About Lactic Acid
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.
Technavio’s analysts forecast the global lactic acid market to grow at a CAGR of 16.73% during the period 2017-2021.
Covered in this report
The 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
Technavio's 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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Global lactic acid market
PART 05: Market landscape
• Global lactic acid market
• Five forces analysis
PART 06: Market segmentation by application
• Global lactic acid market segmentation by application
• Global lactic acid market in biodegradable polymers
• Global lactic acid market in food and beverages
• Global lactic acid market in personal care
• Global lactic acid market in pharmaceuticals
• Global lactic acid market in others
PART 07: Geographical segmentation
• Global lactic acid market segmentation by region
• Lactic acid market in North America
• Lactic acid market in Europe
• Lactic acid market in APAC
• Lactic acid market in ROW
PART 08: Decision framework
PART 09: Drivers and challenges
• Market drivers
• Market challenges
PART 10: Market trends
• Increase in consumer awareness toward organic products
• Development of new applications to manufacture volatile phenols
• Development of new applications to manufacture lactate esters
PART 11: Vendor landscape
• Competitive scenario
• Other prominent vendors
PART 12: Key vendor analysis
• Corbion
• Cargill
• Futerro
• Henan Jindan Lactic Acid Technology
• Galactic
• Musashino Chemical Laboratory
• NatureWorks
PART 13: Appendix
• List of abbreviations
List of Exhibits
Exhibit 01: Types of biomaterials
Exhibit 02: Global lactic acid market 2016 and 2021 ($ millions)
Exhibit 03: Market forecast: Global lactic acid market 2016-2021
Exhibit 04: Five forces analysis
Exhibit 05: Global lactic acid market by application 2016
Exhibit 06: Global lactic acid market by application 2021
Exhibit 07: Global lactic acid market by application 2016 and 2021
Exhibit 08: Global lactic acid market in biodegradable polymers segment 2016 and 2021 ($ millions)
Exhibit 09: Market forecast: Global lactic acid market in biodegradable polymers segment 2016-2021
Exhibit 10: Global lactic acid market in food and beverages segment 2016 and 2021 ($ millions)
Exhibit 11: Market forecast: Global lactic acid market in food and beverages segment 2016-2021
Exhibit 12: Global lactic acid market in personal care segment 2016 and 2021 ($ millions)
Exhibit 13: Market forecast: Global lactic acid market in personal care segment 2016-2021
Exhibit 14: Global lactic acid market in pharmaceuticals segment 2016 and 2021 ($ millions)
Exhibit 15: Market forecast: Global lactic acid market in pharmaceuticals segment 2016-2021
Exhibit 16: Global lactic acid market in others segment 2016 and 2021 ($ millions)
Exhibit 17: Market forecast: Global lactic acid market in others segment 2016-2021
Exhibit 18: Global lactic acid market by region 2016
Exhibit 19: Global lactic acid market by region 2021
Exhibit 20: Global lactic acid market by region 2016 and 2021
Exhibit 21: Lactic acid market in North America 2016 and 2021 ($ millions)
Exhibit 22: Market forecast: Lactic acid market in North America 2016-2021
Exhibit 23: Lactic acid market in Europe in 2016 and 2021 ($ millions)
Exhibit 24: Market forecast: Lactic acid market in Europe region 2016-2021
Exhibit 25: Lactic acid market in APAC 2016 and 2021 ($ millions)
Exhibit 26: Market forecast: Lactic acid market in APAC 2016-2021
Exhibit 27: Lactic acid market in ROW 2016 and 2021 ($ millions)
Exhibit 28: Market forecast: Lactic acid market in ROW 2016-2021
Exhibit 29: Global polylactic consumption by region 2016
Exhibit 30: Global skin care consumption by region 2016
Exhibit 31: Corbion: Business segmentation by revenue 2016
Exhibit 32: Corbion: Geographical segmentation by revenue 2016
Exhibit 33: Corbion: Lactic acid products
Exhibit 34: Cargill: Product application
Exhibit 35: Futerro products
Exhibit 36: Futerro products in lactic acid
Exhibit 37: Henan Jindan Lactic Acid Technology products
Exhibit 38: Henan Jindan Lactic Acid Technology in lactic acid
Exhibit 39: Galactic products
Exhibit 40: Galactic products portfolio in lactic acid
Exhibit 41: Musashino Chemical Laboratory products
Exhibit 42: Musashino Chemical Laboratory products in lactic acid
Exhibit 43: NatureWorks products
Exhibit 44: NatureWorks products in lactic acid
