Polyhydroxyalkanoate Market 2018 to 2023 Booming Trends, Share, Growth & Forecast

By Priya6007    16 / May / 2018    In Category Business

Polyhydroxyalkanoate polymers are produced by microbial fermentation of unprocessed raw materials. They are produced under the brand name Biopol. Polyhydroxyalkanoate polymers are extracted from renewable sources such as vegetable oil, starch, proteins, and others. They are non-toxic, provide high UV resistance and exhibit biocompatible properties. They also show optical display and piezoelectric effect. Owing to these characteristics, Polyhydroxyalkanoate Polymers are used in various applications such as packaging, biomedical, biofuels and drugs.

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Key Players:

The major players operating in the Global Polyhydroxyalkanoate Market are Shenzhen Ecomann Biotechnology Co, Ltd (China), Tianjin GreenBio Materials Co., Ltd (China), Kaneka Corporation (Japan), BASF SE (Germany), Biome Technologies PLC (U.K.), BIO ON (Italy), Polyferm, Inc (Canada), Full Cycle Bioplastics (U.S.A),  and Cardia Bioplastics (Australia) among others.

Geographical Analysis: 

The report covers brief analysis of geographical regions such as Asia Pacific, Europe, North America, Latin America and the Middle East & Africa.

Intended Audience

  • Polyhydroxyalkanoate Manufacturers
  • Traders and Distributors of Polyhydroxyalkanoate
  • Production Process Industries
  • Potential Investors
  • Raw Material Suppliers
  • Nationalized Laboratory

As per our market analysis, the global Polyhydroxyalkanoate Market is classified into Polyhydroxybutyrate and Polyhydroxybutyrate blended with copolymers. Polyhydroxybutyrate is a thermoplastic polymer with the properties similar to that of polypropylene. It holds an edge over polypropylene based products due to its eco-friendly and nontoxic nature, as well as better physical features. The molecular weight of Polyhydroxybutyrate varies from 50,000 to a million depending on growth and method of extraction. The prominent trends and factors in the Global Polyhydroxyalkanoate Market are production of bio-based products which are compatible to the environment and help to attain sustainable development. However, they also exhibit antioxidant characteristics which are expected to drive the Global Polyhydroxyalkanoate Market during the forecast period, 2017-2023. 

During the forecast period, North American region has been projected to witness a massive growth in the Polyhydroxyalkanoate Market due to its growing demand observed in packaging, agriculture and food sectors. Availability of raw materials and the development in technology has driven countries like U.S. and Canada to shift their focus from petrochemical derived product towards naturally produced polymers in order to attain ecological balance, save the cost of production and conserve the petroleum sources. The growing production of sugarcane in Latin America has recognized a significant growth in Polyhydroxyalkanoate Market during the forecast period. Moreover, the Middle East & Africa has recognized a rapid growth in the development of Polyhydroxyalkanoate Polymers due to its increasing usage in end-use industries.