Lactic Acid Esters Market SWOT Analysis by 2031
Lactic acid esters are obtained from esterification of lactic acid. It is kind of a green solvent, which can be manufactured both naturally and synthetically. Rise in inclination towards green solvents for diversified application segments is expected to promote the demand for lactic acid ester. Rising demand of lactic acid esters in various end-use industries is expected to stipulate the demand of lactic acid esters.
MARKET DYNAMICS
The lactic acid esters market has witnessed a significant growth owing to factors such as growth of end use industry. Moreover, rising adoption of green solvents provides a huge market opportunity for the key players operating in the lactic acid esters market. However, high cost associated with raw material may restrain the overall growth of the lactic acid esters market.
MARKET SCOPE
The "Global Lactic Acid Esters Market Analysis to 2031" is a specialized and in-depth study of the Chemical and Material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lactic acid esters market with detailed market segmentation by type and application and geography. The global lactic acid esters market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Lactic Acid Esters market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global lactic acid esters market is segmented on the basis of type and application. On the basis of type, the lactic acid esters market is segmented into ethyl lactate, methyl lactate, butyl lactate and others. Based on application, the global Lactic Acid Esters market is divided electronics, food and beverages, paints and inks, agrochemicals and pharmaceuticals.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Lactic Acid Esters market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Lactic Acid Esters market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Lactic Acid Esters market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Lactic Acid Esters market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Lactic Acid Esters market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Lactic Acid Esters market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Lactic Acid Esters market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Lactic Acid Esters market in these regions.
MARKET PLAYERS
The reports cover key developments in the Lactic Acid Esters market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Lactic Acid Esters market are anticipated to lucrative growth opportunities in the future with the rising demand for Lactic Acid Esters in the global market. Below mentioned is the list of few companies engaged in the Lactic Acid Esters market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Lactic Acid Esters market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Air Liquide
- Air Products and Chemicals Inc.
- China Silicon Corporation
- Dow Silicones Corporation
- Evonik Industries AG
- GCL-Poly
- GRINM Electro-Optic Materials Co., Ltd
- The Linde Group
- Tianjin Maotong Fine Chemical Technology Co., Ltd
- Wacker Chemie AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Lactic Acid Esters Market - By Type
1.3.2 Lactic Acid Esters Market - By Application
1.3.3 Lactic Acid Esters Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LACTIC ACID ESTERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. LACTIC ACID ESTERS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LACTIC ACID ESTERS MARKET - GLOBAL MARKET ANALYSIS
6.1. LACTIC ACID ESTERS - GLOBAL MARKET OVERVIEW
6.2. LACTIC ACID ESTERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LACTIC ACID ESTERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ETHYL LACTATE
7.3.1. Overview
7.3.2. Ethyl Lactate Market Forecast and Analysis
7.4. METHYL LACTATE
7.4.1. Overview
7.4.2. Methyl Lactate Market Forecast and Analysis
7.5. BUTYL LACTATE
7.5.1. Overview
7.5.2. Butyl Lactate Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. LACTIC ACID ESTERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ELECTRONICS
8.3.1. Overview
8.3.2. Electronics Market Forecast and Analysis
8.4. FOOD AND BEVERAGES
8.4.1. Overview
8.4.2. Food and Beverages Market Forecast and Analysis
8.5. PAINTS AND INKS
8.5.1. Overview
8.5.2. Paints and Inks Market Forecast and Analysis
8.6. AGROCHEMICALS
8.6.1. Overview
8.6.2. Agrochemicals Market Forecast and Analysis
8.7. PHARMACEUTICALS
8.7.1. Overview
8.7.2. Pharmaceuticals Market Forecast and Analysis
9. LACTIC ACID ESTERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Lactic Acid Esters Market Overview
9.1.2 North America Lactic Acid Esters Market Forecasts and Analysis
9.1.3 North America Lactic Acid Esters Market Forecasts and Analysis - By Type
9.1.4 North America Lactic Acid Esters Market Forecasts and Analysis - By Application
9.1.5 North America Lactic Acid Esters Market Forecasts and Analysis - By Countries
9.1.5.1 United States Lactic Acid Esters Market
9.1.5.1.1 United States Lactic Acid Esters Market by Type
9.1.5.1.2 United States Lactic Acid Esters Market by Application
9.1.5.2 Canada Lactic Acid Esters Market
9.1.5.2.1 Canada Lactic Acid Esters Market by Type
9.1.5.2.2 Canada Lactic Acid Esters Market by Application
9.1.5.3 Mexico Lactic Acid Esters Market
9.1.5.3.1 Mexico Lactic Acid Esters Market by Type
9.1.5.3.2 Mexico Lactic Acid Esters Market by Application
9.2. EUROPE
9.2.1 Europe Lactic Acid Esters Market Overview
9.2.2 Europe Lactic Acid Esters Market Forecasts and Analysis
9.2.3 Europe Lactic Acid Esters Market Forecasts and Analysis - By Type
9.2.4 Europe Lactic Acid Esters Market Forecasts and Analysis - By Application
9.2.5 Europe Lactic Acid Esters Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Lactic Acid Esters Market
9.2.5.1.1 Germany Lactic Acid Esters Market by Type
9.2.5.1.2 Germany Lactic Acid Esters Market by Application
9.2.5.2 France Lactic Acid Esters Market
9.2.5.2.1 France Lactic Acid Esters Market by Type
9.2.5.2.2 France Lactic Acid Esters Market by Application
9.2.5.3 Italy Lactic Acid Esters Market
9.2.5.3.1 Italy Lactic Acid Esters Market by Type
9.2.5.3.2 Italy Lactic Acid Esters Market by Application
9.2.5.4 United Kingdom Lactic Acid Esters Market
9.2.5.4.1 United Kingdom Lactic Acid Esters Market by Type
9.2.5.4.2 United Kingdom Lactic Acid Esters Market by Application
9.2.5.5 Russia Lactic Acid Esters Market
9.2.5.5.1 Russia Lactic Acid Esters Market by Type
9.2.5.5.2 Russia Lactic Acid Esters Market by Application
9.2.5.6 Rest of Europe Lactic Acid Esters Market
9.2.5.6.1 Rest of Europe Lactic Acid Esters Market by Type
9.2.5.6.2 Rest of Europe Lactic Acid Esters Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Lactic Acid Esters Market Overview
9.3.2 Asia-Pacific Lactic Acid Esters Market Forecasts and Analysis
9.3.3 Asia-Pacific Lactic Acid Esters Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Lactic Acid Esters Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Lactic Acid Esters Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Lactic Acid Esters Market
9.3.5.1.1 Australia Lactic Acid Esters Market by Type
9.3.5.1.2 Australia Lactic Acid Esters Market by Application
9.3.5.2 China Lactic Acid Esters Market
9.3.5.2.1 China Lactic Acid Esters Market by Type
9.3.5.2.2 China Lactic Acid Esters Market by Application
9.3.5.3 India Lactic Acid Esters Market
9.3.5.3.1 India Lactic Acid Esters Market by Type
9.3.5.3.2 India Lactic Acid Esters Market by Application
9.3.5.4 Japan Lactic Acid Esters Market
9.3.5.4.1 Japan Lactic Acid Esters Market by Type
9.3.5.4.2 Japan Lactic Acid Esters Market by Application
9.3.5.5 South Korea Lactic Acid Esters Market
9.3.5.5.1 South Korea Lactic Acid Esters Market by Type
9.3.5.5.2 South Korea Lactic Acid Esters Market by Application
9.3.5.6 Rest of Asia-Pacific Lactic Acid Esters Market
9.3.5.6.1 Rest of Asia-Pacific Lactic Acid Esters Market by Type
9.3.5.6.2 Rest of Asia-Pacific Lactic Acid Esters Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Lactic Acid Esters Market Overview
9.4.2 Middle East and Africa Lactic Acid Esters Market Forecasts and Analysis
9.4.3 Middle East and Africa Lactic Acid Esters Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Lactic Acid Esters Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Lactic Acid Esters Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Lactic Acid Esters Market
9.4.5.1.1 South Africa Lactic Acid Esters Market by Type
9.4.5.1.2 South Africa Lactic Acid Esters Market by Application
9.4.5.2 Saudi Arabia Lactic Acid Esters Market
9.4.5.2.1 Saudi Arabia Lactic Acid Esters Market by Type
9.4.5.2.2 Saudi Arabia Lactic Acid Esters Market by Application
9.4.5.3 U.A.E Lactic Acid Esters Market
9.4.5.3.1 U.A.E Lactic Acid Esters Market by Type
9.4.5.3.2 U.A.E Lactic Acid Esters Market by Application
9.4.5.4 Rest of Middle East and Africa Lactic Acid Esters Market
9.4.5.4.1 Rest of Middle East and Africa Lactic Acid Esters Market by Type
9.4.5.4.2 Rest of Middle East and Africa Lactic Acid Esters Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Lactic Acid Esters Market Overview
9.5.2 South and Central America Lactic Acid Esters Market Forecasts and Analysis
9.5.3 South and Central America Lactic Acid Esters Market Forecasts and Analysis - By Type
9.5.4 South and Central America Lactic Acid Esters Market Forecasts and Analysis - By Application
9.5.5 South and Central America Lactic Acid Esters Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Lactic Acid Esters Market
9.5.5.1.1 Brazil Lactic Acid Esters Market by Type
9.5.5.1.2 Brazil Lactic Acid Esters Market by Application
9.5.5.2 Argentina Lactic Acid Esters Market
9.5.5.2.1 Argentina Lactic Acid Esters Market by Type
9.5.5.2.2 Argentina Lactic Acid Esters Market by Application
9.5.5.3 Rest of South and Central America Lactic Acid Esters Market
9.5.5.3.1 Rest of South and Central America Lactic Acid Esters Market by Type
9.5.5.3.2 Rest of South and Central America Lactic Acid Esters Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LACTIC ACID ESTERS MARKET, KEY COMPANY PROFILES
11.1. CELLULAC PLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CORBION N. V.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HENAN JINDAN LACTIC ACID TECHNOLOGY CO.LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MERCK KGAA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. QINGDAO ABEL TECHNOLOGY CO.LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SHANDONG ENNO NEW MATERIAL CO., LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHANGHAI RUIZHENG CHEMICAL TECHNOLOGY CO LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHENZHEN ESUN INDUSTRIAL CO
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. STEPHAN COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ZHENGZHOU TIANRUN LACTIC ACID CO., LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Cellulac Plc
2. Corbion N. V.
3. Henan Jindan Lactic Acid Technology Co.Ltd
4. Merck KGaA
5. Qingdao Abel Technology Co.Ltd
6. Shandong Enno New Material Co., Ltd
7. Shanghai Ruizheng Chemical Technology Co Ltd
8. Shenzhen Esun Industrial Co
9. Stephan Company
10. Zhengzhou Tianrun Lactic Acid Co., Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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