Polyhydroxyalkanoate (PHA) Market worth 34,000 MT By 2018
- Metabolix Inc. (U.S.)
- Meredian Inc. (U.S.)
- Biomer (Germany)
- Tianjin GreenBio Materials Co. Ltd (China)
- 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.
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