Monday, 27 July 2015

Lactic Acid Market is Expected to Reach US$ 3,381.8 Mn and Global Polylactic Acid Market is Anticipated to Reach US$ 1,358.1 Mn in 2023 : Transparency Market Research

Lactic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Transparency Market Research has released a new market report titled “Lactic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global lactic acid market was valued at US$ 1,130.4 Mn in 2014 and is projected to reach US$ 3,381.8 Mn in 2023, expanding at a CAGR of 13.0% between 2015 and 2023. On the other hand, the global polylactic acid market was valued at US$ 400.1 Mn in 2014 and is estimated to reach US$ 1,358.1 Mn in 2023, expanding at a CAGR of 14.6% between 2015 and 2023.
Browse the full Lactic Acid Market (Food and Beverage, Personal Care, Pharmaceutical, Biodegradable Plastics and Other End-users) and Polylactic Acid Market (Packaging, Textile, Electronics, Automotive, Biomedical and Other End-users) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023 report at  : http://www.transparencymarketresearch.com/lactic-poly-lactic-acid.html

Lactic acid is one of the key carboxylic acids used in biodegradable plastics and food and beverage industries. It is primarily used as a pH regulator in the food and beverage industry. In addition, lactic acid is employed in personal care and pharmaceutical industries. Growing downstream markets such as bio-based plastics is estimated to result in sustainable growth in the lactic acid market during the forecast period. 
Biodegradable plastics was the largest end-user segment of the lactic acid market with more than 30% share in 2014. It is expected to be the fastest growing segment of the lactic acid market during the forecast period. Food and beverage, personal care, and pharmaceutical segments are also anticipated to account for significantly high share in the lactic acid market in the near future. Increasing demand for bioplastics is likely to augment the demand for biodegradable plastics in the lactic acid market in the near future.
Polylactic acid belongs to the group of bioplastics and is primarily used in packaging, textile, electronics, and various other end-user industries. It is chiefly used in packaging of food and beverages, trays, garbage bags, as well as employed in woven and non-woven textiles. In addition to packaging and textile industries, polylactic acid is utilized in electronics, biomedical, and consumer goods industries. Growing downstream markets such as packaging and biomedical industries would lead to sustainable growth in the polylactic acid market during the forecast period. 
Packaging was the largest end-user segment of the polylactic acid market with a share of over 45% in 2014. It is expected to be the fastest growing segment of the polylactic acid during the forecast period. Textile, electronics, automotive, and biomedical end-user segments are also likely to hold significantly high share in the global polylactic acid market in the near future. Rising demand for polylactic acid in the packaging segment is projected to augment the global demand for polylactic acid in the near future. 
Key players operating in the lactic acid and polylactic acid markets include Corbion NV, NatureWorks LLC, Henan Jindan Lactic Acid Technology Co., Ltd., Archer Daniels Midland Company, Synbra Technology BV, Zhejiang Hisun Biomaterials Co., Ltd., Teijin Ltd., Galactic, and Futerro.
The report segments the global lactic acid and polylactic acid markets as follows:
Lactic Acid Market - End-user Analysis
Food and Beverage
Personal Care
Pharmaceutical 
Biodegradable Plastics
Others (Including detergents, etc.)
Polylactic Acid Market - End-user Analysis
Packaging
Textile
Electronics
Automotive
Biomedical
Others (Including printing, etc.)
Lactic Acid and Polylactic Acid Market - Regional Analysis
North America
U.S.
Rest of North America Browse the full Lactic Acid Market (Food and Beverage, Personal Care, Pharmaceutical, Biodegradable Plastics and Other End-users) and Polylactic Acid Market (Packaging, Textile, Electronics, Automotive, Biomedical and Other End-users) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023 report at  :
Europe
France
Germany
Italy
Netherlands
UK
Rest of Europe
Asia Pacific
China
Japan
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC Countries
South Africa
Rest of MEA
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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