Press release
Global Lactic Acid Market Become Dominant At CAGR Of 16.73% By 2021
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.
Technavios analysts forecast the global lactic acid market to grow at a CAGR of 16.73% during the period 2017-2021.
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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.
Key vendors
Corbion
Cargill
Futerro
Henan Jindan Lactic Acid Technology
Galactic
Musashino Chemical Laboratory
NatureWorks
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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?
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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
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