Lactic Acid Market Is Expected to Reach Us$ 3,381.8 Mn in 2023.Pdf

Transparency Market

Research

Lactic Acid and Polylactic Acid Market- Global

Industry Analysis 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 Acids Market

REPORT DESCRIPTION

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 Endusers) - 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.

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...