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Research Report Explores the Lactic and Poly Lactic Acid Market Size 2017 to 2026

Author: Neel Bobde
by Neel Bobde
Posted: Nov 02, 2018
lactic acid

The Global Lactic Acid And Poly Lactic Acid Market growth is majorly driven by increasing demand for lactic and polylactic acid in the food & beverages and pharmaceutical industry.

Polylactic Acid is a thermoplastic polymer, which is derived from renewable resources such as corn starch or sugar cane. It is a biodegradable polymer and is cost efficient to produce. Poly Lactic Acid constricts under heat and is used for applications requiring shrink wrap material. Some applications of poly lactic acid include plastic films, bottles, and biodegradable medical devices among others. It is also used for development of prototypes on CNC machines and 3D printers. Lactic acid is a compound produced when glucose is broken down and oxidized. Lactic acid has several applications in the food and pharmaceutical industries.

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Increasing use in pharmaceutical industry and rising demand for personal care products boost the Lactic and Poly Lactic Acid market

The increasing demand for lactic and polylactic acid from diverse industries such as food and beverage, pharmaceutical, and personal care drive the growth of the global Lactic and poly lactic acid market. There has been increasing demand for these acids from the personal care segment, which supplement the growth of the market. Increasing application of lactic acid for production of poly lactic acid accelerates the Lactic and poly lactic acid market growth. Other factors driving the market include rising crude oil prices, and growing preference for eco-friendly packaging. Growing demand for lactic acid as feedstock for PLA production, and rising use in body care products further boosts the market growth.

Global Lactic and Poly Lactic Acid Market Taxonomy

The global lactic and poly lactic acid market is segmented on the basis of application, and geography.

By Application- Lactic Acid

  • Personal Care
  • Industrial
  • Food and Beverages
  • Pharmaceutical
  • Others

By Application- Poly Lactic Acid

  • Agriculture
  • Transportation
  • Textiles
  • Electronics
  • Packaging
  • Others

Geographically, the global lactic and poly lactic acid market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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The presence of local players and supportive government initiatives boost the North America Lactic and Poly Lactic Acid Market

On the basis of geography, North America is expected to dominate the global Lactic and poly lactic acid market over forecast period. The increasing demand for personal care products, and high disposable income drive the Lactic and poly lactic acid market growth in the region. The increasing demand of lactic and poly lactic acids from pharmaceutical and luxury industry supports Lactic and poly lactic acid market growth. Supportive government initiatives along with presence of numerous local players catering to the growing consumer needs has increased the adoption of lactic and poly lactic acid in the region.

Key players in the global Lactic and Poly Lactic Acid market are:

  • The DOW Chemical Company (U.S.)
  • Galactic S.A.
  • Natureworks LLC (U.S)
  • BASF SE (Germany)
  • Meredian Holdings Group, Inc.
  • Teijin Ltd (Japan)
  • WEI MON Industry Co., Ltd.
  • Corbion N.V.
  • Danimer Scientific LLC
  • Futerro.

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Mr. Neel

Corporate Sales, USA

Polaris Market Research

Phone: 1-646-568-9980

About the Author

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

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Author: Neel Bobde
Premium Member

Neel Bobde

Member since: Oct 22, 2018
Published articles: 340

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