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Ethyl Lactate-Global Market Insights and Sales Trends 2025
Synopsis
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 biodegradable
The global Ethyl Lactate market size is expected to reach US$ 107.5 million by 2029, growing at a CAGR of 3.2% from 2023 to 2029. The market is mainly driven by the significant applications of Ethyl Lactate in various end use industries. The expanding demands from the Food & Beverage, Industrial Application, Pharmaceutical and Microelectronics, are propelling Ethyl Lactate market. Food Grade, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Pharmaceutical Grade segment is estimated at % CAGR for the next seven-year period.
Global Ethyl Lactate key players include Corbion, Galactic, Musashino Chemical Laboratory, Yancheng Hongtai Bioengineering, etc. Global top four manufacturers hold a share over 50%.
North America is the largest market, with a share about 35%, followed by Europe and China, both have a share about 50 percent.
In terms of product, Industrial Grade is the largest segment, with a share about 40%. And in terms of application, the largest application is Industrial Application, followed by Food & Beverage, Pharmaceutical, Microelectronics, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Ethyl Lactate, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Ethyl Lactate market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Ethyl Lactate market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Ethyl Lactate sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Ethyl Lactate covered in this report include Corbion, Galactic, Godavari Biorefineries, Musashino Chemical Laboratory, Vertec BioSolvents, Yancheng Hongtai Bioengineering, Huade Biological Engineering, Henan Kangyuan and Shenzhen Esun Industrial, etc.
The global Ethyl Lactate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Ethyl Lactate market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Ethyl Lactate market, Segment by Type:
Food Grade
Pharmaceutical Grade
Industrial Grade
Electronic Grade
Global Ethyl Lactate market, by Application
Food & Beverage
Industrial Application
Pharmaceutical
Microelectronics
Other
Core Chapters
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, South 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, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South 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.
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 biodegradable
The global Ethyl Lactate market size is expected to reach US$ 107.5 million by 2029, growing at a CAGR of 3.2% from 2023 to 2029. The market is mainly driven by the significant applications of Ethyl Lactate in various end use industries. The expanding demands from the Food & Beverage, Industrial Application, Pharmaceutical and Microelectronics, are propelling Ethyl Lactate market. Food Grade, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Pharmaceutical Grade segment is estimated at % CAGR for the next seven-year period.
Global Ethyl Lactate key players include Corbion, Galactic, Musashino Chemical Laboratory, Yancheng Hongtai Bioengineering, etc. Global top four manufacturers hold a share over 50%.
North America is the largest market, with a share about 35%, followed by Europe and China, both have a share about 50 percent.
In terms of product, Industrial Grade is the largest segment, with a share about 40%. And in terms of application, the largest application is Industrial Application, followed by Food & Beverage, Pharmaceutical, Microelectronics, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Ethyl Lactate, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Ethyl Lactate market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Ethyl Lactate market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Ethyl Lactate sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Ethyl Lactate covered in this report include Corbion, Galactic, Godavari Biorefineries, Musashino Chemical Laboratory, Vertec BioSolvents, Yancheng Hongtai Bioengineering, Huade Biological Engineering, Henan Kangyuan and Shenzhen Esun Industrial, etc.
The global Ethyl Lactate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Ethyl Lactate market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Ethyl Lactate market, Segment by Type:
Food Grade
Pharmaceutical Grade
Industrial Grade
Electronic Grade
Global Ethyl Lactate market, by Application
Food & Beverage
Industrial Application
Pharmaceutical
Microelectronics
Other
Core Chapters
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, South 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, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South 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.
Index1 Ethyl Lactate Market Overview
1.1 Ethyl Lactate Product Overview
1.2 Ethyl Lactate Market Segment by Type
1.2.1 Food Grade
1.2.2 Pharmaceutical Grade
1.2.3 Industrial Grade
1.2.4 Electronic Grade
1.3 Global Ethyl Lactate Market Size by Type
1.3.1 Global Ethyl Lactate Market Size Overview by Type (2018-2029)
1.3.2 Global Ethyl Lactate Historic Market Size Review by Type (2018-2023)
1.3.3 Global Ethyl Lactate Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Ethyl Lactate Sales Breakdown by Type (2018-2023)
1.4.2 Europe Ethyl Lactate Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Ethyl Lactate Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Ethyl Lactate Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Ethyl Lactate Sales Breakdown by Type (2018-2023)
2 Global Ethyl Lactate Market Competition by Company
2.1 Global Top Players by Ethyl Lactate Sales (2018-2023)
2.2 Global Top Players by Ethyl Lactate Revenue (2018-2023)
2.3 Global Top Players by Ethyl Lactate Price (2018-2023)
2.4 Global Top Manufacturers Ethyl Lactate Manufacturing Base Distribution, Sales Area, Product Type
2.5 Ethyl Lactate Market Competitive Situation and Trends
2.5.1 Ethyl Lactate Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Ethyl Lactate Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Ethyl Lactate as of 2022)
2.7 Date of Key Manufacturers Enter into Ethyl Lactate Market
2.8 Key Manufacturers Ethyl Lactate Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Ethyl Lactate Status and Outlook by Region
3.1 Global Ethyl Lactate Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Ethyl Lactate Historic Market Size by Region
3.2.1 Global Ethyl Lactate Sales in Volume by Region (2018-2023)
3.2.2 Global Ethyl Lactate Sales in Value by Region (2018-2023)
3.2.3 Global Ethyl Lactate Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Ethyl Lactate Forecasted Market Size by Region
3.3.1 Global Ethyl Lactate Sales in Volume by Region (2024-2029)
3.3.2 Global Ethyl Lactate Sales in Value by Region (2024-2029)
3.3.3 Global Ethyl Lactate Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Ethyl Lactate by Application
4.1 Ethyl Lactate Market Segment by Application
4.1.1 Food & Beverage
4.1.2 Industrial Application
4.1.3 Pharmaceutical
4.1.4 Microelectronics
4.1.5 Other
4.2 Global Ethyl Lactate Market Size by Application
4.2.1 Global Ethyl Lactate Market Size Overview by Application (2018-2029)
4.2.2 Global Ethyl Lactate Historic Market Size Review by Application (2018-2023)
4.2.3 Global Ethyl Lactate Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Ethyl Lactate Sales Breakdown by Application (2018-2023)
4.3.2 Europe Ethyl Lactate Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Ethyl Lactate Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Ethyl Lactate Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Ethyl Lactate Sales Breakdown by Application (2018-2023)
5 North America Ethyl Lactate by Country
5.1 North America Ethyl Lactate Historic Market Size by Country
5.1.1 North America Ethyl Lactate Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Ethyl Lactate Sales in Volume by Country (2018-2023)
5.1.3 North America Ethyl Lactate Sales in Value by Country (2018-2023)
5.2 North America Ethyl Lactate Forecasted Market Size by Country
5.2.1 North America Ethyl Lactate Sales in Volume by Country (2024-2029)
5.2.2 North America Ethyl Lactate Sales in Value by Country (2024-2029)
6 Europe Ethyl Lactate by Country
6.1 Europe Ethyl Lactate Historic Market Size by Country
6.1.1 Europe Ethyl Lactate Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Ethyl Lactate Sales in Volume by Country (2018-2023)
6.1.3 Europe Ethyl Lactate Sales in Value by Country (2018-2023)
6.2 Europe Ethyl Lactate Forecasted Market Size by Country
6.2.1 Europe Ethyl Lactate Sales in Volume by Country (2024-2029)
6.2.2 Europe Ethyl Lactate Sales in Value by Country (2024-2029)
7 Asia-Pacific Ethyl Lactate by Region
7.1 Asia-Pacific Ethyl Lactate Historic Market Size by Region
7.1.1 Asia-Pacific Ethyl Lactate Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Ethyl Lactate Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Ethyl Lactate Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Ethyl Lactate Forecasted Market Size by Region
7.2.1 Asia-Pacific Ethyl Lactate Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Ethyl Lactate Sales in Value by Region (2024-2029)
8 Latin America Ethyl Lactate by Country
8.1 Latin America Ethyl Lactate Historic Market Size by Country
8.1.1 Latin America Ethyl Lactate Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Ethyl Lactate Sales in Volume by Country (2018-2023)
8.1.3 Latin America Ethyl Lactate Sales in Value by Country (2018-2023)
8.2 Latin America Ethyl Lactate Forecasted Market Size by Country
8.2.1 Latin America Ethyl Lactate Sales in Volume by Country (2024-2029)
8.2.2 Latin America Ethyl Lactate Sales in Value by Country (2024-2029)
9 Middle East and Africa Ethyl Lactate by Country
9.1 Middle East and Africa Ethyl Lactate Historic Market Size by Country
9.1.1 Middle East and Africa Ethyl Lactate Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Ethyl Lactate Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Ethyl Lactate Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Ethyl Lactate Forecasted Market Size by Country
9.2.1 Middle East and Africa Ethyl Lactate Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Ethyl Lactate Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Corbion
10.1.1 Corbion Company Information
10.1.2 Corbion Introduction and Business Overview
10.1.3 Corbion Ethyl Lactate Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Corbion Ethyl Lactate Products Offered
10.1.5 Corbion Recent Development
10.2 Galactic
10.2.1 Galactic Company Information
10.2.2 Galactic Introduction and Business Overview
10.2.3 Galactic Ethyl Lactate Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Galactic Ethyl Lactate Products Offered
10.2.5 Galactic Recent Development
10.3 Godavari Biorefineries
10.3.1 Godavari Biorefineries Company Information
10.3.2 Godavari Biorefineries Introduction and Business Overview
10.3.3 Godavari Biorefineries Ethyl Lactate Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Godavari Biorefineries Ethyl Lactate Products Offered
10.3.5 Godavari Biorefineries Recent Development
10.4 Musashino Chemical Laboratory
10.4.1 Musashino Chemical Laboratory Company Information
10.4.2 Musashino Chemical Laboratory Introduction and Business Overview
10.4.3 Musashino Chemical Laboratory Ethyl Lactate Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Musashino Chemical Laboratory Ethyl Lactate Products Offered
10.4.5 Musashino Chemical Laboratory Recent Development
10.5 Vertec BioSolvents
10.5.1 Vertec BioSolvents Company Information
10.5.2 Vertec BioSolvents Introduction and Business Overview
10.5.3 Vertec BioSolvents Ethyl Lactate Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Vertec BioSolvents Ethyl Lactate Products Offered
10.5.5 Vertec BioSolvents Recent Development
10.6 Yancheng Hongtai Bioengineering
10.6.1 Yancheng Hongtai Bioengineering Company Information
10.6.2 Yancheng Hongtai Bioengineering Introduction and Business Overview
10.6.3 Yancheng Hongtai Bioengineering Ethyl Lactate Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Yancheng Hongtai Bioengineering Ethyl Lactate Products Offered
10.6.5 Yancheng Hongtai Bioengineering Recent Development
10.7 Huade Biological Engineering
10.7.1 Huade Biological Engineering Company Information
10.7.2 Huade Biological Engineering Introduction and Business Overview
10.7.3 Huade Biological Engineering Ethyl Lactate Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Huade Biological Engineering Ethyl Lactate Products Offered
10.7.5 Huade Biological Engineering Recent Development
10.8 Henan Kangyuan
10.8.1 Henan Kangyuan Company Information
10.8.2 Henan Kangyuan Introduction and Business Overview
10.8.3 Henan Kangyuan Ethyl Lactate Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Henan Kangyuan Ethyl Lactate Products Offered
10.8.5 Henan Kangyuan Recent Development
10.9 Shenzhen Esun Industrial
10.9.1 Shenzhen Esun Industrial Company Information
10.9.2 Shenzhen Esun Industrial Introduction and Business Overview
10.9.3 Shenzhen Esun Industrial Ethyl Lactate Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Shenzhen Esun Industrial Ethyl Lactate Products Offered
10.9.5 Shenzhen Esun Industrial Recent Development
10.10 Haijianuo Bioengineer
10.10.1 Haijianuo Bioengineer Company Information
10.10.2 Haijianuo Bioengineer Introduction and Business Overview
10.10.3 Haijianuo Bioengineer Ethyl Lactate Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Haijianuo Bioengineer Ethyl Lactate Products Offered
10.10.5 Haijianuo Bioengineer Recent Development
10.11 Jindan Lactic Acid
10.11.1 Jindan Lactic Acid Company Information
10.11.2 Jindan Lactic Acid Introduction and Business Overview
10.11.3 Jindan Lactic Acid Ethyl Lactate Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Jindan Lactic Acid Ethyl Lactate Products Offered
10.11.5 Jindan Lactic Acid Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Ethyl Lactate Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Ethyl Lactate Industrial Chain Analysis
11.4 Ethyl Lactate Market Dynamics
11.4.1 Ethyl Lactate Industry Trends
11.4.2 Ethyl Lactate Market Drivers
11.4.3 Ethyl Lactate Market Challenges
11.4.4 Ethyl Lactate Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Ethyl Lactate Distributors
12.3 Ethyl Lactate Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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