Lactic Acid Esters Market Will Register a CAGR of 6.9% Through 2027

News provided by

Future Market Insights

14 Feb, 2018, 13:30 GMT

VALLEY COTTAGE, New York, February 14, 2018 /PRNewswire/ --

Analytical research report published by Future Market Insights covers various aspects of the global market for lactic acid esters. The report reveals analysis on end use industries using lactic acid esters for various applications. It lays emphasis on opportunities for growth in the lactic acid esters market along with key factors pushing the growth of the global market. The various facets of the global market across important geographies are monitored. The report covers the impact of factors that change from region to region thus changing the scenario of the lactic acid esters market in that particular region. This gives a brief idea about the market potential for lactic acid esters in various regions that the reader can use to plan future expansion. The comprehensive research study portrays a realistic picture of the global lactic acid esters market by including a weighted market segmentation along with forecast projections from 2017 till 2027, a period of 10 years.

     (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

Global Lactic Acid Esters Market: Competitive Assessment  

The research report on global lactic acid esters market covers analysis on various key players operating in the market. The list includes major companies such as Stepan Company, Merck KGaA, Galactic, Corbion N.V, GODAVARI BIOREFINERIES LTD., Cellulac, Henan Jindan Lactic Acid Technology Co., Ltd., Musashino Chemical Laboratory, Ltd., Zhengzhou Tianrun Lactic Acid Co., Ltd., Shenzhen Esun Industrial Co., Ltd., QINGDAO ABEL TECHNOLOGY CO.,LTD., Yancheng Huade Biological Engineering Co.,Ltd., and Vetrtec Biosolvents Inc.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-6140

Global Lactic Acid Esters Market: Forecast Analysis 

According to this research report, the global lactic acid esters market is expected to reach an estimate of around US$ 410 Mn by the end of the year of forecast, 2027, from a valuation of about US$ 209 Mn in 2017. The global market for lactic acid esters is projected to grow at a value CAGR of 6.9% during the period of assessment.

Global Lactic Acid Esters Market: Segmental Snapshot 

The global lactic acid esters market is segmented on the basis of product type, application and region.

With respect to product type, ethyl acetate is expected to show high adoption across industries in the coming years. The ethyl acetate segment is projected to be the largest with a market share in excess of 65% during the forecast period, consequently leading the global market.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-6140

By application, the electronics and food and beverage segments are expected to largely contribute to the revenue growth of the global market for lactic acid esters in the coming years. Of these, the electronics segment is poised to show a much higher market value.

By region, North America is the largest reflecting a high market attractiveness. However, the lactic acid esters market in Asia Pacific excluding Japan (APEJ) region is expected to grow at a higher rate during the forecast period.

View Report Preview at Lactic Acid Esters Market Segmentation By Product Type - Ethyl Lactate, Methyl Lactate, Butyl Lactate, Others; By Application - Electronics, Paints & Inks, Agrochemicals, Pharmaceuticals, Food & Beverages and Others: https://www.futuremarketinsights.com/reports/lactic-acid-esters-market

Global Lactic Acid Esters Market: Dynamics Influencing Growth 

Higher inclination towards use of green solvents in various industries, growing electronics sector across the globe, market consolidation and expansion, favourable government policies, rising food and beverage sector, availability of technologically advanced infrastructure, increasing focus on value added products coupled with favourable FDI policies, availability of natural feedstock and growth in personal care sector are expected to contribute to the growth of the global lactic acid esters market.

Browse More: Chemicals & Materials Market Insights

More from FMI's Cutting-edge Intelligence: 

About Us 

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI's research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact
Mr. Sudip Saha
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44(0)20-7692-8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremrketinsights.com

FMI Blog: http://www.fmiblog.com/ 
Website: http://www.futuremarketinsights.com

SOURCE Future Market Insights