Press release
Lactic Acid Market to Grow at 8.89% by 2028: Key Players, SWOT, Porter's Analysis, Market Size & Forecast till 2028
“The global lactic acid market size is expected to reach $6.73 Billion by 2028 growing at the CAGR of 8.89% from 2021 to 2028..”, based on the report published by Evolve Business Intelligence in March 2021.
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The recent COVID scenario impacted the Lactic Acid market positively. Due to the increasing spread of Coronavirus, several companies are working with a limited workforce leading to delays in work/production. This has impacted the market in the years 2020 and 2021.
The Lactic Acid market is segmented based on several segments including raw material outlook, application outlook. The study includes a comprehensive value chain analysis, defines porter's five forces, as well as provides details on the key factors affecting the market growth (drivers, constraints/challenges, and opportunities).
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The report includes 10 key players in the Lactic Acid market ecosystem that have been strategically profiled, along with the market ranking/share for major players. The key players profiled in the report are:
• Corbion
• DuPont
• Cargill
• Galactic
• DOW
• Unitika
• Henan Jindan Lacic Acid Technology
• Sulzer
• Mushashino Chemical
• Vigon International
Furthermore, for the above-mentioned companies, the Lactic Acid market report demonstrates their business overview, financials revenues, and research and development. Additionally, the report also provides the competitive landscape for the market players, and the strategies adopted by them to grow in the Lactic Acid market (partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion).
Report Parameters
• Base Year: 2020
• Estimated: 2021
• Forecast: 2022 to 2028 (This period can be changed in the customization)
• Compound Annual Growth Rate (CAGR) Period: 2021 to 2028
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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