The lactic acid market projected to exceed $3,577.5 Million and Polylactic acid market is $4,840.1 million by 2019, respectively.
Dallas, TX -- (SBWIRE) -- 09/18/2014 -- The report, “Lactic Acid Market by Application (Biodegradable Polymer, Food & Beverage, Personal Care & Pharmaceutical) & Polylactic Acid Market by Application (Packaging, Agriculture, Automobile, Electronics, Textile) & Geography - Global Trends & Forecasts to 2019” defines the lactic acid and polylactic acid markets and segments with analyses and projections of the size of each market, based on their sub-segments, in terms of value and volume. It also identifies the driving and restraining factors for the lactic acid and polylactic acid markets with analyses of trends, opportunities, burning issues, and winning imperatives.
Browse 138 market data tables, 33 figures spread through 259 pages and in-depth TOC on “Lactic acid Market - Global Trends & Forecasts to 2019”
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It also gives key information of the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, along with region-wise markets and key developments in the lactic acid and polylactic acid markets. Extensive qualitative and further quantitative analyses were also carried out from all the numbers arrived at in the complete market engineering process, to list out key information.
The market for lactic acid is growing as it is largely used in various industrial applications such as in biodegradable polymers, food & beverages, personal care products, and pharmaceutical industries. The lactic acid market is mainly driven by its end-use industries.
In 2013, Biodegradable polymers formed the largest application for lactic acid, followed by food and beverages. The lactic acid market is estimated to grow at a CAGR of 18.8% from 2014 to reach $3,577.5 million by 2019.
The report includes development strategies and product portfolios of the leading companies. The profiles of leading companies such as Nature works LLC (U.S.), Synbra Technology B.V (Netherlands), Purac (Netherlands) have been included in the report. The report further provides qualitative analysis of the prominent market players and their preferred development strategies.
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