IngeniousReports adds 2018-2023 Global and Regional Lactic Acid Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report in its repository, which expands in 185 pages and covers major regions with the vast list of tables and figures.
Our Research projects that the Lactic Acid market size will grow from USD 2 Billion in 2017 to USD 6 Billion by 2023, at an estimated CAGR of 19%. The polylactic acid market is witnessing a high growth, owing to increasing awareness among consumers and plastic manufacturers regarding the environment.
Key Market Players: BASF SE, Teijin Ltd, The DOW Chemical Company, Corbion N.V, Meredian Holdings Group, Inc, Natureworks LLC, Henan Jindan Lactic Acid Technology Co. Ltd, Synbra Technology B.V, WEI MON Industry Co., Ltd and Galactic S.A.
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Market segment by lactic acid application: Biodegradable Polymers, Food & Beverages, Pharmaceuticals and Personal Care Products.
Market Polylactic Acid Application: Packaging, Agriculture, Automobiles, Electronics and Textiles
Research helps you to:
- To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
- Assess the production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the outlook and prospects for the future market.
- Besides the standard structure reports, we also provide custom research according to specific requirements.
Table of Content:
- Production Market Analysis
- Sales Market Analysis
- Consumption Market Analysis
- Production, Sales and Consumption Market Comparison Analysis
- Major Manufacturers Production and Sales Market Comparison Analysis
- Major Lactic Acid Application Analysis
- Major Polylactic Acid Application Analysis
- Industry Chain Analysis
- Global and Regional Market Forecast
- Major Manufacturers Analysis
- New Project Investment Feasibility Analysis
The increasing demand for environment-friendly products and the high cost of products that are derived from petrochemical feed stocks are estimated to drive the demand for lactic acid. The lactic acid market is mainly driven by its end-use industries.
The growth of the market in the biodegradable polymer industry is projected to primarily be driven by lactic acid-based biodegradable polymers (PLA) and lactate solvents.
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