Global Lactic Acid Market 2017-2021

Published: September 2017
No. of Pages: 81
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Lactic acid is an organic compound found both in the liquid and solid state. Its chemical formula is C3H6O3. It generally consists of a hydroxyl group and a carboxyl group. In the solid state, the acid is generally white in color and is soluble in water. It is produced naturally and synthetically as natural production is cost-effective and raw materials are abundant. Fermentation of carbohydrates, such as lactose, sucrose, and glucose, is the common method used in the production of lactic acid commercially.

The analysts forecast global lactic acid market to grow at a CAGR of 16.73% during the period 2017-2021.

Covered in this report

This report covers the present scenario and the growth prospects of the global lactic acid market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW

This report, Global Lactic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Corbion
  • Cargill
  • Futerro
  • Henan Jindan Lactic Acid Technology
  • Galactic
  • Musashino Chemical Laboratory
  • NatureWorks

Other prominent vendors

  • BASF
  • Bioprox
  • Cellulac
  • Chongqing Bofei Biochemical Products
  • Jungbunzlauer
  • Myriant Corporation
  • Plaxica
  • Syconium Lactic Acid
  • TEIJIN LIMITED
  • The DOW Chemical Company
  • thyssenkrupp
  • Vaishnavi Bio Tech
  • Wuhan Sanjiang Space Good Biotech
  • Yancheng Haijianuo Biological Engineering

Market driver

  • Increase in demand from polylactic acid
  • For a full, detailed list, view our report

Market challenge

  • Lactic acid bacteria in optimizing and controlling metabolic activities
  • For a full, detailed list, view our report

Market trend

  • Increase in consumer awareness toward organic products
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

Published By: Technavio
Product Code: Technavio17343


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