Global Ethyl Lactate Market 2017 Segment, Value, Key Players, Market Overview and Forecast

The Ethyl Lactate Market was valued around USD 651.32 million in 2012 and is expected to reach approximately USD 1530.62 million by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 7.99% during the forecast period. Ethyl lactate also termed lactic acid ethyl ester, is a monobasic ester composed from lactic acid and ethanol, regularly utilized as a dissolvable liquid. This compound is viewed as biodegradable and can be utilized as a water-rinsable degreaser. It is naturally present in small amounts in a number of foods like chicken, wine and different kinds of fruits. The scents of ethyl lactate when diluted are gentle, rich, and creamy, with hints of fruit and coconut. Ethyl lactate is commonly created from organic sources. Ethyl lactate is additionally delivered mechanically from petrochemical stocks, and this ethyl lactate comprises of the racemic blend of levo and dextro frames. It is widely used as a solvent in coatings, cosmetic, fragrance, pharmaceutical, food production and detergents.

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In light of the composition, each compound including ethyl lactate can be either blends or unadulterated substances. Since the enantiomers are available in nature, and as ethyl lactate is easily biodegradable, it goes under green dissolvable. Owing to this it has a few more preferences when contrasted with numerous other solubilizing specialists which are organic based. Comprehensively, the interest for baked items is expanding, and this supports the food grade ethyl lactate portion to develop, since it is broadly utilized for enhancing flavor and to make biscuits and breads soft in surface. Ethyl lactate for the electronic grade is utilized for cleansing electronic circuit board particularly the plasma etch residues in semiconductors and microelectronics. Additionally, it is also useful as an ingredient in resin cleaners, developing coatings, graffiti removers, paint strippers, inks and ink removers. Besides these, it is utilized in industrial coatings applications, specifically in containers and closures, extrusions, containers and closures, fixtures and wood furniture and automotive finishes.

On the basis of product the ethyl lactate market is segmented into Pharmaceutical Grade, Industrial Grade, Electronic Grade and Food Grade. On the basis of application the market is segmented into Food & Beverage, Electronics, Paints & Inks and Pharmaceutical. The leading market players in the market are Vertec BioSolvents, Shenzhen Esun Industrial Co. Ltd, Yancheng Huade Biological Engineering Co. Ltd., ADM, Henan Jindan Lactic Acid Technology Co., Ltd, QINGDAO ABEL TECHNOLOGY CO., LTD, and Musashino Chemical Laboratory. Geographically, the market is segmented into Asia Pacific, Europe, North America and Rest of the world.

Key findings of the Ethyl lactate market

In 2012 the demand of the ethyl lactate market was USD 651.32 million and is anticipated to boost on account of its extensive usage in a wide range of applications.
The demand for baked items is expanding globally which is foreseen to have a positive influence on the food grade ethyl lactate market as it is extensively utilized for improving the flavor and texture of biscuits and bread.
The extensive usage of ethyl lactate in the industrial grade for fixtures and wood furniture, containers and closures, automotive finishes and extrusions is projected to spur the demand of the product.
Ethyl lactate comprises of food grade and industrial grade which represents 29% and 49% of the global ethyl lactate market respectively.

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Key Market Players:

Vertec BioSolvents
Shenzhen Esun Industrial Co. Ltd
Yancheng Huade Biological Engineering Co. Ltd.
ADM
Henan Jindan Lactic Acid Technology Co. Ltd
QINGDAO ABEL TECHNOLOGY CO. LTD
Musashino Chemical Laboratory

Table of Contents:

Introduction
Executive Summary
Market Overview
Ethyl Lactate Market, By Product
Ethyl Lactate Market, By Application
Ethyl Lactate Market, By Region
Company Profiles

List of Tables:

Table 1.Ethyl Lactate Market, By Product ($Million), 2012-2022
Table 2.Food Grade Ethyl Lactate Market, By Region ($Million), 2012-2022
Table 3.Pharmaceutical Grade Ethyl Lactate Market, By Region ($Million), 2012-2022
Table 4.Industrial Grade Ethyl Lactate Market, By Region ($Million), 2012-2022
Table 5.Electronic Grade Ethyl Lactate Market, By Region ($Million), 2012-2022
Table 6.Ethyl Lactate Market, By Application ($Million), 2012-2022
Table 7.Electronics Market, By Region ($Million), 2012-2022
Table 8.Food & Beverage Market, By Region ($Million), 2012-2022
Table 9.Pharmaceutical Market, By Region ($Million), 2012-2022
Table 10.Paints & Inks Market, By Region ($Million), 2012-2022

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