Lactic Acid Market is Expected To Be Worth US$ 4 Billion Globally By 2022

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.

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 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.

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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.

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

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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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