+1-888-308-5802     
News Contact Us

Lactic Acid Market revenue is propelled by rising demand for biobased personal care & cosmetics product formulations

Author : Rahul Sankrityayan | Published Date : 2019-03-19 

Lactic Acid Market share to observe a considerable growth over the coming seven years, propelled by its extensive application in food & beverages, personal care, industrial, cosmetic, detergent, and pharmaceuticals sectors. Moreover, growing consumer preference for bio-based contents is expected to stimulate the market trends in the near future.

Polylactic Acid (PLA) market size is anticipated to witness a lucrative roadmap over the period of 2016-2024, owing to the rising consumer trend towards sustainable, recyclable, and green packaged products. Moreover, growing application of polylactic acid in the booming bioplastics industry along with government legislations favoring the use of bio-based products will further drive PLA industry size over the coming years. Furthermore, polylactic acid also finds wide applications in electronics, packaging, textiles, agriculture, and transport sectors.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/821

As per the research study, PLA applications in the packaging sector, estimated at USD 300 million, are expected to grow noticeably over the coming seven years due to its use in jars, containers, bioplastic packaging, and food packaging. Furthermore, textile is yet another prominent application area, predicted to generate high growth opportunities for polylactic acid industry over the coming years. As per the research study, textile application is likely to grow at a rate of 19% over the timeframe, driven by the use of PLA in textile dyeing for biodegradable polymer production.

Geographically, Germany lactic acid industry is expected to generate high sales over the next few years, driven by the rise in number of manufacturing plants coupled with increasing emphasis on sustainability. Growing application of lactic acid to treat dry skin along with its use in metal formulations is expected to boost U.S. lactic acid industry growth in the pharmaceutical sector over the coming years.

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/821

China personal care industry is expected to contribute significantly towards the market share over the coming timeframe. Lactic acid application as vital ingredient in the personal care products & antimicrobial cleaning along with growing consumer awareness towards the personal care item is expected to drive the regional growth.

France PLA market will experience a considerable surge by 2024, driven by favorable legislations coupled with penetration of bio-based products in the packaging sector. Increase in production capacity, abundant feedstock, and growing customer awareness is expected to drive Japan market revenue over the next few years.

Browse Complete Report Summary @ www.gminsights.com/industry-analysis/lactic-acid-and-polylactic-acid-market

UK PLA market size in agriculture sector is expected to register significant gains at 15% over the coming seven years, owing to its ability to reduce soil compaction and improve moisture control.

Key industry players in lactic acid market include BioAmber Inc., DuPont, and Genomatica. Major market players in PLA industry include Pyramid Bioplastics, Danimer Scientific LLC, Synbra Technology BV, BASF, Futerro, Galactic, NatureWorks, and Musashino Chemical Laboratory.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

Power Rental Market: Technological Advancement & Growth Analysis with Forecast to 2025

Published Date: 2019-10-11         Author: Rahul Sankrityayan

Power Rental Market Report focuses on the major drivers and restraints for the key players. These Research Report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Power Rental Market Research Report is a professional and i... Read More

Nuclear Waste Management Market 2019 Global Industry Analysis Application, Growth, Technologies, Competitive Analysis and Forecast to 2025

Published Date: 2019-10-11         Author: Rahul Sankrityayan

Nuclear Waste Management Market report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. Global Nuclear Waste Management Market size is set to witness substantial growth during the fore... Read More

Precious Metals Market 2019 Share, Trends, Growth rate, Industry Forecast To 2025

Published Date: 2019-10-11         Author: Rahul Sankrityayan

This report studies the Precious Metals Market  status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions and splits the Global XX market by product type and applications/en... Read More

© 2019 Fractovia. All Rights Reserved