The future of the lactic acid market looks promising with opportunities in the lactic acid, biodegradable polymer, food and beverage, pharmaceutical, and personal care product application segments. The global lactic acid market is expected to grow with a CAGR of 18% from 2019 to 2024. The major growth drivers for this market are growth in end use applications, increase in demand for lactic acid-based personal care products, growing consumer preference for eco-friendly packaging, and rising crude oil prices.
A report of more than 150 pages is developed to help in your business decisions. To learn the scope of, benefits, companies researched and other details of the lactic acid market, then read this report.
The study includes the lactic acid market size and forecast for the global lactic acid market through 2024, segmented by application, raw material, source, and region as follows:
By Application [$M shipment analysis for 2013-2024]:
By Raw Material [$M shipment analysis for 2013-2024]:
By Source [$M shipment analysis for 2013-2024]:
By Region [$M shipment analysis for 2013-2024]:
Some of the lactic acid companies profiled in this report include BASF SE , Teijin, The DOW Chemical, Corbion N.V., Meridian, Natureworks, Henan Jindan, Synbra, WEI MON, and Galactic.
Some of the features of 'Global Lactic Acid Market 2019-2024: Trends, Forecast, and Opportunity Analysis' include
This report answers the following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global lactic acid market by application: (biodegradable polymers, food and beverages, pharmaceuticals, and personal care products), raw material (corn, sugarcane, cassava, and other), source (natural and synthetic), and region: (North America, Europe, Asia-Pacific, and ROW?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the lactic acid market?
Q.5 What are the business risks and threats to the lactic acid market?
Q.6 What are the emerging trends in the lactic acid market and the reasons behind them?
Q.7 What are some changing demands of customers in the lactic acid market?
Q.8 What are the new developments in the lactic acid market? Which companies are leading these developments?
Q.9 Who are the major players in the lactic acid market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the lactic acid area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in the lactic acid market?
A report of more than 150 pages is developed to help in your business decisions. To learn the scope of, benefits, companies researched and other details of the lactic acid market, then read this report.
The study includes the lactic acid market size and forecast for the global lactic acid market through 2024, segmented by application, raw material, source, and region as follows:
By Application [$M shipment analysis for 2013-2024]:
- Biodegradable Polymers
- Food and Beverages
- Pharmaceuticals
- Personal Care Products
- Other (Polylactic Acid, Packaging, Agriculture, Electronics, and Textiles)
By Raw Material [$M shipment analysis for 2013-2024]:
- Corn
- Sugarcane
- Cassava
- Other
By Source [$M shipment analysis for 2013-2024]:
- Natural
- Synthetic
By Region [$M shipment analysis for 2013-2024]:
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- Rest of the World
- Brazil
Some of the lactic acid companies profiled in this report include BASF SE , Teijin, The DOW Chemical, Corbion N.V., Meridian, Natureworks, Henan Jindan, Synbra, WEI MON, and Galactic.
Some of the features of 'Global Lactic Acid Market 2019-2024: Trends, Forecast, and Opportunity Analysis' include
- Market size estimates: Global lactic acid market size estimation in terms of value ($M) shipment.
- Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by segments and region.
- Segmentation analysis: Global lactic acid market size by application, raw material, source, and region.
- Regional analysis: Global lactic acid market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions for lactic acid in the global lactic acid market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape for lactic acid in the global lactic acid market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global lactic acid market by application: (biodegradable polymers, food and beverages, pharmaceuticals, and personal care products), raw material (corn, sugarcane, cassava, and other), source (natural and synthetic), and region: (North America, Europe, Asia-Pacific, and ROW?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the lactic acid market?
Q.5 What are the business risks and threats to the lactic acid market?
Q.6 What are the emerging trends in the lactic acid market and the reasons behind them?
Q.7 What are some changing demands of customers in the lactic acid market?
Q.8 What are the new developments in the lactic acid market? Which companies are leading these developments?
Q.9 Who are the major players in the lactic acid market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the lactic acid area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in the lactic acid market?
Table of Contents
1. Executive Summary
*Full List of Figures and Tables Available on Enquiry. 2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2013 to 2024
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
A selection of companies mentioned in this report includes:
- BASF SE
- Teijin
- The DOW Chemical
- Corbion N.V.
- Meridian
- Natureworks
- Henan Jindan
- Synbra Technology
- WEI MON Industry
- Galactic
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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