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Global Lactate Esters Sales Market by Type (Methyl Lactate, Ethyl Lactate, Butyl Lactate, Others), By Application (Electronics, Paints & Inks, Agrochemicals, Pharmaceuticals, Food & Beverage, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CM-62006
  • Author: Up Market Research
  • Rating: 4.6
  • Total Reviews: 87
  • No. Of Pages: 200
  • Format:
  • Pub. Date: 2021-04-04
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The Global Lactate Esters Market size is projected to cross USD 2.5 billion by 2028, at a CAGR of 6.3% during the forecast period from 2021 to 2028. The major drivers for the growth are increasing demand from various applications such as paints & inks, agrochemicals, and pharmaceuticals which in turn are propelling demand for different types of lactate esters across regions. Along with this, increased demand from emerging economies such as Asia Pacific along with growing investments in R&D activities is also contributing towards its market share expansion over the coming years.

 

Lactate Esters are a type of organic compound that is made with acid and lactate. Lactates are derived from the lactic acid found in milk or other sources, such as fruit juice.

 

On the basis of Types, the market is segmented into Methyl Lactate, Ethyl Lactate, Butyl Lactates, and Others.

 

Methyl Lactate:

Methyl Lactate can be defined as a chemical compound that is an organic ester of lactic acid and methanol. Methyl Lactate (ML) is a colorless liquid with a slightly sweet odor. Methyl Lactate finds many applications, the most notable being in paints and coatings. In these markets, ML is used as a solvent for nitrocellulose (or cellulose) based products such as lacquers, enamels, and varnishes.

 

Ethyl Lactate:

Ethyl Lactate is one of the most important esters used in industry. The chemical properties of Ethyl Lactate make it a useful solvent and an excellent coupling agent for adhesives, pharmaceuticals, agrochemicals as well as various other chemicals. It can be derived from natural fermentation or by splitting off ethanol from lactic acid via the hydrolysis process.

 

Butyl Lactates:

Butyl Lactate is an organic compound that has the chemical formula CH₃COOC(CH₃)H. It is a colorless liquid with a fruity odor and taste, used in perfumes or fruit flavors. Butyl Lactates are derived from petrochemicals such as butanol.

 

On the basis of Applications, the market is segmented into Electronics (Photovoltaic Devices and LEDs), Paints & Ink, Agrochemicals, Pharmaceuticals (Painkillers), Food & Beverages, and others.

 

Electronics:

Methyl Lactate is one of the most commonly used esters in electronics and has a wide range of applications in this domain. Methyl lactate finds application as an electronic solvent, which enables protection against corrosion by preventing oxidation reactions with metals present on the surface of electrical components such as copper wires.

This also gives it potential use in production processes such as electroplating that require coatings to improve conductivity between metal surfaces during processing. Furthermore, methyl lactate functions well for removing heat generated by electric equipment and preserving coolant temperatures at optimum levels thereby reducing energy consumption.

 

Paints & Inks:

Lactate esters are used in paints and inks. Lactates can make the paint more fluid for easier application to surfaces such as walls. It is also an important ingredient of the ink manufacturing process because it helps keep the pigments suspended so they don't settle on top of each other while printing the printed image onto the paper surface.

 

Agrochemicals:

Lactate Esters has a wide range of applications in Agrochemicals, which includes herbicides and pesticides. They are used as solvents for the preparation of agrochemical formulations that help to improve dissolution rate and increase efficacy due to their ability to dissolve or emulsify compounds without transforming them chemically.

Lactate Esters is also utilized as an adjuvant in insecticide formulation; it can be added with other chemicals such as paraffin oil (a long-chain hydrocarbon) or xylene (an aromatic hydrocarbon). The main advantage of using lactates esters over solvents such as mineral oils is its low toxicity level.

 

Food & Beverage:

Lactate esters are used in food and beverages as a flavor enhancer, emulsifier, stabilizer, and humectant. In terms of beverage production lactates are present in many drinks, such as fizzy sodas or beers where they provide that characteristic tangy taste.

Likewise, it is also widely used in cheese making both to preserve the freshness of the milk fat but also for its contribution to the creamy texture which distinguishes different kinds of cheeses from each other. Finally, lactates can be added to bakery items like bread & cakes when combined with fats like butter or vegetable oil this allows them to hold moisture longer while retaining their smooth tenderness.

 

On the basis of Region, the market is segmented into North America, Europe (countries like UK and Germany), Asia Pacific (countries such as China & Japan), and Middle East & Africa.

The North American market is expected to dominate the global market, owing to the large presence of players in the region. The Asia-Pacific has immense potential for the lactate esters market because there is a high demand for various applications such as paints & inks and agrochemicals from this region.

 

Growth Factors For The Global Lactate Esters Market:

The growth in this market can be attributed to factors such as increased demand for these products from different end-user industries and the increasing use of plant materials in these applications. For instance, pharmaceuticals are one of the major drivers that have led to the increase in demand for lactates because they act as an intermediate product required by various drug manufacturers during conversion processes from organic chemicals into active ingredients. Moreover, growing awareness about bio-based chemical production among consumers across regions also contributes significantly towards the expansion of this market.

 


Up Market Research published a new report titled “Lactate Esters Sales Market research report which is segmented by Types (Methyl Lactate, Ethyl Lactate, Butyl Lactate, Others), By Applications (Electronics, Paints & Inks, Agrochemicals, Pharmaceuticals, Food & Beverage, Others), By Players/Companies 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”. 

 

Report Scope

Report Attributes Report Details
Report Title Lactate Esters Sales Market Research Report
By Type Methyl Lactate, Ethyl Lactate, Butyl Lactate, Others
By Application Electronics, Paints & Inks, Agrochemicals, Pharmaceuticals, Food & Beverage, Others
By Companies 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
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 200
Number of Tables & Figures 140
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Lactate Esters Sales Industry Outlook
 

Global Lactate Esters Sales Market Report Segments:

The market is segmented by Type Methyl Lactate, Ethyl Lactate, Butyl Lactate, Others and By Application Electronics, Paints & Inks, Agrochemicals, Pharmaceuticals, Food & Beverage, Others.

 

Some of the companies that are profiled in this report are:

  1. Corbion
  2. Galactic
  3. Musashino Chemical Laboratory
  4. Vertec BioSolvents
  5. Godavari Biorefineries
  6. Yancheng Hongtai Bioengineering
  7. Huade Biological Engineering
  8. Yibang Industry & Commerce
  9. Haijianuo Bioengineer
  10. Jindan Lactic Acid
  11. Pianguan Shenxia
  12. Shenzhen Esun Industrial
  13. Baisheng Biotechnology
  14. Tianrun Lactic Acid
 

Lactate Esters Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Lactate Esters Sales Market
 

Overview of the regional outlook of the Lactate Esters Sales Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Lactate Esters Sales Market Overview
 

Highlights of The Lactate Esters Sales Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Lactate Esters Sales Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Methyl Lactate

                2. Ethyl Lactate

                3. Butyl Lactate

                4. Others

       7. By Application:

                1. Electronics

                2. Paints & Inks

                3. Agrochemicals

                4. Pharmaceuticals

                5. Food & Beverage

                6. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Lactate Esters Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

 

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Lactate Esters Sales Market Statistics
 

Reasons to Purchase the Lactate Esters Sales Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lactate Esters Sales Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Lactate Esters Sales Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Lactate Esters Sales Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Lactate Esters Sales Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Lactate Esters Sales Market Size & Forecast, 2018-2028 
      4.5.1 Lactate Esters Sales Market Size and Y-o-Y Growth 
      4.5.2 Lactate Esters Sales Market Absolute $ Opportunity 


Chapter 5 Global Lactate Esters Sales Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Lactate Esters Sales Market Size Forecast by Type
      5.2.1 Methyl Lactate
      5.2.2 Ethyl Lactate
      5.2.3 Butyl Lactate
      5.2.4 Others
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Lactate Esters Sales Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Lactate Esters Sales Market Size Forecast by Applications
      6.2.1 Electronics
      6.2.2 Paints & Inks
      6.2.3 Agrochemicals
      6.2.4 Pharmaceuticals
      6.2.5 Food & Beverage
      6.2.6 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Lactate Esters Sales Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Lactate Esters Sales Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Lactate Esters Sales Analysis and Forecast
   9.1 Introduction
   9.2 North America Lactate Esters Sales Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Lactate Esters Sales Market Size Forecast by Type
      9.6.1 Methyl Lactate
      9.6.2 Ethyl Lactate
      9.6.3 Butyl Lactate
      9.6.4 Others
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Lactate Esters Sales Market Size Forecast by Applications
      9.10.1 Electronics
      9.10.2 Paints & Inks
      9.10.3 Agrochemicals
      9.10.4 Pharmaceuticals
      9.10.5 Food & Beverage
      9.10.6 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Lactate Esters Sales Analysis and Forecast
   10.1 Introduction
   10.2 Europe Lactate Esters Sales Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Lactate Esters Sales Market Size Forecast by Type
      10.6.1 Methyl Lactate
      10.6.2 Ethyl Lactate
      10.6.3 Butyl Lactate
      10.6.4 Others
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Lactate Esters Sales Market Size Forecast by Applications
      10.10.1 Electronics
      10.10.2 Paints & Inks
      10.10.3 Agrochemicals
      10.10.4 Pharmaceuticals
      10.10.5 Food & Beverage
      10.10.6 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Lactate Esters Sales Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Lactate Esters Sales Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Lactate Esters Sales Market Size Forecast by Type
      11.6.1 Methyl Lactate
      11.6.2 Ethyl Lactate
      11.6.3 Butyl Lactate
      11.6.4 Others
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Lactate Esters Sales Market Size Forecast by Applications
      11.10.1 Electronics
      11.10.2 Paints & Inks
      11.10.3 Agrochemicals
      11.10.4 Pharmaceuticals
      11.10.5 Food & Beverage
      11.10.6 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Lactate Esters Sales Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Lactate Esters Sales Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Lactate Esters Sales Market Size Forecast by Type
      12.6.1 Methyl Lactate
      12.6.2 Ethyl Lactate
      12.6.3 Butyl Lactate
      12.6.4 Others
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Lactate Esters Sales Market Size Forecast by Applications
      12.10.1 Electronics
      12.10.2 Paints & Inks
      12.10.3 Agrochemicals
      12.10.4 Pharmaceuticals
      12.10.5 Food & Beverage
      12.10.6 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Lactate Esters Sales Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Lactate Esters Sales Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Lactate Esters Sales Market Size Forecast by Type
      13.6.1 Methyl Lactate
      13.6.2 Ethyl Lactate
      13.6.3 Butyl Lactate
      13.6.4 Others
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Lactate Esters Sales Market Size Forecast by Applications
      13.10.1 Electronics
      13.10.2 Paints & Inks
      13.10.3 Agrochemicals
      13.10.4 Pharmaceuticals
      13.10.5 Food & Beverage
      13.10.6 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Lactate Esters Sales Market: Competitive Dashboard
   14.2 Global Lactate Esters Sales Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Corbion
      14.3.2 Galactic
      14.3.3 Musashino Chemical Laboratory
      14.3.4 Vertec BioSolvents
      14.3.5 Godavari Biorefineries
      14.3.6 Yancheng Hongtai Bioengineering
      14.3.7 Huade Biological Engineering
      14.3.8 Yibang Industry & Commerce
      14.3.9 Haijianuo Bioengineer
      14.3.10 Jindan Lactic Acid
      14.3.11 Pianguan Shenxia
      14.3.12 Shenzhen Esun Industrial
      14.3.13 Baisheng Biotechnology
      14.3.14 Tianrun Lactic Acid
Segments Covered in the Report
The global Lactate Esters Sales market has been segmented based on

By Types
  • Methyl Lactate
  • Ethyl Lactate
  • Butyl Lactate
  • Others
By Applications
  • Electronics
  • Paints & Inks
  • Agrochemicals
  • Pharmaceuticals
  • Food & Beverage
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • 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

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