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Lactate Esters are derivatives of lactic acid. It is commonly used as a solvent or intermediate in pharmaceutical, detergent, coatings, food and fragrance production. The most common types include methyl lactate, ethyl lactate and butyl lactate, etc.
Lactate esters industry is dispersive relatively. Currently, there are several producing companies in the world lactate esters industry. The main market players are Corbion, Galactic, Musashino Chemical Laboratory, Vertec BioSolvents, Godavari Biorefineries, Yancheng Hongtai Bioengineering and Huade Biological Engineering, etc. The production of lactate esters will increase to 34087 MT in 2017 from 26417 MT in 2012 with CAGR of 5.23%. Global lactate esters capacity utilization rate remained at around 63.03% in 2016.
Lactate esters have several types, the common types include methyl lactate, ethyl lactate and butyl lactate, etc. And each type has its own applications respectively. With solvent and intermediate application of lactate esters, the downstream industries will need more lactate esters products. So, lactate esters have a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high purity and good performance lactate esters through improving technology.
The major raw materials for lactate esters are lactic acid, ethanol / methanol / butanol, and other auxiliary chemicals. Fluctuations in the price of the upstream product will impact on the production cost of lactate esters. The production cost of lactate esters is also an important factor which could impact the price of lactate esters.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents decreasing trend according to the economy development status and international competition. Also, there is decreasing trend in gross margin.
Over the next five years, LPILP Information projects that Lactate Esters will register a 2.4% CAGR in terms of revenue, reach US$ 110 million by 2023, from US$ 92 million in 2017.
This report studies the global market, especially in North America, Europe, AsiaPacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
Musashino Chemical Laboratory
Yancheng Hongtai Bioengineering
Huade Biological Engineering
Yibang Industry Commerce
Jindan Lactic Acid
Shenzhen Esun Industrial
Tianrun Lactic Acid
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 forecast, like
North America United States, Canada and Mexico
AsiaPacific China, Japan, Southeast Asia, India and Korea
Europe Germany, UK, France, Italy and Russia etc.
South America Brazil, Chile, Peru and Argentina
Middle East and Africa Egypt, South Africa, Saudi Arabia
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
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