Lactic Acid Market Global Trends & Forecasts to 2020- The market is studied on the basis of Biodegradable Polymer, Food & Beverage, Personal Care & Pharmaceutical

Press Release   •   Jan 17, 2017 02:56 EST

Lactic acid-based biodegradable polymers are projected to drive the demand for lactic acid across various industrial applications. The food & beverage segment is the second-largest application for lactic acid and will continue to drive the demand in this market. In this segment, lactic acid is mainly used as an acidulant, pH adjuster, and a preservative. The growth in this segment is projected to be significant as lactic acid is widely used in foods as well as food fortifiers. The lactic acid market is estimated to witness strong demand from these markets as lactic acid will continue to be used in applications such as moisturizers, skin rejuvenating and lightening agents, and anti-acne agents (personal care industry); and dialysis solution mineral preparations, prostheses, surgical sutures, and drug delivery systems (pharmaceuticals). Browse 138 market data tables & 33 figures spread through 259pages and in-depth TOC on "Lactic Acid Market" at http://www.rnrmarketresearch.com/lactic-acid-market-by-application-biodegradable-polymer-food-beverage-personal-care-pharmaceutical-polylactic-acid-market-by-application-packaging-agriculture-automobile-electronics-tex-market-report.html .

This report is a detailed study of different regions and their market sizes, along with an analysis of the lactic acid and polylactic acid market by application. It includes profiles and competitive positions of the top market players in the business, such as BASF SE (Germany), CSM N.V. (The Netherlands), The Dow Chemical Company (U.S.), Teijin Ltd. (Japan), and Nature Works LLC (U.S). Apart from the financial information, insights about the competitive position of these companies and their recent developments and strategies have also been studied and included in this report.

Polylactic acid (PLA) is a transparent plastic made of natural resources. The manufacture of PLA includes fermentation of raw materials such as corn (maize), sugarcane, sugar beet, wheat, and rice to produce lactic acid. This is further polymerized to produce polylactic acid (PLA). The biodegradable nature and the use of bio-based raw materials make PLA an effective plastic polymer across various applications. The majority of PLA applications include packaging, which includes short-lived packaging foils used in yoghurt cups, fruit, vegetable, and meat packaging. Further applications include uses in medical science, agriculture, textiles, and so on.The market for PLA is being driven by increased sustainability and reduced dependence on oil-based products, as there are no other commercially equivalent or better bioplastic alternatives that are currently available. Further technological advancements in the production capabilities and enhancing properties of polymers are projected to fuel the growth. Companies profiled in this report are Basf Se, Corbion Purac, Danimer Scientific Llc, Galactic S.A. ,Henan Jindan Lactic Acid Technology Co., Ltd, Natureworks Llc, Synbra Technology B.V.,Teijin Ltd,The Dow Chemical Company, Wei Mon Industry Co., Ltd.

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The global lactic acid market is projected to reach around USD 3.82 billion by 2020, growing at a CAGR of 18.6% during the forecast period. In 2015, the market is estimated to be dominated by North America, followed by Asia-Pacific. The global polylactic acid market is projected to reach around USD 5.16 billion by 2020, growing at a CAGR of 20.9% during the forecast period. In 2015, the market is estimated to be dominated by Europe, followed by North America. The Asia-Pacific market is projected to grow at the highest CAGR due to its large use in various industrial applications such as in biodegradable polymers, food & beverages, personal care products, and pharmaceutical industries.

The report provides both qualitative and quantitative analysis of the global lactic acid and polylactic acid market. It includes the market dynamics, opportunities, trends, market drivers and restraints as well as the competitive strategies preferred by the key market players.

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Scope Of The Report

This report focuses on the markets for lactic acid and polylactic acid (PLA), which are respectively segmented on the basis of applications and geography.

Lactic acid market

On the basis of application:

Biodegradable polymers, Food & beverages, Personal care products, Pharmaceuticals, Others

On the basis of geography:

North America, Europe, Asia-Pacific, RoW

Polylactic acid (PLA) market

On the basis of application:

Packaging, Agriculture, Automobile, Electronics, Textile, Others

On the basis of geography:

North America, Europe, Asia-Pacific, RoW

From an insight perspective, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the global lactic acid and polylactic acid market, high-growth regions and countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help them in garnering a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on lactic acid and polylactic acid products offered by the top 10 players in the global market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the global lactic acid and polylactic acid market.
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyses the markets for various application of global lactic acid and polylactic acid market.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global lactic acid and polylactic market.
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the global lactic acid and polylactic acid market.

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