn, will boost the demand for ethanal and contribute to market expansion.

    Meanwhile, Europe is slated to record significant expansion in the coming years due to surging product demand from cosmetics and pharmaceuticals industries. Surging demand for derivatives such as pyridine bases, pyridine, ethyl acetate, and acetic acid from pharmaceuticals & paints & coatings sectors will facilitate market escalation in this region.

    The Latin America market is propelled by easy availability of alternative raw materials such as bioethanol. Bioethanol is used in the production of acetaldehyde and is available in corn and sugarcane, which are grown in significant quantities in Mexico and Brazil.

    Competitive Landscape:

    Key Players Announce Acquisitions to Increase Net Sales

    Leading companies use several tactics to strengthen their foothold in the market. One such move is acquiring other prominent players in the domain to expand their reach, increase product sales, and improve brand value. Launching new products to meet consumer requirements is another essential strategy to generate massive revenues.

    Key Industry Development:

    July 2022: Sumitomo Chemical Co., Ltd. announced its decision to acquire Nativa through its subsidiary Agro Amazonia Produtos Agropecuários S.A. This move will expand its geographical footprint in Brazil and help the company in achieving growth in net sales.

    List of Key Players Mentioned in the Report:

    Solvay SA (Belgium)
    Eastman Chemical Company (U.S.)
    Jubilant Life Sciences (India)
    Sumitomo Chemical Co. Ltd. (Japan)
    Arkema (France)
    Honeywell International (U.S.)
    Laxmi Organic Industries Ltd. (India)
    SHOWA DENKO K.K. (Japan)
    Wacker Chemie AG (Germany)
    Celanese Corporation (U.S.)
    The global acetaldehyde market size was valued at USD 1.53 billion in 2021. The market is projected to grow from USD 1.58 billion in 2022 to USD 1.98 billion by 2029, exhibiting a CAGR of 3.3% during the forecast period. This information is presented by Fortune Business Insights, in its report titled, “Acetaldehyde Market, 2022-2029.” Information Source- https://www.fortunebusinessinsights.com/acetaldehyde-market-107120 Segments: Surging Demand for Basic Dyes and Polymer Resins to Promote Market Augmentation As per application, the market is divided into chemical synthesis, food & beverages, pharmaceuticals & cosmetics, paints & coatings, and others. Chemical synthesis segment captured 52.9% of the market share in 2021 owing to rising demand for basic dyes and polymer resins in end-use industries. This will contribute to the rising demand for derivatives in the coming years. Regionally, the global market is fragmented into North America, Europe, Asia Pacific, and Rest of the World. Report Coverage: The report examines the market systematically and thoroughly by dividing it into segments and regions. Growth rate estimates, market share held, and revenue predictions for each segment and region are also given. A deep-dive analysis of leading companies in the domain and strategic moves undertaken by them to maximize sales and profits generated is given in the document. A comprehensive COVID-19 impacts section is included to inform investors about the after-effects of the pandemic on the market. Drivers and Restraints: Expanding Pharmaceutical and Chemical Industry to Generate Product Demand Acetaldehyde, also known as ethanal, is used as a raw material in the production of various pharmaceutical products and chemicals. It is widely used to manufacture pentaerythritol and peracetiac acid. These chemicals find a wide range of applications in chemicals and pharmaceuticals industries. The expansion of chemical and pharmaceutical industries will thus aid the global acetaldehyde market growth. On the other hand, increasing concerns regarding toxic effects of ethanal such as irritation, headaches, and dizziness have prompted governments to regulate the usage of such chemicals. This will act as a challenge for businesses operating in this domain. Regional Insights: Asia Pacific to Lead Backed by Surging Demand for Chemicals and Food & Beverages Asia Pacific captured the largest global acetaldehyde market share in 2021 owing to growth of leading consumer industries. The food & beverage and chemical industries have grown rapidly in recent years due to the availability of raw materials. This, in turn, will boost the demand for ethanal and contribute to market expansion. Meanwhile, Europe is slated to record significant expansion in the coming years due to surging product demand from cosmetics and pharmaceuticals industries. Surging demand for derivatives such as pyridine bases, pyridine, ethyl acetate, and acetic acid from pharmaceuticals & paints & coatings sectors will facilitate market escalation in this region. The Latin America market is propelled by easy availability of alternative raw materials such as bioethanol. Bioethanol is used in the production of acetaldehyde and is available in corn and sugarcane, which are grown in significant quantities in Mexico and Brazil. Competitive Landscape: Key Players Announce Acquisitions to Increase Net Sales Leading companies use several tactics to strengthen their foothold in the market. One such move is acquiring other prominent players in the domain to expand their reach, increase product sales, and improve brand value. Launching new products to meet consumer requirements is another essential strategy to generate massive revenues. Key Industry Development: July 2022: Sumitomo Chemical Co., Ltd. announced its decision to acquire Nativa through its subsidiary Agro Amazonia Produtos Agropecuários S.A. This move will expand its geographical footprint in Brazil and help the company in achieving growth in net sales. List of Key Players Mentioned in the Report: Solvay SA (Belgium) Eastman Chemical Company (U.S.) Jubilant Life Sciences (India) Sumitomo Chemical Co. Ltd. (Japan) Arkema (France) Honeywell International (U.S.) Laxmi Organic Industries Ltd. (India) SHOWA DENKO K.K. (Japan) Wacker Chemie AG (Germany) Celanese Corporation (U.S.)
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  • 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
    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
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    Polylactic Acid Market Size & Share | Global Report [2021-2028]
    The global polylactic acid market size was USD 698,200.9 thousand in 2020 and is projected to reach USD 2,306,708.2 thousand by 2028, exhibiting a CAGR of 16.3% during the forecast period.
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  • According to Fortune Business Insights™, the global lactic acid market size was USD 1.18 billion in 2020. The market is projected to grow from USD 1.28 billion in 2021 to USD 2.43 billion in 2028 at a CAGR of 9.6% during the 2021-2028 period.

    According to our researchers, lactic acid or 2-Hydroxypropanoic acid is a natural biological acid with several applications in the food, pharmaceutical, chemical, cosmetic, and medical industries. It is formed by fermenting sugar acquired from renewable means, terming it as an eco-friendly creation. The product is generally utilized in polylactic acid (PLA) formation, a compostable thermoplastic and recyclable polymer created from renewable mediums.

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