Analysis of the supply and demand status, competitive landscape and development prospects of the global polylactic acid market in 2021

Supply and demand of the global polylactic acid industry

Polylactic acid (PLA) is a new type of bio-based material, which is widely used in clothing manufacturing, construction, medical and health and other fields. In terms of supply, the global production capacity of polylactic acid will be nearly 400,000 tons in 2020. At present, Nature Works of the United States is the world's largest producer with a production capacity of 40%; while the production of polylactic acid in my country is still in its infancy. In terms of demand, in 2019, the global polylactic acid market has reached US$660.8 million. It is expected that the global market will maintain a compound annual growth rate of 7.5% during the period 2021-2026.

1. The application prospect of polylactic acid industry is broad

Polylactic acid (PLA) is a new type of bio-based material with good biodegradability, biocompatibility, thermal stability, solvent resistance and easy processing. It is widely used in clothing manufacturing, construction, and medical and health care. It is one of the earliest applications of synthetic biology in the field of materials.

2. In 2020, the global production capacity of polylactic acid will be nearly 400,000 tons

At present, as an environmentally friendly bio-based biodegradable material, polylactic acid has a good application prospect, and global production capacity continues to increase. According to statistics from the European Bioplastics Association, in 2019, the global production capacity of polylactic acid is about 271,300 tons; in 2020, the production capacity will increase to 394,800 tons.

3. The United States "Nature Works" is the world's largest manufacturer

From the perspective of production capacity, Nature Works of the United States is currently the world’s largest polylactic acid manufacturer. In 2020, it has an annual production capacity of 160,000 tons of polylactic acid, accounting for about 41% of the total global production capacity, followed by Total Corbion of the Netherlands. The production capacity is 75,000 tons, which accounts for approximately 19% of the production capacity.

In China, the production of polylactic acid is still in its infancy. There are not many production lines that have been built and put into operation, and most of them are small in scale. The main production companies include Jilin COFCO, Hisun Bio, etc., while Jindan Technology and Anhui Fengyuan Group The production capacity of companies such as Guangdong Kingfa Technology are still under construction or planned.

4. Forecast of the market size of the global polylactic acid industry

As a new type of degradable and environmentally friendly material, polylactic acid is characterized by being green, environmentally friendly, safe and non-toxic, and has broad application prospects. According to statistics from ReportLinker, in 2019, the global polylactic acid market has reached US$660.8 million. Based on its broad application prospects, the market will maintain an average annual compound growth rate of 7.5% during the period 2021-2026, until 2026. , The global polylactic acid (PLA) market will reach 1.1 billion US dollars.