World Lactic Acid Market Growth Forecast at 18.6% CAGR to 2020

Dec 21, 2015, 03:00 ET from ReportsnReports

PUNE, India, December 21, 2015 /PRNewswire/ --

The lactic acid market is expected to hit USD 3.82 Billion by 2020, rising at a CAGR of 18.6% during the forecast period with Asia-Pacific projected to grow at the highest CAGR, owing to the increasing demand for lactic acid in this region. The report includes the market dynamics, opportunities, trends, market drivers and restraints as well as the competitive strategies preferred by the key market players.

Complete report on lactic acid market spread across 221 pages, profiling 10 companies and supported with 126 tables and 60 figures is now available at .

In the last few years, the use of lactic acid in biodegradable polymers has been growing significantly, mainly because of the increased consumption of products from natural sources. Emerging application possibilities in the personal care and pharmaceuticals industries are projected to increase the demand significantly in the coming years. The polylactic acid market is also 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.

This report includes profiles and competitive positions of the top market players in the business, financial information, insights about the competitive position of these companies and their recent developments and strategies have also been studied and included in this report.

The global lactic acid market is projected to reach around USD 3.82 billion by 2020, growing at a CAGR of 18.6% during the forecast period. In 2015, the market is estimated to be dominated by North America, followed by Asia-Pacific. The global polylactic acid market is projected to reach around USD 5.16 billion by 2020, growing at a CAGR of 20.9% during the forecast period. In 2015, the market is estimated to be dominated by Europe, followed by North America. The Asia-Pacific market is projected to grow at the highest CAGR due to its large use in various industrial applications such as in biodegradable polymers, food & beverages, personal care products, and pharmaceutical industries.

Leading players of this industry have been profiled with their recent developments and other strategic activities. These include BASF SE, CSM N.V., Meredien Holdings Group, Inc., Natureworks LLC, Henan Jindan Lactic Acid Technology Co. Ltd, The DOW Chemical Company, Synbra Technology B.V., WEI Mon Industry Co., Ltd., Galactic S.A. and Teijin Ltd. Order a copy of 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 research report at .

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help them in garnering a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.

Continuing with related market, another research on Ultra-Pure Sulfuric Acid Market Global Trends and Forecasts to 2020 says, the global ultra-pure sulfuric acid market is projected to reach USD 311.2 million by 2020, registering a CAGR of 6.3% from 2015 to 2020. Semiconductor is the fastest growing application for ultra-pure sulfuric acid and Asia-Pacific is the fastest growing market for ultra-pure sulfuric acid. Companies like BASF S.E., PVS Chemicals Inc., Chemtrade Logistics Inc., KMG Chemicals Inc., INEOS enterprises Ltd., Kanto Chemical Co. inc., Trident Group and the Linde Group have been profiled in this 129 pages research available at .

Explore more reports on Chemicals Market at .

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