Lactic Acid Market Size, Share, Growth, and Forecast 2023 – 2032
The report analyzes and forecasts the Lactic Acid Market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2022 to 2030. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global Lactic Acid Market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the Lactic Acid Market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of Lactic Acid Market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
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In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding. Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
Market Players as below:
Some of the top lactic acid market companies offered in the professional report include Corbion, Sulzer, DuPont, Jungbunzlauer, Henan Jindan Lacic Acid Technology, Cargill, Mushashino Chemical, Unitika, FoodChem International, Vaishnavi Biotech, Galactic, and DOW.
The major market segments of Lactic Acid Market are as below:
Lactic Acid Market By Raw Material
- Corn
- Cassava
- Sugarcane
- Other Crops
Lactic Acid Market By Form
- Solid
- Liquid
Lactic Acid Market By Application
- Industrial
- Pharmaceuticals
- Food & Beverages
- Polylactic Acid
- Personal Care
- Others
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Table Of Contents:
CHAPTER 1. Industry Overview of Lactic Acid Market
1.1. Definition and Scope
1.1.1. Definition of Lactic Acid
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Lactic Acid Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Lactic Acid Market By Raw Material
1.2.3. Lactic Acid Market By Form
1.2.4. Lactic Acid Market By Application
1.2.5. Lactic Acid Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Source
2.2.2. Primary Source
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Lactic Acid Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Lactic Acid Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Price Trend of Key Raw Material
3.8.1. Raw Material Suppliers
3.8.2. Proportion of Manufacturing Cost Structure
3.8.2.1. Raw Material
3.8.2.2. Labor Cost
3.8.2.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2022
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022
4.2. R&D Status of Major Manufacturers in 2022
CHAPTER 5. Lactic Acid Market By Raw Material
5.1. Introduction
5.2. Lactic Acid Revenue By Raw Material
5.2.1. Lactic Acid Revenue (USD Billion) and Forecast, By Raw Material, 2020-2032
5.2.2. Corn
5.2.2.1. Corn Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3. Cassava
5.2.3.1. Cassava Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.4. Sugarcane
5.2.4.1. Sugarcane Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.5. Other Crops
5.2.5.1. Other Crops Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 6. Lactic Acid Market By Form
6.1. Introduction
6.2. Lactic Acid Revenue By Form
6.2.1. Lactic Acid Revenue (USD Billion) and Forecast, By Form, 2020-2032
6.2.2. Solid
6.2.2.1. Solid Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.3. Liquid
6.2.3.1. Liquid Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 7. Lactic Acid Market By Application
7.1. Introduction
7.2. Lactic Acid Revenue By Application
7.2.1. Lactic Acid Revenue (USD Billion) and Forecast, By Application, 2020-2032
7.2.2. Industrial
7.2.2.1. Industrial Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.3. Pharmaceuticals
7.2.3.1. Pharmaceuticals Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.4. Food & Beverages
7.2.4.1. Food & Beverages Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.5. Polylactic Acid
7.2.5.1. Polylactic Acid Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.6. Personal Care
7.2.6.1. Personal Care Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.7. Others
7.2.7.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 8. North America Lactic Acid Market By Country
8.1. North America Lactic Acid Market Overview
8.2. U.S.
8.2.1. U.S. Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
8.2.2. U.S. Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
8.2.3. U.S. Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
8.3. Canada
8.3.1. Canada Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
8.3.2. Canada Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
8.3.3. Canada Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
8.4. North America PEST Analysis
CHAPTER 9. Europe Lactic Acid Market By Country
9.1. Europe Lactic Acid Market Overview
9.2. U.K.
9.2.1. U.K. Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
9.2.2. U.K. Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
9.2.3. U.K. Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
9.3. Germany
9.3.1. Germany Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
9.3.2. Germany Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
9.3.3. Germany Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
9.4. France
9.4.1. France Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
9.4.2. France Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
9.4.3. France Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
9.5. Spain
9.5.1. Spain Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
9.5.2. Spain Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
9.5.3. Spain Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
9.6. Rest of Europe
9.6.1. Rest of Europe Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
9.6.2. Rest of Europe Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
9.6.3. Rest of Europe Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Lactic Acid Market By Country
10.1. Asia Pacific Lactic Acid Market Overview
10.2. China
10.2.1. China Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
10.2.2. China Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
10.2.3. China Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
10.3. Japan
10.3.1. Japan Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
10.3.2. Japan Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
10.3.3. Japan Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
10.4. India
10.4.1. India Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
10.4.2. India Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
10.4.3. India Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
10.5. Australia
10.5.1. Australia Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
10.5.2. Australia Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
10.5.3. Australia Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
10.6. South Korea
10.6.1. South Korea Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
10.6.2. South Korea Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
10.6.3. South Korea Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
10.7.2. Rest of Asia-Pacific Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
10.7.3. Rest of Asia-Pacific Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Lactic Acid Market By Country
11.1. Latin America Lactic Acid Market Overview
11.2. Brazil
11.2.1. Brazil Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
11.2.2. Brazil Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
11.2.3. Brazil Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
11.3. Mexico
11.3.1. Mexico Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
11.3.2. Mexico Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
11.3.3. Mexico Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
11.4. Rest of Latin America
11.4.1. Rest of Latin America Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
11.4.2. Rest of Latin America Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
11.4.3. Rest of Latin America Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Lactic Acid Market By Country
12.1. Middle East & Africa Lactic Acid Market Overview
12.2. GCC
12.2.1. GCC Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
12.2.2. GCC Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
12.2.3. GCC Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
12.3. South Africa
12.3.1. South Africa Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
12.3.2. South Africa Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
12.3.3. South Africa Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032
12.4.2. Rest of Middle East & Africa Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032
12.4.3. Rest of Middle East & Africa Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Lactic Acid Market
13.1. Lactic Acid Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking Of Key Players By Price, Presence, Market Share, And R&D Investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Lactic Acid Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Corbion
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (USD Billion), 2022
14.1.3.2. Corbion 2022 Lactic Acid Business Regional Distribution
14.1.4. Product /Service and Specification
14.1.5. Recent Developments & Business Strategy
14.2. Sulzer
14.3. DuPont
14.4. Jungbunzlauer
14.5. Henan Jindan Lacic Acid Technology
14.6. Cargill
14.7. Mushashino Chemical
14.8. Unitika
14.9. FoodChem International
14.10. Vaishnavi Biotech
14.11. Galactic
14.12. DOW
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