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Lactic Acid Market Analysis By Application (Industrial, F&B, Pharmaceuticals, Personal Care) & Polylactic Acid (PLA) Market Analysis By Application (Packaging, Agriculture, Transport, Electronics, Textiles), And Segment Forecasts, 2014 - 2025

Lactic Acid Market Analysis By Application (Industrial, F&B, Pharmaceuticals, Personal Care) & Polylactic Acid (PLA) Market Analysis By Application (Packaging, Agriculture, Transport, Electronics, Textiles), And Segment Forecasts, 2014 - 2025

The global lactic acid & polylactic acid market is expected to reach USD 9.8 billion and USD 6.5 billion respectively by 2025, according to a new report by Grand View Research, Inc. Rising demand for lactic acid as pH regulator and preservatives for food & beverages sector is expected to fuel its demand over the next eight years. Growing cosmetic industry, on account of the increasing number of manufacturing base by companies including Unilever, Johnson & Johnson, and P&G in the U.S. is expected to drive industry expansion.

Growing consumer awareness regarding the need for sustainability, biodegradability, recyclability, and green packaging is projected to drive global PLA usage over the forecast period. Moreover, various manufacturers are engaged in improving properties of PLA including impact strength, flexibility, stiffness, barrier properties, thermal stability, increase degradation rate, and reduce production costs, which is likely to create immense market potential.

Pharmaceuticals accounted for 7.5% of the overall revenue share of lactic acid in 2016 and are expected to witness high gains as the product serves as a pH-regulation, chiral intermediate, and metal sequestration as well as a natural body constituent. Increasing need for pharmaceutical grade creams and other medicines among consumers is expected to propel demand over the forecast period.

Further key findings from the report suggest:

  • Global lactic acid demand was 1,220.0 kilo tons in 2016 and is expected to grow at a CAGR of 16.2% from 2017 to 2025 which is a result of increasing sales of medicines and perfumes in the Latin America and Asia Pacific region.
  • Latin America lactic acid market is projected to witness significant revenue rise at a CAGR of 19.2% from 2017 to 2025 in light of the growing cosmetics industry in Brazil and Argentina.
  • Textiles accounted for 21.0% of the polylactic acid revenue share in 2016 and is expected to witness growth as a result of its various properties including natural UV resistance, high tenacity, low smoke formation, and low flammability.
  • Asia Pacific polylactic acid market is projected to show significant revenue rise at a CAGR of 22.4% from 2017 to 2025 owing to the establishment of various food & beverage and cosmetics manufacturing units particularly in India and China.
  • In Asia Pacific, ‘on-the-go’ lifestyle of consumers and growing disposable income is expected to have a positive impact on the food & beverage sector which in turn is likely to propel packaging industry growth.
  • In May 2016, Corbion Purac launched a PLA portfolio of bioplastic resins for North America to meet growing demand for packaging applications. In October 2013, Corbion Purac and bio-film manufacturer Innovia joined hands to develop temperature-stable and transparent PLA films


Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. Lactic Acid & Polylactic Acid Market Variables, Trends & Scope
3.1. Market segmentation & scope
3.2. Penetration & growth prospect mapping
3.3. Value chain analysis
3.4. Raw material outlook
3.5. Technological overview
3.6. Regulatory Framework
3.7. Market dynamics
3.7.1. Market driver analysis
3.7.2. Market restraint analysis
3.8. Industry analysis - Porter's
3.9. PESTEL analysis, 2015
Chapter 4. Lactic Acid Market: Application Outlook
4.1. Lactic acid market share by application, 2016 & 2025 (Kilo Tons, USD Million)
4.2. Industrial
4.2.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
4.2.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
4.3. Food & beverages
4.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
4.3.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
4.4. Pharmaceuticals
4.4.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
4.4.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
4.5. Personal care
4.5.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
4.5.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
4.6. Others
4.6.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
4.6.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
Chapter 5. Polylactic Acid Market: Application Outlook
5.1. Polylactic acid market share by application, 2016 & 2025 (Kilo Tons, USD Million)
5.2. Packaging
5.2.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
5.2.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
5.3. Agriculture
5.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
5.3.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
5.4. Transport
5.4.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
5.4.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
5.5. Electronics
5.5.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
5.5.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
5.6. Textiles
5.6.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
5.6.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
5.7. Others
5.7.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
5.7.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
Chapter 6. Lactic Acid Market: Regional Outlook
6.1. Lactic acid market share by region, 2016 & 2025 (Kilo Tons, USD Million)
6.2. North America
6.2.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.2.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.2.3. U.S.
6.2.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.2.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.3. Europe
6.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.3.3. Germany
6.3.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.3.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.4.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.4.3. China
6.4.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.4.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.5.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.5.3. Brazil
6.5.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.5.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.6.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
Chapter 7. Polylactic Acid Market: Regional Outlook
7.1. Polylactic acid market share by region, 2016 & 2025 (Kilo Tons, USD Million)
7.2. North America
7.2.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.2.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.2.3. U.S.
7.2.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.2.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.3.3. Germany
7.3.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.3.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.4.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.4.3. China
7.4.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.4.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.5.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.5.3. Brazil
7.5.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.5.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.6.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
Chapter 8. Competitive Landscape
8.1. Company ranking analysis
8.2. Vendor landscape
8.3. Competitive environment
8.4. Company Market positioning
Chapter 9. Company Profiles
9.1. BASF
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Danimer Scientific LLC
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Futerro
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Galactic
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Henan Jindan Lactic Acid Technology Co. Ltd
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Musashino Chemical (China) Co. Ltd
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. NatureWorks LLC
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Corbion Purac
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Synbra Technology BV
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Hitachi
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
9.11. Sulzer
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Strategic Initiatives
9.12. Zhejiang Hisun Biomaterials Co., Ltd
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Strategic Initiatives
9.13. ThyssenKrupp
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Strategic Initiatives
9.14. VAISHNAVI BIO-TECH LIMITED
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Strategic Initiatives
9.15. Teijin Ltd
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Strategic Initiatives
List of Tables
1. Global lactic acid market estimates and forecast in industrial, 2014 - 2025 (Kilo Tons) (USD Million)
2. Global lactic acid market estimates and forecast in industrial, by region, 2014 - 2025 (Kilo Tons)
3. Global lactic acid market estimates and forecast in industrial, by region, 2014 - 2025 (USD Million)
4. Global lactic acid market estimates and forecast in food & beverages, 2014 - 2025 (Kilo Tons) (USD Million)
5. Global lactic acid market estimates and forecast in food & beverages, by region, 2014 - 2025 (Kilo Tons)
6. Global lactic acid market estimates and forecast in food & beverages, by region, 2014 - 2025 (USD Million)
7. Global lactic acid market estimates and forecast in pharmaceutical, 2014 - 2025 (Kilo Tons) (USD Million)
8. Global lactic acid market estimates and forecast in pharmaceutical, by region, 2014 - 2025 (Kilo Tons)
9. Global lactic acid market estimates and forecast in pharmaceutical, by region, 2014 - 2025 (USD Million)
10. Global lactic acid market estimates and forecast in personal care, 2014 - 2025 (Kilo Tons) (USD Million)
11. Global lactic acid market estimates and forecast in personal care, by region, 2014 - 2025 (Kilo Tons)
12. Global lactic acid market estimates and forecast in personal care, by region, 2014 - 2025 (USD Million)
13. Global lactic acid market estimates and forecast in others, 2014 - 2025 (Kilo Tons) (USD Million)
14. Global lactic acid market estimates and forecast in others, by region, 2014 - 2025 (Kilo Tons)
15. Global lactic acid market estimates and forecast in others, by region, 2014 - 2025 (USD Million)
16. Global polylactic acid market estimates and forecast in packaging, 2014 - 2025 (Kilo Tons) (USD Million)
17. Global polylactic acid market volume estimates and forecast in packaging, by region, 2014 - 2025 (Kilo Tons)
18. Global polylactic acid market volume estimates and forecast in packaging, by region, 2014 - 2025 (USD Million)
19. Global polylactic acid market estimates and forecast in agriculture, 2014 - 2025 (Kilo Tons) (USD Million)
20. Global polylactic acid market volume estimates and forecast in agriculture, by region, 2014 - 2025 (Kilo Tons)
21. Global polylactic acid market volume estimates and forecast in agriculture, by region, 2014 - 2025 (USD Million)
22. Global polylactic acid market estimates and forecast in transport, 2014 - 2025 (Kilo Tons) (USD Million)
23. Global polylactic acid market volume estimates and forecast in transport, by region, 2014 - 2025 (Kilo Tons)
24. Global polylactic acid market volume estimates and forecast in transport, by region, 2014 - 2025 (USD Million)
25. Global polylactic acid market estimates and forecast in electronics, 2014 - 2025 (Kilo Tons) (USD Million)
26. Global polylactic acid market volume estimates and forecast in electronics, by region, 2014 - 2025 (Kilo Tons)
27. Global polylactic acid market volume estimates and forecast in electronics, by region, 2014 - 2025 (USD Million)
28. Global polylactic acid market estimates and forecast in textiles, 2014 - 2025 (Kilo Tons) (USD Million)
29. Global polylactic acid market volume estimates and forecast in textiles, by region, 2014 - 2025 (Kilo Tons)
30. Global polylactic acid market volume estimates and forecast in textiles, by region, 2014 - 2025 (USD Million)
31. Global polylactic acid market estimates and forecast in others, 2014 - 2025 (Kilo Tons) (USD Million)
32. Global polylactic acid market volume estimates and forecast in others, by region, 2014 - 2025 (Kilo Tons)
33. Global polylactic acid market volume estimates and forecast in others, by region, 2014 - 2025 (USD Million)
34. North America lactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
35. North America lactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
36. North America lactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
37. U.S. lactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
38. U.S. lactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
39. U.S. lactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
40. Europe lactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
41. Europe lactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
42. Europe lactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
43. Germany lactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
44. Germany lactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
45. Germany lactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
46. Asia Pacific lactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
47. Asia Pacific lactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
48. Asia Pacific lactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
49. China lactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
50. China lactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
51. China lactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
52. Central & South America lactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
53. Central & South America lactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
54. Central & South America lactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
55. Brazil lactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
56. Brazil lactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
57. Brazil lactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
58. MEA lactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
59. MEA lactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
60. MEA lactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
61. North America polylactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
62. North America polylactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
63. North America polylactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
64. U.S. polylactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
65. U.S. polylactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
66. U.S. polylactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
67. Europe polylactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
68. Europe polylactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
69. Europe polylactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
70. Germany polylactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
71. Germany polylactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
72. Germany polylactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
73. Asia Pacific polylactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
74. Asia Pacific polylactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
75. Asia Pacific polylactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
76. China polylactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
77. China polylactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
78. China polylactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
79. Central & South America polylactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
80. Central & South America polylactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
81. Central & South America polylactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
82. Brazil polylactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
83. Brazil polylactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
84. Brazil polylactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
85. MEA polylactic acid market estimates and forecast, 2014 - 2025 (Kilo Tons) (USD Million)
86. MEA polylactic acid market volume estimates and forecast by application, 2014 - 2025 (Kilo Tons)
87. MEA polylactic acid market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
List of Figures
FIG. 1 Market snapshot
FIG. 2 Market segmentation & scope
FIG. 3 Penetration & growth prospect mapping
FIG. 4 Lactic acid market value chain analysis
FIG. 5 Lactic acid market dynamics
FIG. 6 Lactic acid market Porter’s analysis
FIG. 7 Lactic acid - PESTEL Analysis
FIG. 8 Polylactic acid market value chain analysis
FIG. 9 Polylactic acid market dynamics
FIG. 10 Polylactic acid market Porter’s analysis
FIG. 11 Polylactic acid - PESTEL Analysis
FIG. 12 Lactic acid market: Application movement analysis
FIG. 13 Regional market place: Key takeaways
FIG. 14 Regional outlook, 2016 & 2025
FIG. 15 Polylactic acid market: Application movement analysis
FIG. 16 Regional market place: Key takeaways
FIG. 17 Regional outlook, 2016 & 2025

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