Global Lactic Acid Market 2017-2025 – Growth Trends, Key Players, Competitive Strategies and Forecasts – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global
Lactic Acid Market Size, Market Share, Application Analysis, Regional
Outlook, Growth Trends, Key Players, Competitive Strategies and
Forecasts, 2015 to 2022” report to their offering.

The global market for lactic acid was 750.00 kilo tons and is projected
to reach 1,844.56 kilo tons by 2022 growing at a CAGR of 12.9% from 2015
to 2022.

The global market for lactic acid is witnessing growth on the back of
increasing applications of lactic acid for manufacturing of polylactic
acid (PLA). In addition, rising demand from other end user industries
such as personal care products and food and beverages are other factors
contributing towards the market growth. However, volatility in the
prices of raw material is the major factor restraining the market
growth. Rising demand for eco-friendly packaging and increasing scope of
applications of lactic acid in end user industries are the factors which
will provide huge market potential.

In 2014, food and beverages application accounted for the largest share
of the market pie followed by industrial applications. Food and
beverages segment accounted for more than 40% share of the pie in 2014.
But, industrial applications is projected to be the fastest growing
application of lactic acid. It is projected to grow at a CAGR of 18.3%
from 2015 to 2022.

North America is the largest market for lactic acid and is projected to
grow at a CAGR of 13.1% from 2015 to 2022 in terms of volume. The market
is driven by growing PLA market and rising demand from the other
established end uses continues to increase. Asia Pacific market is
projected to be the fastest growing market at a CAGR of 17.5% from 2015
to 2022 in terms of revenue. Japan and China will be the major
contributor towards the market growth. European market is projected to
grow at a moderate growth rate.

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Introduction

Chapter 4 Global Lactic Acid Market, Application Analysis

Chapter 5 Global Lactic Acid Market, Regional Analysis

Chapter 6 Competitive Analysis

• BASF
• Jungbunzlauer
• Natureworks Llc
• Archer Daniels Midland Company
• Galactic S.A
• Synbra Technology B.V
• The Dow Chemical Company
• Corbion N.V
• Teijin Ltd
• Plaxica

For more information about this report visit https://www.researchandmarkets.com/research/3n8b8s/global_lactic

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