Lactic Acid Market Analysis By Application (Industrial, F&B, Pharmaceuticals, Personal Care) & Polylactic Acid (PLA) Market Analysis By Application (Packaging, Agriculture, Transport, Electronics, Textiles), And Segment Forecasts, 2014 - 2025

The global lactic acid & polylactic acid market is expected to reach USD 9.8 billion and USD 6.5 billion respectively by 2025, according to a new report by Grand View Research, Inc. Rising demand for lactic acid as pH regulator and preservatives for food & beverages sector is expected to fuel its demand over the next eight years. Growing cosmetic industry, on account of the increasing number of manufacturing base by companies including Unilever, Johnson & Johnson, and P&G in the U.S. is expected to drive industry expansion.
Growing consumer awareness regarding the need for sustainability, biodegradability, recyclability, and green packaging is projected to drive global PLA usage over the forecast period. Moreover, various manufacturers are engaged in improving properties of PLA including impact strength, flexibility, stiffness, barrier properties, thermal stability, increase degradation rate, and reduce production costs, which is likely to create immense market potential.
Pharmaceuticals accounted for 7.5% of the overall revenue share of lactic acid in 2016 and are expected to witness high gains as the product serves as a pH-regulation, chiral intermediate, and metal sequestration as well as a natural body constituent. Increasing need for pharmaceutical grade creams and other medicines among consumers is expected to propel demand over the forecast period.
Further key findings from the report suggest:
‧ Global lactic acid demand was 1,220.0 kilo tons in 2016 and is expected to grow at a CAGR of 16.2% from 2017 to 2025 which is a result of increasing sales of medicines and perfumes in the Latin America and Asia Pacific region.
‧ Latin America lactic acid market is projected to witness significant revenue rise at a CAGR of 19.2% from 2017 to 2025 in light of the growing cosmetics industry in Brazil and Argentina.
‧ Textiles accounted for 21.0% of the polylactic acid revenue share in 2016 and is expected to witness growth as a result of its various properties including natural UV resistance, high tenacity, low smoke formation, and low flammability.
‧ Asia Pacific polylactic acid market is projected to show significant revenue rise at a CAGR of 22.4% from 2017 to 2025 owing to the establishment of various food & beverage and cosmetics manufacturing units particularly in India and China.
‧ In Asia Pacific, ‘on-the-go’ lifestyle of consumers and growing disposable income is expected to have a positive impact on the food & beverage sector which in turn is likely to propel packaging industry growth.
‧ In May 2016, Corbion Purac launched a PLA portfolio of bioplastic resins for North America to meet growing demand for packaging applications. In October 2013, Corbion Purac and bio-film manufacturer Innovia joined hands to develop temperature-stable and transparent PLA films

Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. Lactic Acid & Polylactic Acid Market Variables, Trends & Scope
3.1. Market segmentation & scope
3.2. Penetration & growth prospect mapping
3.3. Value chain analysis
3.4. Raw material outlook
3.5. Technological overview
3.6. Regulatory Framework
3.7. Market dynamics
3.7.1. Market driver analysis
3.7.2. Market restraint analysis
3.8. Industry analysis - Porter's
3.9. PESTEL analysis, 2015
Chapter 4. Lactic Acid Market: Application Outlook
4.1. Lactic acid market share by application, 2016 & 2025 (Kilo Tons, USD Million)
4.2. Industrial
4.2.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
4.2.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
4.3. Food & beverages
4.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
4.3.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
4.4. Pharmaceuticals
4.4.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
4.4.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
4.5. Personal care
4.5.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
4.5.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
4.6. Others
4.6.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
4.6.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
Chapter 5. Polylactic Acid Market: Application Outlook
5.1. Polylactic acid market share by application, 2016 & 2025 (Kilo Tons, USD Million)
5.2. Packaging
5.2.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
5.2.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
5.3. Agriculture
5.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
5.3.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
5.4. Transport
5.4.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
5.4.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
5.5. Electronics
5.5.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
5.5.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
5.6. Textiles
5.6.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
5.6.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
5.7. Others
5.7.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
5.7.2. Market estimates and forecast by region, 2014 - 2025 (Kilo Tons, USD Million)
Chapter 6. Lactic Acid Market: Regional Outlook
6.1. Lactic acid market share by region, 2016 & 2025 (Kilo Tons, USD Million)
6.2. North America
6.2.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.2.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.2.3. U.S.
6.2.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.2.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.3. Europe
6.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.3.3. Germany
6.3.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.3.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.4.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.4.3. China
6.4.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.4.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.5.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.5.3. Brazil
6.5.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.5.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
6.6.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
Chapter 7. Polylactic Acid Market: Regional Outlook
7.1. Polylactic acid market share by region, 2016 & 2025 (Kilo Tons, USD Million)
7.2. North America
7.2.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.2.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.2.3. U.S.
7.2.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.2.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.3.3. Germany
7.3.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.3.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.4.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.4.3. China
7.4.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.4.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.5.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.5.3. Brazil
7.5.3.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.5.3.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2014 - 2025 (Kilo Tons, USD Million)
7.6.2. Market estimates and forecast by application, 2014 - 2025 (Kilo Tons, USD Million)
Chapter 8. Competitive Landscape
8.1. Company ranking analysis
8.2. Vendor landscape
8.3. Competitive environment
8.4. Company Market positioning
Chapter 9. Company Profiles
9.1. BASF
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Danimer Scientific LLC
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Futerro
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Galactic
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Henan Jindan Lactic Acid Technology Co. Ltd
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Musashino Chemical (China) Co. Ltd
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. NatureWorks LLC
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Corbion Purac
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Synbra Technology BV
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Hitachi
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
9.11. Sulzer
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Strategic Initiatives
9.12. Zhejiang Hisun Biomaterials Co., Ltd
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Strategic Initiatives
9.13. ThyssenKrupp
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Strategic Initiatives
9.14. VAISHNAVI BIO-TECH LIMITED
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Strategic Initiatives
9.15. Teijin Ltd
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Strategic Initiatives