Lactic acid esters are ester compounds derived from esterification of lactic acid. It is also referred to as a derivative of lactic acid. Lactic acid is a green solvent that is obtained from the fermentation followed by purification of carbohydrates. Lactic acid esters are commercially used as solvents in various applications across various end use industries.
| Attributes | Details |
|---|---|
| Estimated Market Value (2022) | USD 286.53 Million |
| Projected Market Revenue (2032) | USD 558.40 Million |
| Value-based Market CAGR (2022 to 2032) | 6.9% |
This fact based research covers overall market for lactic acid esters. This includes trends, developments by various key players and other aspects impacting the growth of the global lactic acid esters market. Additionally, analysis on drivers fuelling the growth and restraints hindering the growth of the lactic acid esters market across the globe is covered in this research report.
The market segmentation covers all angles of the market thus portraying a holistic approach. This all-inclusive research report reflects the growth path of the global lactic acid esters market by including key forecast highlights along with historical data.
According to this research report, the global lactic acid esters market is expected to reach an estimation of more than USD 558.40 Million by the end of the year of estimation (2032) from a value a little under USD 286.53 Million in 2022.
The global lactic acid esters market is projected to reflect a robust value CAGR of 6.9% throughout the period of forecast, 2017 to 2027.
In the application category, lactic acid esters are being used in the electronics sector as solvents for cleaning formulation in semiconductor and electronic goods. The use of lactic acid esters has been tremendous in this field which is expected to trigger increased sales of lactic acid esters in the coming years.
With respect to the use of lactic acid esters in electronics domain, the electronics application segment in 2022 reflected a value of about USD 65 Million and is estimated to reach a valuation of more than USD 125 Million by the end of the year of assessment (2032). This segment is projected to grow at a significant value CAGR 6.8% of throughout the period of assessment.
In the application category, the food and beverage segment is expected to be the second largest with respect to market valuation. The food and beverage segment is estimated to reach a value of about USD 90 Million by the end of the year of assessment (2032) from a value of around USD 45 Million in 2022 and is projected to grow at a value CAGR of 7.2% throughout the period of forecast.
Apart from revenue generation, this segment is also expected to be the second fastest growing segment in the application category.
Lactic acid esters are finding increased use in agrochemicals and pharmaceuticals. In agrochemicals they are used to produce environment friendly insecticides and pesticides. In the pharmaceutical sector, lactic acid esters are used in manufacturing ointments and medicines.
The agrochemical segment is expected to show increased adoption of lactic acid esters as compared to pharmaceutical segment, and is poised to grow at a comparatively higher rate during the forecast period.
However, the use of lactic acid esters has been prominent since past years in the pharmaceutical sector, which makes this segment a significantly larger with respect to valuation than the agrochemical segment.
Table 01: Global Lactates Market Volume (TONNES) Value (US$ Mn) by Product Type, 2012 – 2027
Table 02: Global Lactates Market Value (US$ Mn) & Volume (Metric tons) by Application, 2012 – 2027
Table 03: Global Lactates Market Value (US$ Mn) by Region, 2012 – 2027
Table 04: Global Lactates Market Volume (TONNES) by Region, 2012 – 2027
Table 05: North America Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast By Country, 2012 – 2027
Table 06: North America Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast By Product Type, 2012 – 2027
Table 07: North America Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast By Application, 2012 – 2027
Table 08: Latin America Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast by Country, 2012 – 2027
Table 09: Latin America Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast by Product Type, 2012 – 2027
Table 10: Latin America Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast by Application, 2012 – 2027
Table 11: Western Europe Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast By Country, 2012 – 2027
Table 12: Western Europe Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast By Product Type, 2012 – 2027
Table 13: Western Europe Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast By Application, 2012 – 2027
Table 14: Eastern Europe Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast by Country, 2012 – 2027
Table 15: Eastern Europe Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast by Product Type, 2012 – 2027
Table 16: Eastern Europe Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast by Application, 2012 – 2027
Table 17: APEJ Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast by Country, 2012 – 2027
Table 18: APEJ Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast by Product Type, 2012 – 2027
Table 19: APEJ Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast by Application, 2012 – 2027
Table 20: Japan Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast By Country, 2012 – 2027
Table 21: Japan Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast By Product Type, 2012 – 2027
Table 22: Japan Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast By Application, 2012 – 2027
Table 23: MEA Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast by Country, 2012 – 2027
Table 24: MEA Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast by Product Type, 2012 – 2027
Table 25: MEA Lactates Market Size (US$ Mn) and Volume (TONNES) Forecast by Application, 2012 – 2027
Figure 01: Global GDP Forecast (US$ Bn) & Y-o-Y Growth, 2012–2027
Figure 02: Global urban population (Mn) & Y-o-Y Growth, 2016 - 2027
Figure 03: Global Fertilizer Nutrients Consumption (Mn Tonnes) - 2010-2017
Figure 04: Global Semiconductors Market Growth
Figure 05: Global Paints & Coatings Market Value (US$ Bn) and Y-o-Y Growth (%), 2015-2025
Figure 06: Global Lactates Market Volume (Tonnes), 2017–2027
Figure 07: Global Lactates Market Value (US$ Mn) and Y-o-Y Growth Projection, 2017–2027
Figure 08: Global Lactates Market Value (US$ Mn) Absolute $ Opportunity, 2017–2027
Figure 09: Global Lactates Market Share and BPS Analysis by Product Type– 2012, 2017 & 2027
Figure 10: Global Lactates Market Y-o-Y Growth by Product Type, 2017 – 2027
Figure 11: Global Lactates Market Attractiveness Analysis by Product Type, 2017 – 2027
Figure 12: Global Lactates Market Absolute $ Opportunity Analysis by Product Type
Figure 13: Global Lactates Market Share and BPS Analysis by Application – 2012, 2017 & 2027
Figure 14: Global Lactates Market Y-o-Y Growth by Application, 2017 – 2027
Figure 15: Global Lactates Market Attractiveness Analysis by Application, 2017 – 2027
Figure 16: Global Lactates Market Absolute $ Opportunity Analysis by Application
Figure 17: Global Lactates Market Share and BPS Analysis by Region – 2012, 2017 & 2027
Figure 18: Global Lactates Market Y-o-Y Growth by Region, 2017 – 2027
Figure 19: Global Lactates Market Attractiveness Analysis by Region, 2017 – 2027
Figure 20: Global Lactates Market Absolute $ Opportunity Analysis by Region
Figure 21: North America Lactates Market Value Share by Country, 2017
Figure 22: North America Lactates Market Value Share by Application, 2017
Figure 23: North America Lactates Market Value Share by Product Type, 2017
Figure 24: North America Lactates Market Value (US$ Mn) and Volume (TONNES) Forecast, 2017 & 2027
Figure 25: North America Historical Lactates Market Size and Volume Analysis, 2012 – 2016
Figure 26: North America Current and Future Lactates Market Size and Volume Analysis,
Figure 27: North America Lactates Market Share and BPS Analysis by Country – 2012, 2017 & 2027
Figure 28: North America Lactates Market Attractiveness Analysis by Country, 2012 – 2027
Figure 29: North America Lactates Market Y-o-Y Projections by Country, 2017 – 2025
Figure 30: U.S. Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 31: Canada Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 32: North America Lactates Market Share and BPS Analysis by Product Type – 2012, 2017 & 2027
Figure 33: North America Lactates Market Attractiveness by Product Type, 2012 – 2027
Figure 34: North America Lactates Market Y-o-Y Projections by Formulation Type, 2017 – 2025
Figure 35: North America Lactates Market Share and BPS Analysis by Application – 2012, 2017 & 2027
Figure 36: North America Lactates Market Attractiveness by Application, 2012 – 2027
Figure 37: North America Lactates Market Y-o-Y Projections by Product Type, 2017 – 2025
Figure 38: Latin America Lactates Market Value Share by Country, 2017
Figure 39: Latin America Lactates Market Value Share by Application, 2017
Figure 40: Latin America Lactates Market Value Share by Product Type, 2017
Figure 41: Latin America Lactates Market Value (US$ Mn) and Volume (TONNES) Forecast, 2017 & 2027
Figure 42: Latin America Historical Lactates Market Size and Volume Analysis, 2012 – 2016
Figure 43: Latin America Current and Future Lactates Market Size and Volume Analysis,
Figure 44: Latin America Lactates Market Share and BPS Analysis by Country – 2012, 2017 & 2027
Figure 45: Latin America Lactates Market Attractiveness Analysis by Country, 2012 – 2027
Figure 46: Latin America Lactates Market Share and BPS Analysis by Country, 2017 & 2025
Figure 47: Brazil Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 48: Mexico Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 49: Argentina Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 50: Rest of LA Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 51: Latin America Lactates Market Share and BPS Analysis by Product Type – 2012, 2017 & 2027
Figure 52: Latin America Lactates Market Attractiveness by Product Type, 2012 – 2027
Figure 53: Latin America Lactates Market Y-o-Y Projections by Formulation Type, 2017 - 2025
Figure 54: Latin America Lactates Market Share and BPS Analysis by Application – 2012, 2017 & 2027
Figure 55: Latin America Lactates Market Attractiveness by Application, 2012 – 2027
Figure 56: Latin America Lactates Market Y-o-Y Projections by Product Type, 2017 - 2025
Figure 57: Western Europe Lactates Market Value Share by Country, 2017
Figure 58: Western Europe Lactates Market Value Share by Application, 2017
Figure 59: Western Europe Lactates Market Value Share by Product Type, 2017
Figure 60: Western Europe Lactates Market Value (US$ Mn) and Volume (TONNES) Forecast, 2017 & 2027
Figure 61: Western Europe Historical Lactates Market Size and Volume Analysis, 2012 – 2016
Figure 62: Western Europe Current and Future Lactates Market Size and Volume Analysis,
Figure 63: Western Europe Lactates Market Share and BPS Analysis by Country – 2012, 2017 & 2027
Figure 64: Western Europe Lactates Market Attractiveness Analysis by Country, 2012 – 2027
Figure 65: Western Europe Lactates Market Y-o-Y Projections by Country, 2017 – 2025
Figure 66: Germany Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 67: Italy Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 68: France Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 69: U.K. Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 70: Spain Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 71: Nordic Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 72: BENELUX Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 73: Rest of Western Europe Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 74: Western Europe Lactates Market Share and BPS Analysis by Product Type – 2012, 2017 & 2027
Figure 75: Western Europe Lactates Market Attractiveness by Product Type, 2012 – 2027
Figure 76: Western Europe Lactates Market Y-o-Y Projections by Product Type, 2017 – 2025
Figure 77: Western Europe Lactates Market Share and BPS Analysis by Application – 2012, 2017 & 2027
Figure 78: Western Europe Lactates Market Attractiveness by Application, 2012 – 2027
Figure 79: Western Europe Lactates Market Y-o-Y Projections by Application, 2017 – 2025
Figure 80: Eastern Europe Lactates Market Value Share by Country, 2017
Figure 81: Eastern Europe Lactates Market Value Share by Application, 2017
Figure 82: Eastern Europe Lactates Market Value Share by Product Type, 2017
Figure 83: Eastern Europe Lactates Market Value (US$ Mn) and Volume (TONNES) Forecast, 2017 & 2027
Figure 84: Eastern Europe Historical Lactates Market Size and Volume Analysis, 2012 – 2016
Figure 85: Eastern Europe Current and Future Lactates Market Size and Volume Analysis,
Figure 86: Eastern Europe Lactates Market Share and BPS Analysis by Country – 2012, 2017 & 2027
Figure 87: Eastern Europe Lactates Market Attractiveness Analysis by Country, 2012 – 2027
Figure 88: Eastern Europe Lactates Market Share and BPS Analysis by Country, 2017 & 2025
Figure 89: Russia Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 90: Poland Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 91: Rest of Eastern Europe Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 92: Eastern Europe Lactates Market Share and BPS Analysis by Product Type – 2012, 2017 & 2027
Figure 93: Eastern Europe Lactates Market Attractiveness by Product Type, 2012 – 2027
Figure 94: Eastern Europe Lactates Market Y-o-Y Projections by Formulation Type, 2017 - 2025
Figure 95: Eastern Europe Lactates Market Share and BPS Analysis by Application – 2012, 2017 & 2027
Figure 96: Eastern Europe Lactates Market Attractiveness by Application, 2012 – 2027
Figure 97: Eastern Europe Lactates Market Y-o-Y Projections by Product Type, 2017 - 2025
Figure 98: APEJ Lactates Market Value Share by Country, 2017
Figure 99: APEJ Lactates Market Value Share by Application, 2017
Figure 100: APEJ Lactates Market Value Share by Product Type, 2017
Figure 101: APEJ Lactates Market Value (US$ Mn) and Volume (TONNES) Forecast, 2017 & 2027
Figure 102: APEJ Historical Lactates Market Size and Volume Analysis, 2012 – 2016
Figure 103: APEJ Current and Future Lactates Market Size and Volume Analysis,
Figure 104: APEJ Lactates Market Share and BPS Analysis by Country – 2012, 2017 & 2027
Figure 105: APEJ Lactates Market Attractiveness Analysis by Country, 2012 – 2027
Figure 106: APEJ Lactates Market Share and BPS Analysis by Country, 2017 – 2025
Figure 107: China Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 108: India Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 109: ASEAN Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 110: Oceania Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 111: Rest of APEJ Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 112: APEJ Lactates Market Share and BPS Analysis by Product Type – 2012, 2017 & 2027
Figure 113: APEJ Lactates Market Attractiveness by Product Type, 2012 – 2027
Figure 114: APEJ Lactates Market Y-o-Y Projections by Formulation Type, 2017 – 2025
Figure 115: APEJ Lactates Market Share and BPS Analysis by Application – 2012, 2017 & 2027
Figure 116: APEJ Lactates Market Attractiveness by Application, 2012 – 2027
Figure 117: APEJ Lactates Market Y-o-Y Projections by Product Type, 2017 – 2025
Figure 118: Japan Lactates Market Value Share by Application, 2017
Figure 119: Japan Lactates Market Value Share by Product Type, 2017
Figure 120: Japan Lactates Market Value (US$ Mn) and Volume (TONNES) Forecast, 2017 & 2027
Figure 121: Japan Historical Lactates Market Size and Volume Analysis, 2012 – 2016
Figure 122: Japan Current and Future Lactates Market Size and Volume Analysis,
Figure 123: Japan Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 124: Japan Lactates Market Share and BPS Analysis by Country, 2017 & 2025
Figure 125: Japan Lactates Market Share and BPS Analysis by Product Type – 2012, 2017 & 2027
Figure 126: Japan Lactates Market Attractiveness by Product Type, 2012 – 2027
Figure 127: Japan Lactates Market Y-o-Y Projections by Formulation Type, 2017 – 2025
Figure 128: Japan Lactates Market Share and BPS Analysis by Application – 2012, 2017 & 2027
Figure 129: Japan Lactates Market Attractiveness by Application, 2012 – 2027
Figure 130: Japan Lactates Market Y-o-Y Projections by Product Type, 2017 - 2027
Figure 131: MEA Lactates Market Value Share by Country, 2017
Figure 132: MEA Lactates Market Value Share by Application, 2017
Figure 133: MEA Lactates Market Value Share by Product Type, 2017
Figure 134: MEA Lactates Market Value (US$ Mn) and Volume (TONNES) Forecast, 2017 & 2027
Figure 135: MEA Historical Lactates Market Size and Volume Analysis, 2012 – 2016
Figure 136: MEA Current and Future Lactates Market Size and Volume Analysis,
Figure 137: MEA Lactates Market Share and BPS Analysis by Country – 2012, 2017 & 2027
Figure 138: MEA Lactates Market Attractiveness Analysis by Country, 2012 – 2027
Figure 139: MEA Lactates Market Share and BPS Analysis by Country, 2017 – 2025
Figure 140: GCC Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 141: Israel Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 142: Turkey Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 143: South Africa Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 144: Rest of MEA Lactates Market Absolute $ Opportunity 2012 to 2016 and 2027
Figure 145: MEA Lactates Market Share and BPS Analysis by Product Type – 2012, 2017 & 2027
Figure 146: MEA Lactates Market Attractiveness by Product Type, 2012 – 2027
Figure 147: MEA Lactates Market Y-o-Y Projections by Formulation Type, 2017 – 2025
Figure 148: MEA Lactates Market Share and BPS Analysis by Application – 2012, 2017 & 2027
Figure 149: MEA Lactates Market Attractiveness by Application, 2012 – 2027
The lactic acid esters market is predicted to grow at 6.9% CAGR through 2032.
North America lactic acid esters market holds the highest revenue potential.
The lactic acid esters market is expected to surpass USD 558.40 Million by 2032.
The lactic acid esters market size is anticipated to be over USD 286.53 Million in 2022.
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Lactic Acid Esters Market
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