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Europe Lactic Acid Market By Application (Electronics, Agriculture, Packaging, Textile, Biomedical And Others) And By Region (Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027)

Published: January, 2022
ID: 7217
Pages: 145

Europe Lactic Acid Market  Size and Growth Analysis:

Europe Lactic Acid Market was worth USD 0.92 billion in 2021 and estimated to be growing at a CAGR of 16.21%, to reach USD 1.95 billion by 2027

Europe Lactic Acid Market Overview:

Lactic Acid is a white compound that is water-soluble in solid-state and colorless in a 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 yogurt and cheese. It is used as a humectant in the textile industry to enhance the moisture in fabric so that dyes can attach to them. It is used in the 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 Europe 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 the volatility of prices of raw materials like corn and sugar.

Europe Lactic Acid Market Segmentation:

The Europe Lactic Acid market is divided on the basis of application

  • electronics

  • agriculture

  • packaging

  • textile

  • biomedical

Europe Lactic Acid Market geographical Analysis

The Europe Lactic Acid market is divided based on geography into

  • United Kingdom

  • France

  • Germany

  • Italy

  • Spain

Europe has the second-largest market in the world for lactic acid in terms of share, followed by the North America region. Factors such as rising awareness about recyclability and the growing personal care industry is expected to propel the market growth in the region.

Europe Lactic Acid Market Key players:

  1. BASF SE (Germany)

  2. CSM N.V. (The Netherlands)

  3. The Dow Chemical Company (U.S.)

  4. Teijin Ltd. (Japan)

  5. 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 U.K                 

                6.3 Spain                             

                6.4 Germany                     

                6.5 Italy                               

                6.6 France                          

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                              

  1. Europe Lactic Acid Market By Application, From 2022 - 2027 ( USD Million )

  2. Europe Electronics Market By Region, From 2022 - 2027 ( USD Million )

  3. Europe Agriculture Market By Region, From 2022 - 2027 ( USD Million )

  4. Europe Packaging Market By Region, From 2022 - 2027 ( USD Million )

  5. Europe Textile Market By Region, From 2022 - 2027 ( USD Million )

  6. Europe Biomedical Market By Region, From 2022 - 2027 ( USD Million )

  7. Europe Other Applications Market By Region, From 2022 - 2027 ( USD Million )

  8. U.K. Lactic Acid Market By Application, From 2022 - 2027 ( USD Million )

  9. Germany Lactic Acid Market By Application, From 2022 - 2027 ( USD Million )

  10. France Lactic Acid Market By Application, From 2022 - 2027 ( USD Million )

  11. Italy Lactic Acid Market By Application, From 2022 - 2027 ( USD Million )

  12. Spain Lactic Acid Market By Application, From 2022 - 2027 ( USD Million )

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