New York, July 17, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Lactic Acid Industry" - https://www.reportlinker.com/p098320/?utm_source=GNW
5 Billion by 2027, growing at a CAGR of 17.7% over the analysis period 2020-2027.Polylactic Acid, one of the segments analyzed in the report, is projected to grow at a 15.4% CAGR to reach US$2.3 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Food & Beverages segment is readjusted to a revised 19.3% CAGR for the next 7-year period. This segment currently accounts for a 25.2% share of the global Lactic Acid market.
The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 22.4% CAGR for the Period of 2020-2027
The Lactic Acid market in the U.S. is estimated at US$821.6 Million in the year 2020. The country currently accounts for a 26.95% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.2 Billion in the year 2027 trailing a CAGR of 22.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13% and 15.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.9% CAGR while Rest of European market (as defined in the study) will reach US$2.2 Billion by the year 2027.
Industrial Segment Corners a 20% Share in 2020
In the global Industrial segment, USA, Canada, Japan, China and Europe will drive the 17.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$458.4 Million in the year 2020 will reach a projected size of US$1.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2027, while Latin America will expand at a 20.2% CAGR through the analysis period. We bring years of research experience to this 19th edition of our report. The 179-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
-Competitors identified in this market include, among others,
- Galactic S.A.
- Henan Jindan Lactic Acid Co. Ltd.
- Musashino Chemical Laboratory Ltd.
- NatureWorks LLC
Read the full report: https://www.reportlinker.com/p098320/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
A Primer
Recent Market Activity
Lactic Acid Market Poised for Phenomenal Growth
PLA Manufacture: The Largest End-use Market of Lactic Acid
Food & Beverage: A Major Consumer of Lactic Acid
Competitive Landscape
Global Competitor Market Shares
Lactic Acid Competitor Market Share Scenario Worldwide (in %):
2020 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Corbion Purac (The Netherlands)
Galactic S.A. (Belgium)
Henan Jindan Lactic Acid Co., Ltd. (China)
Jungbunzlauer AG (Switzerland)
Musashino Chemical Laboratory, Ltd. (Japan)
NatureWorks LLC (USA)
3. MARKET TRENDS & DRIVERS
EU Permit for Lactic Acid Decontaminant in Bovine Carcasses
Opens Doors for US Meat Exporters
Need to Reduce Dependence on Fossil Fuel: A Major Influencing
Factor
Green Image and Strong Chemical Properties Fuels Demand for PLA
Resins
PLA Market Remains Relatively Consolidated
Bioplastics Producers Come Under Fire for Undermining Food
Production
Manufacturers Strive to Overcome Shortcomings of PLA Resins
Trend towards Green Packaging: Opportunities for Lactic Acid
Market
Technological Developments Create Opportunities for Market Growth
Efforts Underway to Develop End-Life Solution for PLA Products
Increasing Demand for Greener Cosmetic Chemicals Favors Lactic
Acid Market
Lactic Acid Derivatives Gain Traction in Booming Green Solvents
Market
Fermentation Remains Primary Production Process
New Raw Materials Being Explored for Production of Lactic Acid
4. GLOBAL MARKET PERSPECTIVE
Table 1: Lactic Acid Global Market Estimates and Forecasts in
US$ Million by Region/Country: 2020-2027
Table 2: Lactic Acid Global Retrospective Market Scenario in
US$ Million by Region/Country: 2012-2019
Table 3: Lactic Acid Market Share Shift across Key Geographies
Worldwide: 2012 VS 2020 VS 2027
Table 4: Polylactic Acid (Application) Global Opportunity
Assessment in US$ Million by Region/Country: 2020-2027
Table 5: Polylactic Acid (Application) Historic Sales Analysis
in US$ Million by Region/Country: 2012-2019
Table 6: Polylactic Acid (Application) Percentage Share
Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS
2027
Table 7: Food & Beverages (Application) Worldwide Sales in US$
Million by Region/Country: 2020-2027
Table 8: Food & Beverages (Application) Historic Demand
Patterns in US$ Million by Region/Country: 2012-2019
Table 9: Food & Beverages (Application) Market Share Shift
across Key Geographies: 2012 VS 2020 VS 2027
Table 10: Industrial (Application) Global Market Estimates &
Forecasts in US$ Million by Region/Country: 2020-2027
Table 11: Industrial (Application) Retrospective Demand
Analysis in US$ Million by Region/Country: 2012-2019
Table 12: Industrial (Application) Market Share Breakdown by
Region/Country: 2012 VS 2020 VS 2027
Table 13: Personal Care (Application) Demand Potential
Worldwide in US$ Million by Region/Country: 2020-2027
Table 14: Personal Care (Application) Historic Sales Analysis
in US$ Million by Region/Country: 2012-2019
Table 15: Personal Care (Application) Share Breakdown Review by
Region/Country: 2012 VS 2020 VS 2027
Table 16: Pharmaceuticals (Application) Worldwide Latent Demand
Forecasts in US$ Million by Region/Country: 2020-2027
Table 17: Pharmaceuticals (Application) Global Historic
Analysis in US$ Million by Region/Country: 2012-2019
Table 18: Pharmaceuticals (Application) Distribution of Global
Sales by Region/Country: 2012 VS 2020 VS 2027
Table 19: Other Applications (Application) Sales Estimates and
Forecasts in US$ Million by Region/Country for the Years 2020
through 2027
Table 20: Other Applications (Application) Analysis of Historic
Sales in US$ Million by Region/Country for the Years 2012 to
2019
Table 21: Other Applications (Application) Global Market Share
Distribution by Region/Country for 2012, 2020, and 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Lactic Acid Market Share (in %) by Company: 2020 & 2025
Market Analytics
Table 22: United States Lactic Acid Latent Demand Forecasts in
US$ Million by Application: 2020 to 2027
Table 23: Lactic Acid Historic Demand Patterns in the United
States by Application in US$ Million for 2012-2019
Table 24: Lactic Acid Market Share Breakdown in the United
States by Application: 2012 VS 2020 VS 2027
CANADA
Table 25: Canadian Lactic Acid Market Quantitative Demand
Analysis in US$ Million by Application: 2020 to 2027
Table 26: Lactic Acid Market in Canada: Summarization of
Historic Demand Patterns in US$ Million by Application for
2012-2019
Table 27: Canadian Lactic Acid Market Share Analysis by
Application: 2012 VS 2020 VS 2027
JAPAN
Table 28: Japanese Demand Estimates and Forecasts for Lactic
Acid in US$ Million by Application: 2020 to 2027
Table 29: Japanese Lactic Acid Market in US$ Million by
Application: 2012-2019
Table 30: Lactic Acid Market Share Shift in Japan by
Application: 2012 VS 2020 VS 2027
CHINA
Table 31: Chinese Demand for Lactic Acid in US$ Million by
Application: 2020 to 2027
Table 32: Lactic Acid Market Review in China in US$ Million by
Application: 2012-2019
Table 33: Chinese Lactic Acid Market Share Breakdown by
Application: 2012 VS 2020 VS 2027
EUROPE
Market Facts & Figures
European Lactic Acid Market: Competitor Market Share Scenario
(in %) for 2020 & 2025
Market Analytics
Table 34: European Lactic Acid Market Demand Scenario in US$
Million by Region/Country: 2020-2027
Table 35: Lactic Acid Market in Europe: A Historic Market
Perspective in US$ Million by Region/Country for the Period
2012-2019
Table 36: European Lactic Acid Market Share Shift by
Region/Country: 2012 VS 2020 VS 2027
Table 37: European Lactic Acid Addressable Market Opportunity
in US$ Million by Application: 2020-2027
Table 38: Lactic Acid Market in Europe: Summarization of
Historic Demand in US$ Million by Application for the Period
2012-2019
Table 39: European Lactic Acid Market Share Analysis by
Application: 2012 VS 2020 VS 2027
FRANCE
Table 40: Lactic Acid Quantitative Demand Analysis in France in
US$ Million by Application: 2020-2027
Table 41: French Lactic Acid Historic Market Review in US$
Million by Application: 2012-2019
Table 42: French Lactic Acid Market Share Analysis: A 17-Year
Perspective by Application for 2012, 2020, and 2027
GERMANY
Table 43: Lactic Acid Market in Germany: Annual Sales Estimates
and Forecasts in US$ Million by Application for the Period
2020-2027
Table 44: German Lactic Acid Market in Retrospect in US$
Million by Application: 2012-2019
Table 45: Lactic Acid Market Share Distribution in Germany by
Application: 2012 VS 2020 VS 2027
ITALY
Table 46: Italian Demand for Lactic Acid in US$ Million by
Application: 2020 to 2027
Table 47: Lactic Acid Market Review in Italy in US$ Million by
Application: 2012-2019
Table 48: Italian Lactic Acid Market Share Breakdown by
Application: 2012 VS 2020 VS 2027
UNITED KINGDOM
Table 49: United Kingdom Demand Estimates and Forecasts for
Lactic Acid in US$ Million by Application: 2020 to 2027
Table 50: United Kingdom Lactic Acid Market in US$ Million by
Application: 2012-2019
Table 51: Lactic Acid Market Share Shift in the United Kingdom
by Application: 2012 VS 2020 VS 2027
SPAIN
Table 52: Spanish Lactic Acid Market Quantitative Demand
Analysis in US$ Million by Application: 2020 to 2027
Table 53: Lactic Acid Market in Spain: Summarization of
Historic Demand Patterns in US$ Million by Application for
2012-2019
Table 54: Spanish Lactic Acid Market Share Analysis by
Application: 2012 VS 2020 VS 2027
RUSSIA
Table 55: Russian Lactic Acid Latent Demand Forecasts in US$
Million by Application: 2020 to 2027
Table 56: Lactic Acid Historic Demand Patterns in Russia by
Application in US$ Million for 2012-2019
Table 57: Lactic Acid Market Share Breakdown in Russia by
Application: 2012 VS 2020 VS 2027
REST OF EUROPE
Table 58: Rest of Europe Lactic Acid Addressable Market
Opportunity in US$ Million by Application: 2020-2027
Table 59: Lactic Acid Market in Rest of Europe: Summarization
of Historic Demand in US$ Million by Application for the Period
2012-2019
Table 60: Rest of Europe Lactic Acid Market Share Analysis by
Application: 2012 VS 2020 VS 2027
ASIA-PACIFIC
Table 61: Asia-Pacific Lactic Acid Market Estimates and
Forecasts in US$ Million by Region/Country: 2020-2027
Table 62: Lactic Acid Market in Asia-Pacific: Historic Market
Analysis in US$ Million by Region/Country for the Period
2012-2019
Table 63: Asia-Pacific Lactic Acid Market Share Analysis by
Region/Country: 2012 VS 2020 VS 2027
Table 64: Lactic Acid Quantitative Demand Analysis in
Asia-Pacific in US$ Million by Application: 2020-2027
Table 65: Asia-Pacific Lactic Acid Historic Market Review in
US$ Million by Application: 2012-2019
Table 66: Asia-Pacific Lactic Acid Market Share Analysis:
A 17-Year Perspective by Application for 2012, 2020, and 2027
AUSTRALIA
Table 67: Lactic Acid Market in Australia: Annual Sales
Estimates and Forecasts in US$ Million by Application for the
Period 2020-2027
Table 68: Australian Lactic Acid Market in Retrospect in US$
Million by Application: 2012-2019
Table 69: Lactic Acid Market Share Distribution in Australia by
Application: 2012 VS 2020 VS 2027
INDIA
Table 70: Indian Lactic Acid Market Quantitative Demand
Analysis in US$ Million by Application: 2020 to 2027
Table 71: Lactic Acid Market in India: Summarization of
Historic Demand Patterns in US$ Million by Application for
2012-2019
Table 72: Indian Lactic Acid Market Share Analysis by
Application: 2012 VS 2020 VS 2027
SOUTH KOREA
Table 73: Lactic Acid Market in South Korea: Recent Past,
Current and Future Analysis in US$ Million by Application for
the Period 2020-2027
Table 74: South Korean Lactic Acid Historic Market Analysis in
US$ Million by Application: 2012-2019
Table 75: Lactic Acid Market Share Distribution in South Korea
by Application: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
Table 76: Rest of Asia-Pacific Demand Estimates and Forecasts
for Lactic Acid in US$ Million by Application: 2020 to 2027
Table 77: Rest of Asia-Pacific Lactic Acid Market in US$
Million by Application: 2012-2019
Table 78: Lactic Acid Market Share Shift in Rest of
Asia-Pacific by Application: 2012 VS 2020 VS 2027
LATIN AMERICA
Table 79: Latin American Lactic Acid Market Trends by
Region/Country in US$ Million: 2020-2027
Table 80: Lactic Acid Market in Latin America in US$ Million by
Region/Country: A Historic Perspective for the Period 2012-2019
Table 81: Latin American Lactic Acid Market Percentage
Breakdown of Sales by Region/Country: 2012, 2020, and 2027
Table 82: Latin American Demand for Lactic Acid in US$ Million
by Application: 2020 to 2027
Table 83: Lactic Acid Market Review in Latin America in US$
Million by Application: 2012-2019
Table 84: Latin American Lactic Acid Market Share Breakdown by
Application: 2012 VS 2020 VS 2027
ARGENTINA
Table 85: Argentinean Lactic Acid Addressable Market
Opportunity in US$ Million by Application: 2020-2027
Table 86: Lactic Acid Market in Argentina: Summarization of
Historic Demand in US$ Million by Application for the Period
2012-2019
Table 87: Argentinean Lactic Acid Market Share Analysis by
Application: 2012 VS 2020 VS 2027
BRAZIL
Table 88: Lactic Acid Quantitative Demand Analysis in Brazil in
US$ Million by Application: 2020-2027
Table 89: Brazilian Lactic Acid Historic Market Review in US$
Million by Application: 2012-2019
Table 90: Brazilian Lactic Acid Market Share Analysis:
A 17-Year Perspective by Application for 2012, 2020, and 2027
MEXICO
Table 91: Lactic Acid Market in Mexico: Annual Sales Estimates
and Forecasts in US$ Million by Application for the Period
2020-2027
Table 92: Mexican Lactic Acid Market in Retrospect in US$
Million by Application: 2012-2019
Table 93: Lactic Acid Market Share Distribution in Mexico by
Application: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
Table 94: Rest of Latin America Lactic Acid Latent Demand
Forecasts in US$ Million by Application: 2020 to 2027
Table 95: Lactic Acid Historic Demand Patterns in Rest of Latin
America by Application in US$ Million for 2012-2019
Table 96: Lactic Acid Market Share Breakdown in Rest of Latin
America by Application: 2012 VS 2020 VS 2027
MIDDLE EAST
Table 97: The Middle East Lactic Acid Market Estimates and
Forecasts in US$ Million by Region/Country: 2020-2027
Table 98: Lactic Acid Market in the Middle East by
Region/Country in US$ Million: 2012-2019
Table 99: The Middle East Lactic Acid Market Share Breakdown by
Region/Country: 2012, 2020, and 2027
Table 100: The Middle East Lactic Acid Market Quantitative
Demand Analysis in US$ Million by Application: 2020 to 2027
Table 101: Lactic Acid Market in the Middle East: Summarization
of Historic Demand Patterns in US$ Million by Application for
2012-2019
Table 102: The Middle East Lactic Acid Market Share Analysis by
Application: 2012 VS 2020 VS 2027
IRAN
Table 103: Iranian Demand Estimates and Forecasts for Lactic
Acid in US$ Million by Application: 2020 to 2027
Table 104: Iranian Lactic Acid Market in US$ Million by
Application: 2012-2019
Table 105: Lactic Acid Market Share Shift in Iran by
Application: 2012 VS 2020 VS 2027
ISRAEL
Table 106: Israeli Lactic Acid Addressable Market Opportunity
in US$ Million by Application: 2020-2027
Table 107: Lactic Acid Market in Israel: Summarization of
Historic Demand in US$ Million by Application for the Period
2012-2019
Table 108: Israeli Lactic Acid Market Share Analysis by
Application: 2012 VS 2020 VS 2027
SAUDI ARABIA
Table 109: Saudi Arabian Demand for Lactic Acid in US$ Million
by Application: 2020 to 2027
Table 110: Lactic Acid Market Review in Saudi Arabia in US$
Million by Application: 2012-2019
Table 111: Saudi Arabian Lactic Acid Market Share Breakdown by
Application: 2012 VS 2020 VS 2027
UNITED ARAB EMIRATES
Table 112: Lactic Acid Market in the United Arab Emirates:
Recent Past, Current and Future Analysis in US$ Million by
Application for the Period 2020-2027
Table 113: United Arab Emirates Lactic Acid Historic Market
Analysis in US$ Million by Application: 2012-2019
Table 114: Lactic Acid Market Share Distribution in United Arab
Emirates by Application: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
Table 115: Lactic Acid Market in Rest of Middle East: Annual
Sales Estimates and Forecasts in US$ Million by Application for
the Period 2020-2027
Table 116: Rest of Middle East Lactic Acid Market in Retrospect
in US$ Million by Application: 2012-2019
Table 117: Lactic Acid Market Share Distribution in Rest of
Middle East by Application: 2012 VS 2020 VS 2027
AFRICA
Table 118: African Lactic Acid Latent Demand Forecasts in US$
Million by Application: 2020 to 2027
Table 119: Lactic Acid Historic Demand Patterns in Africa by
Application in US$ Million for 2012-2019
Table 120: Lactic Acid Market Share Breakdown in Africa by
Application: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 29
Read the full report: https://www.reportlinker.com/p098320/?utm_source=GNW
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