The Latin America, Middle East and Africa Polyhydroxyalkanoate (PHA) Market is projected to witness market growth of 16.7% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 6,244.4 tonnes, showcasing a growth of 14.5% (2024-2031).
In the Polyhydroxyalkanoate (PHA) market, biomedical applications represent a promising sector where PHA-based materials offer significant advantages. PHAs possess properties such as biocompatibility, biodegradability, and tunable mechanical properties, making them suitable for various biomedical applications. Thus, the Saudi Arabia market is expected to utilize 281.34 kilo tonnes of Polyhydroxyalkanoate in biomedical application by 2031.
The Brazil market dominated the LAMEA Polyhydroxyalkanoate (PHA) Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $5.96 millions by 2031. The Argentina market is registering a CAGR of 17.6% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 16.3% during (2024 - 2031).
PHA-based materials can replace petroleum-based plastics in automotive interiors, including dashboard panels, door trims, seat components, and headliners. These materials offer comparable mechanical properties, thermal stability, and durability while reducing environmental impact.
Moreover, PHA-based materials are used in exterior components such as body panels, bumpers, side skirts, and spoilers. These materials offer lightweight, impact resistance, and weather ability, contributing to fuel efficiency and reducing carbon emissions.
The Saudi government has been increasing its healthcare expenditure to improve healthcare infrastructure, facilities, and services across the country. The growing population and increasing life expectancy drive the demand for healthcare services and medical products in Saudi Arabia. Technological innovations in PHA production processes have increased efficiency and reduced production costs, making PHAs more cost-effective and accessible for medical device applications in Saudi Arabia.
In the Polyhydroxyalkanoate (PHA) market, biomedical applications represent a promising sector where PHA-based materials offer significant advantages. PHAs possess properties such as biocompatibility, biodegradability, and tunable mechanical properties, making them suitable for various biomedical applications. Thus, the Saudi Arabia market is expected to utilize 281.34 kilo tonnes of Polyhydroxyalkanoate in biomedical application by 2031.
The Brazil market dominated the LAMEA Polyhydroxyalkanoate (PHA) Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $5.96 millions by 2031. The Argentina market is registering a CAGR of 17.6% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 16.3% during (2024 - 2031).
PHA-based materials can replace petroleum-based plastics in automotive interiors, including dashboard panels, door trims, seat components, and headliners. These materials offer comparable mechanical properties, thermal stability, and durability while reducing environmental impact.
Moreover, PHA-based materials are used in exterior components such as body panels, bumpers, side skirts, and spoilers. These materials offer lightweight, impact resistance, and weather ability, contributing to fuel efficiency and reducing carbon emissions.
The Saudi government has been increasing its healthcare expenditure to improve healthcare infrastructure, facilities, and services across the country. The growing population and increasing life expectancy drive the demand for healthcare services and medical products in Saudi Arabia. Technological innovations in PHA production processes have increased efficiency and reduced production costs, making PHAs more cost-effective and accessible for medical device applications in Saudi Arabia.
List of Key Companies Profiled
- RWDC Industries LLC
- Newlight Technologies, Inc.
- TianAn Biologic Materials Co., Ltd.
- Ecomann Biotechnology Co. Ltd.
- Danimer Scientific, Inc.
- Kaneka Corporation
- Bluepha Co., Ltd.
- TerraVerdae Bioworks Inc
- Beijing PhaBuilder Biotechnology Co., Ltd.
- Genecis Bioindustries Inc.
Market Report Segmentation
By Type (Volume, Tonnes, USD Million, 2030-2031)- Short Chain Length
- Medium Chain Length
- Sugar Fermentation
- Vegetable Oil Fermentation
- Methane Fermentation
- Packaging & Food Services
- Biomedical
- Agriculture
- Others
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Polyhydroxyalkanoate (PHA) Market by Type
Chapter 6. LAMEA Polyhydroxyalkanoate (PHA) Market by Production Method
Chapter 7. LAMEA Polyhydroxyalkanoate (PHA) Market by Application
Chapter 8. LAMEA Polyhydroxyalkanoate (PHA) Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- RWDC Industries LLC
- Newlight Technologies, Inc.
- TianAn Biologic Materials Co., Ltd.
- Ecomann Biotechnology Co. Ltd.
- Danimer Scientific, Inc.
- Kaneka Corporation
- Bluepha Co., Ltd.
- TerraVerdae Bioworks Inc
- Beijing PhaBuilder Biotechnology Co., Ltd.
- Genecis Bioindustries Inc.
Methodology
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