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Global Lactic Acid (Biodegradable Polymer, Food & Beverage, Personal Care & Pharmaceutical) Market - Trends & Forecasts to 2019

DUBLIN, Aug. 27, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Lactic Acid (Biodegradable Polymer, Food & Beverage, Personal Care & Pharmaceutical) Market - Trends & Forecasts to 2019" report to their offering.

http://photos.prnewswire.com/prnh/20130307/600769

Lactic acid is the simplest hydroxyl-carboxylic acid with an asymmetrical carbon atom. The main applications of lactic acid lie in the biodegradable polymer, food and beverage, personal care product, and pharmaceutical industries.

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).

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.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Premium Insights

4 Industry Analysis

5 Market Overview

6 Market Analysis

7 Lactic Acid Market, By Application

8 Lactic Acid Market, By Geography

9 Polylactic Acid Market, By Application

10 Polylactic Acid Market, By Geography

11 Competitive Landscape

12 Company Profiles

Companies Mentioned:

  • Basf Se
  • Corbion Purac
  • Danimer Scientific Llc
  • Galactic S.A.
  • Henan Jindan Lactic Acid Technology Co., Ltd
  • Natureworks Llc
  • Synbra Technology B.V.
  • Teijin Ltd
  • The Dow Chemical Company
  • Wei Mon Industry Co., Ltd.

For more information visit http://www.researchandmarkets.com/research/d5p4q5/lactic_acid

Media Contact: Laura Wood, +353-1-481-1716, [email protected]

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