VALIDATED EXECUTIVE ENGAGEMENTS
POOL + OUTREACH
2753
Number of executives repeatedly engaged by snail & email outreach
INTERACTIONS
496
Interactions with Platform & by Email
PARTICIPANTS
83
Unique # Participated
VALIDATIONS
37
Responses Validated*
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DATE
JULY 2020
TABLES
120
PAGES
179
EDITION
19
PRICE
USD $5600
China Has Risen Into An Economic Powerhouse.
Find Out How You Can Leverage This Opportunity!
Amid the COVID-19 crisis, the global market for Lactic Acid estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$9.5 Billion by 2027, growing at a CAGR of 17.7% over the analysis period 2020-2027. Polylactic Acid, one of the segments analyzed in the report, is projected to record a 15.4% CAGR and reach US$2.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Food & Beverages segment is readjusted to a revised 19.3% CAGR for the next 7-year period.
The Lactic Acid market in the U.S. is estimated at US$821.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 22.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13% and 15.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.9% CAGR.
In the global Industrial segment, USA, Canada, Japan, China and Europe will drive the 17.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$458.4 Million in the year 2020 will reach a projected size of US$1.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2027, while Latin America will expand at a 20.2% CAGR through the analysis period. We bring years of research experience to this 19th edition of our report. The 179-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Galactic S.A.; Henan Jindan Lactic Acid Co. Ltd.; Musashino Chemical Laboratory Ltd.; NatureWorks LLC
» Application (Polylactic Acid, Food & Beverages, Industrial, Personal Care, Pharmaceuticals, Other Applications)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa
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05
| I. INTRODUCTION, METHODOLOGY & REPORT SCOPE |
| II. EXECUTIVE SUMMARY |
| 1. MARKET OVERVIEW |
| A Primer |
| Recent Market Activity |
| Lactic Acid Market Poised for Phenomenal Growth |
| PLA Manufacture: The Largest End-use Market of Lactic Acid |
| Food & Beverage: A Major Consumer of Lactic Acid |
| Competitive Landscape |
| Global Competitor Market Shares |
| Lactic Acid Competitor Market Share Scenario Worldwide (in %): 2020 & 2029 |
| Impact of Covid-19 and a Looming Global Recession |
| 2. FOCUS ON SELECT PLAYERS |
| Corbion Purac (The Netherlands) |
| Galactic S.A. (Belgium) |
| Henan Jindan Lactic Acid Co., Ltd. (China) |
| Jungbunzlauer AG (Switzerland) |
| Musashino Chemical Laboratory, Ltd. (Japan) |
| NatureWorks LLC (USA) |
| 3. MARKET TRENDS & DRIVERS |
| EU Permit for Lactic Acid Decontaminant in Bovine Carcasses Opens Doors for US Meat Exporters |
| Need to Reduce Dependence on Fossil Fuel: A Major Influencing Factor |
| Green Image and Strong Chemical Properties Fuels Demand for PLA Resins |
| PLA Market Remains Relatively Consolidated |
| Bioplastics Producers Come Under Fire for Undermining Food Production |
| Manufacturers Strive to Overcome Shortcomings of PLA Resins |
| Trend towards Green Packaging: Opportunities for Lactic Acid Market |
| Technological Developments Create Opportunities for Market Growth |
| Efforts Underway to Develop End-Life Solution for PLA Products |
| Increasing Demand for Greener Cosmetic Chemicals Favors Lactic Acid Market |
| Lactic Acid Derivatives Gain Traction in Booming Green Solvents Market |
| Fermentation Remains Primary Production Process |
| New Raw Materials Being Explored for Production of Lactic Acid |
| 4. GLOBAL MARKET PERSPECTIVE |
| Lactic Acid Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 |
| Lactic Acid Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017 |
| Lactic Acid Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025 |
| Polylactic Acid (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2018-2025 |
| Polylactic Acid (Application) Historic Sales Analysis in US$ Million by Region/Country: 2009-2017 |
| Polylactic Acid (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2009 VS 2019 VS 2025 |
| Food & Beverages (Application) Worldwide Sales in US$ Million by Region/Country: 2018-2025 |
| Food & Beverages (Application) Historic Demand Patterns in US$ Million by Region/Country: 2009-2017 |
| Food & Beverages (Application) Market Share Shift across Key Geographies: 2009 VS 2019 VS 2025 |
| Industrial (Application) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2018-2025 |
| Industrial (Application) Retrospective Demand Analysis in US$ Million by Region/Country: 2009-2017 |
| Industrial (Application) Market Share Breakdown by Region/Country: 2009 VS 2019 VS 2025 |
| Personal Care (Application) Demand Potential Worldwide in US$ Million by Region/Country: 2018-2025 |
| Personal Care (Application) Historic Sales Analysis in US$ Million by Region/Country: 2009-2017 |
| Personal Care (Application) Share Breakdown Review by Region/Country: 2009 VS 2019 VS 2025 |
| Pharmaceuticals (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2018-2025 |
| Pharmaceuticals (Application) Global Historic Analysis in US$ Million by Region/Country: 2009-2017 |
| Pharmaceuticals (Application) Distribution of Global Sales by Region/Country: 2009 VS 2019 VS 2025 |
| Other Applications (Application) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2018 through 2025 |
| Other Applications (Application) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2009 to 2017 |
| Other Applications (Application) Global Market Share Distribution by Region/Country for 2009, 2019, and 2025 |
| III. MARKET ANALYSIS |
| GEOGRAPHIC MARKET ANALYSIS |
| United States |
| Market Facts & Figures |
| US Lactic Acid Market Share (in %) by Company: 2020 & 2025 |
| United States Lactic Acid Latent Demand Forecasts in US$ Million by Application: 2018 to 2025 |
| Lactic Acid Historic Demand Patterns in the United States by Application in US$ Million for 2009-2017 |
| Lactic Acid Market Share Breakdown in the United States by Application: 2009 VS 2019 VS 2025 |
| Canada |
| Canadian Lactic Acid Market Quantitative Demand Analysis in US$ Million by Application: 2018 to 2025 |
| Lactic Acid Market in Canada: Summarization of Historic Demand Patterns in US$ Million by Application for 2009-2017 |
| Canadian Lactic Acid Market Share Analysis by Application: 2009 VS 2019 VS 2025 |
| Japan |
| Japanese Demand Estimates and Forecasts for Lactic Acid in US$ Million by Application: 2018 to 2025 |
| Japanese Lactic Acid Market in US$ Million by Application: 2009-2017 |
| Lactic Acid Market Share Shift in Japan by Application: 2009 VS 2019 VS 2025 |
| China |
| Chinese Demand for Lactic Acid in US$ Million by Application: 2018 to 2025 |
| Lactic Acid Market Review in China in US$ Million by Application: 2009-2017 |
| Chinese Lactic Acid Market Share Breakdown by Application: 2009 VS 2019 VS 2025 |
| Europe |
| Market Facts & Figures |
| European Lactic Acid Market: Competitor Market Share Scenario (in %) for 2020 & 2025 |
| European Lactic Acid Market Demand Scenario in US$ Million by Region/Country: 2018-2025 |
| Lactic Acid Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017 |
| European Lactic Acid Market Share Shift by Region/Country: 2009 VS 2019 VS 2025 |
| European Lactic Acid Addressable Market Opportunity in US$ Million by Application: 2018-2025 |
| Lactic Acid Market in Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2009-2017 |
| European Lactic Acid Market Share Analysis by Application: 2009 VS 2019 VS 2025 |
| France |
| Lactic Acid Quantitative Demand Analysis in France in US$ Million by Application: 2018-2025 |
| French Lactic Acid Historic Market Review in US$ Million by Application: 2009-2017 |
| French Lactic Acid Market Share Analysis: A 17-Year Perspective by Application for 2009, 2019, and 2025 |
| Germany |
| Lactic Acid Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2018-2025 |
| German Lactic Acid Market in Retrospect in US$ Million by Application: 2009-2017 |
| Lactic Acid Market Share Distribution in Germany by Application: 2009 VS 2019 VS 2025 |
| Italy |
| Italian Demand for Lactic Acid in US$ Million by Application: 2018 to 2025 |
| Lactic Acid Market Review in Italy in US$ Million by Application: 2009-2017 |
| Italian Lactic Acid Market Share Breakdown by Application: 2009 VS 2019 VS 2025 |
| United Kingdom |
| United Kingdom Demand Estimates and Forecasts for Lactic Acid in US$ Million by Application: 2018 to 2025 |
| United Kingdom Lactic Acid Market in US$ Million by Application: 2009-2017 |
| Lactic Acid Market Share Shift in the United Kingdom by Application: 2009 VS 2019 VS 2025 |
| Spain |
| Spanish Lactic Acid Market Quantitative Demand Analysis in US$ Million by Application: 2018 to 2025 |
| Lactic Acid Market in Spain: Summarization of Historic Demand Patterns in US$ Million by Application for 2009-2017 |
| Spanish Lactic Acid Market Share Analysis by Application: 2009 VS 2019 VS 2025 |
| Russia |
| Russian Lactic Acid Latent Demand Forecasts in US$ Million by Application: 2018 to 2025 |
| Lactic Acid Historic Demand Patterns in Russia by Application in US$ Million for 2009-2017 |
| Lactic Acid Market Share Breakdown in Russia by Application: 2009 VS 2019 VS 2025 |
| Rest of Europe |
| Rest of Europe Lactic Acid Addressable Market Opportunity in US$ Million by Application: 2018-2025 |
| Lactic Acid Market in Rest of Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2009-2017 |
| Rest of Europe Lactic Acid Market Share Analysis by Application: 2009 VS 2019 VS 2025 |
| Asia-Pacific |
| Asia-Pacific Lactic Acid Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 |
| Lactic Acid Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2009-2017 |
| Asia-Pacific Lactic Acid Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025 |
| Lactic Acid Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2018-2025 |
| Asia-Pacific Lactic Acid Historic Market Review in US$ Million by Application: 2009-2017 |
| Asia-Pacific Lactic Acid Market Share Analysis: A 17-Year Perspective by Application for 2009, 2019, and 2025 |
| Australia |
| Lactic Acid Market in Australia: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2018-2025 |
| Australian Lactic Acid Market in Retrospect in US$ Million by Application: 2009-2017 |
| Lactic Acid Market Share Distribution in Australia by Application: 2009 VS 2019 VS 2025 |
| India |
| Indian Lactic Acid Market Quantitative Demand Analysis in US$ Million by Application: 2018 to 2025 |
| Lactic Acid Market in India: Summarization of Historic Demand Patterns in US$ Million by Application for 2009-2017 |
| Indian Lactic Acid Market Share Analysis by Application: 2009 VS 2019 VS 2025 |
| South Korea |
| Lactic Acid Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Application for the Period 2018-2025 |
| South Korean Lactic Acid Historic Market Analysis in US$ Million by Application: 2009-2017 |
| Lactic Acid Market Share Distribution in South Korea by Application: 2009 VS 2019 VS 2025 |
| Rest of Asia-Pacific |
| Rest of Asia-Pacific Demand Estimates and Forecasts for Lactic Acid in US$ Million by Application: 2018 to 2025 |
| Rest of Asia-Pacific Lactic Acid Market in US$ Million by Application: 2009-2017 |
| Lactic Acid Market Share Shift in Rest of Asia-Pacific by Application: 2009 VS 2019 VS 2025 |
| Latin America |
| Latin American Lactic Acid Market Trends by Region/Country in US$ Million: 2018-2025 |
| Lactic Acid Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2009-2017 |
| Latin American Lactic Acid Market Percentage Breakdown of Sales by Region/Country: 2009, 2019, and 2025 |
| Latin American Demand for Lactic Acid in US$ Million by Application: 2018 to 2025 |
| Lactic Acid Market Review in Latin America in US$ Million by Application: 2009-2017 |
| Latin American Lactic Acid Market Share Breakdown by Application: 2009 VS 2019 VS 2025 |
| Argentina |
| Argentinean Lactic Acid Addressable Market Opportunity in US$ Million by Application: 2018-2025 |
| Lactic Acid Market in Argentina: Summarization of Historic Demand in US$ Million by Application for the Period 2009-2017 |
| Argentinean Lactic Acid Market Share Analysis by Application: 2009 VS 2019 VS 2025 |
| Brazil |
| Lactic Acid Quantitative Demand Analysis in Brazil in US$ Million by Application: 2018-2025 |
| Brazilian Lactic Acid Historic Market Review in US$ Million by Application: 2009-2017 |
| Brazilian Lactic Acid Market Share Analysis: A 17-Year Perspective by Application for 2009, 2019, and 2025 |
| Mexico |
| Lactic Acid Market in Mexico: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2018-2025 |
| Mexican Lactic Acid Market in Retrospect in US$ Million by Application: 2009-2017 |
| Lactic Acid Market Share Distribution in Mexico by Application: 2009 VS 2019 VS 2025 |
| Rest of Latin America |
| Rest of Latin America Lactic Acid Latent Demand Forecasts in US$ Million by Application: 2018 to 2025 |
| Lactic Acid Historic Demand Patterns in Rest of Latin America by Application in US$ Million for 2009-2017 |
| Lactic Acid Market Share Breakdown in Rest of Latin America by Application: 2009 VS 2019 VS 2025 |
| Middle East |
| The Middle East Lactic Acid Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 |
| Lactic Acid Market in the Middle East by Region/Country in US$ Million: 2009-2017 |
| The Middle East Lactic Acid Market Share Breakdown by Region/Country: 2009, 2019, and 2025 |
| The Middle East Lactic Acid Market Quantitative Demand Analysis in US$ Million by Application: 2018 to 2025 |
| Lactic Acid Market in the Middle East: Summarization of Historic Demand Patterns in US$ Million by Application for 2009-2017 |
| The Middle East Lactic Acid Market Share Analysis by Application: 2009 VS 2019 VS 2025 |
| Iran |
| Iranian Demand Estimates and Forecasts for Lactic Acid in US$ Million by Application: 2018 to 2025 |
| Iranian Lactic Acid Market in US$ Million by Application: 2009-2017 |
| Lactic Acid Market Share Shift in Iran by Application: 2009 VS 2019 VS 2025 |
| Israel |
| Israeli Lactic Acid Addressable Market Opportunity in US$ Million by Application: 2018-2025 |
| Lactic Acid Market in Israel: Summarization of Historic Demand in US$ Million by Application for the Period 2009-2017 |
| Israeli Lactic Acid Market Share Analysis by Application: 2009 VS 2019 VS 2025 |
| Saudi Arabia |
| Saudi Arabian Demand for Lactic Acid in US$ Million by Application: 2018 to 2025 |
| Lactic Acid Market Review in Saudi Arabia in US$ Million by Application: 2009-2017 |
| Saudi Arabian Lactic Acid Market Share Breakdown by Application: 2009 VS 2019 VS 2025 |
| United Arab Emirates |
| Lactic Acid Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Application for the Period 2018-2025 |
| United Arab Emirates Lactic Acid Historic Market Analysis in US$ Million by Application: 2009-2017 |
| Lactic Acid Market Share Distribution in United Arab Emirates by Application: 2009 VS 2019 VS 2025 |
| Rest of Middle East |
| Lactic Acid Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2018-2025 |
| Rest of Middle East Lactic Acid Market in Retrospect in US$ Million by Application: 2009-2017 |
| Lactic Acid Market Share Distribution in Rest of Middle East by Application: 2009 VS 2019 VS 2025 |
| Africa |
| African Lactic Acid Latent Demand Forecasts in US$ Million by Application: 2018 to 2025 |
| Lactic Acid Historic Demand Patterns in Africa by Application in US$ Million for 2009-2017 |
| Lactic Acid Market Share Breakdown in Africa by Application: 2009 VS 2019 VS 2025 |
| IV. COMPETITION |
| Total Companies Profiled : 29 Click here to request a full table of contents and more details on this project. |
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