The Global Lactic Acid Market is expected to exceed more than US$ 5.50 billion by 2024 and will grow at a CAGR of more than 18% in the given forecast period.
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Lactic acid market is a drab or some time yellowish, odorless and hygroscopic, sugary and thick chemical liquid. It’s usually soluble with other drinks consisting of water and ethanol. It’s observed in abundance in nature. It is the most essential acid component of acerbic milk and an average aspect of animals’ blood and muscle tissues. Lactic acid are broadly utilized in refined dairy products, preservative, flavoring, leather-based processing, fabric dyeing, manufacturing of biodegradable polymers which include poly lactic acid (pla), in plastics manufacturing, solvents, inks, and as a source of calcium lactate in prescription drugs industry. Lactic acid is likewise a first-rate supply for manufacturing of a number of the other chemicals along with lactate esters, propylene glycol propylene oxide, propanoic acid acetaldehyde, acrylic acid, 2,3-pentanedione, and dilactide.
The Global Polylactic acid Market is expected to exceed more than US$ 10.0 billion by 2024 and will grow at a CAGR of more than 20.5% in the given forecast period.
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company profiles of the key participants operating in the global market. Key players profiled in the report include BASF SE (Germany), CSM N.V. (The Netherlands), The Dow Chemical Company (U.S.), Teijin Ltd. (Japan), and NatureWorks LLC (U.S).Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
This report provides:
1) An overview of the global market for lactic acid and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for Global Lactic Acid Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The major driving factors of Global Lactic Acid Market are as follows:
- Increase in end user applications
- Growth in require for lactic acid based personal care products
The major driving factors of Polylactic Acid Market are as follows:
- Rising customer preference for eco friendly packaging
- Increasing crude oil costs
The restraining factors of Global Lactic Acid Market are as follows:
- Price competitiveness beside conventional polymers
The restraining factors of Polylactic Acid Market are as follows:
- Instability of raw material cost
The scope of the report includes a detailed study of global and regional markets for Global Lactic Acid Market with the reasons given for variations in the growth of the industry in certain regions.
The Global Lactic Acid Market is segmented has been segmented as below:
The Global Lactic Acid Market is segmented on the Basis of Application Analysis and Regional Analysis. By Application Analysis is segmented on the basis of Lactic acid and Polylactic acid. Lactic acid is segmented into Biodegradable polymers, Pharmaceuticals, Food and beverages, Personal care products and Others. Polylactic acid is segmented into Packaging, Automobile, Agriculture, Electronics, Textiles and Others.
By Regional Analysis is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.
Table of Contents
1.1 KEY TAKE AWAYS
1.2 REPORT DESCRIPTION
1.3 MARKETS COVERED
1.5 RESEARCH METHODOLOGY
1.5.1 MARKET SIZE
1.5.2 MARKET SHARE
1.5.3 KEY DATA POINTS FROM SECONDARY SOURCES
1.5.4 KEY DATA POINTS FROM PRIMARY SOURCES
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Lactic Acid Market, By Application
8 Polylactic Acid Market, By Application
10 Polylactic Acid Market, By Region
11 Competitive Landscape
12 Company Profiles
12.2 BASF SE
12.3 Teijin Ltd
12.4 The DOW Chemical Company
12.5 Corbion N.V.
12.6 Meredian Holdings Group, Inc.
12.7 Natureworks LLC
12.8 Henan Jindan Lactic Acid Technology Co. Ltd
12.9 Synbra Technology B.V.
12.10 WEI MON Industry Co., Ltd.
12.11 Galactic S.A.
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