Global Lactic Acid Market to Reach 367.3 Thousand Metric Tons by 2017, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) April 04, 2012 Follow us on LinkedIn The global market for lactic acid is largely considered immune to the economic tumult in the recent past, and its resilience is displayed in the steady growth rate over the last decade. Volume growth, achieved by rise in demand from existing end-use markets and emergence of new product applications, is expected to continue driving growth into the upcoming years. Lactic acid based biodegradable polymers followed by lactate solvents are likely to drive the demand for lactic acid, esters and its salts in various industrial applications. Food and beverages industry also constitutes as a major market driving growth in the lactic acid market.. Use of lactic acid in various personal care/cosmetic and pharmaceutical products would continue to be on the rise in the matured as well as emerging nations. Over the last few years, the lactic acid industry witnessed several major technological developments, which have helped refine v...