Global Ethyl Lactate Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

List of Tables

The global demand for Ethyl Lactate Market is presumed to reach the market size of nearly USD 9.49 Billion by 2032 from USD 4.66 Billion in 2023 with a CAGR of 8.22% under the study period 2024-2032.

Ethyl lactate is a biodegradable compound used as a chemical intermediate in producing many different end-user products. It is a highly desirable solvent used in cellulose and resins products, paints, lacquers, polymers, enamels, and varnishes. It also finds its usage as a food additive and in the formulation of several cosmetic products like moisturizers, cleansing products, skincare products, and makeup, shampoos, hair dyes, and lotions. It is a very effective graffiti remover and paint stripper. This compound is a high performing, versatile, easy, and inexpensive to recycle, non-corrosive, non-carcinogenic, and non-ozone depleting. It is exempt from many restrictions imposed under the disposal of chemicals since it is labeled as green.

MARKET DYNAMICS

Ethyl lactate serving as a suitable replacement for petroleum-based solvent because of its biodegradable and nontoxic characteristics will be the main stimulating factor for this market's growth. Fast-paced lifestyles and the increased consumption of baked goods will boost the market for ethyl lactate. The demand for this cost-effective and easy to recycle chemical for use as a cleaning agent in the rapidly expanding electronics, aviation, and other industrial sectors will be a market booster. The growing utilization of this environment-friendly chemical in pharmaceuticals will spur market growth. This market's growth can witness a roadblock due to the side effects of this chemical like skin and eye irritation on prolonged exposure.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Ethyl Lactate. The growth and trends of Ethyl Lactate industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Ethyl Lactate market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Grade

Pharma
Food
Technical
Industrial

By End-use

Food & Beverages
Electronics
Paints & Coatings
Packaging & Printing Ink
Pharmaceuticals
Cosmetics & Personal Care
Industrial Cleaning
Agrochemicals
Others

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Ethyl Lactate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Ethyl Lactate market include Godavari Biorefineries Ltd., Aurochemicals, Verte Biosolvents Inc., Merck KGaA, Corbion NV., Henan Jindan Lactic Acid Technology Co Ltd., Stepan, Musashino Chemical Laboratory Ltd., TCI Chemicals (India) Private Limited, The Archer-Daniels-Midland Company, Qingdao Abel Technology Co. Ltd., Shenzhen Esun Industrial Co Ltd., Zhengzhou Tianrun Lactic Acid Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR11213330

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. ETHYL LACTATE - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Grade
- 3.7.2 Market Attractiveness Analysis By End-use
- 3.7.3 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL ETHYL LACTATE MARKET ANALYSIS BY GRADE

5.1. Overview By Grade
5.2. Historical and Forecast Data
5.3. Analysis By Grade
5.4. Pharma Historic and Forecast Sales By Regions
5.5. Food Historic and Forecast Sales By Regions
5.6. Technical Historic and Forecast Sales By Regions
5.7. Industrial Historic and Forecast Sales By Regions

6. GLOBAL ETHYL LACTATE MARKET ANALYSIS BY END-USE

6.1. Overview By End-use
6.2. Historical and Forecast Data
6.3. Analysis By End-use
6.4. Food & Beverages Historic and Forecast Sales By Regions
6.5. Electronics Historic and Forecast Sales By Regions
6.6. Paints & Coatings Historic and Forecast Sales By Regions
6.7. Packaging & Printing Ink Historic and Forecast Sales By Regions
6.8. Pharmaceuticals Historic and Forecast Sales By Regions
6.9. Cosmetics & Personal Care Historic and Forecast Sales By Regions
6.10. Industrial Cleaning Historic and Forecast Sales By Regions
6.11. Agrochemicals Historic and Forecast Sales By Regions
6.12. Others Historic and Forecast Sales By Regions

7. GLOBAL ETHYL LACTATE MARKET ANALYSIS BY GEOGRAPHY

7.1. Regional Outlook
7.2. Introduction
7.3. North America Sales Analysis
- 7.3.1 Overview, Historic and Forecast Data Sales Analysis
- 7.3.2 North America By Segment Sales Analysis
- 7.3.3 North America By Country Sales Analysis
- 7.3.4 United States Sales Analysis
- 7.3.5 Canada Sales Analysis
- 7.3.6 Mexico Sales Analysis
7.4. Europe Sales Analysis
- 7.4.1 Overview, Historic and Forecast Data Sales Analysis
- 7.4.2 Europe By Segment Sales Analysis
- 7.4.3 Europe By Country Sales Analysis
- 7.4.4 United Kingdom Sales Analysis
- 7.4.5 France Sales Analysis
- 7.4.6 Germany Sales Analysis
- 7.4.7 Italy Sales Analysis
- 7.4.8 Russia Sales Analysis
- 7.4.9 Rest Of Europe Sales Analysis
7.5. Asia Pacific Sales Analysis
- 7.5.1 Overview, Historic and Forecast Data Sales Analysis
- 7.5.2 Asia Pacific By Segment Sales Analysis
- 7.5.3 Asia Pacific By Country Sales Analysis
- 7.5.4 China Sales Analysis
- 7.5.5 India Sales Analysis
- 7.5.6 Japan Sales Analysis
- 7.5.7 South Korea Sales Analysis
- 7.5.8 Australia Sales Analysis
- 7.5.9 South East Asia Sales Analysis
- 7.5.10 Rest Of Asia Pacific Sales Analysis
7.6. Latin America Sales Analysis
- 7.6.1 Overview, Historic and Forecast Data Sales Analysis
- 7.6.2 Latin America By Segment Sales Analysis
- 7.6.3 Latin America By Country Sales Analysis
- 7.6.4 Brazil Sales Analysis
- 7.6.5 Argentina Sales Analysis
- 7.6.6 Peru Sales Analysis
- 7.6.7 Chile Sales Analysis
- 7.6.8 Rest of Latin America Sales Analysis
7.7. Middle East & Africa Sales Analysis
- 7.7.1 Overview, Historic and Forecast Data Sales Analysis
- 7.7.2 Middle East & Africa By Segment Sales Analysis
- 7.7.3 Middle East & Africa By Country Sales Analysis
- 7.7.4 Saudi Arabia Sales Analysis
- 7.7.5 UAE Sales Analysis
- 7.7.6 Israel Sales Analysis
- 7.7.7 South Africa Sales Analysis
- 7.7.8 Rest Of Middle East And Africa Sales Analysis

8. COMPETITIVE LANDSCAPE OF THE ETHYL LACTATE COMPANIES

8.1. Ethyl Lactate Market Competition
8.2. Partnership/Collaboration/Agreement
8.3. Merger And Acquisitions
8.4. New Product Launch
8.5. Other Developments

9. COMPANY PROFILES OF ETHYL LACTATE INDUSTRY

9.1. Top Companies Market Share Analysis
9.2. Market Concentration Rate
9.3. Godavari Biorefineries Ltd.
- 9.3.1 Company Overview
- 9.3.2 Company Revenue
- 9.3.3 Products
- 9.3.4 Recent Developments
9.4. Aurochemicals
- 9.4.1 Company Overview
- 9.4.2 Company Revenue
- 9.4.3 Products
- 9.4.4 Recent Developments
9.5. Verte Biosolvents Inc.
- 9.5.1 Company Overview
- 9.5.2 Company Revenue
- 9.5.3 Products
- 9.5.4 Recent Developments
9.6. Merck KGaA
- 9.6.1 Company Overview
- 9.6.2 Company Revenue
- 9.6.3 Products
- 9.6.4 Recent Developments
9.7. Corbion NV.
- 9.7.1 Company Overview
- 9.7.2 Company Revenue
- 9.7.3 Products
- 9.7.4 Recent Developments
9.8. Henan Jindan Lactic Acid Technology Co Ltd.
- 9.8.1 Company Overview
- 9.8.2 Company Revenue
- 9.8.3 Products
- 9.8.4 Recent Developments
9.9. Stepan
- 9.9.1 Company Overview
- 9.9.2 Company Revenue
- 9.9.3 Products
- 9.9.4 Recent Developments
9.10. Musashino Chemical Laboratory Ltd.
- 9.10.1 Company Overview
- 9.10.2 Company Revenue
- 9.10.3 Products
- 9.10.4 Recent Developments
9.11. TCI Chemicals (India) Private Limited
- 9.11.1 Company Overview
- 9.11.2 Company Revenue
- 9.11.3 Products
- 9.11.4 Recent Developments
9.12. The Archer-Daniels-Midland Company
- 9.12.1 Company Overview
- 9.12.2 Company Revenue
- 9.12.3 Products
- 9.12.4 Recent Developments
9.13. Qingdao Abel Technology Co. Ltd.
- 9.13.1 Company Overview
- 9.13.2 Company Revenue
- 9.13.3 Products
- 9.13.4 Recent Developments
9.14. Shenzhen Esun Industrial Co Ltd.
- 9.14.1 Company Overview
- 9.14.2 Company Revenue
- 9.14.3 Products
- 9.14.4 Recent Developments
9.15. Zhengzhou Tianrun Lactic Acid Co. Ltd
- 9.15.1 Company Overview
- 9.15.2 Company Revenue
- 9.15.3 Products
- 9.15.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies