• The global nanocellulose market size is anticipated to showcase potential growth owing to the increasing concerns regarding the sustainability of the packaging industry, observes Fortune Business Insights™ in its report, Nanocellulose has applications in various industries including cement and composites, textile, and paper and packaging. The market stood at USD 291.53 million in 2019 and is projected to reach USD 1,053.09 million by 2027 at a CAGR of 19.9% in the forecast period.

    Information Source - https://www.fortunebusinessinsights.com/nanocellulose-market-104565

    Highlights of the Report:

    While making the report, we segmented the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included the study of core competencies of key players and their market share to anticipate the degree of competition. The bottom-up procedure was conducted to arrive at the overall size of the market.

    Drivers & Restraints-

    Increasing Applications in Packaging Industry to Drive Growth

    Rising concerns regarding the impact of material used by the packaging industry on the environment are estimated to drive nanocellulose market growth. For instance, according to the U.S. Environmental Protection Agency, packaging material accounts for around 28.1% of the total municipal solid waste in the U.S. and the material used in packaging includes plastic, which is non-degradable. In addition, the extensive utilization of nano cellulose in the textile industry is projected to further strengthen its demand. However, the high cost of production associated with the product is expected to limit the growth of nanocellulose.

    Segment-

    Paper and Packaging to Be the Fastest-growing Segment

    Based on the application, paper and packaging is estimated to be the fastest-growing segment with a market share of 23.0% in 2019. Increasing the utilization of cellulose nanocrystals in both paper and plastic-based packaging is driving the segment growth. Additionally, the segment held a share of 22.4% in Germany.

    Based on type, the microfibrillated cellulose (MFC) segment is anticipated to hold a considerable nanocellulose market share owing to its applications in the manufacturing of nanocomposites, bio-based medical products, wood adhesives, super-capacitors, batteries, continuous fibers for textiles, and other products.

    Regional Insights-

    High Availability of Wood in Eastern Europe to Help the Region Dominate

    Europe is projected to dominate the global market with a value of USD 108.77 million in 2019. Its dominance is attributed to the high concentration of manufacturers in the region owing to the rising availability of wood in the Eastern Europe. In addition, the region is a manufacturing hub of automobiles, textiles, and cosmetics, which is estimated to further drive the growth of nanocellulose.

    The market in Asia Pacific is not far behind as it is set to exhibit substantial growth in the forecast timeline with a value of USD 43.16 million in 2019. The presence of end-use industries, such as food, cement, textiles, and paper in China, South Korea, and India is anticipated to propel the demand for nanocellulose, driving its growth in the region.

    Competitive Landscape-

    Research & Development to Aid Key Players Develop Innovative Products

    Key players operating in the global market are investing extensively in research and development in order to develop innovative products based on nanocellulose and upgrade the existing ones. This will help them gain prominence over other companies. For instance, in December 2020, Norske Skog announced the development of a new variant of CEBINA by replacing the suspension liquid with polymer instead of water. This enabled the use of CEBINA in epoxy floor coverings and adhesives.

    Industry Developments-

    In April 2020, Celluforce announced that Celluforce NCC, a gelling agent produced by the company, is suitable for the manufacturing of hydro-alcoholic gels, thereby replacing the traditionally used acrylates and carbomers. This makes the agent suitable in making gel-based sanitizers while providing an invisible layer of cellulose on hands for protecting damaged skin.
    In February 2020: GranBio Technologies, a subsidiary of GranBio, signed a supply partnership with Birla Carbon, an Indian company. Under this agreement, Birla Carbon will supply biomass-based nanocellulose for the replacement of carbon black, an oil by-product used in the tire & rubber industry.
    A List of Key Manufacturers Operating in the Market:

    Fiberlean Technologies (UK)
    Kruger, Inc. (Canada)
    Borregard (Norway)
    Nippon Paper Group (Japan)
    Celluforce (Canada)
    Stora Enso (Finland)
    Norske Skog ASA (Norway)
    The University of Maine (U.S.)
    Research Institutes of Sweden (RISE) (Sweden)
    GranBio (Brazil)
    CelluComp (UK)
    Other Key Players
    The global nanocellulose market size is anticipated to showcase potential growth owing to the increasing concerns regarding the sustainability of the packaging industry, observes Fortune Business Insights™ in its report, Nanocellulose has applications in various industries including cement and composites, textile, and paper and packaging. The market stood at USD 291.53 million in 2019 and is projected to reach USD 1,053.09 million by 2027 at a CAGR of 19.9% in the forecast period. Information Source - https://www.fortunebusinessinsights.com/nanocellulose-market-104565 Highlights of the Report: While making the report, we segmented the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included the study of core competencies of key players and their market share to anticipate the degree of competition. The bottom-up procedure was conducted to arrive at the overall size of the market. Drivers & Restraints- Increasing Applications in Packaging Industry to Drive Growth Rising concerns regarding the impact of material used by the packaging industry on the environment are estimated to drive nanocellulose market growth. For instance, according to the U.S. Environmental Protection Agency, packaging material accounts for around 28.1% of the total municipal solid waste in the U.S. and the material used in packaging includes plastic, which is non-degradable. In addition, the extensive utilization of nano cellulose in the textile industry is projected to further strengthen its demand. However, the high cost of production associated with the product is expected to limit the growth of nanocellulose. Segment- Paper and Packaging to Be the Fastest-growing Segment Based on the application, paper and packaging is estimated to be the fastest-growing segment with a market share of 23.0% in 2019. Increasing the utilization of cellulose nanocrystals in both paper and plastic-based packaging is driving the segment growth. Additionally, the segment held a share of 22.4% in Germany. Based on type, the microfibrillated cellulose (MFC) segment is anticipated to hold a considerable nanocellulose market share owing to its applications in the manufacturing of nanocomposites, bio-based medical products, wood adhesives, super-capacitors, batteries, continuous fibers for textiles, and other products. Regional Insights- High Availability of Wood in Eastern Europe to Help the Region Dominate Europe is projected to dominate the global market with a value of USD 108.77 million in 2019. Its dominance is attributed to the high concentration of manufacturers in the region owing to the rising availability of wood in the Eastern Europe. In addition, the region is a manufacturing hub of automobiles, textiles, and cosmetics, which is estimated to further drive the growth of nanocellulose. The market in Asia Pacific is not far behind as it is set to exhibit substantial growth in the forecast timeline with a value of USD 43.16 million in 2019. The presence of end-use industries, such as food, cement, textiles, and paper in China, South Korea, and India is anticipated to propel the demand for nanocellulose, driving its growth in the region. Competitive Landscape- Research & Development to Aid Key Players Develop Innovative Products Key players operating in the global market are investing extensively in research and development in order to develop innovative products based on nanocellulose and upgrade the existing ones. This will help them gain prominence over other companies. For instance, in December 2020, Norske Skog announced the development of a new variant of CEBINA by replacing the suspension liquid with polymer instead of water. This enabled the use of CEBINA in epoxy floor coverings and adhesives. Industry Developments- In April 2020, Celluforce announced that Celluforce NCC, a gelling agent produced by the company, is suitable for the manufacturing of hydro-alcoholic gels, thereby replacing the traditionally used acrylates and carbomers. This makes the agent suitable in making gel-based sanitizers while providing an invisible layer of cellulose on hands for protecting damaged skin. In February 2020: GranBio Technologies, a subsidiary of GranBio, signed a supply partnership with Birla Carbon, an Indian company. Under this agreement, Birla Carbon will supply biomass-based nanocellulose for the replacement of carbon black, an oil by-product used in the tire & rubber industry. A List of Key Manufacturers Operating in the Market: Fiberlean Technologies (UK) Kruger, Inc. (Canada) Borregard (Norway) Nippon Paper Group (Japan) Celluforce (Canada) Stora Enso (Finland) Norske Skog ASA (Norway) The University of Maine (U.S.) Research Institutes of Sweden (RISE) (Sweden) GranBio (Brazil) CelluComp (UK) Other Key Players
    Nanocellulose Market Size & Growth | Global Report [2020-2027]
    The global nanocellulose market size was USD 291.53 million in 2019 and is projected to reach USD 1,053.09 million by 2027, exhibiting an exhilarating CAGR of 19.9% during the forecast period.
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  • The global traffic road marking coatings market size is projected to reach USD 8.34 billion by 2028, exhibiting a CAGR of 4.1% during the forecast period. The market size stood at USD 6.04 billion in 2020 and is estimated to touch USD 6.31 billion in 2021, according to a report by Fortune Business Insights™, titled “Traffic Road Marking Coatings Market, 2021-2028”.

    Information Source - https://www.fortunebusinessinsights.com/traffic-road-marking-coatings-market-103056

    Startling Rise in Road Fatalities Worldwide to Fuel Market Growth

    Accidents and deaths caused by road crashes have been steadily rising around the globe over the past few years. Recent data released by the World Health Organization (WHO) reveal that road traffic accidents kill roughly 1.35 million people globally every year, with more than 50% of these mishaps occurring among the most road users – pedestrians, cyclists, and motorists. Furthermore, the WHO data also show that road accidents also cause non-fatal injuries to many millions around the world annually. Traffic road marking coatings are essential in ensuring that drivers are aware of the road conditions, especially during the night and on unknown terrains. These coatings can efficiently prevent the crashing of vehicles with each other as well as reduce the risk for other road users.

    Segmentation

    Based on product, the market has been divided into water-based coatings, solvent-based coatings, and thermoplastic coatings. Among these, the water-based coatings segment held a leading share of 39.1% in the global market in 2020.

    On the basis of application, the market is segmented into roads & highways, airports, parking lots, and others. Geographically, the market has been clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

    Report Highlights

    The report contains unparalleled insights into market drivers, trends, and restraints, along with an industry-leading analysis of all possible market segments. Further, the report offers a granular study of the regional developments and prospects of the market, as well as actionable research into the competitive dynamics of the market.

    Driving Factor

    Development of Eco-friendly Road Marking Solutions to Invigorate the Market

    Traditional paints and coatings are known for their high content of volatile organic compounds (VOCs), which are known to intensify global warming and damage the Ozone Layer. With the movement towards sustainability gaining momentum worldwide, traffic road marking coating producers and researchers are singularly focusing on engineering road markings made from environmentally friendly materials. For example, SWARCO Road Marking Systems teamed up with students to investigate the viability of using biopolymers in thermoplastic road markings and their efforts won them the Borealis Student Innovation Award in December 2020. Similarly, US-based Aexcel Corporation has developed the ToughLine suite of traffic paints that offer high performance, contain low VOC, and are solvent-based. Thus, the introduction of sustainable traffic markings is rapidly elevating the potential of this market.
    The global traffic road marking coatings market size is projected to reach USD 8.34 billion by 2028, exhibiting a CAGR of 4.1% during the forecast period. The market size stood at USD 6.04 billion in 2020 and is estimated to touch USD 6.31 billion in 2021, according to a report by Fortune Business Insights™, titled “Traffic Road Marking Coatings Market, 2021-2028”. Information Source - https://www.fortunebusinessinsights.com/traffic-road-marking-coatings-market-103056 Startling Rise in Road Fatalities Worldwide to Fuel Market Growth Accidents and deaths caused by road crashes have been steadily rising around the globe over the past few years. Recent data released by the World Health Organization (WHO) reveal that road traffic accidents kill roughly 1.35 million people globally every year, with more than 50% of these mishaps occurring among the most road users – pedestrians, cyclists, and motorists. Furthermore, the WHO data also show that road accidents also cause non-fatal injuries to many millions around the world annually. Traffic road marking coatings are essential in ensuring that drivers are aware of the road conditions, especially during the night and on unknown terrains. These coatings can efficiently prevent the crashing of vehicles with each other as well as reduce the risk for other road users. Segmentation Based on product, the market has been divided into water-based coatings, solvent-based coatings, and thermoplastic coatings. Among these, the water-based coatings segment held a leading share of 39.1% in the global market in 2020. On the basis of application, the market is segmented into roads & highways, airports, parking lots, and others. Geographically, the market has been clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Highlights The report contains unparalleled insights into market drivers, trends, and restraints, along with an industry-leading analysis of all possible market segments. Further, the report offers a granular study of the regional developments and prospects of the market, as well as actionable research into the competitive dynamics of the market. Driving Factor Development of Eco-friendly Road Marking Solutions to Invigorate the Market Traditional paints and coatings are known for their high content of volatile organic compounds (VOCs), which are known to intensify global warming and damage the Ozone Layer. With the movement towards sustainability gaining momentum worldwide, traffic road marking coating producers and researchers are singularly focusing on engineering road markings made from environmentally friendly materials. For example, SWARCO Road Marking Systems teamed up with students to investigate the viability of using biopolymers in thermoplastic road markings and their efforts won them the Borealis Student Innovation Award in December 2020. Similarly, US-based Aexcel Corporation has developed the ToughLine suite of traffic paints that offer high performance, contain low VOC, and are solvent-based. Thus, the introduction of sustainable traffic markings is rapidly elevating the potential of this market.
    Traffic Road Marking Coatings Market Size | Growth [2021 2028]
    The traffic road marking coatings market is projected to grow from $6.31 billion in 2021 to $8.34 billion in 2028 at a CAGR of 4.1% during forecast period
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  • In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava. It is commonly used in a wide range of applications, including packaging, textiles, and consumer goods. In this blog, we will take a closer look at the factors driving the growth of the polylactic acid market and the benefits of using this eco-friendly material.

    Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429

    The Growing Demand for Sustainable Materials

    The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment.

    the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods.

    Packaging Industry Driving the Growth of the Polylactic Acid Market

    The packaging industry has been a major driver of growth in the polylactic acid market. The demand for sustainable and eco-friendly packaging solutions has been on the rise, driven by consumer demand and regulatory pressure. Many countries have implemented regulations and policies aimed at reducing polylactic acid market waste, which has further increased the demand for sustainable packaging solutions.

    polylactic acid market-based packaging offers a range of benefits over traditional polylactic acid market packaging. It is biodegradable and compostable, which means it can be easily disposed of without harming the environment. It also has a lower carbon footprint compared to traditional polylactic acid market stic packaging, making it a more sustainable choice.

    In addition to being eco-friendly, polylactic acid market-based packaging also offers excellent performance and durability. It is strong and lightweight, which makes it an ideal choice for a range of packaging applications. It can also be easily molded into different shapes and sizes, making it a versatile material for manufacturers.

    Consumer Goods and Textile Industries Also Adopting Polylactic Acid Market

    polylactic acid market-based textiles, on the other hand, offer a sustainable alternative to traditional fabrics. They are made from renewable resources and are biodegradable, which means they can be easily disposed of without harming the environment. polylactic acid market-based textiles are also lightweight and comfortable, making them a popular choice for clothing and other textile applications.

    Benefits of Using Polylactic Acid Market-Based Materials

    Using polylactic acid market-based materials offers a range of benefits for manufacturers and consumers alike. First and foremost, the polylactic acid market is an eco-friendly material that is made from renewable resources. This makes it a more sustainable choice compared to traditional petroleum-based polylactic acid market sticks.

    polylactic acid market is also biodegradable and compostable, which means it can be easily disposed of without harming the environment. It breaks down into the water, carbon dioxide, and organic matter, which can be safely absorbed into the environment. This makes it an ideal choice for single-use items such as packaging and consumer goods.
    In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava. It is commonly used in a wide range of applications, including packaging, textiles, and consumer goods. In this blog, we will take a closer look at the factors driving the growth of the polylactic acid market and the benefits of using this eco-friendly material. Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429 The Growing Demand for Sustainable Materials The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment. the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods. Packaging Industry Driving the Growth of the Polylactic Acid Market The packaging industry has been a major driver of growth in the polylactic acid market. The demand for sustainable and eco-friendly packaging solutions has been on the rise, driven by consumer demand and regulatory pressure. Many countries have implemented regulations and policies aimed at reducing polylactic acid market waste, which has further increased the demand for sustainable packaging solutions. polylactic acid market-based packaging offers a range of benefits over traditional polylactic acid market packaging. It is biodegradable and compostable, which means it can be easily disposed of without harming the environment. It also has a lower carbon footprint compared to traditional polylactic acid market stic packaging, making it a more sustainable choice. In addition to being eco-friendly, polylactic acid market-based packaging also offers excellent performance and durability. It is strong and lightweight, which makes it an ideal choice for a range of packaging applications. It can also be easily molded into different shapes and sizes, making it a versatile material for manufacturers. Consumer Goods and Textile Industries Also Adopting Polylactic Acid Market polylactic acid market-based textiles, on the other hand, offer a sustainable alternative to traditional fabrics. They are made from renewable resources and are biodegradable, which means they can be easily disposed of without harming the environment. polylactic acid market-based textiles are also lightweight and comfortable, making them a popular choice for clothing and other textile applications. Benefits of Using Polylactic Acid Market-Based Materials Using polylactic acid market-based materials offers a range of benefits for manufacturers and consumers alike. First and foremost, the polylactic acid market is an eco-friendly material that is made from renewable resources. This makes it a more sustainable choice compared to traditional petroleum-based polylactic acid market sticks. polylactic acid market is also biodegradable and compostable, which means it can be easily disposed of without harming the environment. It breaks down into the water, carbon dioxide, and organic matter, which can be safely absorbed into the environment. This makes it an ideal choice for single-use items such as packaging and consumer goods.
    Polylactic Acid Market Size & Share | Global Report [2021-2028]
    The global polylactic acid market size was USD 698,200.9 thousand in 2020 and is projected to reach USD 2,306,708.2 thousand by 2028, exhibiting a CAGR of 16.3% during the forecast period.
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  • In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava. It is commonly used in a wide range of applications, including packaging, textiles, and consumer goods. In this blog, we will take a closer look at the factors driving the growth of the polylactic acid market and the benefits of using this eco-friendly material.

    Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429

    The Growing Demand for Sustainable Materials

    The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment.

    the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods.

    Packaging Industry Driving the Growth of the Polylactic Acid Market

    The packaging industry has been a major driver of growth in the polylactic acid market. The demand for sustainable and eco-friendly packaging solutions has been on the rise, driven by consumer demand and regulatory pressure. Many countries have implemented regulations and policies aimed at reducing polylactic acid market waste, which has further increased the demand for sustainable packaging solutions.

    polylactic acid market-based packaging offers a range of benefits over traditional polylactic acid market packaging. It is biodegradable and compostable, which means it can be easily disposed of without harming the environment. It also has a lower carbon footprint compared to traditional polylactic acid market stic packaging, making it a more sustainable choice.

    In addition to being eco-friendly, polylactic acid market-based packaging also offers excellent performance and durability. It is strong and lightweight, which makes it an ideal choice for a range of packaging applications. It can also be easily molded into different shapes and sizes, making it a versatile material for manufacturers.
    In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava. It is commonly used in a wide range of applications, including packaging, textiles, and consumer goods. In this blog, we will take a closer look at the factors driving the growth of the polylactic acid market and the benefits of using this eco-friendly material. Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429 The Growing Demand for Sustainable Materials The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment. the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods. Packaging Industry Driving the Growth of the Polylactic Acid Market The packaging industry has been a major driver of growth in the polylactic acid market. The demand for sustainable and eco-friendly packaging solutions has been on the rise, driven by consumer demand and regulatory pressure. Many countries have implemented regulations and policies aimed at reducing polylactic acid market waste, which has further increased the demand for sustainable packaging solutions. polylactic acid market-based packaging offers a range of benefits over traditional polylactic acid market packaging. It is biodegradable and compostable, which means it can be easily disposed of without harming the environment. It also has a lower carbon footprint compared to traditional polylactic acid market stic packaging, making it a more sustainable choice. In addition to being eco-friendly, polylactic acid market-based packaging also offers excellent performance and durability. It is strong and lightweight, which makes it an ideal choice for a range of packaging applications. It can also be easily molded into different shapes and sizes, making it a versatile material for manufacturers.
    Polylactic Acid Market Size & Share | Global Report [2021-2028]
    The global polylactic acid market size was USD 698,200.9 thousand in 2020 and is projected to reach USD 2,306,708.2 thousand by 2028, exhibiting a CAGR of 16.3% during the forecast period.
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  • In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava.

    Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429

    The Growing Demand for Sustainable Materials

    The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment.

    the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods.

    Packaging Industry Driving the Growth of the Polylactic Acid Market

    The packaging industry has been a major driver of growth in the polylactic acid market. The demand for sustainable and eco-friendly packaging solutions has been on the rise, driven by consumer demand and regulatory pressure. Many countries have implemented regulations and policies aimed at reducing polylactic acid market waste, which has further increased the demand for sustainable packaging solutions.

    polylactic acid market-based packaging offers a range of benefits over traditional polylactic acid market packaging. It is biodegradable and compostable, which means it can be easily disposed of without harming the environment. It also has a lower carbon footprint compared to traditional polylactic acid market stic packaging, making it a more sustainable choice.

    In addition to being eco-friendly, polylactic acid market-based packaging also offers excellent performance and durability. It is strong and lightweight, which makes it an ideal choice for a range of packaging applications. It can also be easily molded into different shapes and sizes, making it a versatile material for manufacturers.

    Consumer Goods and Textile Industries Also Adopting Polylactic Acid Market

    polylactic acid market-based textiles, on the other hand, offer a sustainable alternative to traditional fabrics. They are made from renewable resources and are biodegradable, which means they can be easily disposed of without harming the environment. polylactic acid market-based textiles are also lightweight and comfortable, making them a popular choice for clothing and other textile applications.
    In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava. Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429 The Growing Demand for Sustainable Materials The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment. the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods. Packaging Industry Driving the Growth of the Polylactic Acid Market The packaging industry has been a major driver of growth in the polylactic acid market. The demand for sustainable and eco-friendly packaging solutions has been on the rise, driven by consumer demand and regulatory pressure. Many countries have implemented regulations and policies aimed at reducing polylactic acid market waste, which has further increased the demand for sustainable packaging solutions. polylactic acid market-based packaging offers a range of benefits over traditional polylactic acid market packaging. It is biodegradable and compostable, which means it can be easily disposed of without harming the environment. It also has a lower carbon footprint compared to traditional polylactic acid market stic packaging, making it a more sustainable choice. In addition to being eco-friendly, polylactic acid market-based packaging also offers excellent performance and durability. It is strong and lightweight, which makes it an ideal choice for a range of packaging applications. It can also be easily molded into different shapes and sizes, making it a versatile material for manufacturers. Consumer Goods and Textile Industries Also Adopting Polylactic Acid Market polylactic acid market-based textiles, on the other hand, offer a sustainable alternative to traditional fabrics. They are made from renewable resources and are biodegradable, which means they can be easily disposed of without harming the environment. polylactic acid market-based textiles are also lightweight and comfortable, making them a popular choice for clothing and other textile applications.
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    Polylactic Acid Market Size & Share | Global Report [2021-2028]
    The global polylactic acid market size was USD 698,200.9 thousand in 2020 and is projected to reach USD 2,306,708.2 thousand by 2028, exhibiting a CAGR of 16.3% during the forecast period.
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  • The global traffic road marking coatings market size is projected to reach USD 8.34 billion by 2028, exhibiting a CAGR of 4.1% during the forecast period. The market size stood at USD 6.04 billion in 2020 and is estimated to touch USD 6.31 billion in 2021, according to a report by Fortune Business Insights™, titled “Traffic Road Marking Coatings Market, 2021-2028”.

    Information Source - https://www.fortunebusinessinsights.com/traffic-road-marking-coatings-market-103056

    Startling Rise in Road Fatalities Worldwide to Fuel Market Growth

    Accidents and deaths caused by road crashes have been steadily rising around the globe over the past few years. Recent data released by the World Health Organization (WHO) reveal that road traffic accidents kill roughly 1.35 million people globally every year, with more than 50% of these mishaps occurring among the most road users – pedestrians, cyclists, and motorists. Furthermore, the WHO data also show that road accidents also cause non-fatal injuries to many millions around the world annually. Traffic road marking coatings are essential in ensuring that drivers are aware of the road conditions, especially during the night and on unknown terrains. These coatings can efficiently prevent the crashing of vehicles with each other as well as reduce the risk for other road users.



    Segmentation

    Based on product, the market has been divided into water-based coatings, solvent-based coatings, and thermoplastic coatings. Among these, the water-based coatings segment held a leading share of 39.1% in the global market in 2020.

    On the basis of application, the market is segmented into roads & highways, airports, parking lots, and others. Geographically, the market has been clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

    Report Highlights

    The report contains unparalleled insights into market drivers, trends, and restraints, along with an industry-leading analysis of all possible market segments. Further, the report offers a granular study of the regional developments and prospects of the market, as well as actionable research into the competitive dynamics of the market.

    Driving Factor

    Development of Eco-friendly Road Marking Solutions to Invigorate the Market

    Traditional paints and coatings are known for their high content of volatile organic compounds (VOCs), which are known to intensify global warming and damage the Ozone Layer. With the movement towards sustainability gaining momentum worldwide, traffic road marking coating producers and researchers are singularly focusing on engineering road markings made from environmentally friendly materials. For example, SWARCO Road Marking Systems teamed up with students to investigate the viability of using biopolymers in thermoplastic road markings and their efforts won them the Borealis Student Innovation Award in December 2020. Similarly, US-based Aexcel Corporation has developed the ToughLine suite of traffic paints that offer high performance, contain low VOC, and are solvent-based. Thus, the introduction of sustainable traffic markings is rapidly elevating the potential of this market.

    Regional Insights

    Robust Demand for Construction Activities to Propel the Market in Asia Pacific

    Asia Pacific is expected to dominate the traffic road marking coatings market share over the forecast period on account of the escalating demand for constructions in the region. This exponential growth is underpinned by the rapid expansion of urban areas in the region, especially in China and India. Driven by these factors, Asia Pacific boasted a thumping market size of USD 2.37 billion in 2020.

    In North America, the growing preference for water-based traffic road marking coatings will be the principal contributing factor for the regional market. In the US market, the water-based coatings segment held a share of 37.3% in 2020. On the other hand, the market in Europe is set to make considerable gains due to increasing investments in upgrading public transport networks by EU members.

    Competitive Landscape

    Key Players to Strategically Deepen Business Ties across Geographies

    Geographic expansion is a key priority area for leading companies specializing in traffic road marking coating solutions. These players are entering into strategic partnerships with different companies worldwide to deepen their presence in lucrative markets. In addition, some market participants are also devising products to enhance driver safety, which in turn will help in reducing road accidents.
    The global traffic road marking coatings market size is projected to reach USD 8.34 billion by 2028, exhibiting a CAGR of 4.1% during the forecast period. The market size stood at USD 6.04 billion in 2020 and is estimated to touch USD 6.31 billion in 2021, according to a report by Fortune Business Insights™, titled “Traffic Road Marking Coatings Market, 2021-2028”. Information Source - https://www.fortunebusinessinsights.com/traffic-road-marking-coatings-market-103056 Startling Rise in Road Fatalities Worldwide to Fuel Market Growth Accidents and deaths caused by road crashes have been steadily rising around the globe over the past few years. Recent data released by the World Health Organization (WHO) reveal that road traffic accidents kill roughly 1.35 million people globally every year, with more than 50% of these mishaps occurring among the most road users – pedestrians, cyclists, and motorists. Furthermore, the WHO data also show that road accidents also cause non-fatal injuries to many millions around the world annually. Traffic road marking coatings are essential in ensuring that drivers are aware of the road conditions, especially during the night and on unknown terrains. These coatings can efficiently prevent the crashing of vehicles with each other as well as reduce the risk for other road users. Segmentation Based on product, the market has been divided into water-based coatings, solvent-based coatings, and thermoplastic coatings. Among these, the water-based coatings segment held a leading share of 39.1% in the global market in 2020. On the basis of application, the market is segmented into roads & highways, airports, parking lots, and others. Geographically, the market has been clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Highlights The report contains unparalleled insights into market drivers, trends, and restraints, along with an industry-leading analysis of all possible market segments. Further, the report offers a granular study of the regional developments and prospects of the market, as well as actionable research into the competitive dynamics of the market. Driving Factor Development of Eco-friendly Road Marking Solutions to Invigorate the Market Traditional paints and coatings are known for their high content of volatile organic compounds (VOCs), which are known to intensify global warming and damage the Ozone Layer. With the movement towards sustainability gaining momentum worldwide, traffic road marking coating producers and researchers are singularly focusing on engineering road markings made from environmentally friendly materials. For example, SWARCO Road Marking Systems teamed up with students to investigate the viability of using biopolymers in thermoplastic road markings and their efforts won them the Borealis Student Innovation Award in December 2020. Similarly, US-based Aexcel Corporation has developed the ToughLine suite of traffic paints that offer high performance, contain low VOC, and are solvent-based. Thus, the introduction of sustainable traffic markings is rapidly elevating the potential of this market. Regional Insights Robust Demand for Construction Activities to Propel the Market in Asia Pacific Asia Pacific is expected to dominate the traffic road marking coatings market share over the forecast period on account of the escalating demand for constructions in the region. This exponential growth is underpinned by the rapid expansion of urban areas in the region, especially in China and India. Driven by these factors, Asia Pacific boasted a thumping market size of USD 2.37 billion in 2020. In North America, the growing preference for water-based traffic road marking coatings will be the principal contributing factor for the regional market. In the US market, the water-based coatings segment held a share of 37.3% in 2020. On the other hand, the market in Europe is set to make considerable gains due to increasing investments in upgrading public transport networks by EU members. Competitive Landscape Key Players to Strategically Deepen Business Ties across Geographies Geographic expansion is a key priority area for leading companies specializing in traffic road marking coating solutions. These players are entering into strategic partnerships with different companies worldwide to deepen their presence in lucrative markets. In addition, some market participants are also devising products to enhance driver safety, which in turn will help in reducing road accidents.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Traffic Road Marking Coatings Market Size | Growth [2021 2028]
    The traffic road marking coatings market is projected to grow from $6.31 billion in 2021 to $8.34 billion in 2028 at a CAGR of 4.1% during forecast period
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  • In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava. It is commonly used in a wide range of applications, including packaging, textiles, and consumer goods. In this blog, we will take a closer look at the factors driving the growth of the polylactic acid market and the benefits of using this eco-friendly material.

    Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429

    The Growing Demand for Sustainable Materials

    The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment.

    the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods.

    Packaging Industry Driving the Growth of the Polylactic Acid Market

    The packaging industry has been a major driver of growth in the polylactic acid market. The demand for sustainable and eco-friendly packaging solutions has been on the rise, driven by consumer demand and regulatory pressure. Many countries have implemented regulations and policies aimed at reducing polylactic acid market waste, which has further increased the demand for sustainable packaging solutions.

    polylactic acid market-based packaging offers a range of benefits over traditional polylactic acid market packaging. It is biodegradable and compostable, which means it can be easily disposed of without harming the environment. It also has a lower carbon footprint compared to traditional polylactic acid market stic packaging, making it a more sustainable choice.

    In addition to being eco-friendly, polylactic acid market-based packaging also offers excellent performance and durability. It is strong and lightweight, which makes it an ideal choice for a range of packaging applications. It can also be easily molded into different shapes and sizes, making it a versatile material for manufacturers.

    Consumer Goods and Textile Industries Also Adopting Polylactic Acid Market

    polylactic acid market-based textiles, on the other hand, offer a sustainable alternative to traditional fabrics. They are made from renewable resources and are biodegradable, which means they can be easily disposed of without harming the environment. polylactic acid market-based textiles are also lightweight and comfortable, making them a popular choice for clothing and other textile applications.

    Benefits of Using Polylactic Acid Market-Based Materials

    Using polylactic acid market-based materials offers a range of benefits for manufacturers and consumers alike. First and foremost, the polylactic acid market is an eco-friendly material that is made from renewable resources. This makes it a more sustainable choice compared to traditional petroleum-based polylactic acid market sticks.

    polylactic acid market is also biodegradable and compostable, which means it can be easily disposed of without harming the environment. It breaks down into the water, carbon dioxide, and organic matter, which can be safely absorbed into the environment. This makes it an ideal choice for single-use items such as packaging and consumer goods.
    In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava. It is commonly used in a wide range of applications, including packaging, textiles, and consumer goods. In this blog, we will take a closer look at the factors driving the growth of the polylactic acid market and the benefits of using this eco-friendly material. Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429 The Growing Demand for Sustainable Materials The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment. the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods. Packaging Industry Driving the Growth of the Polylactic Acid Market The packaging industry has been a major driver of growth in the polylactic acid market. The demand for sustainable and eco-friendly packaging solutions has been on the rise, driven by consumer demand and regulatory pressure. Many countries have implemented regulations and policies aimed at reducing polylactic acid market waste, which has further increased the demand for sustainable packaging solutions. polylactic acid market-based packaging offers a range of benefits over traditional polylactic acid market packaging. It is biodegradable and compostable, which means it can be easily disposed of without harming the environment. It also has a lower carbon footprint compared to traditional polylactic acid market stic packaging, making it a more sustainable choice. In addition to being eco-friendly, polylactic acid market-based packaging also offers excellent performance and durability. It is strong and lightweight, which makes it an ideal choice for a range of packaging applications. It can also be easily molded into different shapes and sizes, making it a versatile material for manufacturers. Consumer Goods and Textile Industries Also Adopting Polylactic Acid Market polylactic acid market-based textiles, on the other hand, offer a sustainable alternative to traditional fabrics. They are made from renewable resources and are biodegradable, which means they can be easily disposed of without harming the environment. polylactic acid market-based textiles are also lightweight and comfortable, making them a popular choice for clothing and other textile applications. Benefits of Using Polylactic Acid Market-Based Materials Using polylactic acid market-based materials offers a range of benefits for manufacturers and consumers alike. First and foremost, the polylactic acid market is an eco-friendly material that is made from renewable resources. This makes it a more sustainable choice compared to traditional petroleum-based polylactic acid market sticks. polylactic acid market is also biodegradable and compostable, which means it can be easily disposed of without harming the environment. It breaks down into the water, carbon dioxide, and organic matter, which can be safely absorbed into the environment. This makes it an ideal choice for single-use items such as packaging and consumer goods.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Polylactic Acid Market Size & Share | Global Report [2021-2028]
    The global polylactic acid market size was USD 698,200.9 thousand in 2020 and is projected to reach USD 2,306,708.2 thousand by 2028, exhibiting a CAGR of 16.3% during the forecast period.
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  • The global traffic road marking coatings market size is projected to reach USD 8.34 billion by 2028, exhibiting a CAGR of 4.1% during the forecast period. The market size stood at USD 6.04 billion in 2020 and is estimated to touch USD 6.31 billion in 2021, according to a report by Fortune Business Insights™, titled “Traffic Road Marking Coatings Market, 2021-2028”.

    Information Source - https://www.fortunebusinessinsights.com/traffic-road-marking-coatings-market-103056

    Startling Rise in Road Fatalities Worldwide to Fuel Market Growth

    Accidents and deaths caused by road crashes have been steadily rising around the globe over the past few years. Recent data released by the World Health Organization (WHO) reveal that road traffic accidents kill roughly 1.35 million people globally every year, with more than 50% of these mishaps occurring among the most road users – pedestrians, cyclists, and motorists. Furthermore, the WHO data also show that road accidents also cause non-fatal injuries to many millions around the world annually. Traffic road marking coatings are essential in ensuring that drivers are aware of the road conditions, especially during the night and on unknown terrains. These coatings can efficiently prevent the crashing of vehicles with each other as well as reduce the risk for other road users.

    Segmentation

    Based on product, the market has been divided into water-based coatings, solvent-based coatings, and thermoplastic coatings. Among these, the water-based coatings segment held a leading share of 39.1% in the global market in 2020.

    On the basis of application, the market is segmented into roads & highways, airports, parking lots, and others. Geographically, the market has been clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

    Report Highlights

    The report contains unparalleled insights into market drivers, trends, and restraints, along with an industry-leading analysis of all possible market segments. Further, the report offers a granular study of the regional developments and prospects of the market, as well as actionable research into the competitive dynamics of the market.

    Driving Factor

    Development of Eco-friendly Road Marking Solutions to Invigorate the Market

    Traditional paints and coatings are known for their high content of volatile organic compounds (VOCs), which are known to intensify global warming and damage the Ozone Layer. With the movement towards sustainability gaining momentum worldwide, traffic road marking coating producers and researchers are singularly focusing on engineering road markings made from environmentally friendly materials. For example, SWARCO Road Marking Systems teamed up with students to investigate the viability of using biopolymers in thermoplastic road markings and their efforts won them the Borealis Student Innovation Award in December 2020. Similarly, US-based Aexcel Corporation has developed the ToughLine suite of traffic paints that offer high performance, contain low VOC, and are solvent-based. Thus, the introduction of sustainable traffic markings is rapidly elevating the potential of this market.

    Regional Insights

    Robust Demand for Construction Activities to Propel the Market in Asia Pacific

    Asia Pacific is expected to dominate the traffic road marking coatings market share over the forecast period on account of the escalating demand for constructions in the region. This exponential growth is underpinned by the rapid expansion of urban areas in the region, especially in China and India. Driven by these factors, Asia Pacific boasted a thumping market size of USD 2.37 billion in 2020.

    In North America, the growing preference for water-based traffic road marking coatings will be the principal contributing factor for the regional market. In the US market, the water-based coatings segment held a share of 37.3% in 2020. On the other hand, the market in Europe is set to make considerable gains due to increasing investments in upgrading public transport networks by EU members.

    Competitive Landscape

    Key Players to Strategically Deepen Business Ties across Geographies

    Geographic expansion is a key priority area for leading companies specializing in traffic road marking coating solutions. These players are entering into strategic partnerships with different companies worldwide to deepen their presence in lucrative markets. In addition, some market participants are also devising products to enhance driver safety, which in turn will help in reducing road accidents.
    The global traffic road marking coatings market size is projected to reach USD 8.34 billion by 2028, exhibiting a CAGR of 4.1% during the forecast period. The market size stood at USD 6.04 billion in 2020 and is estimated to touch USD 6.31 billion in 2021, according to a report by Fortune Business Insights™, titled “Traffic Road Marking Coatings Market, 2021-2028”. Information Source - https://www.fortunebusinessinsights.com/traffic-road-marking-coatings-market-103056 Startling Rise in Road Fatalities Worldwide to Fuel Market Growth Accidents and deaths caused by road crashes have been steadily rising around the globe over the past few years. Recent data released by the World Health Organization (WHO) reveal that road traffic accidents kill roughly 1.35 million people globally every year, with more than 50% of these mishaps occurring among the most road users – pedestrians, cyclists, and motorists. Furthermore, the WHO data also show that road accidents also cause non-fatal injuries to many millions around the world annually. Traffic road marking coatings are essential in ensuring that drivers are aware of the road conditions, especially during the night and on unknown terrains. These coatings can efficiently prevent the crashing of vehicles with each other as well as reduce the risk for other road users. Segmentation Based on product, the market has been divided into water-based coatings, solvent-based coatings, and thermoplastic coatings. Among these, the water-based coatings segment held a leading share of 39.1% in the global market in 2020. On the basis of application, the market is segmented into roads & highways, airports, parking lots, and others. Geographically, the market has been clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Highlights The report contains unparalleled insights into market drivers, trends, and restraints, along with an industry-leading analysis of all possible market segments. Further, the report offers a granular study of the regional developments and prospects of the market, as well as actionable research into the competitive dynamics of the market. Driving Factor Development of Eco-friendly Road Marking Solutions to Invigorate the Market Traditional paints and coatings are known for their high content of volatile organic compounds (VOCs), which are known to intensify global warming and damage the Ozone Layer. With the movement towards sustainability gaining momentum worldwide, traffic road marking coating producers and researchers are singularly focusing on engineering road markings made from environmentally friendly materials. For example, SWARCO Road Marking Systems teamed up with students to investigate the viability of using biopolymers in thermoplastic road markings and their efforts won them the Borealis Student Innovation Award in December 2020. Similarly, US-based Aexcel Corporation has developed the ToughLine suite of traffic paints that offer high performance, contain low VOC, and are solvent-based. Thus, the introduction of sustainable traffic markings is rapidly elevating the potential of this market. Regional Insights Robust Demand for Construction Activities to Propel the Market in Asia Pacific Asia Pacific is expected to dominate the traffic road marking coatings market share over the forecast period on account of the escalating demand for constructions in the region. This exponential growth is underpinned by the rapid expansion of urban areas in the region, especially in China and India. Driven by these factors, Asia Pacific boasted a thumping market size of USD 2.37 billion in 2020. In North America, the growing preference for water-based traffic road marking coatings will be the principal contributing factor for the regional market. In the US market, the water-based coatings segment held a share of 37.3% in 2020. On the other hand, the market in Europe is set to make considerable gains due to increasing investments in upgrading public transport networks by EU members. Competitive Landscape Key Players to Strategically Deepen Business Ties across Geographies Geographic expansion is a key priority area for leading companies specializing in traffic road marking coating solutions. These players are entering into strategic partnerships with different companies worldwide to deepen their presence in lucrative markets. In addition, some market participants are also devising products to enhance driver safety, which in turn will help in reducing road accidents.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Traffic Road Marking Coatings Market Size | Growth [2021 2028]
    The traffic road marking coatings market is projected to grow from $6.31 billion in 2021 to $8.34 billion in 2028 at a CAGR of 4.1% during forecast period
    0 Comments 0 Shares 1K Views 0 Reviews
  • In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava. It is commonly used in a wide range of applications, including packaging, textiles, and consumer goods. In this blog, we will take a closer look at the factors driving the growth of the polylactic acid market and the benefits of using this eco-friendly material.

    Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429

    The Growing Demand for Sustainable Materials

    The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment.

    the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods.

    Packaging Industry Driving the Growth of the Polylactic Acid Market

    The packaging industry has been a major driver of growth in the polylactic acid market. The demand for sustainable and eco-friendly packaging solutions has been on the rise, driven by consumer demand and regulatory pressure. Many countries have implemented regulations and policies aimed at reducing polylactic acid market waste, which has further increased the demand for sustainable packaging solutions.

    polylactic acid market-based packaging offers a range of benefits over traditional polylactic acid market packaging. It is biodegradable and compostable, which means it can be easily disposed of without harming the environment. It also has a lower carbon footprint compared to traditional polylactic acid market stic packaging, making it a more sustainable choice.

    In addition to being eco-friendly, polylactic acid market-based packaging also offers excellent performance and durability. It is strong and lightweight, which makes it an ideal choice for a range of packaging applications. It can also be easily molded into different shapes and sizes, making it a versatile material for manufacturers.

    Consumer Goods and Textile Industries Also Adopting Polylactic Acid Market

    polylactic acid market-based textiles, on the other hand, offer a sustainable alternative to traditional fabrics. They are made from renewable resources and are biodegradable, which means they can be easily disposed of without harming the environment. polylactic acid market-based textiles are also lightweight and comfortable, making them a popular choice for clothing and other textile applications.

    Benefits of Using Polylactic Acid Market-Based Materials

    Using polylactic acid market-based materials offers a range of benefits for manufacturers and consumers alike. First and foremost, the polylactic acid market is an eco-friendly material that is made from renewable resources. This makes it a more sustainable choice compared to traditional petroleum-based polylactic acid market sticks.

    polylactic acid market is also biodegradable and compostable, which means it can be easily disposed of without harming the environment. It breaks down into the water, carbon dioxide, and organic matter, which can be safely absorbed into the environment. This makes it an ideal choice for single-use items such as packaging and consumer goods.
    In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava. It is commonly used in a wide range of applications, including packaging, textiles, and consumer goods. In this blog, we will take a closer look at the factors driving the growth of the polylactic acid market and the benefits of using this eco-friendly material. Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429 The Growing Demand for Sustainable Materials The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment. the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods. Packaging Industry Driving the Growth of the Polylactic Acid Market The packaging industry has been a major driver of growth in the polylactic acid market. The demand for sustainable and eco-friendly packaging solutions has been on the rise, driven by consumer demand and regulatory pressure. Many countries have implemented regulations and policies aimed at reducing polylactic acid market waste, which has further increased the demand for sustainable packaging solutions. polylactic acid market-based packaging offers a range of benefits over traditional polylactic acid market packaging. It is biodegradable and compostable, which means it can be easily disposed of without harming the environment. It also has a lower carbon footprint compared to traditional polylactic acid market stic packaging, making it a more sustainable choice. In addition to being eco-friendly, polylactic acid market-based packaging also offers excellent performance and durability. It is strong and lightweight, which makes it an ideal choice for a range of packaging applications. It can also be easily molded into different shapes and sizes, making it a versatile material for manufacturers. Consumer Goods and Textile Industries Also Adopting Polylactic Acid Market polylactic acid market-based textiles, on the other hand, offer a sustainable alternative to traditional fabrics. They are made from renewable resources and are biodegradable, which means they can be easily disposed of without harming the environment. polylactic acid market-based textiles are also lightweight and comfortable, making them a popular choice for clothing and other textile applications. Benefits of Using Polylactic Acid Market-Based Materials Using polylactic acid market-based materials offers a range of benefits for manufacturers and consumers alike. First and foremost, the polylactic acid market is an eco-friendly material that is made from renewable resources. This makes it a more sustainable choice compared to traditional petroleum-based polylactic acid market sticks. polylactic acid market is also biodegradable and compostable, which means it can be easily disposed of without harming the environment. It breaks down into the water, carbon dioxide, and organic matter, which can be safely absorbed into the environment. This makes it an ideal choice for single-use items such as packaging and consumer goods.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Polylactic Acid Market Size & Share | Global Report [2021-2028]
    The global polylactic acid market size was USD 698,200.9 thousand in 2020 and is projected to reach USD 2,306,708.2 thousand by 2028, exhibiting a CAGR of 16.3% during the forecast period.
    0 Comments 0 Shares 709 Views 0 Reviews