Press release
Lactic Acid Market Key Growth Analysis of Purac & NatureWorks Danimer Scientific, BASF, Futerro, Synbra Technology
Lactic Acid, Lactic Acid Market, Lactic Acid Market Study, Lactic Acid Market Size, Lactic Acid Market Segmentation, Lactic Acid M
Lactic Acid Market size is set to exceed USD 6 billion by 2024, U.S. PLA market size from agriculture applications should witness over 16% gains. They are used to raise soil temperature, control soil compaction, and enhance moisture control. Lactic acid market size from pharmaceutical applications may witness significant gains. It is used to exhibit anti-tumor activity and treat dry skin problems.
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Report Mainly focuses on the top Manufacturers in global market are given bellow
Purac & NatureWorks Danimer Scientific, BASF, Futerro, Synbra Technology, Galactic and Musashino
PLA market size from packaging applications should register over USD 2 billion at the end of forecast period. They used for packaging fruits &vegetables and also in disposable products which includes cutlery and cups. Favorable regulatory support in bioplastics packaging including loose fill and rigid packaging may witness strong growth thereby curbing GHG emissions.
Lactic Acid Market By Application
• Industrial
• Food &beverage
• Pharmaceuticals
• Personal Care
• Others
Polylactic Acid Market By Application
• Packaging
• Agriculture
• Transport
• Electronics
• Textiles
• Others
Lactic acid market size from food &beverages applications should register over USD 1.5 billion in sales by 2024. Strong application outlook in industrial and food &beverage industry should drive lactic acid market size. They are used as a preservative, pH regulator and acidulant for food &beverage applications which include bakery, dairy, meat products, confectionary, beer &wine and pickles.
FDA has granted lactic acid GRAS status which should boost the product market demand. It is also used in manufacturing PLA, which is a biodegradable polymer and has vast consumption volume
Positive indicator towards bioplastics usage due to environmental concern should drive PLA market size. Strong application scope automobiles, food &beverage packaging, agriculture and consumer goods packaging should drive industry growth.
PLA market price trend commands premium pricing with respect to traditional polymers including PP and polystyrene. Tapoica, sugarcane, and corn are used for manufacturing process. These raw materials costs may fluctuate and affect lactic acid price trend.
Japan lactic acid market size from personal care applications is set to exceed USD 30 million. It is used as anti aging, anti wrinkle, and skin lightening products. Rising consumer awareness towards personal care &cosmetics product formulation should drive regional industry growth.
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The above information is provided on a regional and country basis for the following:
• North America (U.S., Canada, Mexico)
o Europe (Germany, Italy, UK, France, Austria, Spain, Portugal, Ukraine, Switzerland)
o Asia Pacific (Japan, China, India, South Korea, Australia)
o Latin America (Brazil, Mexico)
o MEA (South Africa, Saudi Arabia)
Growing consumer consciousness towards biobased personal care &cosmetics product formulations should favor lactic acid market size. Increasing consumer awareness and stringent government norms to encourage environment friendly products derived from biomass resources should drive regional growth.
Europe lactic acid market size from industrial applications may witness above 15.5% gains. These products are used in applications which include textile goods &silk dyeing, leather plumping and woolen printings.
Data Tables:
TABLE 1 Lactic acid & polylactic acid 3600 synopsis, 2013 – 2024
TABLE 2 Global lactic acid market, 2013 - 2024, (Kilo Tons) (USD million)
TABLE 3 Global lactic acid market volume, by region, 2013 - 2024 (Kilo Tons)
TABLE 4 Global lactic acid market revenue, by region, 2013 - 2024 (USD Million)
TABLE 5 Global lactic acid market volume, by application, 2013 - 2024 (Kilo Tons)
TABLE 6 Global lactic acid market revenue, by application, 2013 - 2024 (USD Million)
TABLE 7 Global PLA market, 2013 - 2024, (Kilo Tons) (USD Million)
TABLE 8 Global PLA market volume, by region, 2013 - 2024 (Kilo Tons)
TABLE 9 Global PLA market revenue, by region, 2013 - 2024 (USD Million)
TABLE 10 Global PLAmarket volume, by application, 2013 - 2024 (Kilo Tons)
TABLE 11 Global PLA market revenue, by application, 2013 - 2024 (USD Million)
TABLE 12 Classification of bioplastics
TABLE 13 PLA competitive landscape
TABLE 14 Industry impact forces
TABLE 15 Industry Pitfalls & Challenges
TABLE 16 Global lactic acid demand in industrial applications (Kilo Tons) (USD Million), 2013 -2024
TABLE 17 Global lactic acid demand in industrial applications by region (Kilo Tons), 2013 - 2024
TABLE 18 Global lactic acid demand in industrial applications by region, (USD Million), 2013 - 2024
TABLE 19 Global lactic acid demand in food & beverage (Kilo Tons) (USD Million), 2013 - 2024
TABLE 20 Global lactic acid demand in food & beverage by region (Kilo Tons), 2013 - 2024
TABLE 21 Global lactic acid demand in food & beverage by region (USD Million), 2013 – 2024
TABLE 22 Global lactic acid demand in pharmaceuticals (Kilo Tons) (USD Million), 2013 - 2024
TABLE 23 Global lactic acid demand in pharmaceuticals by region (Kilo Tons), 2013 - 2024
TABLE 24 Global lactic acid demand in pharmaceuticals by region (USD Million), 2013 – 2024
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