The global Ethyl Lactate market was valued at 86.08 Million USD in 2021 and will grow with a CAGR of 3.18% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Ethyl lactate, also known as lactic acid ethyl ester, is a monobasic ester formed from lactic acid and ethanol, commonly used as a solvent. This compound is considered biodegradableBecause of gradual economy recovery, downstream application of ethyl lactate is broadening such as food industry, Pharmaceutical industry, electronics industry, paint industry. In 2017, 46.13% ethyl lactate was used in Industrial Application industry and 30.13% was used in Food & Beverage.

By Market Verdors:

Corbion

Galactic

Godavari Biorefineries

Musashino Chemical Laboratory

Vertec BioSolvents

Yancheng Hongtai Bioengineering

Huade Biological Engineering

Henan Kangyuan

Shenzhen Esun Industrial

Haijianuo Bioengineer

Jindan Lactic Acid

By Types:

Food Grade

Pharmaceutical Grade

Industrial Grade

Electronic Grade

By Applications:

Food & Beverage

Industrial Application

Pharmaceutical

Microelectronics

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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Assess the production processes, major issues, and solutions to mitigate the development risk.

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Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

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