The Lactic Acid Market is Estimated to Grow at a CAGR of 18.6% From 2015 to Reach USD 3.82 Billion by 2020

Dec 09, 2015, 04:45 ET from Research and Markets

DUBLIN, December 9, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/qhj88r/lactic_acid) has announced the addition of the "Lactic Acid Market - Global Trends & Forecasts to 2020" report to their offering. 

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The lactic acid market is estimated to grow at a CAGR of 18.6% from 2015 to reach USD 3.82 Billion by 2020. In 2015, this market is estimated to be dominated by North America, followed by Europe. The Asia-Pacific market is projected to grow at the highest CAGR due to large use in various industrial applications such as in biodegradable polymers, food & beverages, personal care products, and pharmaceutical industries.

The global market for lactic acid is witnessing high growth, which was mainly achieved by the growing demand from its end-use applications. 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. 

The lactic acid market is mainly driven by its end-use industries. The growth of the market in the biodegradable polymer industry is projected to primarily be driven by lactic acid-based biodegradable polymers (PLA) and lactate solvents. The polylactic acid market is witnessing a high growth, owing to increasing awareness among consumers and plastic manufacturers regarding the environment, coupled with support from government legislations and increasing landfill waste in various regions. Polylactic acid is not only a biodegradable polymer, but is also a completely bio-based polymer. 

Key Topics Covered: 

1 Introduction 

2 Research Methodology 

3 Executive Summary 

4 Premium Insights 

5 Market Overview 

6 Industry Trends 

7 Lactic Acid Market, By Application 

8 Polylactic Acid Market, By Application 

9 Lactic Acid Market, By Region 

10 Polylactic Acid Market, By Region 

11 Competitive Landscape 

12 Company Profiles 

  • Basf SE
  • Corbion N.V.
  • Galactic S.A.
  • Henan Jindan Lactic Acid Technology Co. Ltd
  • Meredian Holdings Group, Inc.
  • Natureworks Llc
  • Synbra Technology B.V.
  • Teijin Ltd
  • The Dow Chemical Company
  • Wei Mon Industry Co., Ltd.

For more information visit http://www.researchandmarkets.com/research/qhj88r/lactic_acid

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