Global Lactic Acid Market and Acrylic Acid Industry Size & Forecast to 2026 Report Covered By (Functions, Ingredients, End Users, Applications & Regions)
New Report on “Lactic Acid-Global Market Outlook (2017-2026)” and “Acrylic Acid-Global Market Outlook (2017-2026)” added to orbisresearch.com store
Dallas, United States – October 19, 2018 /MarketersMedia/ —
The Lactic Acid Market is 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.
Lactic acid is an organic water soluble compound produced by the chemical breakdown of carbohydrates such as lactose or glucose. Lactic acids are mostly used for the conservation and flavoring. Moreover, it is also used in the manufacturing of some other chemicals such as acrylic acid, dilactide and glycol. Lactic acid is also used in the pharmaceutical sector for the production of water-soluble lactates.
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.
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Some of the key players in the Lactic Acid market include 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 and Sulzer.
Sources Covered:
• Synthetic Source
• Natural Source
Functions Covered:
• Flavour
• Preservative
• Mineral Fortification
• Antimicrobial Agent
• pH Regulator
• Other Functions
Ingredients Covered:
• Wheat
• Corn/Maize
• sugarcane
• Cassava
End Users Covered:
• Pharmaceuticals
• Biodegradable Polymers
• Personal Care Products
• Food and Beverages
• Chemical
• Other End Users
Applications Covered:
• Baked Products
• Dairy Products
• Savoury Flavours
• Pickled Vegetables
• Salad Dressing
• Meat Poultry and Fish
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What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
Another Report: “Acrylic Acid-Global Market Outlook (2017-2026)”
The Acrylic Acid Market is accounted for $14956.48 million in 2017 and is expected to reach $34817.86 million by 2026 growing at a CAGR of 9.8%. Growing demand in emerging markets, increasing demand from end user industries and rising demand for high strength materials are factors fuelling the market growth. However, volatile prices of the raw materials and stringent government regulations are hindering the market growth. Moreover, demand for Polymethyl methacrylate (PMMA) resins in different industries provides ample opportunities for market growth.
Acrylic acid is an organic compound having tart or acrid smell. The glacial acrylic acid (GAA) is a clear, colorless liquid with a pungent odor. Properties of it includes adaptable to low temperature, acidic odour easily miscible with water, colorless liquid, good weather ability, alcohols, ethers, and chloroform. It is formed from propylene which is a byproduct of ethylene and gasoline production. It is miscible with water, alcohols and ethers.
Based on end user, personal care segment is projected to grow at a steady rate due to increasing demand for super absorbent polymers. Personal care products such as diapers and adult incontinence products are increasingly using super absorbent polymers. By geography, Asia Pacific is anticipated held largest market share due to rising derivatives consumption in surfactants, coatings, personal care products and adhesives. In addition, North America is expected to have considerable market share owing to increasing demand in end user industries and growing geriatric population in the U.S. and Canada.
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Some of the key players in the Acrylic Acid market include BASF SE, The Dow Chemical Co., Bayer AG, Evonik Industries AG, Arkema, Formosa Plastics Co., Nippon Shokubai Co. Ltd., Wanhua Chemical Group, Rohm and Haas, Mitsubishi Chemical Holdings, SDP Global Co. Ltd., LG Chem Ltd., Momentive, Sinopec Group, Idemitsu Petrochemical, Procter & Gamble Co., Sibur, Sanyo Chemical Industries, Ltd., Songwon Industrial Co. Ltd. and American Acryl.
Derivatives Covered:
• Acrylic Polymers
• Acrylic Esters
• Other Derivatives
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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