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Global Polyhydroxyalkanoate (PHA) Market to Reach $113.1 Million by 2027
In the changed post COVID-19 business landscape, the global market for Polyhydroxyalkanoate (PHA) estimated at US$81.8 Million in the year 2020, is projected to reach a revised size of US$113.1 Million by 2027, growing at a CAGR of 4.7% over the analysis period 2020-2027. PHA Co-Polymers, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$66.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the PHA Monomers segment is readjusted to a revised 4.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $22.1 Million, While China is Forecast to Grow at 7.8% CAGR
The Polyhydroxyalkanoate (PHA) market in the U.S. is estimated at US$22.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$23.8 Million by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$15.2 Million by the year 2027.


PHA Terpolymers Segment to Record 3.9% CAGR
In the global PHA Terpolymers segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.5 Million in the year 2020 will reach a projected size of US$11 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.1% CAGR through the analysis period.