Global polylactic acid market predicted to hit US$2.6 billion by 2016

In Ireland, Research and Markets announced the addition of the “Polylactic Acid (PLA) – A Global Market Watch, 2011 – 2016” to their offering. It predicts that the global polylactic acid market is expected to reach US$2.6 billion by 2016 at a CAGR of 28%, globally.

Region-wise analysis shows that Asia-Pacific is forecasted to record the highest growth rate of 29.3% during the analysis period 2011-2016. Europe follows Asia-Pacific with a CAGR of 28.9%. The two Americas are forecast to drive the global market with a CAGR of 27.3%. Volume based studies reveal that the maximum share of growth rate is expected from Asia-Pacific region.

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