HOME Top Market Reports Lactic Acid Market by Application (Biodegradable Polymer, Food & Beverage, Personal Care & Pharmaceutical) & Polylactic Acid Market by Application (Packaging, Agriculture, Automobile, Electronics, Textile), & by Geography - Global Trends & Forecasts to 2020

Lactic Acid Market by Application (Biodegradable Polymer, Food & Beverage, Personal Care & Pharmaceutical) & Polylactic Acid Market by Application (Packaging, Agriculture, Automobile, Electronics, Textile), & by Geography - Global Trends & Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: December 2015
Report Code: FB 2647

 

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The global market for lactic acid is estimated to witness high growth, due to rising demand from its end-use applications. It is used in the production of PLA plastics that are mainly used in packaging products that comply with environmental norms. Polylactic acid is a thermoplastic polyester. It is derived from renewable feedstock such as sugarcane, corn starch, wheat, and tapioca roots. PLA products contain bio-based renewable constituents.

The global Lactic acid and polylactic acid market has been segmented on the basis of application and region. On the basis of application, the lactic acid market has been segmented into biodegradable polymers, food & beverages, pharmaceuticals, personal care products, and others. The polylactic acid market has been segmented into packaging, agriculture, automobile, electronics, textiles, and others.

Lactic acid and polylactic acid market

The lactic acid market is projected to reach USD 3.82 Billion by 2020, growing at a CAGR of 18.6% during the forecast period. In 2015, the market is estimated to be dominated by North America, followed by Europe. The Asia-Pacific market is projected to grow at the highest CAGR, owing to the increasing demand for lactic acid in this region.

Lactic acid and polylactic acid market

The polylactic acid market is projected to reach USD 5.16 Billion by 2020, growing at a CAGR of 20.9% during the forecast period. In 2015, the market is estimated to be dominated by Europe, followed by North America. The Asia-Pacific market is projected to grow at the highest CAGR, owing to the increasing demand for polylactic acid in this region.

The top-down and bottom-up approaches have been used to arrive at the market sizes and obtain the market forecast. Data triangulation methods have been used to perform market estimation and projection for the entire market, along with sub-segments listed in this report. Extensive secondary research was conducted to understand the market insights and trends, which was further validated through primary interviews. The report provides both qualitative and quantitative analysis of the global lactic acid and polylactic acid market, the competitive landscape, and the preferred development strategies of the key players.

The key players were observed to prefer mergers & acquisitions, expansions, agreements, and new product launches as strategies to garner a larger share in this market. This report also analyzes the market dynamics.

Scope of the Report

On the basis of application, the market has been segmented as follows:

  • Lactic acid
    • Biodegradable polymers
    • Food and beverages
    • Pharmaceuticals
    • Personal care products
    • Others
  • Polylactic acid
    • Packaging
    • Agriculture
    • Automobile
    • Electronics
    • Textiles
    • Others

On the basis of region, the market has been segmented as follows:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Target Audience

  • PLA polymer manufacturers
  • Lactic acid manufacturers
  • Renewable chemical suppliers
  • Packaging services providers
  • Packaging film producers
  • Biodegradable plastics manufacturers
  • Plastic manufacturers
  • Government and research organizations

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the Rest of Asia-Pacific lactic acid & polylactic market into South Korea, Australia, and New Zealand, and others
  • Further breakdown of the Latin American lactic acid & polylactic market into Brazil, Argentina, and Rest of Latin America

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Years Considered for the Study.
    1.4 Currency
    1.5 Stakeholders
    1.6 Limitations

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Lactic Acid Market
    4.2 Attractive Opportunities in the Polylactic Acid Market
    4.3 Lactic Acid Market: Major Growth Applications
    4.4 Polylactic Acid Market: Major Growth Applications
    4.5 Lactic Acid Market in the Asia-Pacific Region
    4.6 Polylactic Acid Market in the Asia-Pacific Region
    4.7 Lactic Acid Market Attractiveness
    4.8 Polylactic Acid Market Attractiveness
    4.9 Life Cycle Analysis: Lactic Acid Market
    4.10 Life Cycle Analysis: Polylactic Acid Market

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Lactic Acid Market
           5.2.2 Polylactic Acid (Pla) Market
    5.3 Core Industry Analysis
           5.3.1 Industrial Biotechnology-Based Chemicals
    5.4 Lactic Acid Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Growth in End-User Applications
                    5.4.1.2 Increase in Demand for Lactic Acid-Based Personal Care Products
           5.4.2 Restraints
                    5.4.2.1 Volatility of Raw Material Prices
           5.4.3 Opportunities
                    5.4.3.1 Growing Application of Lactic Acid for Manufacturing of Polylactic Acid
           5.4.4 Challenges
                    5.4.4.1 Infrastructural Challenges in Developing Countries
    5.5 Polylactic Acid Market Dynamics
           5.5.1 Drivers
                    5.5.1.1 Increasing Consumer Preference for Eco-Friendly Packaging
                    5.5.1.2 Rising Crude Oil Prices
           5.5.2 Restraints
                    5.5.2.1 Price Competitiveness Against Conventional Polymers
           5.5.3 Opportunities
                    5.5.3.1 Production of Pla From Lignocellulose Feedstocks
                    5.5.3.2 Increasing Scope of Applications in End-User Industries
           5.5.4 Challenge
                    5.5.4.1 Increasing Demand for Bio-Based Ingredients
    5.6 Evolution of Lactic Acid Market
    5.7 Evolution of Polylactic Acid Market

6 Industry Trends (Page No. - 52)
    6.1 Introduction
    6.2 Supply Chain Analysis
    6.3 Porter’s Five Forces Analysis: Lactic Acid Market
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Bargaining Power of Buyers
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Threat of Substitutes
           6.3.5 Threat of New Entrants
    6.4 Porter’s Five Forces Analysis: Polylactic Acid Market
           6.4.1 Intensity of Competitive Rivalry
           6.4.2 Bargaining Power of Buyers
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Threat of Substitutes
           6.4.5 Threat of New Entrants

7 Lactic Acid Market, By Application (Page No. - 59)
    7.1 Introduction
    7.2 Biodegradable Polymers
    7.3 Food & Beverages
    7.4 Pharmaceuticals
    7.5 Personal Care Products
    7.6 Other Applications

8 Polylactic Acid Market, By Application (Page No. - 68)
    8.1 Introduction
    8.2 Packaging
           8.2.1 Rigid Packaging
           8.2.2 Compost Bags
           8.2.3 Loose Fill Packaging
    8.3 Agriculture
    8.4 Automobiles
    8.5 Electronics
    8.6 Textiles
    8.7 Other Applications

9 Lactic Acid Market, By Region (Page No. - 78)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 U.K.
           9.3.3 France
           9.3.4 Italy
           9.3.5 Belgium
           9.3.6 the Netherlands
           9.3.7 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 Australia-New Zealand
           9.4.4 Thailand
           9.4.5 Rest of Asia-Pacific
    9.5 Rest of the World (RoW)
           9.5.1 Brazil
           9.5.2 Middle East
           9.5.3 Other Countries in RoW

10 Polylactic Acid Market, By Region (Page No. - 110)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 U.K.
             10.3.3 France
             10.3.4 Italy
             10.3.5 Belgium
             10.3.6 The Netherlands
             10.3.7 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 Australia-New Zealand
             10.4.4 Thailand
             10.4.5 Rest of Asia-Pacific
     10.5 Rest of the World (RoW)
             10.5.1 Brazil
             10.5.2 Middle East
             10.5.3 Other Countries in RoW

11 Competitive Landscape (Page No. - 139)
     11.1 Overview
     11.2 Competitive Situations & Trends
             11.2.1 New Product Launches
             11.2.2 Expansions & Investments
             11.2.3 Agreements, Partnership, Joint Venture and Collaborations
             11.2.4 Mergers & Acquisitions

12 Company Profiles (Page No. - 146)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     12.1 Introduction
     12.2 BASF SE
     12.3 Teijin Ltd
     12.4 The DOW Chemical Company
     12.5 Corbion N.V.
     12.6 Meredian Holdings Group, Inc.
     12.7 Natureworks LLC
     12.8 Henan Jindan Lactic Acid Technology Co. Ltd
     12.9 Synbra Technology B.V.
     12.10 WEI MON Industry Co., Ltd.
     12.11 Galactic S.A.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 170)
     13.1 Discussion Guide
     13.2 Recent Developments
             13.2.1 New Product Launches
             13.2.2 Expansions & Investments
             13.2.3 Agreements, Partnership, Joint Venture and Collaborations
             13.2.4 Mergers & Acquisitions
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (126 Tables)

Table 1 Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 2 Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 3 Lactic Acid Market in Biodegradable Polymers, By Region, 2013–2020 (USD Million)
Table 4 Lactic Acid Market in Biodegradable Polymers, By Region, 2013–2020 (KT)
Table 5 Lactic Acid Market in Food & Beverages, By Region, 2013–2020 (USD Million)
Table 6 Lactic Acid Market in Food & Beverages, By Region, 2013–2020 (KT)
Table 7 Lactic Acid Market in Pharmaceuticals, By Region, 2013–2020 (USD Million)
Table 8 Lactic Acid Market in Pharmaceuticals, By Region, 2013–2020 (KT)
Table 9 Lactic Acid Market in Personal Care Products, By Region, 2013–2020 (USD Million)
Table 10 Lactic Acid Market in Personal Care Products, By Region, 2013–2020 (KT)
Table 11 Lactic Acid Market in Other Applications, By Region, 2013–2020 (USD Million)
Table 12 Lactic Acid Market in Other Applications, By Region, 2013–2020 (KT)
Table 13 Polylactic Acid Market, By Application, 2013–2020 (USD Million)
Table 14 Polylactic Acid Market, By Application, 2013–2020 (KT)
Table 15 Polylactic Acid Market in Packaging, By Region, 2013–2020 (USD Million)
Table 16 Polylactic Acid Market in Packaging, By Region, 2013–2020 (KT)
Table 17 Polylactic Acid Market in Agriculture, By Region, 2013–2020 (USD Million)
Table 18 Polylactic Acid Market in Agriculture, By Region, 2013–2020 (KT)
Table 19 Polylactic Acid Market in Automobiles, By Region, 2013–2020 (USD Million)
Table 20 Polylactic Acid Market in Automobiles, By Region, 2013–2020 (KT)
Table 21 Polylactic Acid Market in Electronics, By Region, 2013–2020 (USD Million)
Table 22 Polylactic Acid Market in Electronics, By Region, 2013–2020 (KT)
Table 23 Polylactic Acid Market in Textiles, By Region, 2013–2020 (USD Million)
Table 24 Polylactic Acid Market in Textiles, By Region, 2013–2020 (KT)
Table 25 Polylactic Acid Market in Other Applications, By Region, 2013–2020 (USD Million)
Table 26 Polylactic Acid Market in Other Applications, By Region, 2013–2020 (KT)
Table 27 Lactic Acid Market Size, By Region, 2013–2020 (USD Million)
Table 28 Lactic Acid Market Size, By Region, 2013–2020 (KT)
Table 29 North America: Lactic Acid Market Size, By Country, 2013–2020 (USD Million)
Table 30 North America: Lactic Acid Market Size, By Country, 2013–2020 (KT)
Table 31 U.S.: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 32 U.S.: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 33 Canada: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 34 Canada: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 35 Mexico: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 36 Mexico: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 37 Europe: Lactic Acid Market Size, By Country, 2013–2020 (USD Million)
Table 38 Europe: Lactic Acid Market Size, By Country, 2013–2020 (KT)
Table 39 Germany: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 40 Germany: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 41 U.K.: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 42 U.K.: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 43 France: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 44 France: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 45 Italy: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 46 Italy: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 47 Belgium: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 48 Belgium: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 49 The Netherlands: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 50 The Netherlands: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 51 Rest of Europe: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 52 Rest of Europe: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 53 Asia-Pacific: Lactic Acid Market Size, By Country, 2013–2020 (USD Million)
Table 54 Asia-Pacific: Lactic Acid Market Size, By Country, 2013–2020 (KT)
Table 55 China: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 56 China: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 57 Japan: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 58 Japan: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 59 Australia-New Zealand: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 60 Australia-New Zealand: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 61 Thailand: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 62 Thailand: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 63 Rest of Asia-Pacific: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 64 Rest of Asia-Pacific: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 65 RoW: Lactic Acid Market Size, By Country, 2013–2020 (USD Million)
Table 66 RoW: Lactic Acid Market Size, By Country, 2013–2020 (KT)
Table 67 Brazil: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 68 Brazil: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 69 Middle East: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 70 Middle East: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 71 Other Countries in RoW: Lactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 72 Other Countries in RoW: Lactic Acid Market Size, By Application, 2013–2020 (KT)
Table 73 Polylactic Acid Market Size, By Region, 2013–2020 (USD Million)
Table 74 Polylactic Acid Market Size, By Region, 2013–2020 (KT)
Table 75 North America: Polylactic Acid Market Size, By Country, 2013–2020 (USD Million)
Table 76 North America: Polylactic Acid Market Size, By Country, 2013–2020 (KT)
Table 77 U.S.: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 78 U.S.: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 79 Canada: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 80 Canada: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 81 Mexico: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 82 Mexico: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 83 Europe: Polylactic Acid Market Size, By Country, 2013–2020 (USD Million)
Table 84 Europe: Polylactic Acid Market Size, By Country, 2013–2020 (KT)
Table 85 Germany: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 86 Germany: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 87 U.K.: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 88 U.K.: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 89 France: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 90 France: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 91 Italy: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 92 Italy: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 93 Belgium: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 94 Belgium: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 95 The Netherlands: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 96 The Netherlands: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 97 Rest of Europe: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 98 Rest of Europe: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 99 Asia-Pacific: Polylactic Acid Market Size, By Country, 2013–2020 (USD Million)
Table 100 Asia-Pacific: Polylactic Acid Market Size, By Country, 2013–2020 (KT)
Table 101 China: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 102 China: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 103 Japan: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 104 Japan: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 105 Australia-New Zealand: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 106 Australia-New Zealand: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 107 Thailand: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 108 Thailand: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 109 Rest of Asia-Pacific: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 110 Rest of Asia-Pacific: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 111 RoW: Polylactic Acid Market Size, By Country, 2013–2020 (USD Million)
Table 112 RoW: Polylactic Acid Market Size, By Country, 2013–2020 (KT)
Table 113 Brazil: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 114 Brazil: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 115 Middle East: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 116 Middle East: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 117 Other Countries in RoW: Polylactic Acid Market Size, By Application, 2013–2020 (USD Million)
Table 118 Other Countries in RoW: Polylactic Acid Market Size, By Application, 2013–2020 (KT)
Table 119 New Product Launches, 2010–2011
Table 120 Expansions & Investments, 2010–2014
Table 121 Agreements, Partnership, Joint Venture and Collaborations, 2010–2014
Table 122 Mergers & Acquisitions, 2012–2015
Table 123 New Product Launches, 2010–2014
Table 124 Expansions & Investments, 2010–2014
Table 125 Agreements, Partnership, Joint Venture and Collaborations, 2010–2014
Table 126 Mergers & Acquisitions, 2012–2015


List of Figures (54 Figures)

Figure 1 Lactic Acid Market: Research Design
Figure 2 Polylactic Acid Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Lactic Acid & Polylactic Acid Market Breakdown & Data Triangulation
Figure 6 Lactic Acid Market Snapshot (2015 vs 2020): Biodegradable Polymers Segment is Projected to Grow at the Highest CAGR
Figure 7 Polylactic Acid Market Snapshot (2015 vs 2020): Packaging Application to Dominate Polylactic Acid Market During the Forecast Period
Figure 8 Lactic Acid Market Share , By Region, 2015: Asia-Pacific is Projected to Be the Fastest-Growing Market
Figure 9 Polylactic Acid Market Share, By Region, 2015: Europe is Expected to Dominate
Figure 10 Rising Demand for End-User Applications Offer Attractive Opportunities in the Lactic Acid Market
Figure 11 Market Attractiveness in the Polylactic Acid Market
Figure 12 Biodegradable Polymers to Dominate the Lactic Acid Market During the Forecast Period
Figure 13 Packaging Application is Expected to Dominate the Polylactic Acid Market Between 2015 & 2020
Figure 14 Biodegradable Polymers Captured the Largest Share in the Emerging Asia-Pacific Market in 2014
Figure 15 China is the Largest Market for Polylactic Acid in the Emerging Asia-Pacific Region in 2014
Figure 16 Increasing Population and Spending Capacity in the Asia-Pacific Region to Boost Demand for Lactic Acid Between 2015 and 2020
Figure 17 Thailand to Be the Fastest Growing Country-Level Market for Polylactic Acid
Figure 18 Asia-Pacific Market to Enter Exponential Growth Phase After 2015
Figure 19 Asia-Pacific Market to Experience High Growth in the Forecast Period for Polylactic Acid
Figure 20 Lactic Acid & Polylactic Acid Market Segmentation
Figure 21 Lactic Acid Market Dynamics
Figure 22 Polylactic Acid Market Dynamics
Figure 23 Supply Chain Analysis of the Lactic Acid & Polylactic Acid Industry
Figure 24 Porter’s Five Forces Analysis – Lactic Acid Market
Figure 25 Porter’s Five Forces Analysis – Polylactic Acid Market
Figure 26 Biodegradable Polymers to Dominate the Lactic Acid Market During the Forecast Period
Figure 27 North America to Dominate the Biodegradable Polymers Market From 2015 to 2020
Figure 28 Packaging to Dominate the Polylactic Acid Market During the Forecast Period
Figure 29 Europe to Dominate the Packaging Segment From 2015 to 2020
Figure 30 Geographic Snapshot (2014): Asia-Pacific Countries are Emerging as New Hotspots
Figure 31 North America to Dominate the Lactic Acid Market During the Forecast Period
Figure 32 The North American Lactic Acid & Polylactic Acid Market Snapshot: the U.S. is Projected to Be the Global Leader Between 2015 & 2020
Figure 33 North America to Dominate the Lactic Acid Market During the Forecast Period (USD Million)
Figure 34 Germany is Expected to Dominate the European Lactic Acid Market During the Forecast Period (USD Million)
Figure 35 Asia-Pacific Lactic & Polylactic Acid Market Snapshot: China is the Most Dominant Market
Figure 36 China to Hold the Largest Market in the Asia-Pacific Lactic Acid Market (USD Million)
Figure 37 Brazil to Dominate the Lactic Acid Market in Rest of the World During the Forecast Period (USD Million)
Figure 38 Europe to Dominate the Polylactic Acid Market During the Forecast Period
Figure 39 U.S. to Dominate the Polylactic Acid Market During the Forecast Period (USD Million)
Figure 40 Germany is Expected to Dominate the European Polylactic Acid Market During the Forecast Period (USD Million)
Figure 41 China to Hold the Largest Share in the Asia-Pacific Polylactic Acid Market (USD Million)
Figure 42 Brazil to Dominate the Polylactic Acid Market in RoW During the Forecast Period (USD Million)
Figure 43 Agreements , Partnership, Joint Venture & Collaboration Leading Approach of Key Players
Figure 44 New Product Launches and Innovations Fueled the Growth of Lactic Acid and Polylactic Acid Market Between 2010 to 2014
Figure 45 New Product Launch Was the Key Strategy of the Companies
Figure 46 Geographic Revenue Mix of Top 5 Market Players
Figure 47 BASF SE: Company Snapshot
Figure 48 BASF SE: SWOT Analysis
Figure 49 Teijin Ltd: Company Snapshot
Figure 50 Teijin Ltd: SWOT Analysis
Figure 51 The DOW Chemical Company: Company Snapshot
Figure 52 The DOW Chemical Company: SWOT Analysis
Figure 53 Corbion N.V.: Company Snapshot
Figure 54 WEI MON Industry Co., Ltd.: Company Snapshot

The global market for lactic acid is witnessing high growth, which was mainly achieved by the growing demand from its end-use applications. The increasing demand for environment-friendly products and the high cost of products that are derived from petrochemical feed stocks are estimated to drive the demand for lactic acid.

The lactic acid market is mainly driven by its end-use industries. The growth of the market in the biodegradable polymer industry is projected to primarily be driven by lactic acid-based biodegradable polymers (PLA) and lactate solvents. The polylactic acid market is witnessing a high growth, owing to increasing awareness among consumers and plastic manufacturers regarding the environment, coupled with support from government legislations and increasing landfill waste in various regions. Polylactic acid is not only a biodegradable polymer, but is also a completely bio-based polymer.

The lactic and polylactic acid market has been segmented on the basis of application and region. On the basis of application, the lactic acid market has been segmented into biodegradable polymers, food & beverages, pharmaceuticals, personal care products, and others. The polylactic acid market has been segmented into packaging, agriculture, automobile, electronics, textiles, and others. The report provides the complete analysis of the leading players in the lactic and polylactic acid markets, the key segments accounting for a majority of the shares, with a clear insight and commentary on the developments and trends.

Lactic acid and polylactic acid market

The lactic acid market is estimated to grow at a CAGR of 18.6% from 2015 to reach USD 3.82 Billion by 2020. In 2015, this market is estimated to be dominated by North America, followed by Europe. The Asia-Pacific market is projected to grow at the highest CAGR due to large use in various industrial applications such as in biodegradable polymers, food & beverages, personal care products, and pharmaceutical industries.

Lactic acid and polylactic acid market

The polylactic acid market is estimated to grow at a CAGR of 20.9% from 2015 to reach USD 5.16 Billion by 2020. In 2015, this market is estimated to be dominated by Europe, followed by North America. The Asia-Pacific market is projected to grow at the highest CAGR, owing to increasing awareness among consumers and plastic manufacturers regarding the environment, coupled with support from government legislations and increasing landfill waste in various regions.

The lactic and polylactic acid market is fragmented and competitive, with a large number of players operating at regional and local levels. The key players in this market are BASF SE (Germany), CSM N.V. (The Netherlands), The Dow Chemical Company (U.S.), Teijin Ltd. (Japan), and NatureWorks LLC (U.S). These players adopted mergers & acquisitions, expansions, and agreements as their key strategies.

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