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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.
Scope of the Report:
This report focuses on the Lactate Esters 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.
Lactate esters industry is dispersive relatively. Currently, there are several producing companies in the world lactate esters industry. The main market players are Corbion, Galactic, Musashino Chemical Laboratory, Vertec BioSolvents, Godavari Biorefineries, Yancheng Hongtai Bioengineering and Huade Biological Engineering, etc. The production of lactate esters will increase to 34087 MT in 2017 from 26417 MT in 2012 with CAGR of 5.23%. Global lactate esters capacity utilization rate remained at around 63.03% in 2016.
Lactate esters have several types, the common types include methyl lactate, ethyl lactate and butyl lactate, etc. And each type has its own applications respectively. With solvent and intermediate application of lactate esters, the downstream industries will need more lactate esters products. So, lactate esters have a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high purity and good performance lactate esters through improving technology.
The major raw materials for lactate esters are lactic acid, ethanol / methanol / butanol, and other auxiliary chemicals. Fluctuations in the price of the upstream product will impact on the production cost of lactate esters. The production cost of lactate esters is also an important factor which could impact the price of lactate esters.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents decreasing trend according to the economy development status and international competition. Also, there is decreasing trend in gross margin.
The worldwide market for Lactate Esters is expected to grow at a CAGR of roughly 2.4% over the next five years, will reach 110 million US$ in 2023, from 92 million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
- Musashino Chemical Laboratory
- Vertec BioSolvents
- Godavari Biorefineries
- Yancheng Hongtai Bioengineering
- Huade Biological Engineering
- Yibang Industry & Commerce
- Haijianuo Bioengineer
- Jindan Lactic Acid
- Pianguan Shenxia
- Shenzhen Esun Industrial
- Baisheng Biotechnology
- Tianrun 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
- Methyl Lactate
- Ethyl Lactate
- Butyl Lactate
Market Segment by Applications, can be divided into
- Paints & Inks
- Food & Beverage
There are 15 Chapters to deeply display the global Lactate Esters market.
Chapter 1, to describe Lactate Esters Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Lactate Esters, with sales, revenue, and price of Lactate Esters, 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 Lactate Esters, 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, Lactate Esters market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Lactate Esters sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source