Global Lactic Acid & Poly Lactic Acid (PLA) Market is expected to reach $3,831.3 Million by 2016.

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MarketsandMarkets Presents
Global Lactic Acid Poly Lactic Acid (PLA)
Market is growing at a CAGR of 18.7 and is
expected to reach 3,831.3 Million by 2016

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lylacticacid-387.html
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The report Global Lactic Acid Poly Lactic Acid
(PLA) Market by Raw Materials, Types,
Applications and Potential Opportunities
(Forecast to 2016) defines and segments the
global lactic acid and polylactic acid market
with analysis and forecasts of the global volumes
and revenues for lactic acid and PLA. It also
identifies driving and restraining factors for
the global lactic acid and polylactic acid market
with analysis of trends, opportunities, burning
issues, and challenges. The market is segmented
and revenue is forecasted on the basis of major
geographies such as North America, Europe, Asia
Pacific, Latin America and Rest of the World
(ROW). The key countries are covered and
forecasted for each geographical region. Further
market is segmented and revenues are forecasted
on the basis of raw materials, and application
types. Browse more than 100 market data
tables/figures spread through 300 pages and
in-depth TOC on Global Lactic Acid Market  Poly
Lactic Acid (PLA) Market by Applications and
Potential Opportunities (Forecast to
2016). http//www.marketsandmarkets.com/Market-R
eports/polylacticacid-387.html
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lylacticacid-387.html
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• The PLA Market is being driven by increased
  sustainability and reduced dependence on
  oil-based products as there is no other
  commercially equivalent or better bio plastic
  alternative available currently. Further
  technical advancement in production capabilities
  and enhancing properties of polymers will be
  fueling the growth. PLA has been seen as an
  alternative for polyethylene terephthalate (PET)
  due to its mechanical properties such as low
  impact strength, hardness, stiffness, and
  elasticity. The major hurdle that is currently
  inhibiting the growth of the market is supply
  limitations, and prices of PLA that are more than
  the fossil fuel-based polymers.
• The global Poly Lactic Acid Market for was
  estimated to be worth 1,194.0 million in 2010
  and is expected to reach 3,831.3 million by
  2016, growing at a CAGR of 18.7 from 2011 to
  2016. Packaging is the largest application market
  for PLA, accounting for 60 of the overall market
  in 2010. Europe and North America are the biggest
  markets for PLA whereas Asia-Pacific is one of
  the fastest growing markets. The growth in the
  market of Asia-Pacific is expected to be fueled
  by countries such as Japan, India, China, and
  Thailand.

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