The report offers detailed coverage of Lactic Acids industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Lactic Acids by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
Lactic acid has a systematic name that is 2-hydroxypropionic acid, which is widely existed in nature. Lactic acid is formed when glucose is broken down for energy in the absence of sufficient oxygen.
The United States is the world's largest consumer market. Its consumptions account for about 30% of the world.China became the world's second consumer market after 2011, and its accounting for about 25% of the world.
With the continuous development of technology of lactic acid, its capacity, production and consumption have varying degrees of growth.
The main downstream products of lactic acid are PLA, the PLA's expansion will cause the rise of lactic acid consumption, and therefore, consumption growth in industrial application is significantly higher than the others.
The report forecast global Lactic Acids market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.
First, this report covers the present status and the future prospects of the global Lactic Acids market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Corbion-Purac
Cargill
Galactic
Musashino
ADM
Henan Jindan Lactic Acid Technology
B&G
At the same time, we classify Lactic Acids according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
L-lactic Acid
D-lactic Acid
DL-lactic Acid
Market by Application
Industrial Use
Food and Beverage
Pharmaceutical and Personal Care
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Lactic Acids market for the forecast period 2021 - 2025?
• What are the driving forces in the Lactic Acids market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Lactic Acids industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?