Lactic acid has a systematic name that is 2-hydroxypropionic acid, which is widely existed in nature. Lactic acid is formed when glucose is broken down for energy in the absence of sufficient oxygen.
Scope of the Report:
L(+)-Lactic acid excellent is produced from natural corn starch by advanced bio-fermentation and refining technology. The lactic acid is colorless to yellow liquid, having a mild acid odor and taste.
In global market, the production of L(+)-Lactic acid increases from 467 KMT in 2011 to 530 K MT in 2015, at a CAGR of more than 3.2%. In 2015, the global L(+)-Lactic acid market is led by USA, capturing about 40.13% of global L(+)-Lactic Acid production. China is the second-largest region-wise market with 27.90% global production share. At present, the major manufacturers of L(+)-Lactic acid are concentrated in Corbion, Naturework, Galactic and Henan Jindan Lactic Acid Technology. Corbion is the world leader, holding 30.51% production market share in 2015.
The global L(+)-Lactic acid revenue exceed 575 Million USD in 2015, at a CAGR of about 2% from 2017 to 2022.
In application, L(+)-Lactic Acid downstream is wide and recently L(+)-Lactic Acid has acquired increasing significance in various fields of food & beverage, home & personal care, industrial applications and pharmaceutical. and others. Globally, the L(+)-Lactic Acid market is mainly driven by growing demand for industrial applications which accounts for nearly 56.78% of total downstream consumption of L(+)-Lactic Acid in global.
In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, L(+)-Lactic Acid production will show a trend of steady growth. In 2022 the production of L(+)-Lactic Acid is estimated to be 668 K MT. On product prices, the slow downward trend in recent years will maintain in the future.
The worldwide market for L(+)-Lactic Acid is expected to grow at a CAGR of roughly 2.1% over the next five years, will reach 700 million US$ in 2024, from 620 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the L(+)-Lactic Acid in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Corbion
Naturework
Galactic
Henan Jindan Lactic Acid Technology
COFCO Biochemical (AnHui)
Musashino Chemical
ADM
Yancheng Haijianuo
Wuhan Sanjiang Space Good Biotech
Shanxi Biochemical
Jungbunzlauer
Zhengzhou Tianrun
Shangdong Fullsail
Tripura Bio Tech Limited
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Food grade
Industrial grade
Pharmaceutical grade
Market Segment by Applications, can be divided into
Pharmaceutical
Home & personal care
Industrial Applications
Food & Beverage
Others
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe L(+)-Lactic Acid product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of L(+)-Lactic Acid, with price, sales, revenue and global market share of L(+)-Lactic Acid in 2017 and 2018.
Chapter 3, the L(+)-Lactic Acid competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the L(+)-Lactic Acid breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, L(+)-Lactic Acid market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe L(+)-Lactic Acid sales channel, distributors, customers, research findings and conclusion, appendix and data source.
Summary:
Get latest Market Research Reports on L(+)-Lactic Acid . Industry analysis & Market Report on L(+)-Lactic Acid is a syndicated market report, published as Global L(+)-Lactic Acid Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024. It is complete Research Study and Industry Analysis of L(+)-Lactic Acid market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.