Press release
Lactic Acid & Polylactic Acid Market Share, Size, Global Business Growth, Industry Revenue, Demand and Report to 2031
Transparency Market Research delivers key insights on the global lactic acid & polylactic acid market. In terms of revenue, the global lactic acid & polylactic acid market is estimated to expand at a CAGR of 13.7% and a CAGR 15.8%, respectively, during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global lactic acid & polylactic acid market.
๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ -https://www.transparencymarketresearch.com/lactic-acid-and-polylactic-acid-market.html
The global lactic acid & polylactic acid market is broadly affected by several factors, including increase in usage of lactic acid and polylactic acid in various end-use industries such as food & beverages, personal care, pharmaceutical, packaging, textile, automobile, electrical & electronics, agriculture, and construction. The rise in the global demand for calcium lactic acid and polylactic acid, and sodium lactic acid and polylactic acid has boosted the usage of lactic acid and polylactic acid. The increase in production and demand for dust control agents is expected to be the primary driver of the global lactic acid & polylactic acid market. The growth of polymer and packaging industries is also propelling the demand for lactic acid and polylactic acid.
๐๐๐๐ญ๐ข๐ ๐๐๐ข๐ & ๐๐จ๐ฅ๐ฒ๐ฅ๐๐๐ญ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
Lactic acid is an organic acid. It is white in solid state. It is miscible with water. When in the dissolved state, it forms a colorless solution. The production includes artificial synthesis as well as natural sources. Lactic acid is an alpha-hydroxy acid (AHA) due to the presence of a hydroxyl group adjacent to the carboxyl group. It is used as a synthetic intermediate in organic synthesis and biochemical industries. The conjugate base of lactic acid is called lactate.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=83039
The polylactic acid is a thermoplastic polyester obtained by the condensation of lactic with loss of water. Polylactic acid has become a popular material, as it is economically produced from renewable resources. Its widespread application has been hindered by numerous physical and processing shortcomings. Polylactic acid is widely used as plastic filament material in 3D printing.
Lactic acid is used in polymer, food & beverage, personal care, and pharmaceutical industries. The global polymer sector is expected to expand considerably during the forecast period. Thus, the rise in production of polymer, food & beverages, and personal care products is projected to boost the demand for lactic acid during the forecast period.
Polylactic acid is used in packaging, textile, automobile, electrical & electronics, agriculture, and construction industries. The global packaging sector is expected to expand considerably during the forecast period. Thus, rise in production of textile, automobile, electrical & electronics products is anticipated to boost the demand for polylactic acid during the forecast period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=83039
Manufacturers are focusing on the polymer industry, as the share held by this segment is likely to increase during the forecast period.
๐๐๐๐ญ๐ข๐ ๐๐๐ข๐ & ๐๐จ๐ฅ๐ฒ๐ฅ๐๐๐ญ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ ๐ข๐จ๐ง๐ฌ
North America holds major share of the global lactic acid. The lactic acid market in the region is anticipated to expand at a CAGR of more than 13.2% during the forecast period. The increase in the demand for lactic acid and polylactic acid in various end-use industries such as polymer, food & beverages, and pharmaceuticals is driving the lactic acid & polylactic acid market in North America. The U.S. is a key country of the lactic acid & polylactic acid market in North America.
Europe holds the major share of the global polylactic acid. The polylactic acid market in the region is anticipated to expand at a CAGR of more than 14.1% during the forecast period. The increase in demand for lactic acid and polylactic acid in various end-use industries such as packaging, textile, and automobile is driving the lactic acid & polylactic acid market in Europe.
๐๐๐๐ญ๐ข๐ ๐๐๐ข๐ & ๐๐จ๐ฅ๐ฒ๐ฅ๐๐๐ญ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฃ๐จ๐ซ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The global lactic acid & polylactic acid market is consolidated, with the presence of key players. Prominent players operating in the global lactic acid & polylactic acid market include Musashino, CORBION, Galactic, Godavari, Sulzer, BASF SE, NatureWorks LLC, Danimer, Futerro, VIGON INTERNATIONAL, HENAN XINGHAN BIOTECHNOLOGY, COFCO BIOCHEMICAL, and Foodchem International Corporation are focusing on research & development, merger, joint venture, collaboration, and product innovation strategies.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=83039
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ญ๐ข๐ ๐๐๐ข๐ & ๐๐จ๐ฅ๐ฒ๐ฅ๐๐๐ญ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐๐๐ญ๐ข๐ ๐๐๐ข๐ & ๐๐จ๐ฅ๐ฒ๐ฅ๐๐๐ญ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐จ๐ฎ๐ซ๐๐
Corn
Sugarcane
Cassava
Others (including Sugar Beet)
๐๐๐๐ญ๐ข๐ ๐๐๐ข๐ & ๐๐จ๐ฅ๐ฒ๐ฅ๐๐๐ญ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐ ๐จ๐ซ๐ฆ
Powder
Liquid
๐๐๐๐ญ๐ข๐ ๐๐๐ข๐ & ๐๐จ๐ฅ๐ฒ๐ฅ๐๐๐ญ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ง๐-๐ฎ๐ฌ๐
Lactic Acid
Polymer
Food & Beverages
Personal Care
Pharmaceutical
Others (including Polylactic Acid)
Polylactic Acid
Packaging
Textile
Automobile
Electrical & Electronics
Agriculture
Construction
Others (including Biomedical)
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
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Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
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