Global Lactic Acid Market Flourishing by Immense Pharmaceutical F&B ApplicationsPosted by industryarc on August 7th, 2019 Global Lactic Acid Market Outlook Association of well-being with aesthetic feasibility is a major trend globally. Citizens today are deeply concerned about the significance of personal health and physical appearance. Owing to this rising awareness, the opportunity in the personal care and the cosmetics industry is flourishing. These demands surfacing the personal care industry are driving the global lactic acid market owing to its rejuvenating, moisturizing, and antimicrobial features. According to a market analysis report by IndustryARC, the global lactic acid market size was around .54 billion as of 2018. And as per the ongoing market trends, the opportunities in the global Lactic acid market is expected to grow at a healthy CAGR of 7.85% during the forecast period of 2019 to 2025. View Full Table Of Content Of Lactic Acid Market: https://www.industryarc.com/Report/15126/lactic-acid-market.html Global Lactic Acid Market: Leading Segments Considering the applications, the densest demands for the lactic acid market is being conceived from the food and beverage industry, increasing with an application CAGR of around 8.12% going through 2025. This demand is induced largely because of the fermentation qualities of lactic acids. Lactic acid is an essential element for fermentation of breads, soft drinks, sweets, and beer. According to the National Beer Wholesalers Association (NBWA), the U.S. beer industry sells more than 9.3 billion worth of beer to the U.S. consumers annually. Such soaring demands for beer is augmented to escalate the adjacent lactic acid market. Global Lactic Acid Market Demand Analysis The pharmaceuticals industry has numerous opportunities for lactic acid. It is used as a pH regulator, chiral intermediate, and metal sequestration in the pharmaceutical industry. The rapidly growing innovations in the pharmaceutical industry are projected to expand the market value for the lactic acid market.
Due to the presence of adjacent carboxyl group to the hydroxyl group, lactic acid is considered as an alpha-hydroxy acid (AHA). Polylactic acid (PLA) is one of the branches of lactic acid, it is a biodegradable aliphatic polyester derived from sugar beets and sugarcane. PLAs are used as a feedstock material in desktop fused filament fabrication 3D printers. 3D printing is being considered as one of the biggest markets in the forecast period. The rise in demands for biodegradable plastics such as PLA is projected to propel the lactic acid market growth. Global Air Conditioning Market: Competitive Landscape Some of the key companies identified in the report that are currently holding majority shares in the global air-conditioning market are Corbian Purac NV, Galactic SA, FDC ltd., H.K Goel & Co. Pvt. Ltd., Henan jindan, and Lactic Acid Technology Co. Ltd. Talk to one of our sales representative about the full report by providing your details in the link below: About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Contact Us: Like it? Share it! More by this author |