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Asia Pacific Biodegradable Plastics Market Analysis Report - By Type, Application & Region | Industry Analysis on Size, Share, Growth, Trends & Forecast | 2023-2028

Published: March, 2023
ID: 7679
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia Pacific Biodegradable Plastics Market Size (2023-2028)

Asia Pacific Biodegradable Plastics Market in 2022 was estimated at USD 0.67 billion and is expected to grow at a CAGR of 6.5% to become a USD 0.92 billion market.

LED is an abbreviation that stands for Light Emitting Diode. When electricity passes through certain diodes they emit light whose characteristics depend on the chemical composition of the diode. The compounds Gallium Arsenide Phosphide (GaAsP), Gallium Phosphide (GaP), and Gallium Arsenide (GaAs) are usually used to make the semiconductor in LED lights.

The low Cost of Production and Maintenance, Durability, and Energy Efficiency of LED lights are among the key factors driving the growth of the LED materials market. They are also environmentally friendly as they consume far less electricity and this only helps their adoption by consumers. LED lights work very well even under extreme temperatures and can deliver the same output for long hours of operation, this has led to the widespread adoption of LED lights in Industry where the cost savings they bring are substantial.

Market Segmentation:

Biodegradable Plastics Market – By Type:

  • Mitsubishi Chemical Corporation
  • Polyhydroxyalkanoates

  • Polybutylene Succinate

  • Polycaprolactone

  • Starch-based

  • Regenerated Cellulose

Biodegradable Plastics Market – By Application:

  • Packaging

  • Textile

  • Agriculture

  • Injection Moulding

By Country

  • India

  • China

  • Japan

  • South Korea

  • Australia

  • New Zealan

  • Thailand

  • Malaysia

  • Vietnam

  • Philippines

  • Singapore 

Major companies playing their trade in the Asia Pacific Biodegradable Plastics Market include

  1. Cree, Inc

  2. Nichia Corporation

  3. OSRAM Licht AG

  4. Seoul Semiconductor Co., Ltd

  5. Opto Semiconductor

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