Feb 18, 2021   SOURCE: BusinessWire

Global Lactic Acid Market Trends, Forecast and Competitive Analysis Report 2021 Featuring BASF, Teijin, DOW Chemical, Corbion, Meridian, Natureworks, Henan Jindan, Synbra, WEI MON, and Galactic - ResearchAndMarkets.com

The "Lactic Acid Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The global lactic acid market is expected to grow with a CAGR of 18% from 2019 to 2024.

The future of the lactic acid market looks promising with opportunities in the lactic acid, biodegradable polymer, food and beverage, pharmaceutical, and personal care product application segments. The major growth drivers for this market are growth in end use applications, increase in demand for lactic acid-based personal care products, growing consumer preference for eco-friendly packaging, and rising crude oil prices.

The study includes the lactic acid market size and forecast for the global lactic acid market through 2024, segmented by application, raw material, source, and region.

Some of the lactic acid companies profiled in this report include BASF SE, Teijin, The DOW Chemical, Corbion N.V., Meridian, Natureworks, Henan Jindan, Synbra, WEI MON, and Galactic.

Some of the features of 'Global Lactic Acid Market 2019-2024: Trends, Forecast, and Opportunity Analysis' include

  • Market size estimates: Global lactic acid market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by segments and region.
  • Segmentation analysis: Global lactic acid market size by application, raw material, source, and region.
  • Regional analysis: Global lactic acid market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions for lactic acid in the global lactic acid market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape for lactic acid in the global lactic acid market.
  • Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers the following 11 key questions:

  • What are some of the most promising potential, high-growth opportunities for the global lactic acid market?
  • Which segments will grow at a faster pace and why?
  • Which regions will grow at a faster pace and why?
  • What are the key factors affecting market dynamics? What are the drivers and challenges of the lactic acid market?
  • What are the business risks and threats to the lactic acid market?
  • What are the emerging trends in the lactic acid market and the reasons behind them?
  • What are some changing demands of customers in the lactic acid market?
  • What are the new developments in the lactic acid market? Which companies are leading these developments?
  • Who are the major players in the lactic acid market? What strategic initiatives are being implemented by key players for business growth?
  • What are some of the competitive products and processes in the lactic acid area and how big of a threat do they pose for loss of market share via material or product substitution?
  • What M & A activities have taken place in the last five years in the lactic acid market?

Key Topics Covered:

1. Executive Summary

2. Market Background and Classifications

2.1: Introduction, Background, and classifications

2.2: Supply Chain

2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2013 to 2024

3.1: Macroeconomic Trends and Forecast

3.2: Global Lactic Acid Market: Trends and Forecast

3.3: Global Lactic Acid Market by Application

3.3.1: Biodegradable Polymers

3.3.2: Food and Beverages

3.3.3: Pharmaceuticals

3.3.4: Personal Care Products

3.3.5: Other (Polylactic Acid, Packaging, Agriculture, Electronics, and Textiles)

3.4: Global Lactic Acid Market by Raw Material

3.4.1: Corn

3.4.2: Sugarcane

3.4.3: Cassava

3.4.4: Other

3.5: Global Lactic Acid Market by Source

3.5.1: Natural

3.5.2: Synthetic

4. Market Trends and Forecast Analysis by Region

4.1: Global Lactic Acid Market by Region

4.2: North American Lactic Acid Market

4.2.1: Market by Application: (Biodegradable Polymers, Food and Beverages, Pharmaceuticals, Personal Care Products, and other)

4.2.2: Market by Raw Material: (Corn, Sugarcane, Cassava, and Other)

4.2.3: Market by Source: (Natural and Synthetic)

4.3: European Lactic Acid Market

4.4: APAC Lactic Acid Market

4.5: ROW Lactic Acid Market

4.5.1: Market by Application: (Biodegradable Polymers, Food and Beverages, Pharmaceuticals, Personal Care Products and other)

4.5.2: Market by Raw Material: (Corn, Sugarcane, Cassava, and Other)

4.5.3: Market by Source: (Natural and Synthetic)

5. Competitor Analysis

5.1: Product Portfolio Analysis

5.2: Market Share Analysis

5.3: Operational Integration

5.4: Geographical Reach

5.5: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.1.1: Growth Opportunities for Global Lactic Acid Market by Application

6.1.2: Growth Opportunities for Global Lactic acid Market by Raw Material

6.1.3: Growth Opportunities for Global Lactic acid Market by Source

6.1.4: Growth Opportunities for Global Lactic acid Market by Region

6.2: Emerging Trends in Global Lactic acid Market

6.3: Strategic Analysis

6.3.1: New Product Development

6.3.2: Capacity Expansion of Global Lactic Acid Market

6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Market

7. Company Profiles of Leading Players

7.1: BASF SE

7.2: Teijin

7.3: The DOW Chemical

7.4: Corbion N.V.

7.5: Meridian

7.6: Natureworks

7.7: Henan Jindan

7.8: Synbra Technology

7.9: WEI MON Industry

7.10: Galactic

For more information about this report visit https://www.researchandmarkets.com/r/lu3xko