DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Lactic Acid Market Analysis By Application (Industrial, F&B, Pharmaceuticals, Personal Care) & Polylactic Acid (PLA) Market Analysis By Application (Packaging, Agriculture, Transport, Electronics, Textiles), And Segment Forecasts, 2014 - 2025" report to their offering.
The global lactic acid & polylactic acid market is expected to reach USD 9.8 billion and USD 6.5 billion respectively by 2025
Rising demand for lactic acid as pH regulator and preservatives for food & beverages sector is expected to fuel its demand over the next eight years. Growing cosmetic industry, on account of the increasing number of manufacturing base by companies including Unilever, Johnson & Johnson, and P&G in the U.S. is expected to drive industry expansion.
Growing consumer awareness regarding the need for sustainability, biodegradability, recyclability, and green packaging is projected to drive global PLA usage over the forecast period. Moreover, various manufacturers are engaged in improving properties of PLA including impact strength, flexibility, stiffness, barrier properties, thermal stability, increase degradation rate, and reduce production costs, which is likely to create immense market potential.
Pharmaceuticals accounted for 7.5% of the overall revenue share of lactic acid in 2016 and are expected to witness high gains as the product serves as a pH-regulation, chiral intermediate, and metal sequestration as well as a natural body constituent. Increasing need for pharmaceutical grade creams and other medicines among consumers is expected to propel demand over the forecast period.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Lactic Acid & Polylactic Acid Market Variables, Trends & Scope
4. Lactic Acid Market: Application Outlook
5. Polylactic Acid Market: Application Outlook
6. Lactic Acid Market: Regional Outlook
7. Polylactic Acid Market: Regional Outlook
8. Competitive Landscape
9. Company Profiles
- Danimer Scientific LLC
- Henan Jindan Lactic Acid Technology Co. Ltd
- Musashino Chemical (China) Co. Ltd
- NatureWorks LLC
- Corbion Purac
- Synbra Technology BV
- Zhejiang Hisun Biomaterials Co., Ltd
- VAISHNAVI BIO-TECH LIMITED
- Teijin Ltd
For more information about this report visit https://www.researchandmarkets.com/research/g4372b/lactic_acid