DUBLIN, May 16, 2019 /PRNewswire/ -- The "Global Polylactic Acid (PLA) Market for 3D Printing: Focus on User Type (Hobbyist, Education, Industrial), Diameter (1.75 MM and 3 MM), Application (Automotive, Food Packaging, Healthcare, House Hold Items, Others) - Analysis & Forecast, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
In terms of value, the global PLA market for 3D printing is expected to grow at a CAGR of 19.30% during the forecast period 2018-2028.
The high growth of PLA is attributable to its bio-based origin and ease of use coupled with added functionalities over other 3D printing materials. Huge investment by governments and federal agencies to promote bio-based plastic materials is further propeling the growth of PLA material across multiple end-user industries.
Key application area that contribute to the global PLA market include food packaging, healthcare, household items, and automotive, among others. In terms of application type, food packaging is acquiring the largest market size in the current scenario. The major reason for the adoption of PLA in the packaging industry is due to the increased consumer awareness regarding the need to reduce dependency of fossil fuel reserves. Food and Drug Administration (FDA) has also approved PLA as Generally Recognized as Safe (GRAS) material which facilitates its usage in beverage and food packaging.
The key players operating in this market have increased their product launch activities over the recent years to generate public awareness about their existing and new products and technologies and to compete with the competitors' product portfolio. Driven by the rapid evolution of the 3D printing technology, there has been a swift growth in the research and development activities by several important players in this market, leading to an increase in the number of business expansions over the last four years.
Key Topics Covered
1 Parent Market Analysis: Global 3D Printing Plastics Market
1.1 Assumptions and Limitations
1.2 Market Overview
2 Market Dynamics
2.1 Market Drivers
2.1.1 Easily Blendable and Recyclable
2.1.2 Ongoing Quest to Decrease GHG Emissions
2.1.3 Biodegradable, Sustainable, Environment Friendly and Non-Toxic Nature
2.2 Market Restraints
2.2.1 Low Melting Point, Low Permeability and Brittleness of PLA
2.2.2 Slow Degradation Rate
2.3 Market Opportunities
2.3.1 Acceptance of PLA in Different 3D Printing Application
2.3.2 Promote PLA Compounding to Explore New Opportunities
3 Competitive Landscape
3.1 Key Market Development and Strategies
3.1.1 Product Launches
3.1.2 Partnerships, Collaborations and Joint Ventures
3.1.3 Business Expansions
3.1.4 Mergers and Acquisitions
3.1.5 Other Key Activities
3.2 Market Share Analysis for PLA Market
3.3 Ranking of Leading PLA Resin Suppliers
4 Industry Analysis
4.1 Supply Chain
4.2 Industry Attractiveness
4.2.1 Threat of New Entrants (High)
4.2.2 Bargaining Power of Buyers (High)
4.2.3 Bargaining Power of Suppliers (Low)
4.2.4 Threat of Substitutes (High)
4.2.5 Intensity of Competition (High)
4.3 Opportunity Matrix Analysis
4.3.1 Opportunity Matrix Analysis (by Region)
4.4 Country Share Analysis
5 Global PLA Market (by User Type), Analysis and Forecast (2017-2028)
5.1 Market Overview
6 Global PLA Market (by Application), Analysis and Forecast (2017-2028)
6.1 Market Overview
6.2 Food Packaging
6.3 House Hold Items
7 Global PLA Market (by Diameter), Analysis and Forecast (2017-2028)
7.1 Market Overview
7.2 1.75 MM
7.3 3 MM or 2.85 MM
8 Global PLA Market (by Region), Analysis and Forecast (2017-2028)
8.1 Market Overview
8.2 North America
8.5 Middle East and Africa
8.6 South America
9 Company Profiles
Profiles of Filament Producers
9.2 ColorFabb B.V.
9.3 Fillamentum Manufacturing Czech s.r.o.
9.4 HATCHBOX 3D
9.5 Innofil3D B.V.
9.6 MakerBot Industries LLC
9.7 Polymaker LLC
9.8 Shenzhen Esun Industrial Co. Ltd.
9.9 Torwell Technologies Co. Ltd.
9.10 Ultimaker B.V.
Profiles of PLA Material Producers
9.11 FUTERRO S.A.
9.12 NatureWorks LLC
9.13 Stratasys Ltd.
9.14 Synbra Technology B.V.
9.15 Total Corbion PLA
9.16 Zhejiang Hisun Biomaterials Co. Ltd.
9.17 List of Other Key Players in the PLA Market
For more information about this report visit https://www.researchandmarkets.com/r/ujbc79
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