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Published Date: 2015-07-13Number of Pages: 206

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

Global Lactic Acid and Polylactic Acid Market: Snapshot 

The use of lactic acid in the manufacture of biodegradable plastics is one of the key growth factors of the lactic acid market in the coming years. Rising environmental concerns due to dumping of plastics in landfills is promoting the use of bioplastics, which is indirectly benefitting the lactic acid market. Lactic acid is a carboxylic acid that is used across a host of end-use industries owing to its chemical properties. Lactic acid is also used in food and beverage, pharmaceutical, and personal care industries further boosting the growth of lactic acid market.

The increasing application of polylactic acid in the packaging industry is estimated to fuel growth of the polylactic acid market in the coming years. Furthermore, polylactic acid has applications in electronics, textile, and biomedical sectors, which is expected to positively influence the polylactic acid industry. The introduction of bio-based plastics and their increased usage in the food and beverage industry is expected to extend growth opportunities for the polylactic acid market in the near future. Polylactic is one of the most sought-after bioplastics and is an effective substitute to traditional petroleum-based plastics. 

The global lactic acid market displayed an opportunity of US$1,130.4 mn in 2014 and is projected to be worth US$3,381.8 mn by 2023 increasing at a CAGR of 13.0% from 2015 to 2023. The global market for polylactic acid is expected to rise at a CAGR of 14.6% from 2015 to 2023 increasing from US$400.1 mn to US$1,358.1 mn between 2014 and 2023.

Asia Pacific to Emerge as Rapidly Growing Regional Market for Lactic Acid and Polylactic Acid 

North America stood as the leading regional segment for lactic acid holding more than 30% of the overall market in 2014. The growth of this market is largely driven by rising demand for bioplastics. In the coming years, slow yet steady recovery of the U.S. economy will lead to steady growth of the North America lactic acid market. However, Asia Pacific is expected to be the fastest developing regional market for lactic acid in the near future. 

Europe held the leading share of more than 45% of the global polylactic acid market in 2014. The North America market for polylactic acid is primarily driven by rising demand for bioplastics. However, Asia Pacific is expected to be the fastest developing regional segment for polylactic acid in the coming years. The Latin America and Middle East and Africa markets for polylactic acid are estimated to register moderate growth due to the increase in demand for polylactic acid from the packaging industry. 

Packaging Segment to Continue Register High Demand for Polylactic Acid 

Biodegradable plastics stood as the leading end-use segment accounting for more than 35% of the overall market in 2014. Expanding at a CAGR of 13.5% between 2015 and 2023, biodegradable plastics is anticipated to be the fastest developing end-use segment of lactic acid. Lactic acid also finds extensive use in personal care products and the food and beverages industry.   

Packaging stood as the leading end-use segment holding a share of more than 45% in the global polylactic acid market in 2014. It is estimated to be the fastest developing end-use segment of the market for polylactic acid over the forecast period. Electronics, textiles, biomedical, and automotive end-use segments are also expected hold significant share in the global market for polylactic acid during the forecast period. 

Some of the top players in the lactic acid market and polylactic acid market are Corbion NV, Synbra Technology BV, Teijin Ltd., Natureworks LLC, Archer Daniels Midland Company, Futerro, and Galactic. 

 

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)

 

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


 
 
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