The Global Lactic Acid Market size was valued at USD 2.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8% from 2021 to 2027.
Lactic acid is usually found in sour milk and refers to an acid that is also produced in muscle tissue when a person exercises. The acid is colorless or yellow in color and is also made by fermenting potato, molasses, and corn starch. Synthetic and natural processing is possible, and it is widely used for personal care, polylactic acid, food and beverage, personal care, etc.
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Market Segments
Lactic acid: By Form
- Liquid
- Form
Lactic acid: By Application
- Biodegradable polymers
- Food & Beverages
- Personal care products
- Pharmaceutical products
Key Players
- BASF SE
- Galactic
- Musashino Chemical (China) Co., Ltd.
- Futerro
- Corbion
- Dow
- TEIJIN LIMITED
Scope of the Report
The research study analyzes the global Lactic Acid industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Lactic Acid Market is available at: https://www.orionmarketreports.com/lactic-acid-market/62424/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Lactic Acid Market Report
1. What was the Lactic Acid Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Lactic Acid Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Lactic Acid Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Lactic Acid market.
- The market share of the global Lactic Acid market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Lactic Acid market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Lactic Acid market.
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