North American Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.6% during the forecast period. North America is one of the major markets in global PLA market. There is a wide application area of PLA in polymers which are being used as a substitute in major industries of the region such as automobile, medical, food packaging, electronics, aerospace, agriculture industry, and others. PLA is being used as one of the best biodegradable polymers for these applications. The polymer has remarkable chemical and mechanical properties to be used as a renewable and economical substitute for convention plastic parts.

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PLA polymers are being used in the automobile industry to manufacture air filter part, interior trim parts for aesthetic purpose and other interior and exterior parts of the automotive body. With the growth in automobile, food packaging, medical and agriculture industry of the region, the adoption is being reported in the US and Canada for PLA polymers. The automotive sector is one of the major sectors contributing to the PLA market in North America. 

The companies in the market include BASF SE, NatureWorks LLC, and DuPont de Nemours, Inc. To survive in the market, these players are adopting crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in June 2017, NatureWorks LLC signed an agreement with Plaxica's Optipure chemical processing technology to produce D-lactic acid, serving as a building block for a further range of performance Ingeo PLA grades. This agreement will enable the company to expand the range of efficient PLA products.

Research Methodology

The market study of the North American PLA market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. North American PLA Market Research and Analysis, By Raw Material
2. North American PLA Market Research and Analysis, By Application

The Report covers:

• Comprehensive research methodology of the North American PLA market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American PLA market.
• Insights about market determinants which are stimulating the North American PLA market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.