The global market for Ethyl Lactate was estimated at US$ 137.21 million in the year 2023, and is projected to reach a revised size of US$ 186.93 million by 2030, growing at a CAGR of 5.25% during the forecast period 2024-2030.
The production of ethyl lactate is mainly concentrated in Europe and China. Corbion and Galactic from Europe can meet more than 50% of the world's demand of ethyl lactate. Compared with these two international giants, although the number of Chinese ethyl lactate manufacturers is large, their scale is generally smaller.
Industrial grade ethyl lactate is the most widely used product in the market. In 2023, global industrial-grade ethyl lactate sales reached 43,501 tons, accounting for 85.55% of the sales volume of the ethyl lactate market. At the same time, driven by the downstream market, the demand for electronic grade ethyl lactate will grow faster.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Ethyl Lactate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Ethyl Lactate.
The Ethyl Lactate market size, estimations, and forecasts are provided in terms of sales volume (Tons) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Ethyl Lactate market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Ethyl Lactate market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
Market Segmentation
This report covers the Ethyl Lactate segments by manufacturers, by Type, by Application, by region and country, and provides market size (value, volume and average price) and CAGR for the history and forecast period (2019-2023, 2024-2030), considering 2023 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
By Company
Corbion
Galactic
Musashino Chemical Laboratory
Vertec BioSolvents
Godavari
Yancheng Huade Biological Engineering
Yancheng Hongtai Bioengineering
Henan Kangyuan Flavor
Weishi County Flavor Factory
Dancheng County Yuanda Industry & Commerce
Shenzhen Esun Industrial
Henan Jindan
Segment by Type
Industrial Grade
Electronic Grade
Segment by Application
Food and Beverage
Pharmaceuticals and Pesticides
Paints and Coatings
Electronics Industry
Industrial Solvents
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Two: Detailed analysis of Ethyl Lactate manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Ethyl Lactate in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Table of Contents
1 Ethyl Lactate Market Overview
1.1 Ethyl Lactate Product Overview
1.2 Ethyl Lactate Market by Type
1.2.1 Industrial Grade
1.2.2 Electronic Grade
1.3 Global Ethyl Lactate Market Size by Type
1.3.1 Global Ethyl Lactate Market Size Overview by Type (2019-2030)
1.3.2 Global Ethyl Lactate Historic Market Size Review by Type (2019-2024)
1.3.3 Global Ethyl Lactate Forecasted Market Size by Type (2025-2030)
1.4 Key Regions Market Size by Type
1.4.1 North America Ethyl Lactate Sales Breakdown by Type (2019-2024)
1.4.2 Europe Ethyl Lactate Sales Breakdown by Type (2019-2024)
1.4.3 Asia-Pacific Ethyl Lactate Sales Breakdown by Type (2019-2024)
1.4.4 Latin America Ethyl Lactate Sales Breakdown by Type (2019-2024)
1.4.5 Middle East and Africa Ethyl Lactate Sales Breakdown by Type (2019-2024)
2 Ethyl Lactate Market Competition by Company
2.1 Global Top Players by Ethyl Lactate Sales (2019-2024)
2.2 Global Top Players by Ethyl Lactate Revenue (2019-2024)
2.3 Global Top Players by Ethyl Lactate Price (2019-2024)
2.4 Global Top Manufacturers Ethyl Lactate Manufacturing Base Distribution and Headquarters
2.5 Ethyl Lactate Market Competitive Situation and Trends