Press release
Lactic Acid Market to Reach US$ 4 Billion by 2022
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.Browse Full Report @: https://www.marketresearchengine.com/lactic-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 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.
Table of Contents
1 INTRODUCTION
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Lactic Acid Market
5.2.2 Polylactic Acid (Pla) Market
5.3 Core Industry Analysis
5.3.1 Industrial Biotechnology-Based Chemicals
5.4 Lactic Acid Market Dynamics
5.4.1 Drivers
5.4.1.1 Growth in End-User Applications
5.4.1.2 Increase in Demand for Lactic Acid-Based Personal Care Products
5.4.2 Restraints
5.4.2.1 Volatility of Raw Material Prices
5.4.3 Opportunities
5.4.3.1 Growing Application of Lactic Acid for Manufacturing of Polylactic Acid
5.4.4 Challenges
5.4.4.1 Infrastructural Challenges in Developing Countries
5.5 Polylactic Acid Market Dynamics
5.5.1 Drivers
5.5.1.1 Increasing Consumer Preference for Eco-Friendly Packaging
5.5.1.2 Rising Crude Oil Prices
5.5.2 Restraints
5.5.2.1 Price Competitiveness Against Conventional Polymers
5.5.3 Opportunities
5.5.3.1 Production of Pla From Lignocellulose Feedstocks
5.5.3.2 Increasing Scope of Applications in End-User Industries
5.5.4 Challenge
5.5.4.1 Increasing Demand for Bio-Based Ingredients
5.6 Evolution of Lactic Acid Market
5.7 Evolution of Polylactic Acid Market
6 Industry Trends
7 Lactic Acid Market, By Application
8 Polylactic Acid Market, By Application
10 Polylactic Acid Market, By Region
11 Competitive Landscape
12 Company Profiles
12.1 Introduction
12.2 BASF SE
12.3 Teijin Ltd
12.4 The DOW Chemical Company
12.5 Corbion N.V.
12.6 Meredian Holdings Group, Inc.
12.7 Natureworks LLC
12.8 Henan Jindan Lactic Acid Technology Co. Ltd
12.9 Synbra Technology B.V.
12.10 WEI MON Industry Co., Ltd.
12.11 Galactic S.A.
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