Lactic Acid and Polylactic Acid Market- Global Industry Analysis and Forecast 2015-2023

Transparency Market
Research
Lactic Acid Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023

Published Date
13-July-2015

206 Page Report

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Press Release

Lactic Acid Market is Expected to Reach US$ 3,381.8 Mn and
Global Polylactic Acid Market is Anticipated to Reach US$ 1,358.1
Mn in 2023 : TMR

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Lactic Acid Market

REPORT DESCRIPTION

Lactic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Transparency Market Research has released a new market report titled “Lactic Acid Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the
global lactic acid market was valued at US$ 1,130.4 Mn in 2014 and is projected to reach US$ 3,381.8 Mn in
2023, expanding at a CAGR of 13.0% between 2015 and 2023. On the other hand, the global polylactic acid
market was valued at US$ 400.1 Mn in 2014 and is estimated to reach US$ 1,358.1 Mn in 2023, expanding at
a CAGR of 14.6% between 2015 and 2023.
Browse the full 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 report at : http://www.transparencymarketresearch.com/lactic-poly-lactic-acid.html
Lactic acid is one of the key carboxylic acids used in biodegradable plastics and food and beverage industries.
It is primarily used as a pH regulator in the food and beverage industry. In addition, lactic acid is employed in
personal care and pharmaceutical industries. Growing downstream markets such as bio-based plastics is
estimated to result in sustainable growth...