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Lactic Acid - Global Market Outlook (2017-2026): Biodegradable Polymers are Expected to Have Considerable Market Share - ResearchAndMarkets.com

November 9, 2018

DUBLIN--(BUSINESS WIRE)--Nov 9, 2018--The “Lactic Acid - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.

According to this report, the Lactic Acid market accounted for $2.65 billion in 2017 and is expected to reach $13.23 billion by 2026 growing at a CAGR of 19.6%.

Factors influencing the market growth include rising demand for environment-friendly products, increasing demand for green packaging and growing medical expenditure coupled with the growth of pharmaceutical industries. However, factors such as fluctuation in raw material prices are hindering the market growth.

Based on end user, biodegradable polymers segment is expected to have considerable market share due to growing environmental concerns from petroleum-based polymers, increasing consumer awareness about eco-friendly packaging, fluctuation in oil prices and rising demand for natural, sustainable and green products.

By geography, North America was the dominant market. The region is likely to show extensive growth in light of high demand for PLA and personal care products. Rising pharmaceutical and fragrance industry is expected to drive industry expansion in North America. Rising pharmaceutical industry in the U.S. and Mexico due to government support and increasing investment by local participants will fuel industry expansion over the upcoming years.

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Lactic Acid Market, By Source

6 Global Lactic Acid Market, By Function

7 Global Lactic Acid Market, By Ingredients

8 Global Lactic Acid Market, By End-User

9 Global Lactic Acid Market, By Application

10 Global Lactic Acid Market, By Geography

11 Key Developments

12 Company Profiling

BASF The DOW Chemical Company ADM Galactic Plaxica Chongqing Bofei Biochemical Products Wuhan Sanjiang Space Good Biotech Yancheng Haijianuo Biological Engineering Bioprox Jungbunzlauer Myriant Corporation Vaishnavi Bio Tech Thyssenkrupp Teijin Limited Corbion Henan Jindan Lactic Acid Co. Ltd. PURAC Natureworks LLC Futerro Sulzer

For more information about this report visit https://www.researchandmarkets.com/research/wqtb97/lactic_acid?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181109005406/en/

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Related Topics:Chemicals

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/09/2018 11:09 AM/DISC: 11/09/2018 11:09 AM

http://www.businesswire.com/news/home/20181109005406/en

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