Lactic Acid Global Market by Application, Growth, Data Validation, Analysis and Forecasts to 2022

According to Publisher, the Global Lactic Acid market is estimated to be $1.83 billion in 2015 and is expected to reach $6.25 billion by 2022 growing at a CAGR of 19.1% from 2015 to 2022. Increasing petroleum prices, initiatives for bioplastics, growing environmental awareness and demand for green packaging products are some of the factors anticipated to boost the market growth. Reinforcement of poly lactic acid with other materials creates enormous opportunities in future.

North America is the largest market owing to high concentration of allied industries in this region. Asia Pacific region is poised to grow at the highest CAGR driven by the increasing number of allied industries such as dairy and agriculture, pharmaceuticals, and food & beverages. The growth in Europe is driven by the stringent environmental regulations imposed on the usage of synthetic plastic materials for packaging. Biodegradable polymers formed the largest application for lactic acid owing to the increasing demand of sustainable and biodegradable packaging materials from food and beverages industry. Industrial applications accounted for are expected to dominate the market over the forecast period. This is due to their usage in the advancements of biodegradable polymers and lactate solvents. Personal care is expected to be the fastest growing segment, led by the lactic acid usage in products for skin lightening, anti-wrinkle and anti-aging.

For more information at http://www.reportsweb.com/lactic-acid-global-market-outlook-2016-2022

The key players in the Lactic Acid market include The Dow Chemical Company, Galactic S.A, BASF SE, Danimer Scientific LLC, Natureworks LLC, Corbion Purac, Wei Mon Industry Co. Ltd, Teijin Ltd, Henan Jindan Lactic Acid Technology Co. Ltd, and Synbra Technology B.V.

Applications Covered
- Food and Beverages
- Personal Care
- Pharmaceutical
- Biodegradable Plastics
- Other Applications
o Industrial Applications
o Medical Applications

Request Sample Copy: http://www.reportsweb.com/inquiry&RW0001583467/sample .

Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

8 Company Profiling
8.1 The Dow Chemical Company
8.2 Galactic S.A
8.3 BASF SE
8.4 Danimer Scientific LLC
8.5 Natureworks LLC
8.6 Corbion Purac
8.7 Wei Mon Industry Co. Ltd
8.8 Teijin Ltd
8.9 Henan Jindan Lactic Acid Technology Co. Ltd
8.10 Synbra Technology B.V.

Make an enquiry: http://www.reportsweb.com/inquiry&RW0001583467/buying .

Contact Us:
Call: +1-646-491-9876
Email: sales@reportsweb.com

ReportsWeb.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.

505, 6th floor, Amanora Township,
Amanora Chambers, East Block,
Kharadi Road, Hadapsar, Pune-411028

This release was published on openPR.