Lactic Acid Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_003558
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:8.94
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 8.94
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Report Overview

The Lactic Acid Market size is estimated to grow at a CAGR of 6.78% between 2022 and 2032. The market size is forecast to increase by USD 2,567.89 million. The growth of the market depends on several factors, including the rising demand for biodegradable plastics, increasing use in the food and beverage industry, and growing awareness about sustainable products. Lactic acid is a versatile organic acid that is produced through the fermentation of carbohydrates. It is commonly found in dairy products and is also produced by the human body during intense exercise. Lactic acid has various applications across different industries, including food and beverages, pharmaceuticals, personal care, and biodegradable plastics.

Lactic Acid Market Overview

Drivers

One of the key factors driving the lactic acid market growth is the rising demand for biodegradable plastics. With increasing environmental concerns and regulations on single-use plastics, there is a growing demand for sustainable alternatives. Lactic acid is widely used in the production of biodegradable plastics, such as polylactic acid (PLA). PLA is derived from renewable resources and offers similar properties to traditional plastics while being biodegradable. The demand for biodegradable plastics is expected to drive the growth of the lactic acid market as industries seek more sustainable packaging solutions.

Moreover, the food and beverage industry is another major driver for the lactic acid market. Lactic acid is used as a food additive, preservative, and flavoring agent in various food and beverage products. It enhances the shelf life of food products, improves texture and flavor, and acts as a natural preservative. The increasing demand for processed and convenience foods, as well as the growing consumer preference for natural and clean label ingredients, is expected to fuel the demand for lactic acid in the food and beverage industry.

Trends

A key trend shaping the lactic acid market growth is the increasing use of lactic acid in personal care products. Lactic acid is widely used in skincare and cosmetic products due to its exfoliating and moisturizing properties. It helps in improving skin texture, reducing acne, and promoting skin renewal. The rising consumer awareness about the benefits of natural and organic personal care products is driving the demand for lactic acid in the cosmetics industry. Additionally, lactic acid is also used in oral care products, such as toothpaste and mouthwash, for its antimicrobial properties.

Furthermore, there is a growing trend of using lactic acid in the pharmaceutical industry. Lactic acid is used as an excipient in pharmaceutical formulations and as a pH regulator in various drugs. It is also used in the production of biodegradable drug delivery systems. The increasing focus on drug development and the demand for sustainable pharmaceutical solutions are expected to drive the growth of the lactic acid market in the pharmaceutical sector.

Restraints:

One of the key challenges hindering the lactic acid market growth is the availability of raw materials. Lactic acid is primarily produced through the fermentation of carbohydrates, such as corn, sugarcane, and cassava. The availability and cost of these raw materials can impact the production and pricing of lactic acid. Fluctuations in the prices of raw materials, as well as competition for these resources from other industries, can pose challenges for lactic acid manufacturers.

Furthermore, the production process of lactic acid requires specialized equipment and expertise. The fermentation process needs to be carefully controlled to ensure optimal yield and quality. The complexity of the production process and the need for skilled personnel can pose challenges for new entrants in the market. Additionally, the production of lactic acid generates by-products and waste streams that need to be managed effectively to minimize environmental impact. Compliance with environmental regulations and sustainable production practices can add to the operational costs for lactic acid manufacturers.

Lactic Acid Market Segmentation By Application

The food and beverage industry segment is estimated to witness significant growth during the forecast period. Lactic acid is widely used as a food additive and preservative in various food and beverage products. It acts as a natural acidulant, flavor enhancer, and pH regulator. Lactic acid helps in improving the texture, taste, and shelf life of food products. It is commonly used in dairy products, baked goods, beverages, and processed foods. The increasing demand for processed and convenience foods, as well as the growing consumer preference for natural and clean label ingredients, is expected to drive the growth of this segment.

The personal care industry segment is also expected to experience substantial growth. Lactic acid is used in skincare and cosmetic products for its exfoliating, moisturizing, and pH-balancing properties. It helps in improving skin texture, reducing acne, and promoting skin renewal. The rising consumer awareness about the benefits of natural and organic personal care products is driving the demand for lactic acid in the cosmetics industry. Additionally, lactic acid is used in oral care products for its antimicrobial properties.

Lactic Acid Market Segmentation By Type

The polylactic acid (PLA) segment is estimated to witness significant growth during the forecast period. PLA is a biodegradable polymer derived from lactic acid. It is widely used in the production of biodegradable plastics, packaging materials, and fibers. PLA offers similar properties to traditional plastics while being environmentally friendly and sustainable. The increasing demand for biodegradable plastics and the growing focus on sustainable packaging solutions are expected to drive the growth of this segment.

Regional Overview

APAC is estimated to contribute 40% to the growth of the global market during the forecast period. The region has a significant presence of key market players and is witnessing increasing investments in the lactic acid industry. Countries like China and India have a large consumer base and growing demand for food and beverages, personal care products, and biodegradable plastics. The rising population, urbanization, and disposable income levels in APAC are driving the demand for lactic acid in various industries. Additionally, the increasing focus on sustainable development and environmental regulations in the region are expected to fuel the growth of the lactic acid market.

In 2020, during the COVID-19 pandemic, the growth of the global lactic acid market witnessed a temporary slowdown due to disruptions in the supply chain and reduced consumer spending. However, as the situation improves and economies recover, the demand for lactic acid is expected to rebound. The increasing focus on sustainability and the demand for eco-friendly products are expected to drive the market during the forecast period.

Lactic Acid Market Customer Landscape

The lactic acid market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Who are the Major Lactic Acid Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Corbion N.V.: A leading supplier of lactic acid and its derivatives, Corbion is involved in various applications, including food and beverages, pharmaceuticals, and bioplastics.

Cargill, Incorporated: Cargill produces lactic acid through its subsidiary, NatureWorks LLC. It focuses on bio-based materials, including bioplastics and other sustainable products.

Galactic S.A.: Galactic is a major player in the lactic acid market, offering a wide range of lactic acid derivatives for food preservation, pharmaceuticals, and other applications.

Jungbunzlauer Suisse AG: This Swiss company is known for producing natural ingredients, including lactic acid and its salts, which find applications in food, beverages, and personal care products.

Some of the major companies in the lactic acid market include:

  • Cargill, Incorporated
  • Corbian
  • Dow Chemical Company
  • Galactic
  • Henan Jindan Lactic Acid Technology Co., Ltd.
  • Jungbunzlauer Suisse AG
  • NatureWorks LLC
  • Polylactic Acid World
  • PuracBiochem BV
  • Synbra Technology BV

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies.

Segment Overview

The lactic acid market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032)

o             Food and beverages

o             Pharmaceuticals

o             Personal care

o             Biodegradable plastics

o             Others

  • Type Outlook (USD Million, 2019 - 2032)

o             Polylactic acid (PLA)

o             Lactic acid esters

o             D-lactic acid

o             L-lactic acid

  • Geography Outlook (USD Million, 2019 - 2032)

o             North America

   - The U.S.

   - Canada

o             Europe

   - U.K.

   - Germany

   - France

   - Rest of Europe

o             APAC

   - China

   - India

o             South America

   - Chile

   - Argentina

   - Brazil

o             Middle East & Africa

   - Saudi Arabia

   - South Africa

   - Rest of the Middle East & Africa

Global Lactic Acid Market Research Report 2018

1 Lactic Acid Market Overview

1.1 Product Overview and Scope of Lactic Acid

1.2 Lactic Acid Segment by Type (Product Category)

1.2.1 Global Lactic Acid Production and CAGR (%) Comparison by Type (Product Category)(2013-2025)

1.2.2 Global Lactic Acid Production Market Share by Type (Product Category) in 2017

1.2.3 Glazed Ceramic Tile

1.2.4 Unglazed Ceramic Tile

1.2.5 Porcelain Tile

1.3 Global Lactic Acid Segment by Application

1.3.1 Lactic Acid Consumption (Sales) Comparison by Application (2013-2025)

1.3.2 Household Usage

1.3.3 Commercial Usage

1.4 Global Lactic Acid Market by Region (2013-2025)

1.4.1 Global Lactic Acid Market Size (Value) and CAGR (%) Comparison by Region (2013-2025)

1.4.2 North America Status and Prospect (2013-2025)

1.4.3 Europe Status and Prospect (2013-2025)

1.4.4 China Status and Prospect (2013-2025)

1.4.5 Japan Status and Prospect (2013-2025)

1.4.6 Southeast Asia Status and Prospect (2013-2025)

1.4.7 India Status and Prospect (2013-2025)

1.5 Global Market Size (Value) of Lactic Acid (2013-2025)

1.5.1 Global Lactic Acid Revenue Status and Outlook (2013-2025)

1.5.2 Global Lactic Acid Capacity, Production Status and Outlook (2013-2025)

2 Global Lactic Acid Market Competition by Manufacturers

2.1 Global Lactic Acid Capacity, Production and Share by Manufacturers (2013-2018)

2.1.1 Global Lactic Acid Capacity and Share by Manufacturers (2013-2018)

2.1.2 Global Lactic Acid Production and Share by Manufacturers (2013-2018)

2.2 Global Lactic Acid Revenue and Share by Manufacturers (2013-2018)

2.3 Global Lactic Acid Average Price by Manufacturers (2013-2018)

2.4 Manufacturers Lactic Acid Manufacturing Base Distribution, Sales Area and Product Type

2.5 Lactic Acid Market Competitive Situation and Trends

2.5.1 Lactic Acid Market Concentration Rate

2.5.2 Lactic Acid Market Share of Top 3 and Top 5 Manufacturers

2.5.3 Mergers & Acquisitions, Expansion

3 Global Lactic Acid Capacity, Production, Revenue (Value) by Region (2013-2018)

3.1 Global Lactic Acid Capacity and Market Share by Region (2013-2018)

3.2 Global Lactic Acid Production and Market Share by Region (2013-2018)

3.3 Global Lactic Acid Revenue (Value) and Market Share by Region (2013-2018)

3.4 Global Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

3.5 North America Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

3.6 Europe Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

3.7 China Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

3.8 Japan Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

3.9 Southeast Asia Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

3.10 India Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

4 Global Lactic Acid Supply (Production), Consumption, Export, Import by Region (2013-2018)

4.1 Global Lactic Acid Consumption by Region (2013-2018)

4.2 North America Lactic Acid Production, Consumption, Export, Import (2013-2018)

4.3 Europe Lactic Acid Production, Consumption, Export, Import (2013-2018)

4.4 China Lactic Acid Production, Consumption, Export, Import (2013-2018)

4.5 Japan Lactic Acid Production, Consumption, Export, Import (2013-2018)

4.6 Southeast Asia Lactic Acid Production, Consumption, Export, Import (2013-2018)

4.7 India Lactic Acid Production, Consumption, Export, Import (2013-2018)

5 Global Lactic Acid Production, Revenue (Value), Price Trend by Type

5.1 Global Lactic Acid Production and Market Share by Type (2013-2018)

5.2 Global Lactic Acid Revenue and Market Share by Type (2013-2018)

5.3 Global Lactic Acid Price by Type (2013-2018)

5.4 Global Lactic Acid Production Growth by Type (2013-2018)

6 Global Lactic Acid Market Analysis by Application

6.1 Global Lactic Acid Consumption and Market Share by Application (2013-2018)

6.2 Global Lactic Acid Consumption Growth Rate by Application (2013-2018)

6.3 Market Drivers and Opportunities

6.3.1 Potential Applications

6.3.2 Emerging Markets/Countries

7 Global Lactic Acid Manufacturers Profiles/Analysis

7.1 SCG

7.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors

7.1.2 Lactic Acid Product Category, Application and Specification

7.1.2.1 Product A

7.1.2.2 Product B

7.1.3 SCG Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

7.1.4 Main Business/Business Overview

7.2 Mohawk

7.2.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors

7.2.2 Lactic Acid Product Category, Application and Specification

7.2.2.1 Product A

7.2.2.2 Product B

7.2.3 Mohawk Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

7.2.4 Main Business/Business Overview

7.3 Lamosa

7.3.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors

7.3.2 Lactic Acid Product Category, Application and Specification

7.3.2.1 Product A

7.3.2.2 Product B

7.3.3 Lamosa Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

7.3.4 Main Business/Business Overview

7.4 RAK Ceramics

7.4.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors

7.4.2 Lactic Acid Product Category, Application and Specification

7.4.2.1 Product A

7.4.2.2 Product B

7.4.3 RAK Ceramics Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

7.4.4 Main Business/Business Overview

7.5 Rovese

7.5.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors

7.5.2 Lactic Acid Product Category, Application and Specification

7.5.2.1 Product A

7.5.2.2 Product B

7.5.3 Rovese Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

7.5.4 Main Business/Business Overview

7.6 Kajaria

7.6.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors

7.6.2 Lactic Acid Product Category, Application and Specification

7.6.2.1 Product A

7.6.2.2 Product B

7.6.3 Kajaria Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

7.6.4 Main Business/Business Overview

7.7 Concorde

7.7.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors

7.7.2 Lactic Acid Product Category, Application and Specification

7.7.2.1 Product A

7.7.2.2 Product B

7.7.3 Concorde Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

7.7.4 Main Business/Business Overview

7.8 Interceramic

7.8.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors

7.8.2 Lactic Acid Product Category, Application and Specification

7.8.2.1 Product A

7.8.2.2 Product B

7.8.3 Interceramic Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

7.8.4 Main Business/Business Overview

7.9 Pamesa

7.9.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors

7.9.2 Lactic Acid Product Category, Application and Specification

7.9.2.1 Product A

7.9.2.2 Product B

7.9.3 Pamesa Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

7.9.4 Main Business/Business Overview

7.10 Casalgrande Padana

7.10.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors

7.10.2 Lactic Acid Product Category, Application and Specification

7.10.2.1 Product A

7.10.2.2 Product B

7.10.3 Casalgrande Padana Lactic Acid Capacity, Production, Revenue, Price and Gross Margin (2013-2018)

7.10.4 Main Business/Business Overview

7.11 Iris Ceramica

7.12 Florim

7.13 Portobello

7.14 Cooperativa Ceramica d'Imola

7.15 Panaria

7.16 Keraben

7.17 Guangdong Dongpeng

7.18 Marco Polo

7.19 Jinduo

7.20 Nabel

7.21 Newpearl

7.22 Xinzhongyuan

7.23 Sanfi

7.24 Guangdong BODE

7.25 Tidiy

7.26 Guangdong Jiajun

7.27 Eagle

7.28 Monalisa

7.29 Guangdong Winto

8 Lactic Acid Manufacturing Cost Analysis

8.1 Lactic Acid Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Price Trend of Key Raw Materials

8.1.3 Key Suppliers of Raw Materials

8.1.4 Market Concentration Rate of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.2.1 Raw Materials

8.2.2 Labor Cost

8.2.3 Manufacturing Expenses

8.3 Manufacturing Process Analysis of Lactic Acid

9 Industrial Chain, Sourcing Strategy and Downstream Buyers

9.1 Lactic Acid Industrial Chain Analysis

9.2 Upstream Raw Materials Sourcing

9.3 Raw Materials Sources of Lactic Acid Major Manufacturers in 2017

9.4 Downstream Buyers

10 Marketing Strategy Analysis, Distributors/Traders

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.1.3 Marketing Channel Development Trend

10.2 Market Positioning

10.2.1 Pricing Strategy

10.2.2 Brand Strategy

10.2.3 Target Client

10.3 Distributors/Traders List

11 Market Effect Factors Analysis

11.1 Technology Progress/Risk

11.1.1 Substitutes Threat

11.1.2 Technology Progress in Related Industry

11.2 Consumer Needs/Customer Preference Change

11.3 Economic/Political Environmental Change

12 Global Lactic Acid Market Forecast (2018-2025)

12.1 Global Lactic Acid Capacity, Production, Revenue Forecast (2018-2025)

12.1.1 Global Lactic Acid Capacity, Production and Growth Rate Forecast (2018-2025)

12.1.2 Global Lactic Acid Revenue and Growth Rate Forecast (2018-2025)

12.1.3 Global Lactic Acid Price and Trend Forecast (2018-2025)

12.2 Global Lactic Acid Production, Consumption , Import and Export Forecast by Region (2018-2025)

12.2.1 North America Lactic Acid Production, Revenue, Consumption, Export and Import Forecast (2018-2025)

12.2.2 Europe Lactic Acid Production, Revenue, Consumption, Export and Import Forecast (2018-2025)

12.2.3 China Lactic Acid Production, Revenue, Consumption, Export and Import Forecast (2018-2025)

12.2.4 Japan Lactic Acid Production, Revenue, Consumption, Export and Import Forecast (2018-2025)

12.2.5 Southeast Asia Lactic Acid Production, Revenue, Consumption, Export and Import Forecast (2018-2025)

12.2.6 India Lactic Acid Production, Revenue, Consumption, Export and Import Forecast (2018-2025)

12.3 Global Lactic Acid Production, Revenue and Price Forecast by Type (2018-2025)

12.4 Global Lactic Acid Consumption Forecast by Application (2018-2025)

13 Research Findings and Conclusion

14 Appendix

14.1 Methodology/Research Approach

14.1.1 Research Programs/Design

14.1.2 Market Size Estimation

14.1.3 Market Breakdown and Data Triangulation

14.2 Data Source

14.2.1 Secondary Sources

14.2.2 Primary Sources

14.3 Disclaimer
Figure Picture of Lactic Acid

Figure Global Lactic Acid Production (K MT) and CAGR (%) Comparison by Types (Product Category) (2013-2025)

Figure Global Lactic Acid Production Market Share by Types (Product Category) in 2017

Figure Product Picture of Glazed Ceramic Tile

Table Major Manufacturers of Glazed Ceramic Tile

Figure Product Picture of Unglazed Ceramic Tile

Table Major Manufacturers of Unglazed Ceramic Tile

Figure Product Picture of Porcelain Tile

Table Major Manufacturers of Porcelain Tile

Figure Global Lactic Acid Consumption (K MT) by Applications (2013-2025)

Figure Global Lactic Acid Consumption Market Share by Applications in 2017

Figure Household Usage Examples

Table Key Downstream Customer in Household Usage

Figure Commercial Usage Examples

Table Key Downstream Customer in Commercial Usage

Figure Global Lactic Acid Market Size (Million USD), Comparison (K MT) and CAGR (%) by Regions (2013-2025)

Figure North America Lactic Acid Revenue (Million USD) and Growth Rate (2013-2025)

Figure Europe Lactic Acid Revenue (Million USD) and Growth Rate (2013-2025)

Figure China Lactic Acid Revenue (Million USD) and Growth Rate (2013-2025)

Figure Japan Lactic Acid Revenue (Million USD) and Growth Rate (2013-2025)

Figure Southeast Asia Lactic Acid Revenue (Million USD) and Growth Rate (2013-2025)

Figure India Lactic Acid Revenue (Million USD) and Growth Rate (2013-2025)

Figure Global Lactic Acid Revenue (Million USD) Status and Outlook (2013-2025)

Figure Global Lactic Acid Capacity, Production (K MT) Status and Outlook (2013-2025)

Figure Global Lactic Acid Major Players Product Capacity (K MT) (2013-2018)

Table Global Lactic Acid Capacity (K MT) of Key Manufacturers (2013-2018)

Table Global Lactic Acid Capacity Market Share of Key Manufacturers (2013-2018)

Figure Global Lactic Acid Capacity (K MT) of Key Manufacturers in 2017

Figure Global Lactic Acid Capacity (K MT) of Key Manufacturers in 2018

Figure Global Lactic Acid Major Players Product Production (K MT) (2013-2018)

Table Global Lactic Acid Production (K MT) of Key Manufacturers (2013-2018)

Table Global Lactic Acid Production Share by Manufacturers (2013-2018)

Figure 2017 Lactic Acid Production Share by Manufacturers

Figure 2017 Lactic Acid Production Share by Manufacturers

Figure Global Lactic Acid Major Players Product Revenue (Million USD) (2013-2018)

Table Global Lactic Acid Revenue (Million USD) by Manufacturers (2013-2018)

Table Global Lactic Acid Revenue Share by Manufacturers (2013-2018)

Table 2017 Global Lactic Acid Revenue Share by Manufacturers

Table 2018 Global Lactic Acid Revenue Share by Manufacturers

Table Global Market Lactic Acid Average Price (USD/MT) of Key Manufacturers (2013-2018)

Figure Global Market Lactic Acid Average Price (USD/MT) of Key Manufacturers in 2017

Table Manufacturers Lactic Acid Manufacturing Base Distribution and Sales Area

Table Manufacturers Lactic Acid Product Category

Figure Lactic Acid Market Share of Top 3 Manufacturers

Figure Lactic Acid Market Share of Top 5 Manufacturers

Table Global Lactic Acid Capacity (K MT) by Region (2013-2018)

Figure Global Lactic Acid Capacity Market Share by Region (2013-2018)

Figure Global Lactic Acid Capacity Market Share by Region (2013-2018)

Figure 2017 Global Lactic Acid Capacity Market Share by Region

Table Global Lactic Acid Production by Region (2013-2018)

Figure Global Lactic Acid Production (K MT) by Region (2013-2018)

Figure Global Lactic Acid Production Market Share by Region (2013-2018)

Figure 2017 Global Lactic Acid Production Market Share by Region

Table Global Lactic Acid Revenue (Million USD) by Region (2013-2018)

Table Global Lactic Acid Revenue Market Share by Region (2013-2018)

Figure Global Lactic Acid Revenue Market Share by Region (2013-2018)

Table 2017 Global Lactic Acid Revenue Market Share by Region

Figure Global Lactic Acid Capacity, Production (K MT) and Growth Rate (2013-2018)

Table Global Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Table North America Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Table Europe Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Table China Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Table Japan Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Table Southeast Asia Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Table India Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Table Global Lactic Acid Consumption (K MT) Market by Region (2013-2018)

Table Global Lactic Acid Consumption Market Share by Region (2013-2018)

Figure Global Lactic Acid Consumption Market Share by Region (2013-2018)

Figure 2017 Global Lactic Acid Consumption (K MT) Market Share by Region

Table North America Lactic Acid Production, Consumption, Import & Export (K MT) (2013-2018)

Table Europe Lactic Acid Production, Consumption, Import & Export (K MT) (2013-2018)

Table China Lactic Acid Production, Consumption, Import & Export (K MT) (2013-2018)

Table Japan Lactic Acid Production, Consumption, Import & Export (K MT) (2013-2018)

Table Southeast Asia Lactic Acid Production, Consumption, Import & Export (K MT) (2013-2018)

Table India Lactic Acid Production, Consumption, Import & Export (K MT) (2013-2018)

Table Global Lactic Acid Production (K MT) by Type (2013-2018)

Table Global Lactic Acid Production Share by Type (2013-2018)

Figure Production Market Share of Lactic Acid by Type (2013-2018)

Figure 2017 Production Market Share of Lactic Acid by Type

Table Global Lactic Acid Revenue (Million USD) by Type (2013-2018)

Table Global Lactic Acid Revenue Share by Type (2013-2018)

Figure Production Revenue Share of Lactic Acid by Type (2013-2018)

Figure 2017 Revenue Market Share of Lactic Acid by Type

Table Global Lactic Acid Price (USD/MT) by Type (2013-2018)

Figure Global Lactic Acid Production Growth by Type (2013-2018)

Table Global Lactic Acid Consumption (K MT) by Application (2013-2018)

Table Global Lactic Acid Consumption Market Share by Application (2013-2018)

Figure Global Lactic Acid Consumption Market Share by Applications (2013-2018)

Figure Global Lactic Acid Consumption Market Share by Application in 2017

Table Global Lactic Acid Consumption Growth Rate by Application (2013-2018)

Figure Global Lactic Acid Consumption Growth Rate by Application (2013-2018)

Table SCG Basic Information, Manufacturing Base, Sales Area and Its Competitors

Table SCG Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Figure SCG Lactic Acid Production Growth Rate (2013-2018)

Figure SCG Lactic Acid Production Market Share (2013-2018)

Figure SCG Lactic Acid Revenue Market Share (2013-2018)

Table Mohawk Basic Information, Manufacturing Base, Sales Area and Its Competitors

Table Mohawk Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Figure Mohawk Lactic Acid Production Growth Rate (2013-2018)

Figure Mohawk Lactic Acid Production Market Share (2013-2018)

Figure Mohawk Lactic Acid Revenue Market Share (2013-2018)

Table Lamosa Basic Information, Manufacturing Base, Sales Area and Its Competitors

Table Lamosa Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Figure Lamosa Lactic Acid Production Growth Rate (2013-2018)

Figure Lamosa Lactic Acid Production Market Share (2013-2018)

Figure Lamosa Lactic Acid Revenue Market Share (2013-2018)

Table RAK Ceramics Basic Information, Manufacturing Base, Sales Area and Its Competitors

Table RAK Ceramics Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Figure RAK Ceramics Lactic Acid Production Growth Rate (2013-2018)

Figure RAK Ceramics Lactic Acid Production Market Share (2013-2018)

Figure RAK Ceramics Lactic Acid Revenue Market Share (2013-2018)

Table Rovese Basic Information, Manufacturing Base, Sales Area and Its Competitors

Table Rovese Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Figure Rovese Lactic Acid Production Growth Rate (2013-2018)

Figure Rovese Lactic Acid Production Market Share (2013-2018)

Figure Rovese Lactic Acid Revenue Market Share (2013-2018)

Table Kajaria Basic Information, Manufacturing Base, Sales Area and Its Competitors

Table Kajaria Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Figure Kajaria Lactic Acid Production Growth Rate (2013-2018)

Figure Kajaria Lactic Acid Production Market Share (2013-2018)

Figure Kajaria Lactic Acid Revenue Market Share (2013-2018)

Table Concorde Basic Information, Manufacturing Base, Sales Area and Its Competitors

Table Concorde Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Figure Concorde Lactic Acid Production Growth Rate (2013-2018)

Figure Concorde Lactic Acid Production Market Share (2013-2018)

Figure Concorde Lactic Acid Revenue Market Share (2013-2018)

Table Interceramic Basic Information, Manufacturing Base, Sales Area and Its Competitors

Table Interceramic Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Figure Interceramic Lactic Acid Production Growth Rate (2013-2018)

Figure Interceramic Lactic Acid Production Market Share (2013-2018)

Figure Interceramic Lactic Acid Revenue Market Share (2013-2018)

Table Pamesa Basic Information, Manufacturing Base, Sales Area and Its Competitors

Table Pamesa Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Figure Pamesa Lactic Acid Production Growth Rate (2013-2018)

Figure Pamesa Lactic Acid Production Market Share (2013-2018)

Figure Pamesa Lactic Acid Revenue Market Share (2013-2018)

Table Casalgrande Padana Basic Information, Manufacturing Base, Sales Area and Its Competitors

Table Casalgrande Padana Lactic Acid Capacity, Production (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2013-2018)

Figure Casalgrande Padana Lactic Acid Production Growth Rate (2013-2018)

Figure Casalgrande Padana Lactic Acid Production Market Share (2013-2018)

Figure Casalgrande Padana Lactic Acid Revenue Market Share (2013-2018)

Table Production Base and Market Concentration Rate of Raw Material

Figure Price Trend of Key Raw Materials

Table Key Suppliers of Raw Materials

Figure Manufacturing Cost Structure of Lactic Acid

Figure Manufacturing Process Analysis of Lactic Acid

Figure Lactic Acid Industrial Chain Analysis

Table Raw Materials Sources of Lactic Acid Major Manufacturers in 2017

Table Major Buyers of Lactic Acid

Table Distributors/Traders List

Figure Global Lactic Acid Capacity, Production (K MT) and Growth Rate Forecast (2018-2025)

Figure Global Lactic Acid Revenue (Million USD) and Growth Rate Forecast (2018-2025)

Figure Global Lactic Acid Price (Million USD) and Trend Forecast (2018-2025)

Table Global Lactic Acid Production (K MT) Forecast by Region (2018-2025)

Figure Global Lactic Acid Production Market Share Forecast by Region (2018-2025)

Table Global Lactic Acid Consumption (K MT) Forecast by Region (2018-2025)

Figure Global Lactic Acid Consumption Market Share Forecast by Region (2018-2025)

Figure North America Lactic Acid Production (K MT) and Growth Rate Forecast (2018-2025)

Figure North America Lactic Acid Revenue (Million USD) and Growth Rate Forecast (2018-2025)

Table North America Lactic Acid Production, Consumption, Export and Import (K MT) Forecast (2018-2025)

Figure Europe Lactic Acid Production (K MT) and Growth Rate Forecast (2018-2025)

Figure Europe Lactic Acid Revenue (Million USD) and Growth Rate Forecast (2018-2025)

Table Europe Lactic Acid Production, Consumption, Export and Import (K MT) Forecast (2018-2025)

Figure China Lactic Acid Production (K MT) and Growth Rate Forecast (2018-2025)

Figure China Lactic Acid Revenue (Million USD) and Growth Rate Forecast (2018-2025)

Table China Lactic Acid Production, Consumption, Export and Import (K MT) Forecast (2018-2025)

Figure Japan Lactic Acid Production (K MT) and Growth Rate Forecast (2018-2025)

Figure Japan Lactic Acid Revenue (Million USD) and Growth Rate Forecast (2018-2025)

Table Japan Lactic Acid Production, Consumption, Export and Import (K MT) Forecast (2018-2025)

Figure Southeast Asia Lactic Acid Production (K MT) and Growth Rate Forecast (2018-2025)

Figure Southeast Asia Lactic Acid Revenue (Million USD) and Growth Rate Forecast (2018-2025)

Table Southeast Asia Lactic Acid Production, Consumption, Export and Import (K MT) Forecast (2018-2025)

Figure India Lactic Acid Production (K MT) and Growth Rate Forecast (2018-2025)

Figure India Lactic Acid Revenue (Million USD) and Growth Rate Forecast (2018-2025)

Table India Lactic Acid Production, Consumption, Export and Import (K MT) Forecast (2018-2025)

Table Global Lactic Acid Production (K MT) Forecast by Type (2018-2025)

Figure Global Lactic Acid Production (K MT) Forecast by Type (2018-2025)

Table Global Lactic Acid Revenue (Million USD) Forecast by Type (2018-2025)

Figure Global Lactic Acid Revenue Market Share Forecast by Type (2018-2025)

Table Global Lactic Acid Price Forecast by Type (2018-2025)

Table Global Lactic Acid Consumption (K MT) Forecast by Application (2018-2025)

Figure Global Lactic Acid Consumption (K MT) Forecast by Application (2018-2025)

Table Research Programs/Design for This Report

Figure Bottom-up and Top-down Approaches for This Report

Figure Data Triangulation

Table Key Data Information from Secondary Sources

Table Key Data Information from Primary Source

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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