Polyhydroxyalkanoate (PHA) Market Trends and Forecasts by 2018. May 2014 | Page 2

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.), Biomer (Germany), 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 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.