Chemicals Industry Today
Ethyl Lactate Market to Witness Robust Expansion by 2025 - QY Research, Inc.
This report studies the Ethyl Lactate market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; 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.
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, 50.13% ethyl lactate was used in Industrial Application industry and 26.14% was used in Food & Beverage.
With China research and development of ethyl lactate process, some China ethyl lactate production technology has been mature gradually with the technical indicators close to the imported ethyl lactate.
Asia-Pacific and North America is the main product and consume market. Asia-Pacific consumption 12620 MT ethyl lactate in 2017, while North America consumption is 7116 MT accounting for 25.36 percent of the global consumption. Corbion and Galactic is the world leaders for the time being, Taking 17.18% and 13.24% of the global ethyl lactate production respectively. Many companies are dedicated to providing high performance products with their advanced technology for customers.
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The global Ethyl Lactate market was 81 million US$ in 2017 and is expected to 100 million US$ by the end of 2025, growing at a CAGR of 2.2% between 2018 and 2025.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Ethyl Lactate in these regions, from 2013 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
Musashino Chemical Laboratory
Yancheng Hongtai Bioengineering
Huade Biological Engineering
Shenzhen Esun Industrial
Jindan Lactic Acid
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
Food & Beverage
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