Future Market Insights has announced the addition of the “Gypsum-free Lactic Acid Market: Global Industry Analysis 2014 - 2018 and Opportunity Assessment 2019–2029" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 06/27/2019 -- As the global production of gypsum has reached unsustainable levels, lactic acid manufacturing companies are paying more attention towards the development of new production process that use new, recyclable materials and do no form gypsum. Gypsum, a by-product of lactic acid, has no further use and is problematic in disposal as several countries have banned the landfilling of gypsum and other wastes with high sulfate content.
In the recent years, gypsum-free lactic acid has been gaining momentum for its improved sustainability and a range of agro, food & beverage, technical, and biotechnology applications. Moreover, continuous development in processes of manufacturing lactic acid that ensure recycling of all chemicals, resource efficiency, and elimination of by-products, has been directly influencing the growth of gypsum-free lactic acid market.
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Gypsum-free Lactic Acid Market – Competitive Landscape
In March 2019, Corbion, a leading player in gypsum-free lactic acid market, announced that it has entered into agreement with shareholders of Granotec do Brazil to acquire the company's full ownership to drive further expansion in food ingredients in Latin America. The completion of the acquisition is expected in the first half of 2019, and is still subject to customary approvals.
In October 2018, Jungbunzlauer announced that it has sold its sodium diacetate business to Niacet Corp., a leading producer of organic salts of acetic and propionic acids. The company has decided to sell a small portion of its business to focus its portfolio on materials produced by fermentation from renewable raw materials, Jungbunzlauer wrote in a statement.
Gypsum-free Lactic Acid Market – Dynamics
Market Gains Underpinned by Rising Gypsum-free Lactic Acid Demand for Food and Non-food Applications
Lactic acids are well known for their use in food & beverage industry, especially for fermentation process as the chemicals contain microorganism that aid to the process. However, growing concerns over environmental issues caused by gypsum along with stringent regulations for its disposal, has been favoring the adoption of gypsum-free lactic acid across food as well as other industries. Prospects of gypsum-free lactic acid market look promising, as key manufacturers of lactic acid are shifting their focus towards application of environmentally sound technologies in their production processes that not only help reduce carbon footprints but also eliminate gypsum production.
As today's industries move towards sustainability, gypsum-free lactic acid is expected to gain significant demand from a broad range of non-food industries such as textile, cosmetics, pharmaceuticals, biopolymers, and electronics.
Marked Preference for Green Packaging to Promote Gypsum-free Lactic Acid Market Growth
Emerging trends of green packaging along with a notable rise in the demand for environment friendly products are highly likely to work to the advantage of gypsum-free lactic acid market. Polylactic acid (PLA), a monomer of lactic acid and a type of bio-plastic, has been gaining ground as an eco-friendly packaging material for food & beverage products, thereby impacting the market growth. The advantage of gypsum-free lactic acid also lies in its water-binding capacity, acid moiety and antibacterial properties. With continuous improvement in manufacturing processes, technologies, and product specifications, the gypsum-free lactic acid market is anticipated to witness a considerable growth in the future.
North America to Leap Forward in Gypsum-free Lactic Acid Market
North America is likely to account for sizeable share in the gypsum-free lactic acid market, on the back of presence of key players along with increasing investments in R&D activities for innovative manufacturing processes with lower environmental impact. In addition, growing preference for biodegradable polymers for various agro and technical application will bode well with the growth of gypsum-free lactic acid market in the region.
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Gypsum-free Lactic Acid Market – Segmentation
On the basis of source, the gypsum-free lactic acid market can be segmented into:
On the basis of function, the gypsum-free lactic acid market can be segmented into:
On the basis of application, the gypsum-free lactic acid can be segmented into:
Food & Beverage
Personal Care Products