Global lactic acid market is expected to generate around USD 10.06 billion by 2025, at a CAGR of around 19.43% between 2019 and 2025. The global lactic acid market is likely to be driven by growing product usage in the end-user industries, such as food, chemical, cosmetics, and pharmaceuticals, in the years ahead.
Lactic Acid Market
The report covers a forecast and an analysis of the lactic acid market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion) and volume (Tons). The study includes drivers and restraints of the Lactic Acid market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Lactic Acid market on a global level.
In order to give the users of this report a comprehensive view of the Lactic Acid market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launches, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolios of various companies according to regions.
The study provides a decisive view of the Lactic Acid market by segmenting the market based on source, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Some key industry players in the global lactic acid market include BASF SE, CSM N.V., The Dow Chemical Company, Teijin Ltd., NatureWorks LLC, Corbion Purac, Jungbunzlauer AG, Musashino Chemical Laboratory, Ltd., Galactic S.A., and Henan Jindan Lactic Acid Co., Ltd., among others.
This report segments the global lactic acid market into: