According to a recently published report by Brisk Insights, the Global Lactic Acid Market is expected to grow at the CAGR of 17.6% during 2017-2025. The global lactic acid market is segmented on the basis of applications and geography. The report on global lactic acid market (by application and geography) provides a detailed overview and predictive analysis of the market.
Full report available on Lactic Acid market: Global Industry Size, Growth, Share and Forecast to 2025 report at http://www.briskinsights.com/report/lactic-acid-market
Lactic acid is used in wide range of applications. It is used in food and beverages sector as a pH adjusting agent and preservative. It is also used in chemicals and pharmaceuticals industries as a starting material for the production of lactate ester, as a solvent among various other applications. Lactic acid due to its skin lightening, moisturizing and pH regulating properties is used as an active ingredient in personal care products. North America is the largest market for lactic acid globally followed by Asia Pacific. In North America, the U.S. is the largest market for lactic acid led by the growing demand from polylactic acid and food and beverages segment. European market for lactic acid is projected to grow at a moderate growth rate.
Scope of the report
1. Global Lactic Acid Market, by Application, 2015–2025 (Kilo Tons and $ Millon)
1.1. Food & Beverages
1.3. Industrial applications
1.4. Personal Care Products
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2. Global Lactic Acid Market, by Geography, 2015-2025 ($ Millon)
2.1. North America
2.2.3. Rest of Europe
2.3. Asia Pacific
2.3.4. South Korea
2.3.5. Rest of Asia Pacific
2.4. Latin America (LATAM)
2.4.3. Rest of Latin America
2.5. Middle East and Africa (MEA)
2.5.2. Rest of Middle East and Africa
3. Company Profiles
3.1. Archer Daniels Midland Company
3.3. Corbion N.V.
3.4. Galactic S.A
3.6. NatureWorks LLC
3.8. Synbra Technology B.V.
3.9. Teijin Ltd
3.10. The DOW Chemical Company
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