Global Ethyl Lactate Market Growth 2023-2029

Global Ethyl Lactate Market Growth 2023-2029

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
LPI (LP Information)' newest research report, the “Ethyl Lactate Industry Forecast” looks at past sales and reviews total world Ethyl Lactate sales in 2022, providing a comprehensive analysis by region and market sector of projected Ethyl Lactate sales for 2023 through 2029. With Ethyl Lactate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ethyl Lactate industry.
This Insight Report provides a comprehensive analysis of the global Ethyl Lactate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ethyl Lactate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ethyl Lactate market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ethyl Lactate and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ethyl Lactate.
The global Ethyl Lactate market size is projected to grow from US$ 84 million in 2022 to US$ 105.7 million in 2029; it is expected to grow at a CAGR of 105.7 from 2023 to 2029.
Global Ethyl Lactate key players include Corbion, Galactic, Musashino Chemical Laboratory, Yancheng Hongtai Bioengineering, etc. Global top four manufacturers hold a share over 50%.
North America is the largest market, with a share about 35%, followed by Europe and China, both have a share about 50 percent.
In terms of product, Industrial Grade is the largest segment, with a share about 40%. And in terms of application, the largest application is Industrial Application, followed by Food & Beverage, Pharmaceutical, Microelectronics, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Ethyl Lactate market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Food Grade
Pharmaceutical Grade
Industrial Grade
Electronic Grade
Segmentation by application
Food & Beverage
Industrial Application
Pharmaceutical
Microelectronics
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Ethyl Lactate market?
What factors are driving Ethyl Lactate market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Ethyl Lactate market opportunities vary by end market size?
How does Ethyl Lactate break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.