The report offers detailed coverage of Ethyl Lactate industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Ethyl Lactate by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
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 report forecast global Ethyl Lactate market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.
First, this report covers the present status and the future prospects of the global Ethyl Lactate market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
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
At the same time, we classify Ethyl Lactate according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
Food Grade
Pharmaceutical Grade
Industrial Grade
Electronic Grade
Market by Application
Food & Beverage
Industrial Application
Pharmaceutical
Microelectronics
Other
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Ethyl Lactate market for the forecast period 2021 - 2025?
• What are the driving forces in the Ethyl Lactate market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Ethyl Lactate industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?