Lactic Acid Market Size USD 1156.5 Million by 2026 at a CAGR 2.5% | Valuates Reports - Seite 2

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LACTIC ACID MARKET SHARE

North America is expected to hold the largest lactic acid market share. The North American region is experiencing a rising demand for basic chemicals, mainly from the construction industry. There are major chemical manufacturers in North America, and there are substantial possibilities for new production capacity in the region. For various chemicals, such as esters, biosolvents, pyruvic acid and acrylic acid, lactic acid serves as an essential precursor. Lactic acid market growth is likely to be driven by growing demand for various specialty chemicals such as electronics, adhesives, coatings, oilfield, cosmetics, flavor and fragrance chemicals.

The Asia Pacific is expected to witness the highest growth during the forecast period due to the large-scale use in industrial applications such as in personal care products, biodegradable polymers, pharmaceuticals, and food & beverages industries. The demand for lactic acid in food products is motivated by a growing demand for processed and functional food. Lactic acid increases the shelf life of food products and makes them perishable.

By Region

• North America,
• Europe,
• Asia-Pacific,
• South America,
• Middle East & Africa.

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LACTIC ACID MARKET SEGMENTATION

By the product type, the market is primarily split into

• Food Grade
• Industrial Grade
• Pharmaceutical Grade.

By the end users/application, this report covers the following segments

• Pharmaceutical
• Home & personal Care
• Industrial Applications
• Food & Beverage
• Others.

Who are the major vendors in the Lactic Acid Market?

• Corbion
• Naturework
• Galactic
• Henan Jindan Lactic Acid Technology
• COFCO Biochemical
• Musashino Chemical
• Yancheng Haijianuo
• Wuhan Sanjiang Space Good Biotech
• Shanxi Biochemical
• Jungbunzlauer
• Zhengzhou Tianrun
• Shangdong Fullsail
• Tripura Bio Tech Limited.

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