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Attribute
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Details
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Market size Volume in 2023
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1.7 million tonnes
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Market size Volume in 2034
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5 million tonnes
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Growth Rate
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CAGR of 10.2% from 2024 to 2034
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Base year
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2023
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Estimated year
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2024
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Historical Data
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2015 – 2022
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Forecast period
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2025 – 2034
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Quantitative units
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Demand in million tonnes and CAGR from 2024 to 2034
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Foreign Trade.
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Segments covered
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By End-Use: (Polymer, Pharmaceuticals, Personal Care, Food and Beverages, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research needs. Explore purchase options
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I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
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Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker reflect the major shutdown on monthly basis which will help you in tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries with a global view of production and consumption capacity loss that reflects the corresponding conversion factors. It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on supply of the product in the market at a Global level.
Q1.
What was the net market size of Lactic acid in terms of volume in 2023?
Ans:
The global market size of Lactic acid has reached approximately 1.7 million tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Lactic acid?
Ans:
Food and Beverages industry is the leading end-user industry of Lactic acid globally.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
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