Press release
Lactic and Poly Lactic Acid Market is Projected to Reach USD 7.94 Billion by 2030, Registering a CAGR of 9.7%
Lactic and Poly Lactic Acid-Market Insights, Size Revenue, Outlook, Overview, and Analysis. The lactic and poly lactic acid market was estimated to be worth USD 3.51 billion in 2021 and is predicted to expand to USD 7.94 billion by 2030, with a CAGR of 9.7% from 2022 to 2030.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐จ๐ฉ๐:
This comprehensive study provides an accurate overview of the worldwide lactic and poly lactic acid market. Comprehensive analyses of sales volume, price, revenue, market share, and important companies are included. The market is further divided into segments by application, raw material, form, and region in the study, which offers a comprehensive picture of the state of the market.
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:
Lactic acid is a white organic compound when solid, and can dissolve in water. In its liquid form, lactic acid has no color. It can be found in nature or made in a lab, being categorized as an alpha-hydroxy acid (AHA) and having an important function in various biochemical reactions. Polylactic acid (PLA) is mainly made from renewable sources such as corn starch and sugarcane, making it a renewable type of plastic. PLA has superior mechanical properties compared to other biodegradable polymers. Polylactic acid (PLA) is a thermoplastic aliphatic polymer made by crystallizing lactic acid to create this bioplastic.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/lactic-and-poly-lactic-acid-market/request-for-sample
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ:
โ The increasing consumer awareness of sustainability and source conservation is driving a rise in demand for natural substances, which is benefiting the growth of the market.
โ The government is focused on resolving these problems and promoting the production of PLA. A key factor fueling the growth of the PLA market is the increased need for eco-friendly plastics in various industries for commercial purposes.
๐๐จ๐ฉ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ:
Because there are so many companies in the market, it is expected to be both competitive and fragmented. Here are the top companies in the lactic and poly lactic acid market:
โข BASF SE
โข Chongqing bofei biochemical products co. ltd.
โข COFCO
โข Corbion Purac
โข Danimer Scientific
โข Futerro
โข Hisun Biomaterials
โข Jiangxi Keyuan Bio-Material Co. Ltd.
โข Nantong Jiuding Biological Engineering Co. Ltd
โข Nature Works LLC Ltd.
โข Unitika Ltd
โข Zhejiang Hisun Biomaterials Co. Ltd.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/lactic-and-poly-lactic-acid-market/inquire-before-buying
๐๐๐๐ญ๐ข๐ ๐๐ง๐ ๐๐จ๐ฅ๐ฒ ๐๐๐๐ญ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
โข The packaging industry is anticipated to account for the greatest market share and it was the fastest-growing segment during the forecast period, in terms of volume and revenue.
โข Corn and sugarcane will account for a large market share in 2021. Emerging as a standout commodity due to its low cost, sustainability, and abundant availability.
โข The North America is estimated to witness favorable growth during the forecast period due to the growth of the region's pharmaceutical and personal care industries.
โข In 2021, China will lead the Asia-Pacific market with nearly XX% revenue share. This is expected to grow owing to increased product demand in end-use sectors such as automotive, transportation, agriculture, consumer electronics, and textiles.
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ข๐ฌ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
According to regional analysis, in 2021, North America held the largest market share. The main reasons for the region's expansion are the availability of other choices, public knowledge about dwindling natural resources, and the existence of inventive firms with strong distribution and supply chain connections. Also, Asia Pacific is anticipated to grow rapidly because of factors like dwindling fossil fuel reserves and rising demand for PLA from emerging markets.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐:
https://www.polarismarketresearch.com/industry-analysis/lactic-and-poly-lactic-acid-market
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:
Polaris Market Research has segmented the lactic and poly lactic acid market report based on by application, by form, by raw material:
Lactic and Poly Lactic Acid, Application Outlook (Revenue - USD Billion, 2022 - 2030)
โข Agriculture
โข Horticulture
โข Consumer Goods
โข Automotive & Transportation
โข Electronics
โข Bio-Medical
โข Packaging
โข Textiles
โข Others
Lactic and Poly Lactic Acid, Form Outlook (Revenue - USD Billion, 2022 - 2030)
โข Films
โข Sheets
โข Coatings
โข Fiber
โข Others
๐๐๐๐ญ๐ข๐ ๐๐ง๐ ๐๐จ๐ฅ๐ฒ ๐๐๐๐ญ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐:
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ญ๐ข๐ ๐๐ง๐ ๐๐จ๐ฅ๐ฒ ๐๐๐๐ญ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
1 Lactic and Poly Lactic Acid - Industry Snapshot
2 Lactic and Poly Lactic Acid Market Dynamics
2.1 Drivers and Opportunities
2.2 Restraints and Challenges
3 Porter's Five Forces Analysis
3.1 Bargaining Power of Suppliers (Moderate)
3.2 Threats of New Entrants: (Low)
3.3 Bargaining Power of Buyers (Moderate)
3.4 Threat of Substitute (Moderate)
3.5 Rivalry among existing firms (High)
4 PESTEL Analysis
5 Lactic and Poly Lactic Acid Market Industry Trends
6 Value Chain Analysis
7 COVID-19 Impact Analysis
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ญ๐ข๐ ๐๐ง๐ ๐๐จ๐ฅ๐ฒ ๐๐๐๐ญ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
1 Key Findings
2 Introduction
1 .Global Lactic and Poly Lactic Acid Market, by Application, 2018 - 2030 (USD Billion)
3 Automotive & Transport
1.Global Lactic and Poly Lactic Acid Market, by Automotive & Transport, by Region, 2018 - 2030 (USD Billion)
4 Agriculture
1.Global Lactic and Poly Lactic Acid Market, by Agriculture, by Region, 2018 - 2030 (USD Billion)
5 Electronics
1.Global Lactic and Poly Lactic Acid Market, by Electronics, by Region, 2018 - 2030 (USD Billion)
6 Horticulture
1. Global Lactic and Poly Lactic Acid Market, by Horticulture, by Region, 2018 - 2030 (USD Billion)
7 Consumer Goods
1. Global Lactic and Poly Lactic Acid Market, by Consumer Goods, by Region, 2018 - 2030 (USD Billion)
8 Bio-Medical
1. Global Lactic and Poly Lactic Acid Market, by Bio-Medical, by Region, 2018 - 2030 (USD Billion)
9 Packaging
1. Global Lactic and Poly Lactic Acid Market, by Packaging, by Region, 2018 - 2030 (USD Billion)
10 Textiles
1. Global Lactic and Poly Lactic Acid Market, by Textiles, by Region, 2018 - 2030 (USD Billion)
11 Others
1. Global Lactic and Poly Lactic Acid Market, by Others, by Region, 2018 - 2030 (USD Billion)
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Nano-Enabled Packaging Market: https://www.polarismarketresearch.com/industry-analysis/nano-enabled-packaging-market
Pectin Market: https://www.polarismarketresearch.com/industry-analysis/pectin-market
Conductive Inks Market: https://www.polarismarketresearch.com/industry-analysis/conductive-inks-market
Flexible Packaging Market: https://www.polarismarketresearch.com/industry-analysis/flexible-packaging-market
Automotive Plastics Market: https://www.polarismarketresearch.com/industry-analysis/automotive-plastics-market
๐๐จ๐ง๐ญ๐๐๐ญ:
Likhil G
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Email: sales@polarismarketresearch.com
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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Lactic acid has a systematic name that is 2hydroxypropionic acid, which is widely existed in nature. Lactic acid is formed when glucose is broken down for energy in the absence of sufficient oxygen.
The United States is the worlds largest consumer market. Its consumptions account for about 30% of the world.China became the worlds second consumer market after 2011, and its accounting for about 25% of the world.
With the continuousโฆ
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Lactic acid (2-hydroxy propanoic acid) is a colorless or some time yellowish, odorless and hygroscopic, sugary and thick chemical liquid. It is generally soluble with other liquids such as water and ethanol. It is found in abundance in nature. It is the most important acid ingredient of acerbic milk and a typical component of animalsโ blood and muscle tissue.
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Lactic acid (2-hydroxy propanoic acid) is a colorless or some time yellowish, odorless and hygroscopic, sugary and thick chemical liquid. It is generally soluble with other liquids such as water and ethanol. It is found in abundance in nature. It is the most important acid ingredient of acerbic milk and a typical component of animalsโ blood and muscle tissue.
To access full report @ http://www.persistencemarketresearch.com/market-research/lactic-acid-poly-lactic-acid-market.asp
Lactic acid are widely used in refinedโฆ
