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Lactic Acid and Polylactic Acid Market – Growth, Trends and Forecasts (2019 - 2025)

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Title: Lactic Acid and Polylactic Acid Market – Growth, Trends and Forecasts (2019 - 2025)


1
Global Lactic Acid and Polylactic Acid Market
Size 2017
  • By End-Use Lactic Acid (Industrial, Food And
    Beverages, Pharmaceuticals, Personal Care) And
    Polylactic Acid (Packaging, Agriculture,
    Electronics, Textiles), By Region And Forecast
    From 2018 To 2025

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2
Global Lactic Acid and Polylactic Acid Market to
Grow with 17.2 CAGR over Next Eight Years
  • A publication on the Global Lactic acid and
    Polylactic Acid Market Size 2017, End-Use
    Analysis for Lactic Acid (Industrial, Food And
    Beverages, Pharmaceuticals, Personal Care)
    Polylactic Acid (Packaging, Agriculture,
    Electronics, Textiles), Region And Forecast,
    2018-2025 was published by Adroit Market
    Research. The report includes market estimations
    and forecast for global lactic acid and
    polylactic acid market size between 2015 and
    2025.
  • The research study also includes lactic acid
    market size and forecast at a regional and
    country level. Analytical models such as PESTEL
    and Porters Five Forces are also given for the
    global lactic acid and polylactic acid market.
    Furthermore, the study includes global lactic
    acid and polylactic acid market dynamics
    including drivers, restraints, and opportunities.
    The report provides an exhaustive study on the
    global lactic acid market growth. The report also
    separately covers the global poly lactic acid
    market trends. The report is tailored in a manner
    which gives an overview of polylactic acid and
    its monomer lactic acid at a global, regional and
    country level deep dive.
  • The global lactic acid and polylactic acid market
    size, together, are anticipated to be valued at
    USD 5.48 billion in 2025. Lactic acid is an
    organic acid that finds several applications
    across diverse industry verticals such as food
    beverage, pharmaceutical, personal care among
    others.
  • Browse the complete report on _at_
    https//www.adroitmarketresearch.com/industry-repo
    rts/lactic-acid-and-polylactic-acid-market

3
Global Lactic Acid and Polylactic Acid Market to
Grow with 17.2 CAGR over Next Eight Years
  • Polylactic acid, a polymer of lactic acid, is
    among the most widely adopted bioplastics which
    find application in packaging, textiles,
    electronics, and agriculture among others.
    Growing usage across end-user industries coupled
    with growing adoption for bioplastics is
    projected to boost the growth for global lactic
    acid and polylactic acid market over the forecast
    period.
  • Polylactic acid is produced by polymerization of
    lactic acid, is regarded among the innovative
    bioplastics that are propelling the demand for
    bioplastics industry. Polylactic acid, among
    other bioplastics, is an alternative for the
    traditional plastics which exhibits properties of
    traditional plastics coupled with benefits of
    being biodegradable in nature. Therefore, owing
    to this, polylactic acid (PLA) market is
    witnessing remarkable growth across the globe.
  • Regional analysis of global lactic acid and
    polylactic acid market shows that Asia Pacific is
    projected to witness significant growth with CAGR
    19.1 over the forecast period. Rapid
    industrialization coupled with rapid economic
    growth is supporting the demand for lactic and
    polylactic acid in the region. China is projected
    to dominate the region, both in terms of
    production and consumption. Europe and North
    America are also projected to show steady growth
    owing to the high adoption of bioplastics due to
    stringent environmental regulations.
  • Cargill, Inc., Galactic, CELLULAC, NatureWorks
    LLC, Synbra Technology bv, and Weforyou GmbH are
    some of the key players of the global lactic acid
    and polylactic acid market. Owing to the robust
    demand, key players, especially polylactic acid
    manufacturers, are expanding their production
    capacity in order to cater to the growing
    customer base. For instance, in December 2018,
    Total Corbian, a joint venture between Total and
    Corbian, commenced production of polylactic acid
    with a capacity of 75,000 tons in Rayong,
    Thailand.

4
Key segments of the global lactic acid and
polylactic acid market
  • Lactic Acid End Use Overview, 2015-2025 (USD
    Million) (Kilo Tons)
  • Industrial applications
  • Food and beverages
  • Pharmaceuticals
  • Personal care products
  • Others
  • Polylactic Acid End Use Overview, 2015-2025 (USD
    Million) (Kilo Tons)
  • Packaging
  • Agriculture
  • Electronics
  • Textiles
  • Others
  • Lactic Acid And Polylactic Acid Regional
    Overview, 2015-2025 (USD Million) (Kilo Tons)
    North America, Europe, Asia Pacific, Latin
    America, Middle East Africa
  • Purchase a single user copy of the global Lactic
    Acid And Polylactic Acid market report _at_
    https//www.adroitmarketresearch.com/researchrepor
    t/purchase/742

5
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
  • US Headquarters3131 McKinney Ave Ste 600
    Dallas, TX 75204 ,U.S.A 
  • Phone 1 (214) 884-6068
  • Email sales_at_adroitmarketresearch.com
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