Lactic Acid and Polylactic Acid Market- Global Industry Analysis 2015-2023

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Research
Lactic Acid Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023
Published Date
13-July-2015
206 Page Report
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Press Release
Lactic Acid Market is Expected to Reach US$ 3,381.8 Mn and
Global Polylactic Acid Market is Anticipated to Reach US$ 1,358.1
Mn in 2023 : TMR
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Lactic Acid Market
REPORT DESCRIPTION
Lactic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Transparency Market Research has released a new market report titled “Lactic Acid Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the
global lactic acid market was valued at US$ 1,130.4 Mn in 2014 and is projected to reach US$ 3,381.8 Mn in
2023, expanding at a CAGR of 13.0% between 2015 and 2023. On the other hand, the global polylactic acid
market was valued at US$ 400.1 Mn in 2014 and is estimated to reach US$ 1,358.1 Mn in 2023, expanding at
a CAGR of 14.6% between 2015 and 2023.
Browse the full Lactic Acid Market (Food and Beverage, Personal Care, Pharmaceutical, Biodegradable
Plastics and Other End-users) and Polylactic Acid Market (Packaging, Textile, Electronics, Automotive,
Biomedical and Other End-users) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2015 – 2023 report at : http://www.transparencymarketresearch.com/lactic-poly-lactic-acid.html
Lactic acid is one of the key carboxylic acids used in biodegradable plastics and food and beverage industries.
It is primarily used as a pH regulator in the food and beverage industry. In addition, lactic acid is employed in
personal care and pharmaceutical industries. Growing downstream markets such as bio-based plastics is
estimated to result in sustainable growth in the lactic acid market during the forecast period.
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Biodegradable plastics was the largest end-user segment of the lactic acid market with more than 30% share
in 2014. It is expected to be the fastest growing segment of the lactic acid market during the forecast period.
Food and beverage, personal care, and pharmaceutical segments are also anticipated to account for
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significantly high share in the lactic acid market in the near future. Increasing demand for bioplastics is likely to
augment the demand for biodegradable plastics in the lactic acid market in the near future.
Other Market Research Report By :
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Kaolin Custom : http://www.transparencymarketresearch.com/kaolin-custom20150527015118.html

Antimicrobial Coatings Market : http://www.transparencymarketresearch.com/anti-microbial-coatingmarket.html
Polylactic acid belongs to the group of bioplastics and is primarily used in packaging, textile, electronics, and
various other end-user industries. It is chiefly used in packaging of food and beverages, trays, garbage bags,
as well as employed in woven and non-woven textiles. In addition to packaging and textile industries, polylactic
acid is utilized in electronics, biomedical, and consumer goods industries. Growing downstream markets such
as packaging and biomedical industries would lead to sustainable growth in the polylactic acid market during
the forecast period.
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Packaging was the largest end-user segment of the polylactic acid market with a share of over 45% in 2014. It
is expected to be the fastest growing segment of the polylactic acid during the forecast period. Textile,
electronics, automotive, and biomedical end-user segments are also likely to hold significantly high share in the
global polylactic acid market in the near future. Rising demand for polylactic acid in the packaging segment is
projected to augment the global demand for polylactic acid in the near future.
Key players operating in the lactic acid and polylactic acid markets include Corbion NV, NatureWorks LLC,
Henan Jindan Lactic Acid Technology Co., Ltd., Archer Daniels Midland Company, Synbra Technology BV,
Zhejiang Hisun Biomaterials Co., Ltd., Teijin Ltd., Galactic, and Futerro.
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The report segments the global lactic acid and polylactic acid markets as follows:
Lactic Acid Market - End-user Analysis
•
Food and Beverage
•
Personal Care
•
Pharmaceutical
•
Biodegradable Plastics
•
Others (Including detergents, etc.)
Polylactic Acid Market - End-user Analysis
•
Packaging
•
Textile
•
Electronics
•
Automotive
•
Biomedical
•
Others (Including printing, etc.)
Lactic Acid and Polylactic Acid Market - Regional Analysis
North America
•
U.S.
•
Rest of North America
Europe
•
France
•
Germany
•
Italy
•
Netherlands
•
UK
•
Rest of Europe
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Asia Pacific
•
China
•
Japan
•
ASEAN
•
Rest of Asia Pacific
Latin America
•
Brazil
•
Rest of Latin America
Middle East & Africa (MEA)
•
GCC Countries
•
South Africa
•
Rest of MEA
TABLE OF CONTENT
Chapter 1 Preface
1.1 Research Description
1.2 Market Segmentation
1.2.1 Global Lactic Acid Market Segmentation, by End-user and Region
1.2.2 Global Polylactic Acid Market Segmentation, by End-user and Region
1.3 Research Scope
1.3.1 Assumptions
1.4 Research Methodology
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Chapter 2 Executive Summary
2.1 Global Lactic Acid Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
2.2 Global Polylactic Acid Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
Chapter 3 Lactic Acid and Polylactic Acid Market– Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Strong Outlook for Bioplastics from Packaging Industry to Drive Lactic and Polylactic Acid Market
Subsequently
3.3.1.1 Global Packaging Market Revenue, 2013-2023 (US$ Bn)
3.3.1.2 Global Bioplastics Market Volume, 2013-2023 (Kilo Tons)
3.3.2 Rising Demand from Food and Beverage Industry Expected to Drive Lactic Acid Market
3.3.2.1 Global Food Products Market Revenue, 2013-2023 (US$ Trillion)
3.3.2.2 Global Beverages Market Revenue, 2013-2023 (US$ Trillion)
3.3.3 Growing Demand from Biomedical Industry anticipated to drive the Polylactic Acid Market
3.3.3.1 Global Biomaterials Market Revenue, 2013-2023 (US$ Bn)
3.4 Restraints
3.4.1 Availability of Potential Substitutes and High Production Cost Anticipated to Act as Restraint to Polylactic
Acid Market
3.4.1.1 Cost Comparison of Polylactic Acid and Polyethylene, 2013-2023 (US$/Ton)
3.4.2 Fluctuation in Raw Material Prices Expected to Act as Restraint to Lactic Acid Market
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3.4.2.1 Prices of Various Raw materials for Lactic Acid, 2011-2023 (US$/Ton)
3.5 Opportunity
3.5.1 Chemical recycling of polylactic acid is likely to act as an opportunity
3.5.2 Production of lactic acid through alternative potential raw materials is likely to act as an opportunity for
lactic acid market
3.6 Lactic Acid Market - Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat from New Entrants
3.6.4 Threat from Substitutes
3.6.5 Degree of Competition
3.7 Polylactic Acid Market - Porter’s Five Forces Analysis
3.7.1 Bargaining Power of Suppliers
3.7.2 Bargaining Power of Buyers
3.7.3 Threat from New Entrants
3.7.4 Threat from Substitutes
3.7.5 Degree of Competition
3.8 Lactic Acid Market - Attractiveness Analysis
3.8.1 Global Lactic Acid Market Attractiveness, by End-User, 2014
3.9 Polylactic Acid Market - Attractiveness Analysis
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3.9.1 Global Polylactic Acid Market Attractiveness, by End-User, 2014
3.10 Lactic Acid - Company Market Share Analysis
3.10.1 Global Lactic Acid Market Share, by Company, 2014
3.11 Polylactic Acid - Company Market Share Analysis
3.11.1 Global Polylactic Acid Market Share, by Company, 2014
Chapter 4 Raw Material and Price Trend Analysis
4.1 Manufacturing Process (Lactic Acid)
4.1.1 Microbial Fermentation Process: Gypsum Process
4.2 Manufacturing Process (Polylactic Acid)
4.2.1 Ring-opening Polymerization Method
4.3 Global Raw Material Price Trends (Lactic Acid), 2014 – 2023
4.4 Global Lactic Acid Price Trends, 2014 – 2023
4.5 Global Polylactic Acid Price Trends, 2014 – 2023
Chapter 5 Lactic Acid Market – End-user Analysis
5.1 Global Lactic Acid Market: End-user Overview
5.1.1 Global Lactic Acid Market Volume Share, by End-users, 2014 and 2023
5.2 Food and Beverage
5.2.1 Global Lactic Acid Demand for Food & Beverage, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.3 Personal Care
5.3.1 Global Lactic Acid Demand for Personal Care, 2014 – 2023 (Kilo Tons) (US$ Mn)
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5.4 Pharmaceutical
5.4.1 Global Lactic Acid Demand for Pharmaceutical, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.5 Biodegradable Plastics
5.5.1 Global Lactic Acid Demand for Biodegradable Plastics, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.6 Others (Including detergents, etc.)
5.6.1 Global Lactic Acid Demand for Other End-users, 2014 – 2023 (Kilo Tons) (US$ Mn)
Chapter 6 Lactic Acid Market - Regional Analysis
6.1 Global Lactic Acid Market: Regional Overview
6.1.1 Global Lactic Acid Market Volume Share, by Region, 2014 and 2023
6.2 North America
6.2.1 North America Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
6.2.2 North America Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.2.3 U.S.
6.2.3.1 U.S. Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.2.3.2 U.S. Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.2.4 Rest of North America
6.2.4.1 Rest of North America Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.2.4.2 Rest of North America Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.3 Europe
6.3.1 Europe Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
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6.3.2 Europe Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.3.3 France
6.3.3.1 France Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.3.3.2 France Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.3.4 Germany
6.3.4.1 Germany Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.3.4.2 Germany Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.3.5 Italy
6.3.5.1 Italy Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.3.5.2 Italy Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.3.6 Netherlands
6.3.6.1 Netherlands Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.3.6.2 Netherlands Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.3.7 U.K.
6.3.7.1 U.K. Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.3.7.2 U.K. Lactic acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.3.8 Rest of Europe
6.3.8.1 Rest of Europe Lactic acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.3.8.2 Rest of Europe Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.4 Asia Pacific
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6.4.1 Asia Pacific Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
6.4.2 Asia Pacific Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.4.3 China
6.4.3.1 China Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
6.4.3.2 China Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.4.4 Japan
6.4.4.1 Japan Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
6.4.4.2 Japan Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.4.5 ASEAN
6.4.5.1 ASEAN Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.4.5.2 ASEAN Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.4.6 Rest of Asia Pacific
6.4.6.1 Rest of Asia Pacific Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
6.4.6.2 Rest of Asia Pacific Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.5 Latin America
6.5.1.1 Latin America Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
6.5.1.2 Latin America Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.5.2 Brazil
6.5.2.1 Brazil Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.5.2.2 Brazil Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
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6.5.3 Rest of Latin America
6.5.3.1 Rest of Latin America Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.5.3.2 Rest of Latin America Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.6 Middle East & Africa
6.6.1.1 Middle East & Africa Lactic Acid Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
6.6.1.2 Middle East & Africa Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.6.2 GCC
6.6.2.1 GCC Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.6.2.2 GCC Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.6.3 South Africa
6.6.3.1 South Africa Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.6.3.2 South Africa Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.6.4 Rest of Middle East & Africa
6.6.4.1 Rest of Middle East & Africa Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.6.4.2 Rest of Middle East & Africa Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
Chapter 7 Polylactic Acid Market – End-user Analysis
7.1 Global Polylactic Acid Market: End-user Overview
7.1.1 Global Polylactic Acid Market Volume Share, by End-users, 2014 and 2023
7.2 Packaging
7.2.1 Global Polylactic Acid Demand for Packaging, 2014 – 2023 (Kilo Tons) (US$ Mn)
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7.3 Textiles
7.3.1 Global Polylactic Acid Demand for Textiles, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.4 Electronics
7.4.1 Global Polylactic Acid Demand for Electronics, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.5 Automotive
7.5.1 Global Polylactic Acid Demand for Automotive, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.6 Biomedical
7.6.1 Global Polylactic Acid Demand for Biomedical, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.7 Others (Including consumer goods, 3D printing, etc.)
7.7.1 Global Polylactic Acid Demand for Other End-users, 2014 – 2023 (Kilo Tons) (US$ Mn)
Chapter 8 Polylactic Acid Market - Regional Analysis
8.1 Global Polylactic Acid Market: Regional Overview
8.1.1 Global Polylactic Acid Market Volume Share, by Region, 2014 and 2023
8.2 North America
8.2.1 North America Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
8.2.2 North America Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.2.3 U.S.
8.2.3.1 U.S. Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.2.3.2 U.S. Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.2.4 Rest of North America
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8.2.4.1 Rest of North America Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.2.4.2 Rest of North America Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.3 Europe
8.3.1 Europe Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
8.3.2 Europe Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.3.3 France
8.3.3.1 France Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.3.3.2 France Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.3.4 Germany
8.3.4.1 Germany Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.3.4.2 Germany Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.3.5 Italy
8.3.5.1 Italy Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.3.5.2 Italy Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.3.6 Netherlands
8.3.6.1 Netherlands Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.3.6.2 Netherlands Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.3.7 U.K.
8.3.7.1 U.K. Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.3.7.2 U.K. Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
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8.3.8 Rest of Europe
8.3.8.1 Rest of Europe Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.3.8.2 Rest of Europe Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.4 Asia Pacific
8.4.1 Asia Pacific Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
8.4.2 Asia Pacific Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.4.3 China
8.4.3.1 China Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
8.4.3.2 China Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.4.4 Japan
8.4.4.1 Japan Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
8.4.4.2 Japan Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.4.5 ASEAN
8.4.5.1 ASEAN Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.4.5.2 ASEAN Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.4.6 Rest of Asia Pacific
8.4.6.1 Rest of Asia Pacific Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
8.4.6.2 Rest of Asia Pacific Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.5 Latin America
8.5.1.1 Latin America Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
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8.5.1.2 Latin America Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.5.2 Brazil
8.5.2.1 Brazil Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.5.2.2 Brazil Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.5.3 Rest of Latin America
8.5.3.1 Rest of Latin America Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.5.3.2 Rest of Latin America Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.6 Middle East & Africa
8.6.1.1 Middle East & Africa Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
8.6.1.2 Middle East & Africa Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.6.2 GCC
8.6.2.1 GCC Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.6.2.2 GCC Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.6.3 South Africa
8.6.3.1 South Africa Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.6.3.2 South Africa Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.6.4 Rest of Middle East & Africa
8.6.4.1 Rest of Middle East & Africa Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.6.4.2 Rest of Middle East & Africa Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
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Chapter 9 Company Profiles
9.1 Corbion NV
9.2 Henan Jindan Lactic Acid Technology Co., Ltd.
9.3 Galactic
9.4 Jungbunzlauer Suisse AG
9.5 Archer Daniels Midland Company
9.6 Musashino Chemical Laboratory, Ltd.
9.7 Futerro
9.8 NatureWorks LLC
9.9 Synbra Technology BV
9.10 Teijin Ltd.
9.11 Yancheng Hai Jianuo Biological Engineering Co., Ltd.
9.12 Zhejiang Hisun Biomaterials Co., Ltd.
Chapter 10 Primary Research - Key Findings
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This report analyzes and forecasts the market for lactic acid and polylactic acid at the global, regional, and country level. The market has been forecast based on volume (Kilo Tons) and revenue (US$ Mn) from 2015 to 2023. The study includes drivers and restraints of the global lactic acid and polylactic acid market. It also covers the impact of these drivers and restraints on the demand for lactic acid and polylactic acid during the forecast period. Additionally, the report highlights opportunities in the lactic acid and polylactic acid markets globally and regionally. Browse The Full Market Report ,Here : http://www.transparencymarketresearch.com/lactic-poly-lactic-acid.html