Lactic Acid Ester Market was valued at USD 289.8 million in 2020 and is expected to grow at a CAGR of 7% between 2021 and 2027. Lactic acid esters are key ingredients used as flavor enhancers in foods and beverages such as juices, confectionery products and bakery products. It has the ability to emulsify and enhance flavor by providing a variety of flavors and aromas to food and drink; and acts as a preservative. Lactic esters of mono-and diglycerides of fatty acids appear as white colored powders. This product is used in food to enhance aeration properties and improve foam stabilization. It can be used for cakes and toppings.
Key factors to stimulate market revenue growth include increased demand for green solvents for numerous industrial applications and strict regulatory standards for use of toxic and carcinogenic chemicals. Sales growth in the global market is considerably driven by increased use of lactic acid esters in various industries including paint&coating, electronics, pharmaceutical, Food & Beverage and Personal Care & cosmetics industries. Meanwhile, manufacturers are strengthening the production of ethyl lactic acid, which is mainly used to develop cosmetics and personal care products. They are unlocking opportunities for growth in perfumes, specialty industries and pharmaceutical preparations with the help of ethyl lactate.
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Top Major Key Players Industries
Stepan
Musashino
Corbian
Merck
Henan Jinan Technology
Galactic, Shenzhen Esun
GODAVARI
Zhengzhou Tianrun
QINGDAO ABEL
By Product Type
Ethyl Lactate
Methyl Lactate
Butyl Lactate
Others
By Grade
Food Grade
Medical Grade
Technical Grade
By Application
Food additives
Fragrances
Adhesives & Sealants
Paints & Inks
Solvents
Cleaners
Others
By End-use
Food & Beverage
Pharmaceutical
Paints & Coatings
Personal Care & Cosmetics
Agrochemicals
Electronics
Others
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Scope of the Report
The research study analyzes the global Warehousing Logistics Robots 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
Geographic Coverage
o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume
Key Questions Answered by Warehousing Logistics Robots Market Report
What was the Warehousing Logistics Robots Market size in 2018 and 2021; what are the estimated growth trends and market forecast (2021-2027).
What will be the CAGR of Warehousing Logistics Robots Market during the forecast period (2021-2027)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2021-2027).
Which manufacturer vendor or players in the Warehousing Logistics Robots Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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