DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5ksz3n/research_report) has announced the addition of the "Research Report on Lactic Acid and Polylactic Acid (PLA) Industry in China, 2014-2018" report to their offering.
The global production capacity of PLA is expected to increase from over 0.2 million tons in 2012 to 0.8 million tons in 2020 while that in Asia will exceed 0.35 million tons, accounting for nearly 50% of the total. Many Asian countries issue policies to support development of various bio-based materials while Asia produces a large amount of agricultural raw materials, which both promote the development of PLA. However, demand for PLA remains low in Asia, which indicates that most of the new production capacity is for export. Many domestic manufacturers of PLA expand the production capacity as market demand increases in China in recent years. Although the output volume of polylactic acid was less than 20,000 tons in China in 2013, the production capacity and output volume were increasing with major manufacturers like Zhejiang Hisun Biomaterials Co., Ltd. and Nantong Jiuding Biological Engineering Co., Ltd. It is predicted that the consumption of lactic acid in the production of polylactic acid will increase in the next few years.
Companies Mentioned
- Chongqing Bofei Biochemical Products Co., Ltd.
- COFCO Biochemical (Anhui) Co., Ltd.
- Hebei Xinhua Limited Company
- Henan Jindan Lacitc Acid Technology Co., Ltd.
- Musashino Chemical (China) Co., Ltd.
- Nantong Jiuding Biological Engineering Co., Ltd.
- Ningxia Hypow Bio-technology Co., Ltd.
- Shanxi Leda Biochemical Co., Ltd.
- Xiaogan Kaifeng Bioengineering Co., Ltd.
- Yancheng Haijianuo Biological Engineering Co., Ltd.
- Zhejiang Hisun Biomaterials Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/5ksz3n/research_report
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