Press release
Lactic Acid 2017 Global Market Expected to Grow at CAGR 16.73 % and Forecast to 2021
Lactic Acid Market
About Lactic Acid
Lactic acid is an organic compound found both in the liquid and solid state. Its chemical formula is C3H6O3. It generally consists of a hydroxyl group and a carboxyl group. In the solid state, the acid is generally white in color and is soluble in water. It is produced naturally and synthetically as natural production is cost-effective and raw materials are abundant. Fermentation of carbohydrates, such as lactose, sucrose, and glucose, is the common method used in the production of lactic acid commercially.
Technavio’s analysts forecast the global lactic acid market to grow at a CAGR of 16.73% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global lactic acid market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
• ROW
Technavio's report, Global Lactic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market..
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Key vendors
• Corbion
• Cargill
• Futerro
• Henan Jindan Lactic Acid Technology
• Galactic
• Musashino Chemical Laboratory
• NatureWorks
Other prominent vendors
• BASF
• Bioprox
• Cellulac
• Chongqing Bofei Biochemical Products
• Jungbunzlauer
• Myriant Corporation
• Plaxica
• Syconium Lactic Acid
• TEIJIN LIMITED
• The DOW Chemical Company
• thyssenkrupp
• Vaishnavi Bio Tech
• Wuhan Sanjiang Space Good Biotech
• Yancheng Haijianuo Biological Engineering
Market driver
• Increase in demand from polylactic acid
• For a full, detailed list, view our report
Market challenge
• Lactic acid bacteria in optimizing and controlling metabolic activities
• For a full, detailed list, view our report
Market trend
• Increase in consumer awareness toward organic products
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Complete Report Details @ https://www.wiseguyreports.com/reports/2331676-global-lactic-acid-market-2017-2021
Table Of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Global lactic acid market
PART 05: Market landscape
• Global lactic acid market
• Five forces analysis
PART 06: Market segmentation by application
• Global lactic acid market segmentation by application
• Global lactic acid market in biodegradable polymers
• Global lactic acid market in food and beverages
• Global lactic acid market in personal care
• Global lactic acid market in pharmaceuticals
• Global lactic acid market in others
PART 07: Geographical segmentation
• Global lactic acid market segmentation by region
• Lactic acid market in North America
• Lactic acid market in Europe
• Lactic acid market in APAC
• Lactic acid market in ROW
PART 08: Decision framework
PART 09: Drivers and challenges
• Market drivers
• Market challenges
PART 10: Market trends
• Increase in consumer awareness toward organic products
• Development of new applications to manufacture volatile phenols
• Development of new applications to manufacture lactate esters
PART 11: Vendor landscape
• Competitive scenario
• Other prominent vendors
PART 12: Key vendor analysis
• Corbion
• Cargill
• Futerro
• Henan Jindan Lactic Acid Technology
• Galactic
• Musashino Chemical Laboratory
• NatureWorks
PART 13: Appendix
• List of abbreviations
List of Exhibits
Continued…….
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Lactic acid are widely used in refined…
