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Global Ethyl Lactate Market Research Report 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 was valued at US$ 86 million in 2023 and is anticipated to reach US$ 107.5 million by 2030, witnessing a CAGR of 3.2% during the forecast period 2024-2030.
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.
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.
Report Scope
The Ethyl Lactate market size, estimations, and forecasts are provided in terms of output/shipments (MT) 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.
The report will help the Ethyl Lactate manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Food Grade
Pharmaceutical Grade
Industrial Grade
Electronic Grade
Segment by Application
Food & Beverage
Industrial Application
Pharmaceutical
Microelectronics
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Ethyl Lactate manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Ethyl Lactate by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Ethyl Lactate in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
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 was valued at US$ 86 million in 2023 and is anticipated to reach US$ 107.5 million by 2030, witnessing a CAGR of 3.2% during the forecast period 2024-2030.
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.
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.
Report Scope
The Ethyl Lactate market size, estimations, and forecasts are provided in terms of output/shipments (MT) 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.
The report will help the Ethyl Lactate manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Food Grade
Pharmaceutical Grade
Industrial Grade
Electronic Grade
Segment by Application
Food & Beverage
Industrial Application
Pharmaceutical
Microelectronics
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Ethyl Lactate manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Ethyl Lactate by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Ethyl Lactate in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
Index1 Ethyl Lactate Market Overview
1.1 Product Definition
1.2 Ethyl Lactate Segment by Type
1.2.1 Global Ethyl Lactate Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Food Grade
1.2.3 Pharmaceutical Grade
1.2.4 Industrial Grade
1.2.5 Electronic Grade
1.3 Ethyl Lactate Segment by Application
1.3.1 Global Ethyl Lactate Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Food & Beverage
1.3.3 Industrial Application
1.3.4 Pharmaceutical
1.3.5 Microelectronics
1.3.6 Other
1.4 Global Market Growth Prospects
1.4.1 Global Ethyl Lactate Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Ethyl Lactate Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Ethyl Lactate Production Estimates and Forecasts (2019-2030)
1.4.4 Global Ethyl Lactate Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Ethyl Lactate Production Market Share by Manufacturers (2019-2024)
2.2 Global Ethyl Lactate Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Ethyl Lactate, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Ethyl Lactate Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Ethyl Lactate Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Ethyl Lactate, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Ethyl Lactate, Product Offered and Application
2.8 Global Key Manufacturers of Ethyl Lactate, Date of Enter into This Industry
2.9 Ethyl Lactate Market Competitive Situation and Trends
2.9.1 Ethyl Lactate Market Concentration Rate
2.9.2 Global 5 and 10 Largest Ethyl Lactate Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Ethyl Lactate Production by Region
3.1 Global Ethyl Lactate Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Ethyl Lactate Production Value by Region (2019-2030)
3.2.1 Global Ethyl Lactate Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Ethyl Lactate by Region (2025-2030)
3.3 Global Ethyl Lactate Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Ethyl Lactate Production by Region (2019-2030)
3.4.1 Global Ethyl Lactate Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Ethyl Lactate by Region (2025-2030)
3.5 Global Ethyl Lactate Market Price Analysis by Region (2019-2024)
3.6 Global Ethyl Lactate Production and Value, Year-over-Year Growth
3.6.1 North America Ethyl Lactate Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Ethyl Lactate Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Ethyl Lactate Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Ethyl Lactate Production Value Estimates and Forecasts (2019-2030)
4 Ethyl Lactate Consumption by Region
4.1 Global Ethyl Lactate Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Ethyl Lactate Consumption by Region (2019-2030)
4.2.1 Global Ethyl Lactate Consumption by Region (2019-2024)
4.2.2 Global Ethyl Lactate Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Ethyl Lactate Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Ethyl Lactate Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Ethyl Lactate Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Ethyl Lactate Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Ethyl Lactate Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Ethyl Lactate Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Ethyl Lactate Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Ethyl Lactate Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Ethyl Lactate Production by Type (2019-2030)
5.1.1 Global Ethyl Lactate Production by Type (2019-2024)
5.1.2 Global Ethyl Lactate Production by Type (2025-2030)
5.1.3 Global Ethyl Lactate Production Market Share by Type (2019-2030)
5.2 Global Ethyl Lactate Production Value by Type (2019-2030)
5.2.1 Global Ethyl Lactate Production Value by Type (2019-2024)
5.2.2 Global Ethyl Lactate Production Value by Type (2025-2030)
5.2.3 Global Ethyl Lactate Production Value Market Share by Type (2019-2030)
5.3 Global Ethyl Lactate Price by Type (2019-2030)
6 Segment by Application
6.1 Global Ethyl Lactate Production by Application (2019-2030)
6.1.1 Global Ethyl Lactate Production by Application (2019-2024)
6.1.2 Global Ethyl Lactate Production by Application (2025-2030)
6.1.3 Global Ethyl Lactate Production Market Share by Application (2019-2030)
6.2 Global Ethyl Lactate Production Value by Application (2019-2030)
6.2.1 Global Ethyl Lactate Production Value by Application (2019-2024)
6.2.2 Global Ethyl Lactate Production Value by Application (2025-2030)
6.2.3 Global Ethyl Lactate Production Value Market Share by Application (2019-2030)
6.3 Global Ethyl Lactate Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Corbion
7.1.1 Corbion Ethyl Lactate Corporation Information
7.1.2 Corbion Ethyl Lactate Product Portfolio
7.1.3 Corbion Ethyl Lactate Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Corbion Main Business and Markets Served
7.1.5 Corbion Recent Developments/Updates
7.2 Galactic
7.2.1 Galactic Ethyl Lactate Corporation Information
7.2.2 Galactic Ethyl Lactate Product Portfolio
7.2.3 Galactic Ethyl Lactate Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Galactic Main Business and Markets Served
7.2.5 Galactic Recent Developments/Updates
7.3 Godavari Biorefineries
7.3.1 Godavari Biorefineries Ethyl Lactate Corporation Information
7.3.2 Godavari Biorefineries Ethyl Lactate Product Portfolio
7.3.3 Godavari Biorefineries Ethyl Lactate Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Godavari Biorefineries Main Business and Markets Served
7.3.5 Godavari Biorefineries Recent Developments/Updates
7.4 Musashino Chemical Laboratory
7.4.1 Musashino Chemical Laboratory Ethyl Lactate Corporation Information
7.4.2 Musashino Chemical Laboratory Ethyl Lactate Product Portfolio
7.4.3 Musashino Chemical Laboratory Ethyl Lactate Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Musashino Chemical Laboratory Main Business and Markets Served
7.4.5 Musashino Chemical Laboratory Recent Developments/Updates
7.5 Vertec BioSolvents
7.5.1 Vertec BioSolvents Ethyl Lactate Corporation Information
7.5.2 Vertec BioSolvents Ethyl Lactate Product Portfolio
7.5.3 Vertec BioSolvents Ethyl Lactate Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Vertec BioSolvents Main Business and Markets Served
7.5.5 Vertec BioSolvents Recent Developments/Updates
7.6 Yancheng Hongtai Bioengineering
7.6.1 Yancheng Hongtai Bioengineering Ethyl Lactate Corporation Information
7.6.2 Yancheng Hongtai Bioengineering Ethyl Lactate Product Portfolio
7.6.3 Yancheng Hongtai Bioengineering Ethyl Lactate Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Yancheng Hongtai Bioengineering Main Business and Markets Served
7.6.5 Yancheng Hongtai Bioengineering Recent Developments/Updates
7.7 Huade Biological Engineering
7.7.1 Huade Biological Engineering Ethyl Lactate Corporation Information
7.7.2 Huade Biological Engineering Ethyl Lactate Product Portfolio
7.7.3 Huade Biological Engineering Ethyl Lactate Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Huade Biological Engineering Main Business and Markets Served
7.7.5 Huade Biological Engineering Recent Developments/Updates
7.8 Henan Kangyuan
7.8.1 Henan Kangyuan Ethyl Lactate Corporation Information
7.8.2 Henan Kangyuan Ethyl Lactate Product Portfolio
7.8.3 Henan Kangyuan Ethyl Lactate Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Henan Kangyuan Main Business and Markets Served
7.7.5 Henan Kangyuan Recent Developments/Updates
7.9 Shenzhen Esun Industrial
7.9.1 Shenzhen Esun Industrial Ethyl Lactate Corporation Information
7.9.2 Shenzhen Esun Industrial Ethyl Lactate Product Portfolio
7.9.3 Shenzhen Esun Industrial Ethyl Lactate Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Shenzhen Esun Industrial Main Business and Markets Served
7.9.5 Shenzhen Esun Industrial Recent Developments/Updates
7.10 Haijianuo Bioengineer
7.10.1 Haijianuo Bioengineer Ethyl Lactate Corporation Information
7.10.2 Haijianuo Bioengineer Ethyl Lactate Product Portfolio
7.10.3 Haijianuo Bioengineer Ethyl Lactate Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Haijianuo Bioengineer Main Business and Markets Served
7.10.5 Haijianuo Bioengineer Recent Developments/Updates
7.11 Jindan Lactic Acid
7.11.1 Jindan Lactic Acid Ethyl Lactate Corporation Information
7.11.2 Jindan Lactic Acid Ethyl Lactate Product Portfolio
7.11.3 Jindan Lactic Acid Ethyl Lactate Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Jindan Lactic Acid Main Business and Markets Served
7.11.5 Jindan Lactic Acid Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Ethyl Lactate Industry Chain Analysis
8.2 Ethyl Lactate Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Ethyl Lactate Production Mode & Process
8.4 Ethyl Lactate Sales and Marketing
8.4.1 Ethyl Lactate Sales Channels
8.4.2 Ethyl Lactate Distributors
8.5 Ethyl Lactate Customers
9 Ethyl Lactate Market Dynamics
9.1 Ethyl Lactate Industry Trends
9.2 Ethyl Lactate Market Drivers
9.3 Ethyl Lactate Market Challenges
9.4 Ethyl Lactate Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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