QYResearch estimates Global Lactate Esters Market Will Reach to 93.19 Million USD by 2022
Analyst: Cao Liuying
Company: QYResearch
Lactate esters are derivatives of lactic acid. The most widely used types in the market include Ethyl Lactate, Methyl Lactate, Butyl Lactate and so on. Lactate esters mainly act as green solvent and are used in many fields, such as electronics, paints &coating, agrochemicals and so on.
According to < Global Lactate Esters Market Research Report 2017> published by QYResearch, global production of lactate esters was about 32300 MT in 2016, among those products, Ethyl Lactate contributed about 75% market share. Also, the price of Ethyl Lactate is lowest, which is about 2000 USD/MT presently.
The key manufacturers engaged in the industry include
Corbion
Galactic
Musashino Chemical Laboratory
Vertec BioSolvents
Godavari Biorefineries
Yancheng Hongtai Bioengineering
Huade Biological Engineering
Yibang Industry & Commerce
Haijianuo Bioengineer
Jindan Lactic Acid
Pianguan Shenxia
Shenzhen Esun Industrial
Baisheng Biotechnology
Tianrun Lactic Acid
Global demand mainly concentrated in China, North America as well as Europe. China consumed about 28% of Lactate Esters in 2016 and share is expanding.
QYResearch predicts that, backed with rigid demand from downstream industries, global lactate esters market will gradually increase and reach to 93.19 million USD by 2022
This article was first released by QYResearch analyst, if reproduced, please indicate the source.
Marketing: sales@qyresearch.com
Analyst: caoliuying@qyresearch.com
Media Contact: press@qyresearch.com
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