The optically active di-ester of lactic acid is L-lactide. It's made as a step in the process of making polylactic acid, or PLA. L-lactide is an odourless solid that comes in the form of a free-flowing powder. It is usually made via a ring polymerization reaction.
MARKET DYNAMICS
The rising demand for bioplastics is the primary driver of this expansion. In recent years, North America has accounted for a large portion of the L-lactide industry. The growth of the L-lactide market in developed economies has been fueled by introducing favorable government policies and regulations on plastic use. Because of its good biocompatibility and mechanical properties, L-lactide is in high demand in various medical fields, including managed drug delivery systems, tissue regeneration, and medical implants. With the growing use of L-lactide in 3D printing and rapid prototyping, the electrical and electronics segment is expected to give the L-lactide market attractive growth opportunities.
MARKET SCOPE
The "Global L-lactide Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the L-lactide market with detailed market segmentation by end users. The global L-lactide market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading L-lactide market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global L-lactide market is segmented into end users. By end users, the L-lactide market is classified into food & beverage packaging, electrical & electronics, medical & health care, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global L-lactide market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The L-lactide market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the L-lactide market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the L-lactide market in these regions.
MARKET PLAYERS
The report covers vital developments in the L-lactide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the L-lactide market are anticipated to lucrative growth opportunities in the future with the rising demand for L-lactide in the global market. Below mentioned is the list of few companies engaged in the L-lactide market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the L-lactide market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- NatureWorks LLC
- Corbion
- Futerro
- Polysciences Inc
- Tokyo Chemical Co., Ltd.
- Dai Nippon Printing Co., Ltd.
- TOYOBO CO., LTD.
- Mitsui Chemicals, Inc.
- BEWiSynbra Group
- Stanelco RF Technologies
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.