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Pulished Date April, 2021
ID: 7218
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Asia Pacific Lactic Acid Market By Application (Electronics, Agriculture, Packaging, Textile, Biomedical And Others) And By Region (Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2021-2026)

Pulished: April, 2021
ID: 7218
Pages: 145

Asia Pacific Lactic Acid Market was worth USD 1.46 billion in 2021 and estimated to be growing at a CAGR of 18.12%, to reach USD 1.99 billion by 2026. Lactic Acid is a white compound which is water soluble in solid state and colourless in liquid state. In the industry, lactic acid is produced by fermentation by lactic acid bacteria which converts carbohydrates like glucose, galactose and sucrose into lactic acid.

Lactic Acid has a wide range of applications. It is used in the dairy industry to make yoghurt and cheese. It is used as a humectant in textile industry to enhance the moisture in fabric so that dyes can attach to them. It is used in leather tanning process. It is used in preparing lacquers and inks. In the pharmaceutical industry, it is used as a starting substance to prepare other substances. It’s variants are approved as food additives in various countries. It is widely used in preparing foods of various kinds.

The Asia Pacific Lactic Acid market is driven by factors such as rising use of shampoos, creams and body care products, growing pharmaceutical industry, growing petrochemical products, rising awareness among people regarding recyclability and sustainability and increasing number of bioplastic applications among others. However, the chief constraint which is faced by this market are high price of PLA over other conventional polymers and volatility of prices of raw materials like corn and sugar.

The Asia Pacific Lactic Acid market is divided on the basis of application into electronics, agriculture, packaging, textile, biomedical and others. In the marine sector, lactic acid is used as a descaling agent which is resulting in increasing use expected to drive the market in regions like Australia, UK and UAE. Personal care segment is expected to grow at a significant rate in regions like Middle East, Latin America and Western parts of Africa.

The Asia Pacific Lactic Acid market is divided based on geography into India, China, Australia and other parts of region. Asia Pacific is the fastest growing region in the world and is the third largest market after North America and Europe regions. Factors such as rising awareness about recyclability and growing personal care industry is expected to propel the market growth in the region.

Some of the major players in the market include BASF SE (Germany), CSM N.V. (The Netherlands), The Dow Chemical Company (U.S.), Teijin Ltd. (Japan), and NatureWorks LLC (U.S)


                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Application                 

                                5.1.1 Electronics               

                                5.1.2 Agriculture              

                                5.1.3 Packaging

                                5.1.4 Textile       

                                5.1.5 Biomedical              

                                5.1.6 Other Applications               

                                5.1.7  Y-o-Y Growth Analysis, By Application        

                                5.1.8  Market Attractiveness Analysis, By Application      

                                5.1.9 Market Share Analysis, By Application        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Application

                                6.1.4  Market Attractiveness Analysis     

                                       By Application

                                6.1.5  Market Share Analysis      

                                       By Application

                6.2 China                             

                6.3 India                              

                6.4 Japan                            

                6.5 South Korea                               

                6.6 Australia                      

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 BASF SE                        

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 CSM N.V.                     

                8.3 The Dow Chemical Company                              

                8.4 Teijin Ltd.                    

                8.5 NatureWorks LLC                     

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          


                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia-Pacific Lactic Acid Market By Application, From 2021-2026 ( USD Million )
  2. Asia-Pacific Electronics Market By Region, From 2021-2026 ( USD Million )
  3. Asia-Pacific Agriculture Market By Region, From 2021-2026 ( USD Million )
  4. Asia-Pacific Packaging Market By Region, From 2021-2026 ( USD Million )
  5. Asia-Pacific Textile Market By Region, From 2021-2026 ( USD Million )
  6. Asia-Pacific Biomedical Market By Region, From 2021-2026 ( USD Million )
  7. Asia-Pacific Other Applications Market By Region, From 2021-2026 ( USD Million )
  8. Japan Lactic Acid Market By Application, From 2021-2026 ( USD Million )
  9. China Lactic Acid Market By Application, From 2021-2026 ( USD Million )
  10. India Lactic Acid Market By Application, From 2021-2026 ( USD Million )
  11. Australia Lactic Acid Market By Application, From 2021-2026 ( USD Million )
  12. South Korea Lactic Acid Market By Application, From 2021-2026 ( USD Million )

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