Poly-lactic acid (PLA) is a rigid thermoplastic polymer that can be semi-crystalline or totally amorphous, depending on the stereo-purity of the polymer backbone. PLA is a unique polymer that in many ways behaves like PET, but also performs a lot like polypropylene (PP), a polyolefin. PLA is used broadly in textile applications for several reasons. Polyesters currently used for apparel and related fiber applications.
The global polylactic acid (PLA) market was valued around US$ 2.23 Bn in 2017 and is anticipated to expand at a stable CAGR above 20.5% during the forecast period 2018 to 2026. The polylactic acid market is projected to reach USD 5.16 Billion by 2020, growing at a CAGR of 20.9% during the forecast period. This facilitates the development of new technologies and ensures a high quality product.
Few Indian major players are as under
· Astra Specialty Compounds India Pvt. Ltd.
· Crest Composites & Plastics Pvt. Ltd.
· Malladi Specialities Ltd.
· Neelam Aqua & Speciality Chem Pvt. Ltd.
· Network Polymers Pvt. Ltd.
· Reichhold India Pvt. Ltd.