Global Lactate Esters Supply, Demand and Key Producers, 2023-2029

Global Lactate Esters Supply, Demand and Key Producers, 2023-2029

The global Lactate Esters market size is expected to reach $ 285.1 million by 2029, rising at a market growth of 3.2% CAGR during the forecast period (2023-2029).

Global Lactate Esters key players include Corbion, Galactic, Musashino Chemical Laboratory, Vertec BioSolvents, Yancheng Huade Biological Engineering and Henan Kangyuan Flavor. Global top five players hold a share over 75%.

Europe is the largest market, with a share about 50%, followed by China and North America, having a total share about 40 percent. In terms of product, Ethyl Lactate is the largest segment, with a share about 56%. And in terms of application, the largest application is Food and Beverage, followed by Electronics Industry, Pharmaceuticals and Pesticides, Paints and Coatings, Industrial Solvents.

Lactate Esters are derivatives of lactic acid. It is commonly used as a solvent or intermediate in pharmaceutical, detergent, coatings, food and fragrance production. The most common types include methyl lactate, ethyl lactate and butyl lactate, etc.

This report studies the global Lactate Esters production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Lactate Esters, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Lactate Esters that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Lactate Esters total production and demand, 2018-2029, (MT)

Global Lactate Esters total production value, 2018-2029, (USD Million)

Global Lactate Esters production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (MT)

Global Lactate Esters consumption by region & country, CAGR, 2018-2029 & (MT)

U.S. VS China: Lactate Esters domestic production, consumption, key domestic manufacturers and share

Global Lactate Esters production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (MT)

Global Lactate Esters production by Type, production, value, CAGR, 2018-2029, (USD Million) & (MT)

Global Lactate Esters production by Application production, value, CAGR, 2018-2029, (USD Million) & (MT).

This reports profiles key players in the global Lactate Esters market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Corbion, Galactic, Musashino Chemical Laboratory, Vertec BioSolvents, Godavari, Yancheng Huade Biological Engineering, Yancheng Hongtai Bioengineering, Henan Kangyuan Flavor and Weishi County Flavor Factory, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Lactate Esters market.

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MT) and average price (USD/MT) by manufacturer, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Lactate Esters Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Lactate Esters Market, Segmentation by Type
Ethyl Lactate
Methyl Lactate
Butyl Lactate
Others

Global Lactate Esters Market, Segmentation by Application
Food and Beverage
Pharmaceuticals and Pesticides
Paints and Coatings
Electronics Industry
Industrial Solvents
Others

Companies Profiled:
Corbion
Galactic
Musashino Chemical Laboratory
Vertec BioSolvents
Godavari
Yancheng Huade Biological Engineering
Yancheng Hongtai Bioengineering
Henan Kangyuan Flavor
Weishi County Flavor Factory
Dancheng County Yuanda Industry & Commerce
Shenzhen Esun Industrial
Henan Jindan

Key Questions Answered

1. How big is the global Lactate Esters market?

2. What is the demand of the global Lactate Esters market?

3. What is the year over year growth of the global Lactate Esters market?

4. What is the production and production value of the global Lactate Esters market?

5. Who are the key producers in the global Lactate Esters market?

6. What are the growth factors driving the market demand?