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Nova-Institute Publishes First Results of Multi-Client International Bioplastics Market Survey

14 August 2012

According to a recent market survey, 25 companies have developed production capacity at 30 sites worldwide of over 180,000t of polylactic acid (PLA).

Nova explains that PLA is used mainly in packaging, but it also has a large number of other durable applications. Nov says the largest producer is NatureWorks, a company that is active in the USA and Thailand, and has a capacity of 140,000 t/year. The other producers have a current capacity of between 1,500 and 10,000 t/year.

According to their own forecasts, existing PLA producers are planning considerable expansion of their capacity to around 800,000 t/year by 2020 (cf. above figure). There should be at least 7 sites with a capacity of over 50,000 t/year by then. A survey of lactic acid producers – the preliminary stage of PLA production – revealed that production capacity to meet concrete requests from customers that cannot yet be named could even rise to roughly 950,000 t/year.

Michael Carus, Managing Director of Nova-Institute in Hürth, Germany, reacted to the survey results: “For the very first time we have robust market data about worldwide PLA production capacity. These are considerably higher than in previous studies, which did not cover all producers. Forecasts of 800,000 or even 950,000 t/year by 2020 show that PLA is definitely a polymer for the future.”

Michael Carus, Managing Director of Nova-Institute in Hürth, Germany, reacted to the survey results: “For the very first time we have robust market data about worldwide PLA production capacity. These are considerably higher than in previous studies, which did not cover all producers. Forecasts of 800,000 or even 950,000 t/year by 2020 show that PLA is definitely a polymer for the future.”






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