Lactate Esters are derivatives of lactic acid. It is commonly used as a solvent or intermediate in pharmaceutical, detergent, coatings, food and fragrance production. The most common types include methyl lactate, ethyl lactate and butyl lactate, etc.
Lactate esters industry is dispersive relatively. Currently, there are several producing companies in the world lactate esters industry. The main market players are Corbion, Galactic, Musashino Chemical Laboratory, Vertec BioSolvents, Godavari Biorefineries, Yancheng Hongtai Bioengineering and Huade Biological Engineering, etc. The production of lactate esters will increase to 34087 MT in 2017 from 26417 MT in 2012 with CAGR of 5.23%. Global lactate esters capacity utilization rate remained at around 63.03% in 2016.
Lactate esters have several types, the common types include methyl lactate, ethyl lactate and butyl lactate, etc. And each type has its own applications respectively. With solvent and intermediate application of lactate esters, the downstream industries will need more lactate esters products. So, lactate esters have a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high purity and good performance lactate esters through improving technology.
The major raw materials for lactate esters are lactic acid, ethanol / methanol / butanol, and other auxiliary chemicals. Fluctuations in the price of the upstream product will impact on the production cost of lactate esters. The production cost of lactate esters is also an important factor which could impact the price of lactate esters.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents decreasing trend according to the economy development status and international competition. Also, there is decreasing trend in gross margin.
According to this study, over the next five years the Lactate Esters market will register a 2.4% CAGR in terms of revenue, the global market size will reach US$ 110 million by 2024, from US$ 92 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Lactate Esters business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Lactate Esters market by product type, application, key manufacturers and key regions and countries.
This study considers the Lactate Esters value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Methyl Lactate
Ethyl Lactate
Butyl Lactate
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Electronics
Paints & Inks
Agrochemicals
Pharmaceuticals
Food & Beverage
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Corbion
Galactic
Musashino Chemical Laboratory
Vertec BioSolvents
Godavari Biorefineries
Yancheng Hongtai Bioengineering
Huade Biological Engineering
Yibang Industry & Commerce
Haijianuo Bioengineer
Jindan Lactic Acid
Pianguan Shenxia
Shenzhen Esun Industrial
Baisheng Biotechnology
Tianrun Lactic Acid
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Lactate Esters consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Lactate Esters market by identifying its various subsegments.
Focuses on the key global Lactate Esters manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Lactate Esters with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Lactate Esters submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Lactate Esters . Industry analysis & Market Report on Lactate Esters is a syndicated market report, published as Global Lactate Esters Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Lactate Esters market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.