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Tepha-galaTepha-inc Polyhydroxyalkanoate Market Healthy Pace throughout the Forecast during 2017-2026 Polyhydroxyalkanoate Marketreport includes market status and forecast of global and major regions, with introduction of vendors, regions, product types and end industries; and this report counts product types and end industries in global and major re
BriefingWire.com, 4/19/2021 - According to Stratistics MRC, the Global Polyhydroxyalkanoate Market is accounted for $78.20 million in 2017 and is expected to reach $135.78 million by 2026 growing at a CAGR of 6.3%. Rising awareness among consumers regarding environmental protection, growth of packaging & healthcare industries and availability of raw materials extracted from wastes of sugar palm oil are some of the factors boosting the growth of the market. However, higher costs of PHAs as compared to conventional polymers are expected to hamper the profit boundaries. Moreover, rapid technological changes
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The global polyhydroxyalkanoate (PHA) market is estimated to be USD 62 million in 2020 and is projected to reach USD 121 million by 2025, growing at a CAGR of 14.2% between 2020 and 2025.
Factors such as stringent environmental laws and customer awareness will drive the polyhydroxyalkanoate (PHA) market. The major restraints for the market will be higher price of PHA as compared to the conventional polymers and performance issues related to its properties. However, the increasing scope in end-use segments and emergence of new raw materials will act as an opportunity for the market.
Short chain length is the largest type for polyhydroxyalkanoate (PHA) in 2019
Germany
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