Global Lactic Acid Market - Industry Analysis Size Share Growth Trends and Forecast 2024 - 2031

Product Description

Lactic acid is used to produce implants, dialysis solution, pills, controlled drug release systems, and surgical sutures in the pharmaceutical industry. The product is also used for manufacturing cosmetics and hygiene products in the personal & oral care industry owing to its rejuvenating, antimicrobial, and moisturizing properties. Some of the latest applications of lactic acid are production of biocompatible & biodegradable PLA polymers, oxygenated chemicals, and solvents. The Lactic Acid market revenue was xx Million USD in 2019, grew to xx Million USD in 2023, and will reach xx Million USD in 2031, with a CAGR of xx during 2024-2031. Considering the influence of COVID-19 on the global Lactic Acid market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions. This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery. Under COVID-19 Outbreak, how the Lactic Acid Industry will develop is also analyzed in detail in Chapter 1.8 of this report. Major Players in Lactic Acid market are: Galactic Shanxi Biochemical Henan Jindan Lactic Acid Technology Yancheng Haijianuo Wuhan Sanjiang Space Good Biotech Tripura Bio Tech Limited Kemin Industries, Inc Cargill Naturework Musashino Chemical Corbion COFCO Biochemical (AnHui) Most important types of Lactic Acid products covered in this report are: Corn Sugarcane Cassava Other Crops Most widely used downstream fields of Lactic Acid market covered in this report are: Industrial Food & Beverages Pharmaceuticals Personal Care Polylactic Acid Others Major Regions or countries covered in this report: North America Europe China Japan Middle East and Africa South America India South Korea Southeast Asia Others In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations. In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out. In Chapters 8, the report presents company's recent development and strategies to deal with the impact of COVID-19.