Lactic Acid Market Worth US$ 4 Billion by 2022

New York, April 25: Market Research Engine has published a new report titled as “Lactic Acid Market By Application Analysis (Lactic acid (Biodegradable polymers, Pharmaceuticals, Food and beverages, Personal care products); Polylactic acid (Packaging, Automobile, Agriculture, Electronics, Textiles)) and By Regional Analysis – Global Forecast by 2016 - 2022”

How Big is the Global Lactic Acid Market and Global Polylactic Acid Market?

The Global Lactic Acid Market is expected to exceed more than US$ 4 billion by 2022 and will grow at a CAGR of more than 18% in the given forecast period.

The Global Polylactic acid Market is expected to exceed more than US$ 7 billion by 2022 and will grow at a CAGR of more than 20.5% in the given forecast period.

Browse Full Report: https://www.marketresearchengine.com/lactic-acid-market

Lactic acid is a drab or some time yellowish, odorless and hygroscopic, sugary and thick chemical liquid. It's usually soluble with other drinks consisting of water and ethanol. It’s observed in abundance in nature. It is the most essential acid component of acerbic milk and an average aspect of animals’ blood and muscle tissues. Lactic acid are broadly utilized in refined dairy products, preservative, flavoring, leather-based processing, fabric dyeing, manufacturing of biodegradable polymers which include poly lactic acid (pla), in plastics manufacturing, solvents, inks, and as a source of calcium lactate in prescription drugs industry. Lactic acid is likewise a first-rate supply for manufacturing of a number of the other chemicals along with lactate esters, propylene glycol propylene oxide, propanoic acid acetaldehyde, acrylic acid, 2,3-pentanedione, and dilactide.


The major driving factors of Global Lactic Acid Market are as follows:

• Increase in end user applications
• Growth in require for lactic acid based personal care products

The major driving factors of Polylactic Acid Market are as follows:

• Rising customer preference for eco friendly packaging
• Increasing crude oil costs

The restraining factors of Global Lactic Acid Market are as follows:

• Price competitiveness beside conventional polymers

The restraining factors of Polylactic Acid Market are as follows:

• Instability of raw material cost

The Global Lactic Acid Market is segmented on the lines of its application and regional. Application is further segmented into lactic acid and poly lactic acid. Lactic acid is classified into biodegradable polymers, pharmaceuticals, food and beverages and personal care products. The Global Lactic Acid Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:

1) An overview of the global market for lactic acid and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2022.

3) Identifications of new market opportunities and targeted promotional plans for Global Lactic Acid Market.

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.


REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets for Global Lactic Acid Market with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include BASF SE (Germany), CSM N.V. (The Netherlands), The Dow Chemical Company (U.S.), Teijin Ltd. (Japan), and NatureWorks LLC (U.S).Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Global Lactic Acid Market has been segmented as below:

By Application Analysis

• Lactic acid
o Biodegradable polymers
o Pharmaceuticals
o Food and beverages
o Personal care products
o Others

• Polylactic acid
o Packaging
o Automobile
o Agriculture
o Electronics
o Textiles
o Others


By Regional Analysis

• North America
• Europe
• Asia-Pacific
• Rest of the World

Reasons to Buy this Report:

1) Obtain the most up to date information available on all Global Lactic Acid Market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Global Lactic Acid Market data.
4) Assess your competitor’s refining portfolio and its evolution.

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This release was published on openPR.