Ethyl Lactate Market is a detailed report, which presents a combination of industry knowledge and research expertise based on regions too. This report delivers the market trends along with the market size for every individual sector.

Los Angeles, CA -- (SBWire) -- 04/17/2019 --Ethyl lactate, also known as lactic acid ethyl ester, is a monobasic ester formed from lactic acid and ethanol, commonly used as a solvent. This compound is considered biodegradable. Because of gradual economy recovery, downstream application of ethyl lactate is broadening such as food industry, Pharmaceutical industry, electronics industry, paint industry. In 2017, 46.13% ethyl lactate was used in Industrial Application industry and 30.13% was used in Food & Beverage.

China and North America is the main product and consume market. China consumption 7251 MT ethyl lactate in 2017, while North America consumption is 9375 MT accounting for 35.82 percent of the global consumption. Corbion and Galactic is the world leaders for the time being, taking 18.41% and 13.55% of the global ethyl lactate production respectively. Many companies are dedicated to providing high performance products with their advanced technology for customers.

The global Ethyl Lactate market was 76 million US$ in 2018 and is expected to 100 million US$ by the end of 2025, growing at a CAGR of 3.2% between 2019 and 2025. This report studies the Ethyl Lactate market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Ethyl Lactate in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Corbion

Galactic

Godavari Biorefineries

Musashino Chemical Laboratory

Vertec BioSolvents

Yancheng Hongtai Bioengineering

Huade Biological Engineering

Henan Kangyuan

Shenzhen Esun Industrial

Haijianuo Bioengineer

Jindan Lactic Acid

By the product type, the market is primarily split into

Food Grade

Pharmaceutical Grade

Industrial Grade

Electronic Grade

By the end users/application, this report covers the following segments

Food & Beverage

Industrial Application

Pharmaceutical

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