Lactic Acid Ester Market Size & Share, by Type (Ethyl Lactate, Methyl Lactate, Butyl Lactate, Isopropyl Lactate, Isobutyl Lactate); Application (Food & Beverages, Electronics, Pharmaceuticals, Paints & Inks, Agrochemicals, Cosmetics & Personal Care) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4321
  • Published Date: Feb 24, 2023
  • Report Format: PDF, PPT

Companies Dominating the Lactic Acid Ester Landscape

    • Zhengzhou Tianrun Lactic Acid Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • TRC Inc
    • Otto Chemie Pvt. Ltd.
    • Godavari Biorefineries Limited
    • International Flavors & Fragrances Inc.
    • Henan Jindan Lactic Acid Technology Co., Ltd.
    • Biological Engineering Co., Ltd.
    • Musashino Chemical Laboratory Ltd.

Browse Key Market Insights with Data Illustration:


In The News

  • Corbion N.V.  announce its customer Support and innovation center in Singapore, which will allow Corbion to collaborate with customers in the Asia Pacific region for food preservation and stability.

  •  Godavari Biorefineries Limited inaugurated bio-based chemical manufacturing facility at Sakarwadi, Maharashtra. It also launched a research laboratory for advanced bio-chemical research and to enhance the manufacturing processes of new chemicals in the pipeline

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 4321
  • Published Date: Feb 24, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing use of lactic acid esters as solvents in the electronics industry and an upsurge in the production of eco-friendly agrochemicals are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2023-2033.

Rising competition in the market from other solvents as well as higher costs of lactic acid esters are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are TRC Inc, CORBION NV, VERTEC BIOSOLVENTS INC., Biological Engineering Co., Ltd., Musashino Chemical Laboratory Ltd., Otto Chemie Pvt. Ltd., Godavari Biorefineries Limited, International Flavors & Fragrances Inc., and Henan Jindan Lactic Acid Technology Co., Ltd.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, and by region.

The ethyl lactate segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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