Sustainable Growth Opportunities in the Lactic Acid Market & Polylactic Acid Market
The global lactic acid market size is estimated to be valued at USD 1.6 billion in 2023 and is projected to reach USD 2.8 billion by 2028, recording a CAGR of 12.4%, in terms of value. The global polylactic acid market size is estimated to be valued at USD 1.3 billion in 2020 and is projected to reach USD 2.9 billion by 2028, recording a CAGR of 17.7%, in terms of value.
The surging concerns...
Latest Innovation in Global Lactic Acid Market
The global lactic acid market size is estimated to be valued at USD 1.1 billion in 2020 and is projected to reach USD 2.1 billion by 2025, recording a CAGR of 12.8%, in terms of value. The global polylactic acid market size is estimated to be valued at USD 786 million in 2020 and is projected to reach USD 1,756 million by 2025, recording a CAGR of 17.4%, in terms of value.
The rise...
Lactic Acid Market to Witness Revolutionary Growth by 2025
The global lactic acid market size is estimated to be valued at USD 1.1 billion in 2020 and is projected to reach USD 2.1 billion by 2025, recording a CAGR of 12.8%, in terms of value. The global polylactic acid market size is estimated to be valued at USD 786 million in 2020 and is projected to reach USD 1,756 million by 2025, recording a CAGR of 17.4%, in terms of value.
The rise...
Lactic Acid And Polylactic Acid Market – Global Trends, Opportunities Analysis and Forecast to 2020
The main end-user markets for lactic acid are the food & beverage, pharmaceutical, and personal care industries. Presently, the application of lactic acid has been growing in the biodegradable- and renewable raw material-based polylactic acid polymers industry. The biotechnological processes for the production of lactic acid usually include lactic acid fermentation and product purification.
The...