Chemical Market Analysis Report

The Asia-Pacific Polylactic Acid market is expected to grow at a CAGR of 16% during 2021-26 owing to burgeoning demand for Polylactic Acid (PLA) among end-user industries such as automotive, packaging, textiles, surging aim of the countries to ban the use of single-use plastic and snowballing inclination towards sustainable and eco-friendly plastic. Besides these, increasing investment towards research and development for the production of cheaper Polylactic acid, rising environmental awareness along with upsurge in the development of plastic bags made from PLA which is a bio-degradable material are the factors promulgating the growth of the Polylactic Acid market in Asia-Pacific . Based on Application, Textile exhibited the fastest growth due to the burgeoning use of Polylactic acid as an alternative to carbon fiber and Polyethylene Terephthalate (PET) in the textile industry as these are non-biodegradable product. The PLA usage is high in the production of industrial an...

 Hyaluronic acid is a naturally produced substance by our body that provides lubrication between the connective tissues and bones of the body. It is also useful in keeping the skin hydrated. The hyaluronic acid market is anticipated to grow at a promising rate owing to a shift in the normal eating habits of the consumer which has resulted in the decline of natural hyaluronic acid produced by the body. Therefore, consumption of hyaluronic-based supplements has increased. Further, the mounting geriatric population and surge in the number of obese people lead to the rising prevalence of orthopaedic diseases. Thereby, the demand for hyaluronic acid increases. The outbreak of the COVID-19 pandemic has affected the overall healthcare industry. Strict restriction on the movement of people has directly affected the market by increasing the gap between demand and supply of the market. However, as the lockdown is uplifted and the market is ready to resume, the hyaluronic acid ...