Press release
Isopropyl Lactate Research:CAGR of 6.8% during the forecast period
The global market for Isopropyl Lactate was estimated to be worth US$ million in 2024 and is forecast to a readjusted size of US$ million by 2031 with a CAGR of %during the forecast period 2025-2031.
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https://www.qyresearch.com/reports/3804526/isopropyl-lactate
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Isopropyl Lactate- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global Isopropyl Lactate market, including market size, share, demand, industry development status, and forecasts for the next few years.
The global market for Isopropyl Lactate was estimated to be worth US$ million in 2024 and is forecast to a readjusted size of US$ million by 2031 with a CAGR of %during the forecast period 2025-2031.
【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】
https://www.qyresearch.com/reports/3804526/isopropyl-lactate
Isopropyl Lactate Market Summary
Isopropyl lactate is a lactate ester with molecular formula C6H12O3 and CAS 617-51-6. It is part of the "lactate esters" family and is commonly positioned as a biodegradable, non-ozone-depleting solvent option in industrial formulations.
Figure00001. Isopropyl Lactate Product Picture
Isopropyl Lactate
Above data is based on report from QYResearch: Global Isopropyl Lactate Market Report 2026-2032 (published in 2026). If you need the latest data, plaese contact QYResearch.
Isopropyl lactate, a bio-based solvent belonging to the lactate ester family, is not primarily marketed for its lower cost, but rather for its superior safety and environmental profile, as well as its ability to dissolve various resins, oils, and formulation components. It is frequently used in applications requiring reduced irritation, lower regulatory risk, or improved sustainability of formulations. Therefore, it finds easier adoption in industrial cleaning, coatings and inks, personal care, and certain fine chemical formulations. Green solvents like lactate esters are being used to replace several traditional solvent systems that raise environmental and occupational health concerns, prompting downstream users to incorporate "compliance and label-friendliness" into their formulation design objectives.
According to the new market research report "Global Isopropyl Lactate Market Report 2026-2032", published by QYResearch, the global Isopropyl Lactate market size is projected to grow from USD 15 million in 2025 to USD 24 million by 2032, at a CAGR of 6.8% during the forecast period.
Figure00002. Global Isopropyl Lactate Market Size (US$ Million), 2021-2032
Isopropyl Lactate
Above data is based on report from QYResearch: Global Isopropyl Lactate Market Report 2026-2032 (published in 2026). If you need the latest data, plaese contact QYResearch.
Figure00003. Global Isopropyl Lactate Top 4 Players Ranking and Market Share (Ranking is based on the revenue of 2025, continually updated)
Isopropyl Lactate
Above data is based on report from QYResearch: Global Isopropyl Lactate Market Report 2026-2032 (published in 2026). If you need the latest data, plaese contact QYResearch.
This report profiles key players of Isopropyl Lactate such as Galactic, Shenzhen Esun Industrial, Yancheng Huade Biological Engineering, Jiangxi Zhongding Biotechnology.
In 2025, the global top three Isopropyl Lactate players account for 85% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Isopropyl Lactate.
Market Drivers:
Performance fit for formulations & processes: Lactate esters are valued for strong solvency-useful for dissolving resins in coatings, inks, and adhesives-while isopropyl lactate also offers a relatively low-volatility profile and broad solubility (water and multiple organic media), supporting compatibility and robust cleaning/formulation windows.
Restraint:
Cost and switching friction: Compared with commodity petro-solvents, greener substitutes often carry a price premium and can require re-optimization and re-qualification of product performance. This "total switching cost" slows adoption even when the environmental case is strong.
Opportunity:
Expanding niche substitutions in industry: Industrial processes (resin treatment, surface cleaning, electronics/semiconductor-adjacent manufacturing) increasingly seek more sustainable solvent options. The established use of lactate esters in coatings/inks/cleaning provides a pathway for isopropyl lactate to capture incremental, application-specific substitution wins.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Isopropyl Lactate market is segmented as below:
By Company
Galactic
Shenzhen Esun Industrial
Yancheng Huade Biological Engineering
Penta Manufacturing Company
Hangzhou Hairui Chemical
Segment by Type
Purity≥98%
Purity
About Us:
QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 19 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.
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