Home > Polymers, Specialty Chemicals & Advanced Materials > Lactic Acid Ester Market
Lactic acid ester market size is predicted to expand significantly from 2023 to 2032 owing to its wide usage across multiple sectors like cosmetics to create hair colors, moisturizers, and other skincare items.
Ethyl lactate, another name for lactic acid ethyl ester, is a monobasic ester made from ethanol and lactic acid that is frequently employed as a solvent. This substance, which is made from biodegradable materials, is found in small amounts naturally in chicken, wine, and a variety of other foods. It can be used as a water-soluble degreaser. Due to its low toxicity, ethyl lactate is increasingly used across various sectors. The industry outlook is also anticipated to be boosted by increased manufacturing of green solvents for creating effective and high-performing agrochemical formulations.
The adoption of ethyl lactate as a precision cleaning agent in painting and coating applications will complement market expansion through 2032. VertecBioTM EL Ethyl Lactate solvents can offer a 100% biodegradable option of dissolving inks, paints, and varnishes, making them effective cleanup solvents. The significant use of ethyl lactate as an emulsifier in culinary products like ice cream and cakes is predicted to significantly boost market dynamics over the coming years.
Lactic Acid Ester Market from pharmaceutical sector is anticipated to retain a sizable share through 2032. Lactic acid ester is used increasingly in many pharmaceutical products for chiral intermediate and metal sequestration, pH management, and as a naturally occurring body component. This market's expansion can also be attributed to the formulations' capacity for anti-tumor action.
Europe lactic acid ester market is predicted to become a key source of revenue for the lactic acid ester sector on a global scale. This is a result of the considerable increase in demand for cosmetics and personal care items across Europe, particularly in Germany. High R&D expenditures in the UK pharmaceutical sector will also drive product demand.
Global lactic acid ester market key players are Zhengzhou Tianrun Lactic Acid, Henan Jindan Lactic Acid, Musashino Chemical Laboratory, Yancheng Huade Biological Engineering, Godavari Biorefineries, Shenzhen Esun Industrial, Vertec Biosolvents, Corbion N., Qingdao Abel Technology, Shanghai Ruizheng Chemical Technology, Shandong Enno New Material, and Cellulac Plc.
Some of the key initiatives undertaken by these companies include strategic partnerships, acquisitions, and corporate growth.
The Russia-Ukraine war is likely to have an effect on the lactic acid ester industry. The war is having a significant impact on raw material procurement as well as the supply chain cycles. The prolonged turmoil in Eastern Europe has had multiple effects on the import and export procedures of businesses.