Lactate Esters are derivatives of lactic acid. It is commonly used as a solvent or intermediate in pharmaceutical, detergent, coatings, food and fragrance production. The most common types include methyl lactate, ethyl lactate and butyl lactate, etc.
This report contains market size and forecasts of Lactate Esters in global, including the following market information:
Global Lactate Esters Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Lactate Esters Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Lactate Esters companies in 2021 (%)
The global Lactate Esters market was valued at 96 million in 2021 and is projected to reach US$ 111.4 million by 2028, at a CAGR of 2.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Methyl Lactate Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Lactate Esters include Corbion, Galactic, Musashino Chemical Laboratory, Vertec BioSolvents, Godavari Biorefineries, Yancheng Hongtai Bioengineering, Huade Biological Engineering, Yibang Industry and Commerce and Haijianuo Bioengineer, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Lactate Esters manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Lactate Esters Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Lactate Esters Market Segment Percentages, by Type, 2021 (%)
Methyl Lactate
Ethyl Lactate
Butyl Lactate
Others
Global Lactate Esters Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Lactate Esters Market Segment Percentages, by Application, 2021 (%)
Electronics
Paints and Inks
Agrochemicals
Pharmaceuticals
Food and Beverage
Others
Global Lactate Esters Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Lactate Esters Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Lactate Esters revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Lactate Esters revenues share in global market, 2021 (%)
Key companies Lactate Esters sales in global market, 2017-2022 (Estimated), (MT)
Key companies Lactate Esters sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Corbion
Galactic
Musashino Chemical Laboratory
Vertec BioSolvents
Godavari Biorefineries
Yancheng Hongtai Bioengineering
Huade Biological Engineering
Yibang Industry and Commerce
Haijianuo Bioengineer
Jindan Lactic Acid
Pianguan Shenxia
Shenzhen Esun Industrial
Baisheng Biotechnology
Tianrun Lactic Acid