Lewes, DE -- (SBWire) -- 07/17/2018 --The worldwide market for L(+)-Lactic Acid is expected to grow at a CAGR of roughly 2.1% over the next five years, will reach 700 million US$ in 2023, from 620 million US$ in 2017, according to a new study.
Lactic acid has a systematic name that is 2-hydroxypropionic acid, which is widely existed in nature. Lactic acid is formed when glucose is broken down for energy in the absence of sufficient oxygen.
Scope of the Report:
This report focuses on the L(+)-Lactic Acid in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
L(+)-Lactic acid excellent is produced from natural corn starch by advanced bio-fermentation and refining technology. The lactic acid is colorless to yellow liquid, having a mild acid odor and taste.
In global market, the production of L(+)-Lactic acid increases from 467 KMT in 2011 to 530 K MT in 2015, at a CAGR of more than 3.2%. In 2015, the global L(+)-Lactic acid market is led by USA, capturing about 40.13% of global L(+)-Lactic Acid production. China is the second-largest region-wise market with 27.90% global production share. At present, the major manufacturers of L(+)-Lactic acid are concentrated in Corbion, Naturework, Galactic and Henan Jindan Lactic Acid Technology. Corbion is the world leader, holding 30.51% production market share in 2015.
The global L(+)-Lactic acid revenue exceed 575 Million USD in 2015, at a CAGR of about 2% from 2017 to 2022.
In application, L(+)-Lactic Acid downstream is wide and recently L(+)-Lactic Acid has acquired increasing significance in various fields of food & beverage, home & personal care, industrial applications and pharmaceutical. and others. Globally, the L(+)-Lactic Acid market is mainly driven by growing demand for industrial applications which accounts for nearly 56.78% of total downstream consumption of L(+)-Lactic Acid in global.
In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, L(+)-Lactic Acid production will show a trend of steady growth. In 2022 the production of L(+)-Lactic Acid is estimated to be 668 K MT. On product prices, the slow downward trend in recent years will maintain in the future.
The worldwide market for L(+)-Lactic Acid is expected to grow at a CAGR of roughly 2.1% over the next five years, will reach 700 million US$ in 2023, from 620 million US$ in 2017, according to a new study.
Market Segment by Manufacturers, this report covers
Corbion
Naturework
Galactic
Henan Jindan Lactic Acid Technology
COFCO Biochemical (AnHui)
Musashino Chemical
ADM
Yancheng Haijianuo
Wuhan Sanjiang Space Good Biotech
Shanxi Biochemical
Jungbunzlauer
Zhengzhou Tianrun
Shangdong Fullsail
Tripura Bio Tech Limited
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Food grade
Industrial grade
Pharmaceutical grade
Market Segment by Applications, can be divided into
Pharmaceutical
Home & personal care
Industrial Applications
Food & Beverage
Others
There are 15 Chapters to deeply display the global L(+)-Lactic Acid market.
Chapter 1, to describe L(+)-Lactic Acid Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of L(+)-Lactic Acid, with sales, revenue, and price of L(+)-Lactic Acid, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of L(+)-Lactic Acid, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, L(+)-Lactic Acid market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe L(+)-Lactic Acid sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Spanning over 136 pages "Forecast of Global L(+)-Lactic Acid Market 2023" report covers Market Overview, Manufacturers Profiles, Global L(+)-Lactic Acid Market Competition, by Manufacturer, Global L(+)-Lactic Acid Market Analysis by Regions, North America L(+)-Lactic Acid by Countries, Type, Application and Manufacturers, Europe L(+)-Lactic Acid by Countries, Type, Application and Manufacturers, Asia-Pacific L(+)-Lactic Acid by Countries, Type, Application and Manufacturers, South America L(+)-Lactic Acid by Countries, Type, Application and Manufacturers, Middle East and Africa L(+)-Lactic Acid by Countries, Type, Application and Manufacturers, Global L(+)-Lactic Acid Market Segment by Type, Global L(+)-Lactic Acid Market Segment by Application, L(+)-Lactic Acid Market Forecast (2018-2023), Sales Channel, Distributors, Traders and Dealers, Research Findings and Conclusion, Appendix.
Please visit this link for more details: https://www.marketresearchreports.com/mrrpb1/forecast-global-l-lactic-acid-market-2023
Find all Chemicals Reports at: https://www.marketresearchreports.com/chemicals
For related reports please visit: https://www.marketresearchreports.com/search/site/Lactic%2520Acid
Read our Interactive Market Research Blog
About MarketResearchReprots.com
MarketResearchReprots.com is world's largest store offering quality market research, SWOT analysis, competitive intelligence and industry reports. We help Fortune 500 to Start-Ups with the latest market research reports on global & regional markets which comprise key industries, leading market players, new products and latest industry analysis & trends.
Contact us for your market research requirements:https://www.marketresearchreports.com/contact
