DUBLIN, June 10, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Research Report on Lactic Acid and Polylactic Acid (PLA) Industry in China, 2011-2020" report to their offering.

The global lactic acid market is mainly produced in the U.S., West Europe, Japan, China, etc. The fermentation method is adopted in most manufacturers. The production capacity of lactic acid is concentrated in North America, Asia and Europe. Lactic acid is widely used in many fields. In recent years, with the extremely insufficient resources and more concerns for environmental protection, the degradable polylactic acid (PLA) made from lactic acid is more widely applied.

In the Chinese lactic acid industry, only 10 enterprises, such as Henan Jindan Lacitc Acid Technology Co., Ltd. and COFCO Biochemical (Anhui) Co., Ltd. can reach annual production capacity of tens of thousands of tons. Most enterprises are small-sized with annual production capacity of hundreds to thousands of tons. Many enterprises in China issued the proposed projects or expansion plans. It is expected that the annual production capacity and output volume will rapidly increase.

A sound industry chain system is formed in the Chinese lactic acid industry. In terms of the constitution of upstream and downstream industries, lactic acid manufacturing industry is the extension of the raw material industry, which partly realizes the development from raw materials to high-end industry chain.

In China, the major upstream raw material of lactic acid is corn starch, and the downstream includes food and beverage, medicine, chemical engineering, cosmetics and electronics industry. With the largest consumption of lactic acid, the food and beverages enjoys the annual growth rate of above 10%. The application in other industries includes leather manufacture, micro electronics, electroplating and PLA production. The output volume of China's lactic acid exceeded more than 180,000 tons in 2015.

China's PLA production capacity is gradually increasing. Major manufacturers include Zhejiang Hisun Biomaterials Co., Ltd., Nantong Jiuding Biological Engineering Co., Ltd., etc. It is predicted that the consumption of lactic acid for PLA production will increase in the next few years. The global production capacity of PLA is expected to increase from 200,000 tons in 2012 to 800,000 tons in 2020. However, it is estimated that the production capacity in Asia will reach 400,000 tons, accounting for nearly half of the global. Many Asian countries issue policies to support the development of various bio-based materials. In addition, Asia possesses a large number of agricultural raw materials, which will promote the development of PLA. However, there is still less demand for PLA in Asia, which indicates that most of its new production capacity will be exported.

Key Topics Covered:

1 Basic Concepts of Lactic Acid and Polylactic Acid

2 Analysis of Global Lactic Acid and Polylactic Acid Industry, 2011-2015

3 Development Environment of Lactic Acid and Polylactic Acid Industry in China, 2011-2016

4 Operation Status of Lactic Acid and Polylactic Acid Industry in China, 2011-2015

5 Import and Export of Lactic Acid and Polylactic Acid in China, 2011-2015

6 Major Lactic Acid and Polylactic Acid Manufacturers in China, 2015-2016

7 Prospects of Lactic Acid and Polylactic Acid Industry in China, 2016-2020

Companies Mentioned

- COFCO Biochemical (Anhui) Co., Ltd.
- Chongqing Bofei Biochemical Products Co., Ltd.
- Hebei Xinhua Co., Ltd.
- Henan Jindan Lacitc Acid Technology Co., Ltd.
- Musashino Chemical (China) Co., Ltd.
- Nantong Jiuding Bio-Engineering Co., Ltd.
- Ningxia Hypow Bio-technology Co., Ltd.
- Shanxi Leda Biochemical Co., Ltd.
- Xiaogan Kaifeng Bioengineering Co., Ltd.
- Yancheng Haijianuo Biological Engineering Co., Ltd.
- Zhejiang Hisun Biomaterials Co., Ltd.

For more information visit http://www.researchandmarkets.com/research/xkg9ph/research_report

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SOURCE Research and Markets