Home > Chemicals & Materials > Polymers > Industrial Polymers > Polyhydroxyalkanoate (PHA) Market

Polyhydroxyalkanoate (PHA) Market Analysis

Report ID: GMI5355
Published Date: Oct 2023
Report Format: PDF

Download Free Sample

Polyhydroxyalkanoate Market Analysis:

Polyhydroxyalkanoate Market Size, By Product, 2021 - 2032 (USD Million)

Based on product, the market is segmented as short chain length, medium chain length and long chain length. Short chain length held a majority market value of USD 58.5 million in 2022. The medium chain length (MCL) and long chain length (LCL) segments are experiencing growth due to the increasing demand for tailored and versatile biopolymer solutions. MCL-PHA's shorter carbon chains, typically ranging from 6 to 12 carbon atoms, are gaining traction because of their unique characteristics, including enhanced solubility, biodegradability, and lower melting points. These properties make MCL-PHA ideal for a wide range of applications such as biofuels and emulsifiers.

Polyhydroxyalkanoate Market Revenue Share, By PHA Type, (2022)

Learn more about the key segments shaping this market

Download Free Sample

Based on PHA type, the market is segmented as P3H4B +PHB, PHBH and PHBV. P3H4B +PHB held a dominant market share of around 70% in 2022 and is expected to grow at a lucrative pace till 2032. The P3H4B, PHB, and PHBV segments are experiencing growth due to their relevance in the bioplastics market driven by sustainability and environmental concerns. P3H4B, a type of polyhydroxyalkanoate (PHA), is gaining traction due to its potential as a bio-based and biodegradable material, addressing the need for eco-friendly alternatives to conventional plastics. PHB (polyhydroxybutyrate) and PHBV (polyhydroxybutyrate-co-valerate) are also witnessing increased demand as they exhibit biodegradability and compatibility with various applications, including packaging and biomedical devices.

U.S. Polyhydroxyalkanoate Market Size, 2020- 2032 (USD Million)

Looking for region specific data?

Download Free Sample

U.S. dominated the North American region with majority market share and a revenue of USD 26.3 million in 2022 and is anticipated to expand at a significant pace from 2023-2032. The United States holds a dominant share in the polyhydroxyalkanoate market, primarily due to a combination of robust research and development efforts, supportive government policies, and a strong focus on sustainability. The U.S. government's initiatives to promote bio-based and biodegradable materials have propelled the adoption of PHA across various industries.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Polyhydroxyalkanoate (PHA) market size was worth USD 98.2 million in 2022 and is estimated to reach USD 275.8 million by 2032 driven by growing emphasis on sustainable and biodegradable plastics

Short-chain-length (SCL) PHA market size was valued at USD 58.5 million in 2022 owing to the increasing demand for tailored and versatile biopolymer solutions.

Polyhydroxyalkanoate market size in the U.S. was USD 26.3 million in 2022 and is set to exhibit robust growth rate over 2023-2032 attributed to the increasing R&D efforts and supportive government policies in the nation.

Some of the top PHA market players are Danimer Scientific, CjBio, Tianan Enmat, Kaneka Corporation, Paques Biomaterials, RWDC, Bluepha, Full Cycle Bioplastics, Newlight Technologies, Tianjin GreenBio Materials Co. Ltd., Yield10 Bioscience, Inc., and Bio-on SpA among others.