Market Research Reports

Lactic Acid Market (Food and Beverage, Personal Care, Pharmaceutical, Biodegradable Plastics and Other End-users) and Polylactic Acid Market (Packaging, Textile, Electronics, Automotive, Biomedical and Other End-users) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

206pages
Published Date: 2015-07-13
 

Description



This report analyzes and forecasts the market for lactic acid and polylactic acid at the global, regional, and country level. The market has been forecast based on volume (Kilo Tons) and revenue (US$ Mn) from 2015 to 2023. The study includes drivers and restraints of the global lactic acid and polylactic acid market. It also covers the impact of these drivers and restraints on the demand for lactic acid and polylactic acid during the forecast period. Additionally, the report highlights opportunities in the lactic acid and polylactic acid markets globally and regionally. 

The report includes a detailed value chain analysis, which provides a comprehensive view of the global lactic acid and polylactic acid markets. Porter’s Five Forces Model for both lactic acid and polylactic acid markets has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global lactic acid and polylactic acid markets by segmenting it in terms of end-user segment. Segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Furthermore, country-wise analysis has been carried out for individual regions.

The study includes profiles of major companies operating in the global lactic acid and polylactic acid markets. Key players include Corbion NV, NatureWorks LLC, Henan Jindan Lactic Acid Technology Co., Ltd., Archer Daniels Midland Company, Synbra Technology BV, Zhejiang Hisun Biomaterials Co., Ltd., Teijin Ltd., Galactic, and Futerro. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The report provides the market size of lactic acid and polylactic acid for 2014 and forecast for the next six years. The global market sizes of lactic acid and polylactic acid are provided in terms of both volume and revenue. Market volume is defined in kilo tons, while market revenue is in US$ Mn. Market numbers are estimated based on key end-user segments of lactic acid and polylactic acid. Market size and forecast for end-user segments are provided in terms of global, regional, and country markets.

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, and trade associations and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, Onesource, Factiva, and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

The report segments the global lactic acid and polylactic acid markets as follows:

Lactic Acid Market - End-user Analysis
  • Food and Beverage
  • Personal Care
  • Pharmaceutical 
  • Biodegradable Plastics
  • Others (Including detergents, etc.)
Polylactic Acid Market - End-user Analysis
  • Packaging
  • Textile
  • Electronics
  • Automotive
  • Biomedical
  • Others (Including printing, etc.)
Lactic Acid and Polylactic Acid Market - Regional Analysis
  • North America
    • U.S.
    • Rest of North America
  • Europe
    • France
    • Germany
    • Italy
    • Netherlands
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA

Table of Contents



Chapter 1 Preface
1.1 Research Description
1.2 Market Segmentation
1.2.1 Global Lactic Acid Market Segmentation, by End-user and Region
1.2.2 Global Polylactic Acid Market Segmentation, by End-user and Region
1.3 Research Scope
1.3.1 Assumptions
1.4 Research Methodology

Chapter 2 Executive Summary
2.1 Global Lactic Acid Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
2.2 Global Polylactic Acid Market, 2014 – 2023 (Kilo Tons) (US$ Mn)

Chapter 3 Lactic Acid and Polylactic Acid Market– Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Strong Outlook for Bioplastics from Packaging Industry to Drive Lactic and Polylactic Acid Market Subsequently
3.3.1.1 Global Packaging Market Revenue, 2013-2023 (US$ Bn)
3.3.1.2 Global Bioplastics Market Volume, 2013-2023 (Kilo Tons)
3.3.2 Rising Demand from Food and Beverage Industry Expected to Drive Lactic Acid Market
3.3.2.1 Global Food Products Market Revenue, 2013-2023 (US$ Trillion)
3.3.2.2 Global Beverages Market Revenue, 2013-2023 (US$ Trillion)
3.3.3 Growing Demand from Biomedical Industry anticipated to drive the Polylactic Acid Market
3.3.3.1 Global Biomaterials Market Revenue, 2013-2023 (US$ Bn)
3.4 Restraints
3.4.1 Availability of Potential Substitutes and High Production Cost Anticipated to Act as Restraint to Polylactic Acid Market
3.4.1.1 Cost Comparison of Polylactic Acid and Polyethylene, 2013-2023 (US$/Ton)
3.4.2 Fluctuation in Raw Material Prices Expected to Act as Restraint to Lactic Acid Market
3.4.2.1 Prices of Various Raw materials for Lactic Acid, 2011-2023 (US$/Ton)
3.5 Opportunity
3.5.1 Chemical recycling of polylactic acid is likely to act as an opportunity
3.5.2 Production of lactic acid through alternative potential raw materials is likely to act as an opportunity for lactic acid market
3.6 Lactic Acid Market - Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat from New Entrants
3.6.4 Threat from Substitutes
3.6.5 Degree of Competition
3.7 Polylactic Acid Market - Porter’s Five Forces Analysis
3.7.1 Bargaining Power of Suppliers
3.7.2 Bargaining Power of Buyers
3.7.3 Threat from New Entrants
3.7.4 Threat from Substitutes
3.7.5 Degree of Competition
3.8 Lactic Acid Market - Attractiveness Analysis
3.8.1 Global Lactic Acid Market Attractiveness, by End-User, 2014
3.9 Polylactic Acid Market - Attractiveness Analysis
3.9.1 Global Polylactic Acid Market Attractiveness, by End-User, 2014
3.10 Lactic Acid - Company Market Share Analysis
3.10.1 Global Lactic Acid Market Share, by Company, 2014
3.11 Polylactic Acid - Company Market Share Analysis
3.11.1 Global Polylactic Acid Market Share, by Company, 2014

Chapter 4 Raw Material and Price Trend Analysis
4.1 Manufacturing Process (Lactic Acid)
4.1.1 Microbial Fermentation Process: Gypsum Process
4.2 Manufacturing Process (Polylactic Acid)
4.2.1 Ring-opening Polymerization Method
4.3 Global Raw Material Price Trends (Lactic Acid), 2014 – 2023
4.4 Global Lactic Acid Price Trends, 2014 – 2023
4.5 Global Polylactic Acid Price Trends, 2014 – 2023

Chapter 5 Lactic Acid Market – End-user Analysis
5.1 Global Lactic Acid Market: End-user Overview
5.1.1 Global Lactic Acid Market Volume Share, by End-users, 2014 and 2023
5.2 Food and Beverage
5.2.1 Global Lactic Acid Demand for Food & Beverage, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.3 Personal Care
5.3.1 Global Lactic Acid Demand for Personal Care, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.4 Pharmaceutical
5.4.1 Global Lactic Acid Demand for Pharmaceutical, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.5 Biodegradable Plastics
5.5.1 Global Lactic Acid Demand for Biodegradable Plastics, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.6 Others (Including detergents, etc.)
5.6.1 Global Lactic Acid Demand for Other End-users, 2014 – 2023 (Kilo Tons) (US$ Mn)

Chapter 6 Lactic Acid Market - Regional Analysis
6.1 Global Lactic Acid Market: Regional Overview
6.1.1 Global Lactic Acid Market Volume Share, by Region, 2014 and 2023
6.2 North America
6.2.1 North America Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
6.2.2 North America Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.2.3 U.S.
6.2.3.1 U.S. Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.2.3.2 U.S. Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.2.4 Rest of North America
6.2.4.1 Rest of North America Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.2.4.2 Rest of North America Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.3 Europe
6.3.1 Europe Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
6.3.2 Europe Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.3.3 France
6.3.3.1 France Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.3.3.2 France Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.3.4 Germany
6.3.4.1 Germany Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.3.4.2 Germany Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.3.5 Italy
6.3.5.1 Italy Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.3.5.2 Italy Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.3.6 Netherlands
6.3.6.1 Netherlands Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.3.6.2 Netherlands Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.3.7 U.K.
6.3.7.1 U.K. Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.3.7.2 U.K. Lactic acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.3.8 Rest of Europe
6.3.8.1 Rest of Europe Lactic acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.3.8.2 Rest of Europe Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.4 Asia Pacific
6.4.1 Asia Pacific Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
6.4.2 Asia Pacific Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.4.3 China
6.4.3.1 China Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
6.4.3.2 China Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.4.4 Japan
6.4.4.1 Japan Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
6.4.4.2 Japan Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.4.5 ASEAN
6.4.5.1 ASEAN Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.4.5.2 ASEAN Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.4.6 Rest of Asia Pacific
6.4.6.1 Rest of Asia Pacific Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
6.4.6.2 Rest of Asia Pacific Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.5 Latin America
6.5.1.1 Latin America Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
6.5.1.2 Latin America Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
6.5.2 Brazil
6.5.2.1 Brazil Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.5.2.2 Brazil Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.5.3 Rest of Latin America
6.5.3.1 Rest of Latin America Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.5.3.2 Rest of Latin America Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.6 Middle East & Africa
6.6.1.1 Middle East & Africa Lactic Acid Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
6.6.1.2 Middle East & Africa Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.6.2 GCC
6.6.2.1 GCC Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.6.2.2 GCC Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.6.3 South Africa
6.6.3.1 South Africa Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.6.3.2 South Africa Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
6.6.4 Rest of Middle East & Africa
6.6.4.1 Rest of Middle East & Africa Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
6.6.4.2 Rest of Middle East & Africa Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)

Chapter 7 Polylactic Acid Market – End-user Analysis
7.1 Global Polylactic Acid Market: End-user Overview
7.1.1 Global Polylactic Acid Market Volume Share, by End-users, 2014 and 2023
7.2 Packaging
7.2.1 Global Polylactic Acid Demand for Packaging, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.3 Textiles
7.3.1 Global Polylactic Acid Demand for Textiles, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.4 Electronics
7.4.1 Global Polylactic Acid Demand for Electronics, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.5 Automotive
7.5.1 Global Polylactic Acid Demand for Automotive, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.6 Biomedical
7.6.1 Global Polylactic Acid Demand for Biomedical, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.7 Others (Including consumer goods, 3D printing, etc.)
7.7.1 Global Polylactic Acid Demand for Other End-users, 2014 – 2023 (Kilo Tons) (US$ Mn)

Chapter 8 Polylactic Acid Market - Regional Analysis
8.1 Global Polylactic Acid Market: Regional Overview
8.1.1 Global Polylactic Acid Market Volume Share, by Region, 2014 and 2023
8.2 North America
8.2.1 North America Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
8.2.2 North America Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.2.3 U.S.
8.2.3.1 U.S. Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.2.3.2 U.S. Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.2.4 Rest of North America
8.2.4.1 Rest of North America Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.2.4.2 Rest of North America Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.3 Europe
8.3.1 Europe Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
8.3.2 Europe Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.3.3 France
8.3.3.1 France Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.3.3.2 France Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.3.4 Germany
8.3.4.1 Germany Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.3.4.2 Germany Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.3.5 Italy
8.3.5.1 Italy Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.3.5.2 Italy Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.3.6 Netherlands
8.3.6.1 Netherlands Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.3.6.2 Netherlands Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.3.7 U.K.
8.3.7.1 U.K. Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.3.7.2 U.K. Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.3.8 Rest of Europe
8.3.8.1 Rest of Europe Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.3.8.2 Rest of Europe Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.4 Asia Pacific
8.4.1 Asia Pacific Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
8.4.2 Asia Pacific Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.4.3 China
8.4.3.1 China Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
8.4.3.2 China Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.4.4 Japan
8.4.4.1 Japan Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
8.4.4.2 Japan Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.4.5 ASEAN
8.4.5.1 ASEAN Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.4.5.2 ASEAN Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.4.6 Rest of Asia Pacific
8.4.6.1 Rest of Asia Pacific Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
8.4.6.2 Rest of Asia Pacific Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.5 Latin America
8.5.1.1 Latin America Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
8.5.1.2 Latin America Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
8.5.2 Brazil
8.5.2.1 Brazil Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.5.2.2 Brazil Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.5.3 Rest of Latin America
8.5.3.1 Rest of Latin America Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.5.3.2 Rest of Latin America Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.6 Middle East & Africa
8.6.1.1 Middle East & Africa Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
8.6.1.2 Middle East & Africa Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.6.2 GCC
8.6.2.1 GCC Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.6.2.2 GCC Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.6.3 South Africa
8.6.3.1 South Africa Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.6.3.2 South Africa Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
8.6.4 Rest of Middle East & Africa
8.6.4.1 Rest of Middle East & Africa Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
8.6.4.2 Rest of Middle East & Africa Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)

Chapter 9 Company Profiles
9.1 Corbion NV
9.2 Henan Jindan Lactic Acid Technology Co., Ltd.
9.3 Galactic
9.4 Jungbunzlauer Suisse AG
9.5 Archer Daniels Midland Company
9.6 Musashino Chemical Laboratory, Ltd.
9.7 Futerro
9.8 NatureWorks LLC
9.9 Synbra Technology BV
9.10 Teijin Ltd.
9.11 Yancheng Hai Jianuo Biological Engineering Co., Ltd.
9.12 Zhejiang Hisun Biomaterials Co., Ltd.

Chapter 10 Primary Research - Key Findings

List of Figures 

FIG. 1 Global Lactic Acid Market Segmentation, by End-user and Region
FIG. 2 Global Polylactic Acid Market Segmentation, by End-user and Region
FIG. 3 Global Lactic Acid Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 4 Global Polylactic Acid Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 5 Lactic and Polylactic Acid: Value Chain Analysis
FIG. 6 Global Packaging Market Revenue, 2013-2023 (US$ Bn)
FIG. 7 Global Bioplastics Market Volume, 2013-2023 (Kilo Tons)
FIG. 8 Global Food Products Market Revenue, 2013-2023 (US$ Trillion)
FIG. 9 Global Beverages Market Revenue, 2013-2023 (US$ Trillion)
FIG. 10 Global Biomaterials Market Revenue, 2013-2023 (US$ Bn)
FIG. 11 Cost Comparison of Polylactic Acid and Polyethylene, 2013-2023 (US$/Kg)
FIG. 12 Prices of Various Raw materials for Lactic Acid, 2011-2023 (US$/Ton)
FIG. 13 Porter’s Five Forces Analysis for Lactic Acid
FIG. 14 Porter’s Five Forces Analysis for Polylactic Acid
FIG. 15 Lactic Acid: Market Attractiveness Analysis
FIG. 16 Polylactic Acid: Market Attractiveness Analysis
FIG. 17 Global Lactic Acid Market Share, by Company, 2014
FIG. 18 Global Polylactic Acid Market Share, by Company, 2014
FIG. 19 Microbial Fermentation Process
FIG. 20 Ring-opening Polymerization Method
FIG. 21 Global Prices of Various Raw Materials, 2013 – 2023 (US$/Ton)
FIG. 22 Global Lactic Acid Prices 2013 – 2023 (US$/Ton)
FIG. 23 Global Polylactic Acid Prices 2013-2023 (US$/Ton)
FIG. 24 Global Lactic Acid Market Volume Share, by End-users, 2014 and 2023
FIG. 25 Global Lactic Acid Demand for Food & Beverage, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 26 Global Lactic Acid Demand for Personal Care, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 27 Global Lactic Acid Demand for Pharmaceutical, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 28 Global Lactic Acid Demand for Biodegradable Plastics, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 29 Global Lactic Acid Demand for Other End-users, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 30 Global Lactic Acid Market Volume Share, by End-users, 2014 and 2023
FIG. 31 Global Polylactic Acid Market Volume Share, by End-users, 2014 and 2023
FIG. 32 Global Polylactic Acid Demand for Packaging, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 33 Global Polylactic Acid Demand for Textiles, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 34 Global Polylactic Acid Demand for Electronics, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 35 Global Polylactic Acid Demand for Automotive, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 36 Global Polylactic acid Demand for Biomedical, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 37 Global Polylactic Acid Demand for Other End-users, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 38 Global Polylactic Acid Market Volume Share, by End-users, 2014 and 2023

List of Tables

TABLE 1 Global Lactic Acid Market Snapshot
TABLE 2 Global Polylactic Acid Market Snapshot
TABLE 3 Drivers for Lactic and Polylactic Acid Market: Impact Analysis
TABLE 4 Restraints for Lactic and Polylactic Acid Market: Impact Analysis
TABLE 5 North America Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
TABLE 6 North America Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 7 U.S. Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 8 U.S. Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 9 Rest of North America Lactic Acid Market Volume, by End-user, 2014 -– 2023 (Tons)
TABLE 10 Rest of North America Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 11 Europe Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
TABLE 12 Europe Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 13 France Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 14 France Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 15 Germany Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 16 Germany Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 17 Italy Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 18 Italy Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 19 Netherlands Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 20 Netherlands Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 21 U.K. Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 22 U.K. Lactic acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 23 Rest of Europe Lactic acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 24 Rest of Europe Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 25 Asia Pacific Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
TABLE 26 Asia Pacific Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 27 China Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
TABLE 28 China Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 29 Japan Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
TABLE 30 Japan Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 31 ASEAN Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 32 ASEAN Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 33 Rest of Asia Pacific Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
TABLE 34 Rest of Asia Pacific Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 35 Latin America Lactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
TABLE 36 Latin America Lactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 37 Brazil Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 38 Brazil Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 39 Rest of Latin America Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 40 Rest of Latin America Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 41 Middle East & Africa Lactic Acid Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 42 Middle East & Africa Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 43 GCC Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 44 GCC Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 45 South Africa Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 46 South Africa Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 47 Rest of Middle East & Africa Lactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 48 Rest of Middle East & Africa Lactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 49 North America Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
TABLE 50 North America Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 51 U.S. Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 52 U.S. Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 53 Rest of North America Polylactic Acid Market Volume, by End-user, 2014 -– 2023 (Tons)
TABLE 54 Rest of North America Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 55 Europe Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
TABLE 56 Europe Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 57 France Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 58 France Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 59 Germany Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 60 Germany Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 61 Italy Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 62 Italy Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 63 Netherlands Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 64 Netherlands Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 65 U.K. Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 66 U.K. Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 67 Rest of Europe Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 68 Rest of Europe Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 69 Asia Pacific Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
TABLE 70 Asia Pacific Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 71 China Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
TABLE 72 China Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 73 Japan Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
TABLE 74 Japan Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 75 ASEAN Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 76 ASEAN Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 77 Rest of Asia Pacific Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Tons)
TABLE 78 Rest of Asia Pacific Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 79 Latin America Polylactic Acid Market Volume, by End-user Segment, 2014 – 2023 (Kilo Tons)
TABLE 80 Latin America Polylactic Acid Market Revenue, by End-user Segment, 2014 – 2023 (US$ Mn)
TABLE 81 Brazil Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 82 Brazil Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 83 Rest of Latin America Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 84 Rest of Latin America Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 85 Middle East & Africa Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 86 Middle East & Africa Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 87 GCC Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 88 GCC Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 89 South Africa Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 90 South Africa Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 91 Rest of Middle East & Africa Polylactic Acid Market Volume, by End-user, 2014 – 2023 (Tons)
TABLE 92 Rest of Middle East & Africa Polylactic Acid Market Revenue, by End-user, 2014 – 2023 (US$ Mn)

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Free Market Analysis



Lactic acid is one of the most important carboxylic acids used in several end-user industries due to its wide range of chemical properties. It is commercially manufactured using two production processes: chemical and microbial processes. The chemical process uses petroleum-based raw materials in the manufacture of lactic acid and has limitations in terms of application array. The microbial process (through fermentation) is the most widely used production process as it yields lactic acid of the highest purity, which is mostly required by downstream markets. In the microbial process, lactic acid primarily uses raw materials such as corn, sugar, cassava, wheat, and rice. It is chiefly used in the production of biodegradable plastics such as polylactic acid. Application of lactic acid in the biodegradable plastics segment is likely to boost the lactic acid market in the next eight years. Additionally, the usage of lactic acid in food and beverage, personal care, and pharmaceutical as an essential ingredient is expected to raise the demand for lactic acid during the forecast period.

Biodegradable plastics was the largest end-user segment of the lactic acid market with a share of over 35% in 2014. Biodegradable plastics is also estimated to be the fastest growing segment of the lactic acid market, expanding at CAGR of 13.5% between 2015 and 2023. Food and beverage and personal care end-users are also anticipated to hold significantly high share of the global lactic acid market in the next few years. Increasing demand for sustainable alternatives to conventional plastics is propelling the demand for polylactic acid and indirectly, the demand for lactic acid.

Based on regions, the global lactic acid market has been bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America was the largest regional market for lactic acid, constituting over 30% share in 2014. Increasing demand for bioplastics is projected to drive the lactic acid market in North America in the next few years. Furthermore, Asia Pacific is likely to be the fastest growing region in the global lactic acid market during the forecast period. Rising environmental awareness and problems associated with dumping of plastics is expected to act as one of the prime reasons for growth in the bioplastics market and indirectly, the lactic acid market. The lactic acid market in North America is estimated to expand at a steady rate during the next six years due to slow but steady recovery of the economy in the U.S. The lactic acid market in Latin America and the Middle East & Africa is also estimated to grow at a moderate pace in the next few years due to rising demand for polylactic acid in the packaging industry in the Middle East & Africa and Latin America. 

Polylactic acid is one of the most promising bioplastics and serves as an effective alternative to conventional petroleum-based plastics. It is commercially manufactured using two production processes: condensation and ring-opening process. The condensation process results in a low-weight polymer as an outcome, which has limitations in terms of application array. The ring-opening process is the most widely used production process as it yields polylactic acid of highest commercial value, which is primarily required by packaging, electronics, and textile markets. Application of polylactic acid in the packaging segment is likely to propel the polylactic acid market in the next eight years. Furthermore, application of polylactic acid in electronics, textile, and biomedical as an essential ingredient is expected to increase the demand for polylactic acid during the forecast period. 

Europe was the largest regional market for polylactic acid, constituting over 45% share in 2014. Increasing demand for bioplastics is projected to drive the market in North America in the next few years. Furthermore, Asia Pacific is likely to be the fastest growing region in the global polylactic acid market during the forecast period. Problems associated with dumping of plastics resulted in a ban on the usage of plastics. This, in turn, is projected to be one of the chief reasons for growth in the polylactic acid market. The lactic acid market in North America is anticipated to expand at a steady rate during the next six years due to slow but steady recovery of the economy in the U.S. The polylactic acid market in Latin America and the Middle East & Africa is also estimated to grow at a moderate pace in the next few years due to rising demand for polylactic acid in the packaging industry in the Middle East & Africa and Latin America.

Increasing demand for polylactic acid in the packaging industry is anticipated to drive the global polylactic acid market in the next few years. Emergence of bio-based plastics and increased usage of these plastics in the packaging of food and beverages is projected to provide opportunities for the polylactic acid market in the next six years. Besides this, the manufacture of lactic acid through alternative raw material sources such as lignocellulosic materials is expected to offer key opportunities to the lactic acid market during the forecast period. However, fluctuating raw material prices of lactic acid and stiff competition from available substitutes to polylactic acid are likely to hamper the market growth. Key manufacturers of lactic acid and polylactic acid include Corbion NV, NatureWorks LLC, Henan Jindan Lactic Acid Technology Co., Ltd., Archer Daniels Midland Company, Synbra Technology BV, Zhejiang Hisun Biomaterials Co., Ltd., Teijin Ltd., Galactic, and Futerro.

lactic-poly-lactic-acid

 

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