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    Lactic Acid Global Market

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    Shilanand Vaibhav
    The global lactic acid and polylactic acid market is projected to grow substantially due to rising demand from end-use applications such as biodegradable polymers, food and beverages, and pharmaceuticals. Lactic acid is used to produce polylactic acid plastics that comply with environmental regulations, and are derived from renewable sources like corn and sugarcane. The lactic acid market is estimated to reach $3.82 billion by 2020, while the polylactic acid market is projected to reach $5.16 billion, both growing at double-digit compound annual growth rates due to increasing Asian demand.

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    Lactic Acid Global Market

    Uploaded by

    Shilanand Vaibhav
    47 views2 pages
    The global lactic acid and polylactic acid market is projected to grow substantially due to rising demand from end-use applications such as biodegradable polymers, food and beverages, and pharmaceuticals. Lactic acid is used to produce polylactic acid plastics that comply with environmental regulations, and are derived from renewable sources like corn and sugarcane. The lactic acid market is estimated to reach $3.82 billion by 2020, while the polylactic acid market is projected to reach $5.16 billion, both growing at double-digit compound annual growth rates due to increasing Asian demand.

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    Market size for lactic acid

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    The global lactic acid and polylactic acid market is projected to grow substantially due to rising demand from end-use applications such as biodegradable polymers, food and beverages, and pharmaceuticals. Lactic acid is used to produce polylactic acid plastics that comply with environmental regulations, and are derived from renewable sources like corn and sugarcane. The lactic acid market is estimated to reach $3.82 billion by 2020, while the polylactic acid market is projected to reach $5.16 billion, both growing at double-digit compound annual growth rates due to increasing Asian demand.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    47 views2 pages

    Lactic Acid Global Market

    Uploaded by

    Shilanand Vaibhav
    The global lactic acid and polylactic acid market is projected to grow substantially due to rising demand from end-use applications such as biodegradable polymers, food and beverages, and pharmaceuticals. Lactic acid is used to produce polylactic acid plastics that comply with environmental regulations, and are derived from renewable sources like corn and sugarcane. The lactic acid market is estimated to reach $3.82 billion by 2020, while the polylactic acid market is projected to reach $5.16 billion, both growing at double-digit compound annual growth rates due to increasing Asian demand.

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    of 2

    LACTIC ACID

    The global lactic acid market is estimated to witness high growth, due to rising demand from its end-
    use applications. It is used in the production of PLA plastics that are mainly used in packaging
    products that comply with environmental norms. Polylactic acid is a thermoplastic polyester. It is
    derived from renewable feedstock such as sugarcane, corn starch, wheat, and tapioca roots. PLA
    products contain bio-based renewable constituents.

    The global Lactic acid and polylactic acid market has been segmented on the basis of application and
    region. On the basis of application, the market has been segmented into biodegradable polymers,
    food & beverages, pharmaceuticals, personal care products, and others. The polylactic acid market
    has been segmented into packaging, agriculture, automobile, electronics, textiles, and others.

    The lactic acid market is projected to reach 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 Europe. The Asia-Pacific market is projected to grow at the highest CAGR, owing to the
    increasing demand for lactic acid in this region.

    The polylactic acid market is projected to reach 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, owing to the
    increasing demand for polylactic acid in this region.

    The top-down and bottom-up approaches have been used to arrive at the market sizes and obtain the
    market forecast. Data triangulation methods have been used to perform market estimation and
    projection for the entire market, along with sub-segments listed in this report. Extensive secondary
    research was conducted to understand the market insights and trends, which was further validated
    through primary interviews. The report provides both qualitative and quantitative analysis of the
    global lactic acid and polylactic acid market, the competitive landscape, and the preferred
    development strategies of the key players.

    The key players were observed to prefer mergers & acquisitions, expansions, agreements, and new
    product launches as strategies to garner a larger share in this market. This report also analyzes the
    market dynamics.

    On the basis of application, the lactic acid market has been segmented as follows:

    Lactic acid
    o Biodegradable polymers
    o Food and beverages
    o Pharmaceuticals
    o Personal care products
    o Others
    Polylactic acid
    o Packaging
    o Agriculture
    o Automobile
    o Electronics
    o Textiles
    o Others

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