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.
Global Ethyl Lactate market size will increase to 100 Million US$ by 2025, from 76 Million US$ in 2018, at a CAGR of 3.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Ethyl Lactate.
This report researches the worldwide Ethyl Lactate market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Ethyl Lactate breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
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
Ethyl Lactate Breakdown Data by Type
Food Grade
Pharmaceutical Grade
Industrial Grade
Electronic Grade
Ethyl Lactate Breakdown Data by Application
Food & Beverage
Industrial Application
Pharmaceutical
Microelectronics
Other
Ethyl Lactate Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions
Ethyl Lactate Consumption Breakdown Data by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Ethyl Lactate capacity, production, value, consumption, status and forecast;
To focus on the key Ethyl Lactate manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Ethyl Lactate :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Ethyl Lactate . Industry analysis & Market Report on Ethyl Lactate is a syndicated market report, published as Global Ethyl Lactate Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Ethyl Lactate market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.