Polyhydroxyalkanoate (PHA) Market worth 34,000 MT By 2018
DALLAS, April 30, 2013
DALLAS, April 30, 2013 /PRNewswire/ --
The report " Polyhydroxyalkanoate (PHA ) Market, By Application
(Packaging, Food Services, Bio-medical, Agriculture) & Raw Material -
Global Tends & Forecasts to 2018 ", defines and segments the global PHA Market
with analysis and forecasting of the global revenue and consumption. PHA
market consumption will grow from an estimated 10,000 MT in 2013 to 34,000 MT
by 2018, with a CAGR of 27.7% from 2013 to 2018.
*59 Market Data Tables
*195 Pages and an in-depth Table of Content on "Polyhydroxyalkanoate (PHA)
Early buyers will receive 10% customization on this report.
The increasing demand for renewable and bio-based materials and shift in
consumer preference for eco-friendly products is driving the global market of
PHA (Polyhydroxyalkanoate) polymer. PHA has been commercialized and used
across packaging, food services, bio-medical, and agriculture industries.
Packaging is the largest consumer of PHA followed by food services.
Bio-medical applications offer the highest growth during the next five years.
PHA would continue to be used as biodegradable controlled antibiotic release
system, making it ideal for bio-medical applications such as manufacturing
implants, sutures, and other medical equipment.
The global PHA market is consolidated in nature as it is still in its infancy.
The market has only few players but it has been making rapid technological
advancement along with increased investments in RD.
The top companies in the PHA business include:
*Metabolix Inc. (U.S.)
*Meredian Inc. (U.S.)
*Tianjin GreenBio Materials Co. Ltd (China), and
*Shenzhen Ecomann Technology Co. Ltd (China).
U.S-based Metabolix and Chinas Shenzhen Ecomann Technology have the maximum
number of developments and have been using expansion and new product
developments as their top growth strategies.
The current market scenario for PHA shows that the manufacturing plants are
underutilized due to low demand and lack of commercial applications. Research
and innovation will enhance the critical properties of PHA in the near future.
As the industrialization process of PHA continues to progress and
manufacturing technology remains optimized, the product quality will become
more stable. All this will drive the cost of PHA to a level that will make it
an ideal alternative for conventional polymers.
The global Polyhydroxyalkanoate (PHA)Market is analyzed in terms of
consumption (MT) and revenue ($) for all regions. Consumption and revenues for
each region have been broken down by applications such as packaging, food
services, bio-medical, agriculture, and others. The other applications include
electronic, automotive, chemicals, and domestic goods.
The report details the present manufacturing capacity of PHA producers along
with the current and future estimates of their capacity utilization. It
identifies various sources of PHA production along with their respective
market shares. It also focuses on market share analysis, and market metrics
such as drivers, restraints, opportunities, and winning imperatives.
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