Press release
Lactate Esters Market: Competitive Dynamics & Global Outlook 2023
Lactate Esters are derivatives of lactic acid. It is commonly used as a solvent or intermediate in pharmaceutical, detergent, coatings, food and fragrance production. The most common types include methyl lactate, ethyl lactate and butyl lactate, etc.
Lactate esters industry is dispersive relatively. Currently, there are several producing companies in the world lactate esters industry. The main market players are Corbion, Galactic, Musashino Chemical Laboratory, Vertec BioSolvents, Godavari Biorefineries, Yancheng Hongtai Bioengineering and Huade Biological Engineering, etc. The production of lactate esters will increase to 34087 MT in 2017 from 26417 MT in 2012 with CAGR of 5.23%. Global lactate esters capacity utilization rate remained at around 63.03% in 2016.
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Global Lactate Esters Market: Forecast by Type / Application / Region
The major raw materials for lactate esters are lactic acid, ethanol / methanol / butanol, and other auxiliary chemicals. Fluctuations in the price of the upstream product will impact on the production cost of lactate esters. The production cost of lactate esters is also an important factor which could impact the price of lactate esters.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents decreasing trend according to the economy development status and international competition. Also, there is decreasing trend in gross margin.
Over the next five years, LPI(LP Information) projects that Lactate Esters will register a 2.4% CAGR in terms of revenue, reach US$ 110 million by 2023, from US$ 92 million in 2017.
Global Lactate Esters Market: Key Players
Corbion
Galactic
Musashino Chemical Laboratory
Vertec BioSolvents
Godavari Biorefineries
Yancheng Hongtai Bioengineering
Huade Biological Engineering
Yibang Industry & Commerce
Haijianuo Bioengineer
Jindan Lactic Acid
Pianguan Shenxia
Shenzhen Esun Industrial
Baisheng Biotechnology
Tianrun Lactic Acid
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Related Information:
United States Lactate Esters Market Research Report 2018
Europe Lactate Esters Market Research Report 2018
North America Lactate Esters Market Research Report 2018
Asia-Pacific Lactate Esters Market Research Report 2018
China Lactate Esters Market Research Report 2018
EMEA Lactate Esters Market Research Report 2018
Global Lactate Esters Market Research Report 2018
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