LACTIC ACID Market Industrial Trends, Key Manufacturers, Regional Analysis, Growth Potential and Opportunities
One of the primary factors driving the growth of the lactic acid market is the rising demand in food applications around the world. The popularity of well-known organic acids with a wide range of industrial applications and increased use of the acid in the creation of PLA, a biodegradable polymer and compostable thermoplastic, are driving market expansion. The market is influenced by its widespread use in the food, chemical, pharmaceutical, and cosmetics industries and technological improvements that drive the manufacturing of lactic acid and polylactic acid.
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