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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
Scope of the Report:
This report focuses on the Ethyl Lactate in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Because of gradual economy recovery, downstream application of ethyl lactate is broadening such as food industry, Pharmaceutical industry, electronics industry, paint industry. In 2017, 50.13% ethyl lactate was used in Industrial Application industry and 26.14% was used in Food & Beverage.
With China research and development of ethyl lactate process, some China ethyl lactate production technology has been mature gradually with the technical indicators close to the imported ethyl lactate.
Asia-Pacific and North America is the main product and consume market. Asia-Pacific consumption 12620 MT ethyl lactate in 2017, while North America consumption is 7116 MT accounting for 25.36 percent of the global consumption. Corbion and Galactic is the world leaders for the time being, Taking 17.18% and 13.24% of the global ethyl lactate production respectively. Many companies are dedicated to providing high performance products with their advanced technology for customers.
The worldwide market for Ethyl Lactate is expected to grow at a CAGR of roughly 2.6% over the next five years, will reach 95 million US$ in 2023, from 81 million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
- Godavari Biorefineries
- Musashino Chemical Laboratory
- Vertec BioSolvents
- Yancheng Hongtai Bioengineering
- Huade Biological Engineering
- Henan Kangyuan
- Shenzhen Esun Industrial
- Haijianuo Bioengineer
- Jindan Lactic Acid
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
- Electronic Grade
Market Segment by Applications, can be divided into
- Food & Beverage
- Industrial Application
There are 15 Chapters to deeply display the global Ethyl Lactate market.
Chapter 1, to describe Ethyl Lactate Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Ethyl Lactate, with sales, revenue, and price of Ethyl Lactate, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Ethyl Lactate, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Ethyl Lactate market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Ethyl Lactate sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source