A research study titled, “Ethyl Lactate Market by Product And Application – Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Ethyl Lactate Market is projected to be around $1530.62 million by 2022.
The ethyl lactate market was valued around USD 651.32 million in 2012 and is expected to reach approximately USD 1530.62 million by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 7.99% during the forecast period. Ethyl lactate also termed lactic acid ethyl ester, is a monobasic ester composed from lactic acid and ethanol, regularly utilized as a dissolvable liquid. This compound is viewed as biodegradable and can be utilized as a water-rinsable degreaser. It is naturally present in small amounts in a number of foods like chicken, wine and different kinds of fruits. The scents of ethyl lactate when diluted is gentle, rich, and creamy, with hints of fruit and coconut. Ethyl lactate is commonly created from organic sources. Ethyl lactate is additionally delivered mechanically from petrochemical stocks, and this ethyl lactate comprises of the racemic blend of levo and dextro frames. It is widely used as a solvent in coatings, cosmetic, fragrance, pharmaceutical, food production and detergents.
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Ethyl Lactate Market Regional Outlook:
Based on geography, the global ethyl lactate market is segmented into North America (Canada, US and Mexico), Europe (Germany, France, UK, Italy, Spain, etc.), Asia Pacific (China, Japan, India, Australia, South Korea, etc.), and Rest of the World (Saudi Arabia, Brazil, United Arab Emirates, South Africa, and others). It has been predicted that Asia Pacific region has been dominating the Ethyl Lactate market on production and consumption.
Ethyl Lactate Market: Competitive Outlook
Global ethyl lactate market share is subtly separated due to the predominance of huge number of small and medium sized industry players. The major market players of this industry are Corbion, Galactic (a subsidiary of Finasurce SA), ADM, Musashino Chemical Laboratory, Ltd., VertecBioSolvents, YanchengHuade Biological Engineering Co. Ltd., Henan Jindan Lactic Acid Technology Co., Ltd, Zhengzhou Tianrun Lactic Acid Co., Ltd., Shenzhen Esun Industrial Co. Ltd. and QINGDAO ABEL TECHNOLOGY CO., LTD.
Ethyl Lactate Market Segmentation:
- Industrial Grade Ethyl Lactate
- Food Grade Ethyl Lactate
- Pharmaceutical Grade Ethyl Lactate
- Electronic Grade Ethyl Lactate
- Food & Beverage
- Paints & Inks
- Other Applications
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Table of Contents:
Chapter2. Executive Summary
Chapter3. Market Overview
Chapter4.Ethyl Lactate Market, By Product
4.2.Ethyl Lactate Market Assessment and Forecast, By Product, 2012-2022
4.3.Food Grade Ethyl Lactate
4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4.Pharmaceutical GradeEthyl Lactate
4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.5.Industrial GradeEthyl Lactate
4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.6.Electronic GradeEthyl Lactate
4.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
Chapter5.Ethyl Lactate Market, By Application
5.2.Ethyl Lactate Market Assessment and Forecast, By Application, 2012-2022
5.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.4.Food & Beverage
5.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.6.Paints & Inks
5.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.7.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
Chapter6.Ethyl Lactate Market, By Region
…CONTINUED FOR TOC
Key findings of the Ethyl lactate market
- In 2012 the demand of the ethyl lactate market was USD 651.32 million and is anticipated to boost on account of its extensive usage in a wide range of applications.
- The demand for baked items is expanding globally which is foreseen to have a positive influence on the food grade ethyl lactate market as it is extensively utilized for improving the flavor and texture of biscuits and bread.
- The extensive usage of ethyl lactate in the industrial grade for fixtures and wood furniture, containers and closures, automotive finishes and extrusions is projected to spur the demand of the product.
- Ethyl lactate comprises of food grade and industrial grade which represents 29% and 49% of the global ethyl lactate market respectively.
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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