The advent of 3D printing technology has led to various technological advancements in the modern industry. 3D printing has brought disruption in the conventional approach of manufacturing and is rapidly being incorporated by different industries. Rapid prototyping with the help of different materials and design software not only enables mass production in a short time but also facilitates the customization of the product. The role of different plastic materials used in the 3D printing process has off late become increasingly vital owing to the rising consumer awareness about the adoption of bioplastics.
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Among the different materials used in the 3D printing process, there has been strong focus towards polylactic acid (PLA) as it is bio-based and is derived from sustainable resources.
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The combination of the 3D printing technology with bio-based plastic materials is anticipated to create a sustainable economy in the future. The adoption of PLA in different industries such as packaging, automotive, and healthcare, among others will reduce the emission of greenhouse gas and lessen the dependence on fossil fuel/ petroleum reserves.
This research has been conducted to answer some of the most crucial questions about the PLA market:
. What are the major driving forces that are expected to increase the demand for the global PLA market during the forecast period, 2018-2028?
. What are the major challenges inhibiting the growth of the global PLA market?
. What was the revenue generated by PLA by user type in 2017, and what are the estimates for the period between 2018 and 2028?
. Which application type is expected to dominate the global PLA market in the coming years?
. Who are the key players in the global PLA market?
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With over 150 market intelligence reports published annually, BIS Research focuses on various technology verticals such as 3D printing, advanced materials & chemicals, aerospace and defense, automotive, healthcare, electronics & semiconductors, robotics & UAV and other emerging technologies.
Each research report incorporates detailed analysis and subsequent quantification of- market dynamics, market drivers and restraints, opportunities, threats, market shares, current and emerging industry trends as well as detailed competitive landscape and intelligence.
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