Lactic Acid Market Worth 3.82 Billion USD & Polylactic Acid Market Worth 5.16 Billion USD by 2020

PUNE, India, December 3, 2015 /PRNewswire/ --

The report "Lactic Acid Market by Application (Biodegradable Polymer, Food & Beverage, Personal Care & Pharmaceutical) & Polylactic Acid Market by Application (Packaging, Agriculture, Automobile, Electronics, Textile), & by Geography - Global Trends & Forecasts to 2020", published by MarketsandMarkets, The global Lactic Acid Market is projected to reach USD 3.82 Billion by 2020, growing at a CAGR of 18.6% and The Polylactic Acid Market is projected to reach USD 5.16 Billion by 2020, growing at a CAGR of 20.9% during the forecast period.

Browse 126 market data Tables, 60 Figures spread through 221 Pages and in-depth TOC on "Lactic Acid Market"

http://www.marketsandmarkets.com/Market-Reports/polylacticacid-387.html

Early buyers will receive 10% customization on this report. 

The market report defines and segments the snack pellets market with analyses and projections of the market size in terms of value and volume. It also identifies the driving and restraining factors of the market with analyses of the trends, opportunities, restraints, and challenges. The size of the market in key regions North America, Europe, Asia-Pacific, Africa, and the Rest of the World (RoW) has been estimated and projected.

The analysis in the report has been conducted on various market segments derived on the basis of key applications and regions, with respect to the global lactic acid and poly Lactic Acid Market. On the basis of application, the Lactic Acid Market has been segmented into biodegradable polymers, food & beverages, pharmaceuticals, personal care products, and others. The poly Lactic Acid Market has been segmented into packaging, agriculture, automobile, electronics, textiles, and others. On the other hand, the geographical analysis includes all the major regions for lactic and poly lactic acid all across the globe, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The report also includes the key market drivers and inhibitors, along with their impacts in detail.

Ask for Brief Illustration of this Report:  http://www.marketsandmarkets.com/pdfdownload.asp?id=387

The increasing demand for environment-friendly products and the high cost of products that are derived from petrochemical feed stocks are estimated to drive the demand for lactic acid. Lactic acid is used in the production of PLA plastics, which are mainly used in packaging products that comply with the environmental norms. Expansion of the PLA market is projected to fuel the growth of the Lactic Acid Market. The lactic and poly Lactic Acid Market is one of the major markets and is estimated to dominate the chemical industry from 2015 to 2020.

Rising petrochemical prices and limited fossil fuel resources are the key drivers of this market. Government regulations and growing environmental concerns are further fueling the adoption of PLA by the end users of the final products and manufacturers in industries such as packaging, textile, electronics, and transportation.

The global Lactic Acid Market is projected to reach USD 3.82 Billion by 2020, growing at a CAGR of 18.6% during the forecast period. In 2015, North America is estimated to be the largest market for lactic acid. Asia-Pacific is projected to be the fastest-growing market for lactic acid during the forecast period. This market is driven by increasing demands for environment-friendly products and the high cost of products that are derived from petrochemical feed stocks spurs the growth of the Lactic Acid Market.

The global Polylactic Acid Market is projected to reach USD 5.16 Billion by 2020, growing at a CAGR of 20.9% during the forecast period. In 2015, Europe is estimated to be the largest market for polylactic acid. Asia-Pacific is projected to be the fastest-growing market for polylactic acid during the forecast period. Government regulations and growing environmental concerns are the key drivers of the PLA market.

This report is a detailed study of different regional markets, along with an analysis of various applications. It includes profiles and competitive positions of top market players in the business, such as BASF SE (Germany), CSM N.V. (The Netherlands), The Dow Chemical Company (U.S.), Teijin Ltd. (Japan), and NatureWorks LLC (U.S). Apart from the financial information, insights about the competitive position of the companies and their recent developments and strategies have been studied and included in the report.

Browse related reports: 

Acidity Regulators Market By Type (Acetic Acid, Citric Acid, Lactic Acid, Malic Acid, Phosphoric Acid), Application (Beverages, Sauces, Dressings & Condiments, Processed Foods, Bakery & Confectionery) & Geography - Global Trends & Forecasts to 2018
http://www.marketsandmarkets.com/Market-Reports/food-acidulants-market-1072.html

Silage Inoculants & Enzymes Market by Type (Homofermentative & Heterofermentative), Species (Lactobacillus, Pediococcus & Enterococcus), Enzymes (Fibre-digesting & Starch-digesting), Crop-type, & by Geography - Global Trends and Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/silage-inoculants-enzymes-market-261264571.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:

Mr. Rohan
Markets and Markets 
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@http://www.marketsandmarketsblog.com/market-reports/food-and-beverage

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets