Global and China Lactic Acid Ester Industry

Global and China Lactic Acid Ester Industry Ecological Development and Analysis Report 2023

Global and China Lactic Acid Ester Industry

Global and China Lactic Acid Ester Industry Ecological Development and Analysis Report 2023

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In terms of market side, this report researches the Lactic Acid Ester revenue, growth rate, market share by manufacturers, by type, by application and by region (region level and country level), from 2018 to 2023, and forecast to 2029.

The global Lactic Acid Ester market size in 2022 is 564.8 million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 3.50% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:

The main players in the Lactic Acid Ester market include Godavari Biorefineries Shenzhen Esun Industrial, Vertec Biosolvents, Corbion N., Qingdao Abel Technology, and Shanghai Ruizheng Chemical Technology. The share of the top 3 players in the Lactic Acid Ester market is XX%.

REGION SHARE:

The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Lactic Acid Ester market, and Asia Pacific accounted for XX%.

SEGMENT OVERVIEW:

The report segments the market by Type and Application. Butyl Lactate accounted for XX% of Lactic Acid Ester market in 2022. Ethyl Lactate share of XX%.

Electronics accounted for XX% of the Lactic Acid Ester market in 2022. Food & Beverage accounts for XX%.

Report Includes:

This report presents an overview of global market for Lactic Acid Ester. Analyses of the global market trends, with historic market revenue data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.

This report researches the key players of Lactic Acid Ester, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Lactic Acid Ester, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Lactic Acid Ester market share and industry ranking of main players, data from 2018 to 2023. Identification of the major stakeholders in the global Lactic Acid Ester market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, from 2018 to 2029. Evaluation and forecast the market size for Lactic Acid Ester sales, projected growth trends, technology, application and end-user industry.

Recent developments in the materials and chemicals industry have been influenced by various factors, including sustainability concerns, technological advancements, and changing consumer demands.

Sustainable Materials: There is a growing emphasis on sustainable materials and processes in the industry. Companies are focusing on developing bio-based and recycled materials to reduce dependence on fossil fuels and minimize environmental impact. This includes the use of bioplastics, bio-based polymers, and renewable feedstocks in various applications.

Circular Economy: The concept of a circular economy, which aims to minimize waste and maximize resource efficiency, has gained significant attention. Companies are exploring innovative solutions for recycling, upcycling, and reusing materials to create closed-loop systems. This involves developing new recycling technologies, implementing take-back programs, and designing products with end-of-life considerations in mind.

Digitalization and Industry 4.0: The integration of digital technologies, automation, and data analytics is transforming the materials and chemicals industry. Smart manufacturing, Internet of Things (IoT) sensors, and artificial intelligence (AI) are being employed to optimize production processes, improve quality control, and enhance supply chain efficiency. This digital transformation is enhancing productivity, reducing costs, and enabling predictive maintenance.

Regions Covered in This Report Are:

North America

United States

Canada

China

Asia Pacific (Excluding China)

Japan

Korea

Southeast Asia

India

Australia

EMEA

Europe

Germany

France

UK

Italy

Russia

Nordic

Middle East

Africa

Latin America

Brazil

Argentina

Mexico

The report mentions the prominent market player consisting of:

Godavari Biorefineries Shenzhen Esun Industrial

Vertec Biosolvents

Corbion N.

Qingdao Abel Technology

Shanghai Ruizheng Chemical Technology

Shandong Enno New Material

Cellulac Plc.

By Product Type, the market is primarily segmented into:

Butyl Lactate

Ethyl Lactate

Methyl Lactate

By Applications, the market is segmented into:

Electronics

Food & Beverage

Pharmaceutical

Cosmetics & Personal Care

Others

Table of Content

1 Lactic Acid Ester Market Introduction and Overview

1.1 Lactic Acid Ester Definition

1.2 Research Purposes

1.3 Currency Rate

1.4 Report Timeline

1.5 Economic Analysis of Global Regions

1.6 Inflation Analysis

1.7 The Impact of the Russian-Ukrainian War on the Market

2 Market Competition by Manufacturers

2.1 Global Lactic Acid Ester Sales and Market Share by Manufacturer

2.2 Global Lactic Acid Ester Revenue and Market Share by Manufacturer

2.3 Global Lactic Acid Ester Average Price by Manufacturers

2.4 Manufacturers Lactic Acid Ester Production Sites, Area Served, Product Types

2.5 Lactic Acid Ester Market Competitive Situation and Trends

2.5.1 Lactic Acid Ester Market Concentration Rate

2.5.2 Global Top 5 and Top 10 Players Market Share by Revenue in 2023

2.5.3 Mergers & Acquisitions, Expansion

3 Global Lactic Acid Ester Historical Market Analysis by Type

3.1 Market Size Analysis by Types

3.1.4 Global Lactic Acid Ester Market Share by Type 2018 VS 2022

3.2 Global Lactic Acid Ester Revenue and Market Share by Type

3.3 Global Lactic Acid Ester Sales and Market Share by Type

4 Global Lactic Acid Ester Historical and Forecast Market Analysis by Application

4.1 Market Size Analysis by Application

4.1.4 Global Lactic Acid Ester Market Share by Application 2018 VS 2022

4.2 Global Lactic Acid Ester Revenue Market Share by Application (2018-2023)

4.3 Global Lactic Acid Ester Sales Market Share by Application (2018-2023)

5 Global Market Growth Trends Analysis

5.1 Global Lactic Acid Ester Market Size (2018-2023)

5.2 Lactic Acid Ester Growth Trends Analysis by Regions

5.2.1 Lactic Acid Ester Market Size by Regions: 2018 VS 2023 VS 2029

5.2.2 Lactic Acid Ester Historic Revenue Market Size by Regions (2018-2023)

5.2.3 Lactic Acid Ester Historic Sales Market Size by Regions (2018-2023)

5.3 North America

5.3.1 North America Lactic Acid Ester Revenue by Countries (2018-2023)

5.3.2 North America Lactic Acid Ester Sales by Countries (2018-2023)

5.3.3 North America SWOT Analysis

5.3.4 United States

5.3.5 Canada

5.4 China

5.4.1 China SWOT Analysis

5.5 Asia Pacific (Excluding China)

5.5.1 Asia Pacific Lactic Acid Ester Revenue by Countries (2018-2023)

5.5.2 Asia Pacific Lactic Acid Ester Sales by Countries (2018-2023)

5.5.3 Asia Pacific SWOT Analysis

5.5.4 Japan

5.5.5 Korea

5.5.6 Southeast Asia

5.5.7 India

5.5.8 Australia

5.6 EMEA

5.6.1 EMEA Lactic Acid Ester Revenue by Countries (2018-2023)

5.6.2 EMEA Lactic Acid Ester Sales by Countries (2018-2023)

5.6.3 EMEA SWOT Analysis

5.6.4 Europe

5.6.5 Middle East

5.6.6 Africa

5.7 Latin America

5.7.1 Latin America Lactic Acid Ester Revenue by Countries (2018-2023)

5.7.2 Latin America Lactic Acid Ester Sales by Countries (2018-2023)

5.7.3 Latin America SWOT Analysis

5.7.4 Brazil

5.7.5 Argentina

5.7.6 Mexico

6 Players Profiles

6.1 Godavari Biorefineries Shenzhen Esun Industrial

6.1.1 Godavari Biorefineries Shenzhen Esun Industrial Company Profile

6.1.2 Lactic Acid Ester Product Overview

6.1.3 Godavari Biorefineries Shenzhen Esun Industrial Lactic Acid Ester Market Performance (2018-2023)

6.1.4 Godavari Biorefineries Shenzhen Esun Industrial Business Overview

6.1.5 SWOT Analysis

6.2 Vertec Biosolvents

6.2.1 Vertec Biosolvents Company Profile

6.2.2 Lactic Acid Ester Product Overview

6.2.3 Vertec Biosolvents Lactic Acid Ester Market Performance (2018-2023)

6.2.4 Vertec Biosolvents Business Overview

6.2.5 SWOT Analysis

6.3 Corbion N.

6.3.1 Corbion N. Company Profile

6.3.2 Lactic Acid Ester Product Overview

6.3.3 Corbion N. Lactic Acid Ester Market Performance (2018-2023)

6.3.4 Corbion N. Business Overview

6.3.5 SWOT Analysis

6.4 Qingdao Abel Technology

6.4.1 Qingdao Abel Technology Company Profile

6.4.2 Lactic Acid Ester Product Overview

6.4.3 Qingdao Abel Technology Lactic Acid Ester Market Performance (2018-2023)

6.4.4 Qingdao Abel Technology Business Overview

6.4.5 SWOT Analysis

6.5 Shanghai Ruizheng Chemical Technology

6.5.1 Shanghai Ruizheng Chemical Technology Company Profile

6.5.2 Lactic Acid Ester Product Overview

6.5.3 Shanghai Ruizheng Chemical Technology Lactic Acid Ester Market Performance (2018-2023)

6.5.4 Shanghai Ruizheng Chemical Technology Business Overview

6.5.5 SWOT Analysis

6.6 Shandong Enno New Material

6.6.1 Shandong Enno New Material Company Profile

6.6.2 Lactic Acid Ester Product Overview

6.6.3 Shandong Enno New Material Lactic Acid Ester Market Performance (2018-2023)

6.6.4 Shandong Enno New Material Business Overview

6.6.5 SWOT Analysis

6.7 Cellulac Plc.

6.7.1 Cellulac Plc. Company Profile

6.7.2 Lactic Acid Ester Product Overview

6.7.3 Cellulac Plc. Lactic Acid Ester Market Performance (2018-2023)

6.7.4 Cellulac Plc. Business Overview

6.7.5 SWOT Analysis

7 Lactic Acid Ester Manufacturing Cost Analysis

7.1 Lactic Acid Ester Key Raw Materials Analysis

7.1.1 Key Raw Materials

7.1.2 Price Trend of Key Raw Materials

7.1.3 Key Suppliers of Raw Materials

7.2 Proportion of Manufacturing Cost Structure

7.3 Manufacturing Process Analysis of Lactic Acid Ester

7.4 Lactic Acid Ester Industrial Chain Analysis

8 Market Channel, Distributors, Traders and Dealers

8.1 Market Channel Status

8.1.1 Direct Marketing

8.1.2 Indirect Marketing

8.2 Lactic Acid Ester Typical Distributors

8.3 Lactic Acid Ester Typical Customers

9 Lactic Acid Ester Industry Dynamic Analysis

9.1 Lactic Acid Ester Market Trends Analysis

9.2 Lactic Acid Ester Market Drivers Analysis

9.3 Lactic Acid Ester Market Challenges Analysis

9.4 Lactic Acid Ester Market Restraints Analysis

10 Global Lactic Acid Ester Forecast Market Analysis by Type & Application

10.1 Global Lactic Acid Ester Revenue Market Forecast by Type (2023-2029)

10.2 Global Lactic Acid Ester Sales Market Forecast by Type (2023-2029)

10.3 Lactic Acid Ester Revenue Market Forecast by Application (2023-2029)

10.4 Lactic Acid Ester Sales Market Forecast by Application (2023-2029)

11 Global Lactic Acid Ester Forecast Market Analysis by Region

11.1 Lactic Acid Ester Revenue Market Forecast by Region (2023-2029)

11.2 Lactic Acid Ester Sales Market Forecast by Region (2023-2029)

11.3 North America Lactic Acid Ester Forecast Market Analysis

11.4 EMEA Lactic Acid Ester Forecast Market Analysis

11.5 China Lactic Acid Ester Forecast Market Analysis

11.6 Asia-Pacific Lactic Acid Ester Forecast Market Analysis

11.7 Latin America Lactic Acid Ester Forecast Market Analysis

12 Research Findings and Conclusion

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Lactic Acid Ester Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why is the Lactic Acid Ester Market trending toward high growth trajectories?
A dynamic process in the Lactic Acid Ester Market is initiated by new entrants, including competitors from unrelated industries, in addition to the established players like Corbion, NatureWorks, Cargill, BASF, DuPont, etc..
Why are some of the most well-known companies left out of the Lactic Acid Ester Market study?
The Lactic Acid Ester study includes a diverse group of participants, including both market leaders and up-and-comers. Contact our sales representative to receive a complete list of companies covered in the study.
Who are the significant end-users in the Lactic Acid Ester Market?
The key end-users in the Lactic Acid Ester Market are Packaging, Pharmaceuticals, Personal Care
What is the forecasted growth rate of the Lactic Acid Ester Market?
The Lactic Acid Ester Market is expected to grow at a moderate CAGR during the forecast period of 2025 to 2030.
What trends may have an impact on the Lactic Acid Ester Market's growth?
A handful of disruptive trends, nevertheless, will have a contradictory and significant impact on the development of the Lactic Acid Ester Market as well as its distribution among its players
How is the competitive landscape for the Lactic Acid Ester Market defined?
Companies in the Lactic Acid Ester Industry are thoroughly researched and profiled in order to determine why certain trends will have a significant impact and how they will be factored into the Lactic Acid Ester Market's trajectory and future outlook.