Polylactic Acid (PLA) Market
Polylactic Acid (PLA) is thermoplastic polyester derived from renewable feedstock such as corn starch, sugarcane, wheat and tapioca roots. PLA products contain bio-based renewable constituents. The global PLA market is expected to reach a market size of $5.2 billion by 2020, growing at a CAGR of 19.5% during 2013 to 2020. Limited fossil fuel resources and rising petrochemical price are the key factors driving the market. Limited fossil fuel resources, is an important reason for governments and companies to find...
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