Lactic Acid Market report published by Value Market Research, which studies the future outlook of the market. It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the lactic acid market include Corbion, NatureWorks LLC, Galactic, Henan Jindan Lactic Acid Technology Co., Ltd., Synbra Technology BV. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
Rising demand from end-use industries is stimulating market growth. Demand for lactic acid is high in the food, material, pharmaceutical, and chemical feedstock industries where it is utilized for the synthesis of lactate esters, propylene glycol, 2,3-pentanedione, and propanoic acid. Current trends toward environmental sustainability and the use of renewable resources such as biomass are anticipated to bring lucrative opportunity for the market. Lactic acid for the production of biodegradable and biocompatible PLA polymers, solvents, and oxygenated chemicals is an area of potential growth. There is a growing demand for green derivatives to replace conventional plastic materials. An extensive number of patents have been filed in recent years. Meanwhile, the use of PLA is still limited due to high production costs, which is hampering the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of lactic acid.
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Market Segmentation
The entire lactic acid market has been sub-categorized into source and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Source
- Natural
- Synthetic
By End-User
- Personal Care
- Chemical
- Pharmaceutical
- Food and Beverage
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for lactic acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
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