Global Lactic Acid Market

MARKET DYNAMICS

The growth of lactic acid market can be attributed to the fact that there has been growing cosmetic industry on account of an increasing manufacturing base by companies such as Johnson & Johnson, Unilever and P&G in the US. This is expected to promote demand for personal care products which in turn will lead to a fuel in lactic acid market. The other factors for the growth can be augmented to the increasing demand for environment-friendly products due to increase in awareness among individuals and the high cost of products that are derived from petrochemical feed stocks. Lactic acid on the other hand are also used in the production of PLA plastics, which are environmental friendly and are mainly used for packaging products. There has been a rapid expansion in the PLA market as well die to the growth in lactic acid.

MARKET SEGMENTATION

Lactic acid market can be segmented on the basis of application and region.

On the basis of application-

--> Industrial

--> Personal care

--> Food and beverages

--> Pharmaceuticals

On the basis of region-

--> Europe - largest market for polylactic acid

--> North America - dominant market

--> Asia Pacific

--> Central and South America

--> Middle East and Africa

GEOGRAPHICAL ANALYSIS

In 2016 North America was the largest and the dominant market for lactic acid accounting for 34.4% of the overall volume. Apart from this, with the help of government's support there has been a rising pharmaceutical and fragrance industry which is expected to drive the industry expansion. Europe followed by Asia-Pacific is estimated to grow at a faster rate given the increasing demands for environmental-friendly products and the high co of products that are derived from petrochemical feed stocks. On the other hand Europe is the largest market for polylactic acid. Government regulations and the growing environmental concerns are the key drivers of the PLA market.

KEY PLAYERS

The major players in the market are BASF SE, The Dow Chemical Company, Teijin Ltd., CSM N.V. and NatureWorks LLC.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage