Global Lactic Acid Market by Raw Material (Corn, Sugarcane), by Application (Biodegradable Polymers, Food & Beverages, Pharmaceutical Products), By Form (Liquid, Dry), and Regional Forecasts 2020-2027

  • Product Code:
    RP-ID-10346929
  • Published Date:
    22 Feb 2021
  • Region:
    Global
  • Pages:
    200
  • Category:
    Chemicals
  • Publisher:
    Pub-ID-14

Impact Analysis on the Growth of Market

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Global Lactic Acid Market is valued approximately at USD 0.98 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.8% over the forecast period 2020-2027. A chemical by-product of anaerobic respiration is lactic acid, or lactate, a mechanism by which cells create energy without oxygen around them. In yogurt and our guts, bacteria generate lactic acid. There is lactic acid present in our blood, where muscle and red blood cells deposit it. The market growth of lactic acid can be attributed to a substantial rise in the use of lactic acid in biodegradable polymers, primarily due to increased consumer awareness and increased use of biodegradable plastic packaging in the food application market. The use of lactic acid in the food and beverage industry, with the advancement of new technology, helps to avoid food quality degradation. In recent years, the demand for lactic acid and polylactic acid has seen emerging trends, and this is evident from the advances and advancements in various end-user applications, such as biopolymers, food & beverages, packaging, personal care & cosmetics, and pharmaceuticals. According to a report published by European Bioplastics in partnership with the Nova-Institute (Germany), it is expected that global production capacity for bioplastics will rise from almost 2.11 million tons in 2018 to about 2.62 million tons in 2023. In the manufacturing of many industrial products, lactic acid plays a significant role as a catalyst. Lactic acid has traditionally been consumed in bulk by the food & beverages, biopolymers, textiles, packaging, and personal care & cosmetics industries, as it is increasingly used as a replacement for hazardous chemicals and plastics, the lactic acid market has seen significant growth. However, the market face restraints due to the lack of capital or the technology and facilities needed for the extraction and fermentation of high-quality lactic acid, the use of lactic acid in small & medium enterprises has been a challenge and this factor could hamper the growth of the lactic acid market.


The regional analysis of global Lactic Acid market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to US Environmental Protection Agency (EPA), playing a key role in the monitoring and commercialization of chemical products. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027, because of the high demand of biodegradable packaging thus, it would create lucrative growth prospects for the Clamp-on Lactic Acid market across Asia-Pacific region.

Major market player included in this report are:

Corbion
DuPont
Cargill
Galactic
DOW
Unitika
Henan Jindan Lacic Acid Technology Co., Ltd.
Sulzer
Mushashino Chemical
Vigon International

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Raw Material:
Corn
Sugarcane
By Application:
Biodegradable Polymers
Food & Beverages
Pharmaceutical Products
By Form
Liquid
Dry
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Lactic Acid Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Lactic Acid Market, by Region, 2018-2027 (USD Billion)
1.2.2. Lactic Acid Market, by Raw Material, 2018-2027 (USD Billion)
1.2.4 Lactic Acid Market, by Application, 2018-2027 (USD Billion)
Lactic Acid Market, by Form, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Lactic Acid Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Processing Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Lactic Acid Market Dynamics
3.1. Lactic Acid Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Lactic Acid Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Lactic Acid Market, by Raw Material
5.1. Market Snapshot
5.2. Global Lactic Acid Market by Raw Material, Preproduction - Potential Analysis
5.3. Global Lactic Acid Market Estimates & Forecasts by Raw Material 2017-2027 (USD Billion)
5.4. Lactic Acid Market, Sub Segment Analysis
5.4.1. Sugarcane
5.4.2. Corn

Chapter 6. Global Lactic Acid Market, by Application
6.1. Market Snapshot
6.2. Global Lactic Acid Market by Application, Preproduction - Potential Analysis
6.3. Global Lactic Acid Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Lactic Acid Market, Sub Segment Analysis
6.4.1. Biodegradable Polymers
6.4.2. Food & Beverages
6.4.3. Pharmaceutical Products
Chapter 7. Global Lactic Acid Market, by Form
7.1. Market Snapshot
7.2. Global Lactic Acid Market by Form, Preproduction - Potential Analysis
7.3. Global Lactic Acid Market Estimates & Forecasts by Form 2017-2027 (USD Billion)
7.4. Lactic Acid Market, Sub Segment Analysis
7.4.1. Dry
7.4.2. Liquid

Chapter 8. Global Lactic Acid Market, Regional Analysis
8.1. Lactic Acid Market, Regional Market Snapshot
8.2. North America Lactic Acid Market
8.2.1. U.S. Lactic Acid Market
8.2.1.1. Raw Material breakdown estimates & forecasts, 2017-2027
8.2.1.2. Application breakdown estimates & forecasts, 2017-2027
8.2.1.3. Form breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Lactic Acid Market
8.3. Europe Lactic Acid Market Snapshot
8.3.1. U.K. Lactic Acid Market
8.3.2. Germany Lactic Acid Market
8.3.3. France Lactic Acid Market
8.3.4. Spain Lactic Acid Market
8.3.5. Italy Lactic Acid Market
8.3.6. Rest of Europe Lactic Acid Market
8.4. Asia-Pacific Lactic Acid Market Snapshot
8.4.1. China Lactic Acid Market
8.4.2. India Lactic Acid Market
8.4.3. Japan Lactic Acid Market
8.4.4. Australia Lactic Acid Market
8.4.5. South Korea Lactic Acid Market
8.4.6. Rest of Asia Pacific Lactic Acid Market
8.5. Latin America Lactic Acid Market Snapshot
8.5.1. Brazil Lactic Acid Market
8.5.2. Mexico Lactic Acid Market
8.6. Rest of The World Lactic Acid Market


Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Corbion
9.2.1.1. Key InProductation
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. DuPont
9.2.3. Cargill
9.2.4. Galactic
9.2.5. DOW
9.2.6. Unitika
9.2.7. Henan Jindan Lacic Acid Technology
9.2.8. Sulzer
9.2.9. Mushashino Chemical
9.2.10. Vigon International
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
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Corbion
DuPont
Cargill
Galactic
DOW
Unitika
Henan Jindan Lacic Acid Technology Co., Ltd.
Sulzer
Mushashino Chemical
Vigon International
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