Global Ethyl Lactate Market Forecast: 92 M US$ by 2024 as per the latest research report

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. The worldwide market for Ethyl Lactate is expected to grow at a CAGR of roughly 3.4% over the next five years, will reach 92 million US$ in 2024, from 76 million US$ in 2019.

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Market share of global Ethyl Lactate industry is dominate by companies like 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 and others which are profiled in this report as well in terms of Sales, Price, Revenue, Gross Margin and Market Share (2018-2019).

Market Segment by Regions, regional analysis covers:

  • North America (USA, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Columbia, 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
  • Pharmaceutical
  • Microelectronics
  • Other

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Table of Contents

1 Market Overview

2 Manufacturers Profiles

3 Global Ethyl Lactate Market Competitions, by Manufacturer

4 Global Ethyl Lactate Market Analysis by Regions

5 North America Ethyl Lactate by Countries

6 Europe Ethyl Lactate by Countries

7 Asia-Pacific Ethyl Lactate by Countries

8 South America Ethyl Lactate by Countries

9 Middle East and Africa Ethyl Lactate by Countries

10 Global Ethyl Lactate Market Segment by Type

11 Global Ethyl Lactate Market Segment by Application

12 Ethyl Lactate Market Forecast (2019-2024)

13 Sales Channel, Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendix

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Posted by on Monday March 25 2019, 7:54 AM EDT. All trademarks acknowledged. Filed under Chemicals, Chemicals & Materials. Comments and Trackbacks closed. Follow responses: RSS 2.0

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