Global Lactic Acid Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2015 to 2022

  • ID: 4313302
  • Report
  • Region: Global
  • Acute Market Reports
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lactic acid Market was valued USD 1,275.00 million In 2014, and is projected to reach USD 4,129.19 million by 2022 growing at a CAGR of 16.9% from 2015 to 2022. In terms of volume in 2014 the global market for lactic acid was 750.00 kilo tons and is projected to reach 1,844.56 kilo tons by 2022 growing at a CAGR of 12.9% from 2015 to 2022.

The global market for lactic acid is witnessing growth on the back of increasing applications of lactic acid for manufacturing of polylactic acid (PLA). In addition, rising demand from other end user industries such as personal care products and food and beverages are other factors contributing towards the market growth. However, volatility in the prices of raw material is the major factor restraining the market growth. Rising demand for eco-friendly packaging and increasing scope of applications of lactic acid in end user industries are the factors which will provide huge market potential.

In 2014, food and beverages application accounted for the largest share of the market pie followed by industrial applications. Food and beverages segment accounted for more than 40% share of the pie in 2014. But, industrial applications is projected to be the fastest growing application of lactic acid. It is projected to grow at a CAGR of 18.3% from 2015 to 2022.

North America is the largest market for lactic acid and is projected to grow at a CAGR of 13.1% from 2015 to 2022 in terms of volume. The market is driven by growing PLA market and rising demand from the other established end uses continues to increase. Asia Pacific market is projected to be the fastest growing market at a CAGR of 17.5% from 2015 to 2022 in terms of revenue. Japan and China will be the major contributor towards the market growth. European market is projected to grow at a moderate growth rate.

Globally, Purac, Cargill and Henan Jindan Lactic Acid Technology Co., Ltd are the top three manufacturers of lactic acid. BASF SE, The DOW Chemical Company, Corbion N.V., and Synbra Technology B.V. are the other major players present in this market.
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Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 Usp and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I - Secondary Research
1.3.2 Phase II - Primary Research
1.3.3 Phase III - Expert Panel Review
1.3.4 Approach Adopted
1.3.5 Key Points

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Lactic Acid Market

Chapter 3 Introduction
3.1 Introduction
3.2 Classification
3.3 Drivers
3.4 Restraints
3.5 Opportunities
3.6 Supply Chain
3.7 Porter’s Five Force Analysis
3.7.1 Bargaining Power of Suppliers
3.7.2 Bargaining Power of Buyers
3.7.3 Threat of New Entrants
3.7.4 Threat of Substitutes
3.7.5 Degree of Competition

Chapter 4 Global Lactic Acid Market, Application Analysis
4.1 Global Lactic Acid Market, by Application Type
4.3 Food & Beverages
4.3.1 Global Demand of Lactic Acid from Food & Beverages Applications, 2014 - 2022, USD Million), (Kilo Tons)
4.4 Pharmaceuticals
4.4.1 Global Demand of Lactic Acid from Pharmaceuticals Applications, 2014 - 2022, (USD Million), (Kilo Tons)
4.5 Industrial Applications
4.5.1 Global Demand of Lactic Acid from Industrial Applications, 2014 - 2022, (USD Million), (Kilo Tons)
4.6 Personal Care Products
4.6.1 Global Demand of Lactic Acid from Personal Care Products Applications, 2014 - 2022, (USD Million), (Kilo Tons)
4.2 Others
4.2.1 Global Demand of Lactic Acid from Others Applications, 2014 - 2022, (USD Million), (Kilo Tons)

Chapter 5 Global Lactic Acid Market, Regional Analysis
5.1 Global Lactic Acid Market, Regional Analysis, (2014 - 2022)
5.2 North America
5.2.1 Us Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.2.2 Canada Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.2.3Mexico Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.3 Europe
5.3.1 Germany Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.3.2 France Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.3.3 Uk Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.3.4 Italy Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.3.5 Russia Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.3.6 Rest of Europe Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.4 Asia Pacific
5.4.1 Japan Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.4.2 China Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.4.3 India Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.4.4 Australia Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.4.5 Rest of Asia Pacific Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.5 Row
5.5.1 Brazil Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
5.5.2 Rest of Row Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)

Chapter 6 Competitive Analysis
6.1 Basf
6.2 Jungbunzlauer
6.3 Natureworks Llc
6.4 Archer Daniels Midland Company
6.5 Galactic S.A
6.6 Synbra Technology B.V
6.7 the Dow Chemical Company
6.8 Corbion N.V
6.9 Teijin Ltd
6.10 Plaxica

Chapter 7 Conclusion

List of Figures
Figure 1 Global Lactic Acid: Market Segmentation
Figure 2 Global Lactic Acid Demand from Food & Beverages Application, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 3 Global Lactic Acid Demand from Pharmaceuticals Application, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 4 Global Lactic Acid Demand from Industrial Application, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 5 Global Lactic Acid Demand from Personal Care Products Application, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 6 Global Lactic Acid Demand from Others Application, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 7 Global Lactic Acid Market, Regional Analysis, (2014 V/S 2022)
Figure 8 U.S. Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 9 Canada Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 10 Mexico Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 11 Germany Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 12 France Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 13 Uk Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 14 Italy Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 15 Russia Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 16 Rest of Europe Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 17 Japan Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 18 China Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 19 India Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 20 Australia Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 21 Rest of Asia Pacific Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 22 Brazil Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)
Figure 23 Rest of Row Lactic Acid Market, 2014 - 2022, (USD Million), (Kilo Tons)

List of Tables
Table 1 Market Snapshot: Global Lactic Acid Market
Table 2 North America Lactic Acid Market, Strategic Snapshot
Table 3 North America Lactic Acid Market Volume by Region, 2014-2022, (Kilo Ton)
Table 4 North America Lactic Acid Market Revenue by Region, 2014-2022, (USD Million)
Table 5 North America Lactic Acid Market Volume by Application Type, 2014-2022, (Kilo Tons)
Table 6 North America Lactic Acid Market Revenue by Application Type, 2014-2022, (USD Million)
Table 7 Europe Lactic Acid Market, Strategic Snapshot
Table 8 Europe Lactic Acid Market Volume by Region, 2014-2022, (Kilo Ton)
Table 9 Europe Lactic Acid Market Revenue by Region, 2014-2022, (USD Million)
Table 10 Europe Lactic Acid Market Volume by Application Type, 2014-2022, (Kilo Tons)
Table 11 Europe Lactic Acid Market Revenue by Application Type, 2014-2022, (USD Million)
Table 12 Asia Pacific Lactic Acid Market, Strategic Snapshot
Table 13 Asia Pacific Lactic Acid Market Volume by Region, 2014-2022, (Kilo Ton)
Table 14 Asia Pacific Lactic Acid Market Revenue by Region, 2014-2022, (USD Million)
Table 15 Asia Pacific Lactic Acid Market Volume by Application Type, 2014-2022, (Kilo Tons)
Table 16 Asia Pacific Lactic Acid Market Revenue by Application Type, 2014-2022, (USD Million)
Table 17 Row Lactic Acid Market, Strategic Snapshot
Table 18 Row Lactic Acid Market Volume by Region, 2014-2022, (Kilo Ton)
Table 19 Row Lactic Acid Market Revenue by Region, 2014-2022, (USD Million)
Table 20 Row Lactic Acid Market Volume by Application Type, 2014-2022, (Kilo Tons)
Table 21 Row Lactic Acid Market Revenue by Application Type, 2014-2022, (USD Million)
Table 22 Competitive Analysis
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