Middle East And Africa Lactic Acid Market By Application (Electronics, Agriculture, Packaging, Textile, Biomedical And Others) And By Region (Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2024 to 2029)

Updated On: January, 2024
ID: 7224
Pages: 145

Middle East and Africa Lactic Acid Market Value and Growth

Middle East and Africa Lactic Acid Market was worth USD 0.28 billion in 2022 and is estimated to be growing at a CAGR of 16.41%, to reach USD 0.6 billion by 2027 

Middle East and Africa Lactic Acid Market Overview

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 Middle East and Africa 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.

Middle East and Africa Lactic Acid Market Segmentation

The Middle East and Africa Lactic Acid market is divided on the 

basis of application 

  • electronics

  • agriculture

  • packaging

  • textile

  • biomedical 

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, Middle East and Africa and Western parts of Africa.

Middle East and Africa Lactic Acid Market Regional Analysis

  • UAE

  • Israel

  • KSA

  • South Africa

  • Egypt

The market in this region is divided based on geography broadly into Middle East and Africa regions. The market in this region is in nascent stages. Factors such as rising awareness about recyclability and growing personal care industry is expected to propel the market growth in the region.

Middle East and Africa Lactic Acid Market Keyplayers

  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)

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