"Lactic Acid Market - Global Trends & Forecasts to 2019" Published

Lactic Acid Market by Application (Biodegradable Polymer, Food & Beverage, Personal Care & Pharmaceutical) & Polylactic Acid Market by Application (Packaging, Agriculture, Automobile, Electronics, Textile) & Geography - Global Trends & Forecasts to 2019

Lactic acid-based biodegradable polymers are projected to drive the demand for lactic acid across various industrial applications. The food & beverage segment is the second-largest application for lactic acid and will continue to drive the demand in this market. In this segment, lactic acid is mainly used as an acidulant, pH adjuster, and a preservative. The growth in this segment is projected to be significant as lactic acid is widely used in foods as well as food fortifiers. The lactic acid market is estimated to witness strong demand from these markets as lactic acid will continue to be used in applications such as moisturizers, skin rejuvenating and lightening agents, and anti-acne agents (personal care industry); and dialysis solution mineral preparations, prostheses, surgical sutures, and drug delivery systems (pharmaceuticals).

Full Report Details at
- http://www.fastmr.com/prod/871691_lactic_acid_market_global_trends_forecasts_to.aspx?afid=301

Polylactic acid (PLA) is a transparent plastic made of natural resources. The manufacture of PLA includes fermentation of raw materials such as corn (maize), sugarcane, sugar beet, wheat, and rice to produce lactic acid. This is further polymerized to produce polylactic acid (PLA). The biodegradable nature and the use of bio-based raw materials make PLA an effective plastic polymer across various applications. The majority of PLA applications include packaging, which includes short-lived packaging foils used in yoghurt cups, fruit, vegetable, and meat packaging. Further applications include uses in medical science, agriculture, textiles, and so on.

The market for PLA is being driven by increased sustainability and reduced dependence on oil-based products, as there are no other commercially equivalent or better bioplastic alternatives that are currently available. Further technological advancements in the production capabilities and enhancing properties of polymers are projected to fuel the growth.

The packaging industry is estimated to be the largest market for PLA in 2014, followed by the textile segment

To maintain a competitive edge in the lactic acid and poly lactic acid markets, the key players invest heavily in the development of new products. The key players were observed to prefer new product launches as their main strategy to garner a larger share in the market. The leading companies have also entered into agreements and collaborations to market new products. The report provides a complete analysis of key companies and a chronology of developments with respect to new products and their applications. It also analyzes the market dynamics, winning imperatives, and issues faced by the prominent players.

SCOPE OF THE REPORT

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Formic Acid Market - Global Trends, Forecasts to 2019
- Eubiotics Market - Global Trends & Forecasts to 2019
- Bio-Polyamide, Specialty Polyamide & Precursors Market - Global Trends & Forecasts to 2019
- Subsea Well Access and BOP System Market - Global Trends & Forecasts to 2019
- Feed Palatability Enhancers & Modifiers Market - Global Trends & Forecasts to 2019