Ethyl Lactate Market by Product and Application - Global Industry Analysis and Forecast to 2022

Published On : August 2017 Pages : 93 Category: Advanced Materials Report Code : CM09222

Industry Outlook and Trend Analysis

The ethyl lactate market was valued around USD 651.32 million in 2012 and is expected to reach approximately USD 1530.62 million by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 7.99% during the forecast period. Ethyl lactate or otherwise termed as lactic acid ethyl ester is a monobasic ester which is formed from ethanol and lactic acid. It the most common solvent in cosmetic, pharmaceutical, coatings, detergents, fragrance and food production. Chemicals are distinctive substances or compounds, which are generally produced by reactions which involve alterations in molecular and atomic structure. Based on the composition, every chemical including ethyl lactate can be either mixtures or pure substances. Ethyl lactate is considered biodegradable and it can be used as a water-rinsable degreaser. There is a global demand for this chemical and also the fact that it is naturally available in small amounts is variety of foods including chicken, wine, and several fruits. When dilute, ethyl lactate has a mild odor, creamy and buttery along with hints of coconut and fruit. This compound is produced from biological sources, in the form of either dextro (R) or levo (S), based on the organism which is the source of the lactic acid. Majority of the ethyl lactate which is sourced biologically is ethyl (−)-L-lactate (ethyl (S)-lactate). Besides, this chemical compound is also produced industrially from petrochemical stocks, and comprises of the racemic mixture of dextro and levo forms. In a few territories, the natural substance is exempted from several constraints situated upon disposal and use of solvents. Since the enantiomers are present in nature, and as ethyl lactate is effortlessly biodegradable, it comes under green solvent. This is also one of the major factors that the market demand for ethyl lactate is said to grow during the forecast period.

Product Outlook and Trend Analysis

The global ethyl lactate market based on product has been segmented into industrial grade, food grade, electronic grade, and pharmaceutical grade. Globally, the demand for baked products is increasing, and this encourages the food grade ethyl lactate segment to grow, since it is widely used for flavoring purpose and to make biscuits and breads soft in texture. Electronic grade ethyl lactate is used in cleaning electronic circuit board especially the plasma etch residues in semiconductors and microelectronics. Since ethyl lactate is a green solubilizing agent, it has several advantages as compared to many other solubilizing agents which are organic based. Pharmaceutical grade ethyl lactate is approved by the FDA and is used as solubilizing component for flavors and dyes.

Application Outlook and Trend Analysis

The global Ethyl lactate market industry has its applications in widespread segments such as paints & inks, food and beverage, electronics and pharmaceuticals. It proves to be an excellent ingredient for developing coatings, inks, paint strippers, resin cleaners, ink cleaners, graffiti removers, etc. It is used in industrial coatings applications, mainly in extrusions, coil, containers and closures, wood furniture and fixtures, machinery and automotive finishes. Since it is completely biodegradable, it is cost effective and easy to recycle. It is also used in food and beverage flavoring as it is almost colorless and has a mildly pleasant smell. It is used to soften products such as biscuits and bread. Ethyl lactate is extensively used in wipe cleaning of aircraft, electronic circuit board cleaning, especially microelectronics and semiconductors to clean plasma etch residues. Lastly, it is freely purified since it is produced from renewable and natural sources. It is permitted by the FDA as an adjuvant solubilizing ingredient for pharmaceutical dyes and flavors. Ethyl lactate comprises of food grade and industrial grade which represents 29% and 49% of the global ethyl lactate market respectively.

Regional Outlook and Trend Analysis

Based on geography, the global ethyl lactate market is segmented into North America (Canada, US and Mexico), Europe (Germany, France, UK, Italy, Spain, etc.), Asia Pacific (China, Japan, India, Australia, South Korea, etc.), and Rest of the World (Saudi Arabia, Brazil, United Arab Emirates, South Africa, and others). It has been predicted that Asia Pacific region has been dominating the Ethyl Lactate market on production and consumption.

Competitive Outlook and Trend Analysis

Global ethyl lactate market share is subtly separated due to the predominance of huge number of small and medium sized industry players. The major market players of this industry are Corbion, Galactic (a subsidiary of Finasurce SA), ADM, Musashino Chemical Laboratory, Ltd., Vertec BioSolvents, Yancheng Huade Biological Engineering Co. Ltd., Henan Jindan Lactic Acid Technology Co., Ltd, Zhengzhou Tianrun Lactic Acid Co., Ltd., Shenzhen Esun Industrial Co. Ltd. and QINGDAO ABEL TECHNOLOGY CO., LTD.

Ethyl Lactate Market Segmentation:

By Product

  • Industrial Grade Ethyl Lactate
  • Food Grade Ethyl Lactate
  • Pharmaceutical Grade Ethyl Lactate
  • Electronic Grade Ethyl Lactate

By Application

  • Electronics
  • Food & Beverage
  • Pharmaceutical
  • Paints & Inks
  • Other Applications

By Region:

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2012 and forecast from 2013 to 2022?
  • What will be the industry market growth from 2013 to 2022?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

  • Ethyl Lactate Market, By Product, Estimates and Forecast, 2012-2022 ($Million)
    • Industrial Grade Ethyl Lactate
    • Food Grade Ethyl Lactate
    • Pharmaceutical Grade Ethyl Lactate
    • Electronic Grade Ethyl Lactate
  • Ethyl Lactate Market, By Application, Estimates and Forecast, 2012-2022 ($Million)
  • Electronics
  • Food & Beverage
  • Pharmaceutical
  • Paints & Inks
  • Other Applications
  • Ethyl Lactate Market, By Region, Estimates and Forecast, 2012-2022 ($Million)
    • North America
  • North America Ethyl Lactate Market, By Country
  • North America Ethyl Lactate Market, By Product
  • North America Ethyl Lactate Market, By Application
    • U.S. Ethyl Lactate Market, By Product
    • U.S. Ethyl Lactate Market, By Application
    • Canada Ethyl Lactate Market, By Product
    • Canada Ethyl Lactate Market, By Application
    • Mexico Ethyl Lactate Market, By Product
    • Mexico Ethyl Lactate Market, By Application
    • Europe
  • Europe Ethyl Lactate Market, By Country
  • Europe Ethyl Lactate Market, By Product
  • Europe Ethyl Lactate Market, By Application
    • Germany Ethyl Lactate Market, By Product
    • Germany Ethyl Lactate Market, By Application
    • France Ethyl Lactate Market, By Product
    • France Ethyl Lactate Market, By Application
    • UK Ethyl Lactate Market, By Product
    • UK Ethyl Lactate Market, By Application
    • Italy Ethyl Lactate Market, By Product
    • Italy Ethyl Lactate Market, By Application
    • Spain Ethyl Lactate Market, By Product
    • Spain Ethyl Lactate Market, By Application
    • Rest of Europe Ethyl Lactate Market, By Product
    • Rest of Europe Ethyl Lactate Market, By Application
    • Asia-Pacific
      • Asia-Pacific Ethyl Lactate Market, By Country
      • Asia-Pacific Ethyl Lactate Market, By Product
      • Asia-Pacific Ethyl Lactate Market, By Application
        • Japan Ethyl Lactate Market, By Product
        • Japan Ethyl Lactate Market, By Application
        • Australia Ethyl Lactate Market, By Product
        • Australia Ethyl Lactate Market, By Application
        • India Ethyl Lactate Market, By Product
        • India Ethyl Lactate Market, By Application
        • South Korea Ethyl Lactate Market, By Product
        • South Korea Ethyl Lactate Market, By Application
        • Rest of Asia-Pacific Ethyl Lactate Market, By Product
        • Rest of Asia-Pacific Ethyl Lactate Market, By Application
    • Rest of the World
      • Rest of the World Ethyl Lactate Market, By Country
      • Rest of the World Ethyl Lactate Market, By Product
      • Rest of the World Ethyl Lactate Market, By Application
        • Brazil Ethyl Lactate Market, By Product
        • Brazil Ethyl Lactate Market, By Application
        • South Africa Ethyl Lactate Market, By Product
        • South Africa Ethyl Lactate Market, By Application
        • Saudi Arabia Ethyl Lactate Market, By Product
        • Saudi Arabia Ethyl Lactate Market, By Application
        • Turkey Ethyl Lactate Market, By Product
        • Turkey Ethyl Lactate Market, By Application
        • United Arab Emirates Ethyl Lactate Market, By Product
        • United Arab Emirates Ethyl Lactate Market, By Application
        • Others Ethyl Lactate Market, By Product
        • Others Ethyl Lactate Market, By Application

Table of Contents

1.Introduction

1.1.Report Description

1.2.Research Methodology

1.2.1. Secondary Research

1.2.2. Primary Research

2.Executive Summary

2.1.Key Highlights

3.Market Overview

3.1.Introduction

3.1.1. Market Definition

3.1.2. Market Segmentation

3.2.Market Share Analysis

3.3.Market Dynamics

3.3.1. Drivers

3.3.2. Restraints

3.3.3. Opportunities

3.4.Industry Trends

4.Ethyl Lactate Market, By Product

4.1.Introduction

4.2.Ethyl Lactate Market Assessment and Forecast, By Product, 2012-2022

4.3.Food Grade Ethyl Lactate

4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.4.Pharmaceutical GradeEthyl Lactate

4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.5.Industrial GradeEthyl Lactate

4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.6.Electronic GradeEthyl Lactate

4.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

5.Ethyl Lactate Market, By Application

5.1.Introduction

5.2.Ethyl Lactate Market Assessment and Forecast, By Application, 2012-2022

5.3.Electronics

5.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

5.4.Food & Beverage

5.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

5.5.Pharmaceutical

5.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

5.6.Paints & Inks

5.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

5.7.Other Applications

5.7.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

6.Ethyl Lactate Market, By Region

6.1.Introduction

6.2.Ethyl Lactate Market Assessment and Forecast, By Region, 2012-2022 ($Million)

6.3.North America

6.3.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)

6.3.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.3.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.3.3.1.U.S.

6.3.3.1.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.3.3.1.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.3.3.2.Canada

6.3.3.2.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.3.3.2.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.3.3.3.Mexico

6.3.3.3.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.3.3.3.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.4.Europe

6.4.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)

6.4.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.4.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.4.3.1.Germany

6.4.3.1.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.4.3.1.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.4.3.2.France

6.4.3.2.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.4.3.2.2.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.4.3.3.UK

6.4.3.3.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.4.3.3.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.4.3.4.Italy

6.4.3.4.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.4.3.4.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.4.3.5.Spain

6.4.3.5.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.4.3.5.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.4.3.6.Russia

6.4.3.6.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.4.3.6.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.4.3.7.Rest of Europe

6.4.3.7.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.4.3.7.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.5.Asia-Pacific

6.5.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)

6.5.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.5.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.5.3.1.Japan

6.5.3.1.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.5.3.1.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.5.3.2.China

6.5.3.2.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.5.3.2.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.5.3.3.Australia

6.5.3.3.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.5.3.3.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.5.3.4.India

6.5.3.4.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.5.3.4.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.5.3.5.South Korea

6.5.3.5.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.5.3.5.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.5.3.6.Taiwan

6.5.3.6.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.5.3.6.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.5.3.7.Rest of Asia-Pacific

6.5.3.7.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.5.3.7.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.6.Rest of the World

6.6.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)

6.6.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.6.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.6.3.1.Brazil

6.6.3.1.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.6.3.1.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.6.3.2.Turkey

6.6.3.2.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.6.3.2.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.6.3.3.Saudi Arabia

6.6.3.3.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.6.3.3.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.6.3.4.South Africa

6.6.3.4.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.6.3.4.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.6.3.5.United Arab Emirates

6.6.3.5.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.6.3.5.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.6.3.6.Others

6.6.3.6.1.Market Assessment and Forecast, By Product, 2012-2022 ($Million)

6.6.3.6.2.Market Assessment and Forecast, By Application, 2012-2022 ($Million)

7.Company Profiles

7.1.Corbion

7.1.1. Business Overview

7.1.2. Product Portfolio

7.1.3. Key Financials

7.1.4. Strategic Developments

7.2.Galactic (a subsidiary of Finasurce SA)

7.2.1. Business Overview

7.2.2. Product Portfolio

7.2.3. Key Financials

7.2.4. Strategic Developments

7.3.ADM

7.3.1. Business Overview

7.3.2. Product Portfolio

7.3.3. Key Financials

7.3.4. Strategic Developments

7.4.Musashino Chemical Laboratory, Ltd.

7.4.1. Business Overview

7.4.2. Product Portfolio

7.4.3. Strategic Developments

7.5.Vertec BioSolvents

7.5.1. Business Overview

7.5.2. Product Portfolio

7.5.3. Strategic Developments

7.6.Yancheng Huade Biological Engineering Co. Ltd.

7.6.1. Business Overview

7.6.2. Product Portfolio

7.6.3. Strategic Developments

7.7.Henan Jindan Lactic Acid Technology Co., Ltd

7.7.1. Business Overview

7.7.2. Product Portfolio

7.7.3. Strategic Developments

7.8.Zhengzhou Tianrun Lactic Acid Co., Ltd.

7.8.1. Business Overview

7.8.2. Product Portfolio

7.8.3. Strategic Developments

7.9.Shenzhen Esun Industrial Co. Ltd.

7.9.1. Business Overview

7.9.2. Product Portfolio

7.9.3. Strategic Developments

7.10.QINGDAO ABEL TECHNOLOGY CO.,LTD

7.10.1.Business Overview

7.10.2.Product Portfolio

7.10.3.Strategic Developments


List of Tables

Table 1.Ethyl Lactate Market, By Product ($Million), 2012-2022
Table 2.Food Grade Ethyl Lactate Market, By Region ($Million), 2012-2022
Table 3.Pharmaceutical Grade Ethyl Lactate Market, By Region ($Million), 2012-2022
Table 4.Industrial Grade Ethyl Lactate Market, By Region ($Million), 2012-2022
Table 5.Electronic Grade Ethyl Lactate Market, By Region ($Million), 2012-2022
Table 6.Ethyl Lactate Market, By Application ($Million), 2012-2022
Table 7.Electronics Market, By Region ($Million), 2012-2022
Table 8.Food & Beverage Market, By Region ($Million), 2012-2022
Table 9.Pharmaceutical Market, By Region ($Million), 2012-2022
Table 10.Paints & Inks Market, By Region ($Million), 2012-2022
Table 11.Other Applications Market, By Region ($Million), 2012-2022
Table 12.Ethyl Lactate Market, By Region ($Million), 2012-2022
Table 13.North America Ethyl Lactate Market, By Country, 2012-2022 ($Million)
Table 14.North America Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 15.North America Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 16.U.S. Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 17.U.S. Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 18.Canada Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 19.Canada Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 20.Mexico Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 21.Mexico Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 22.Europe Ethyl Lactate Market, By Country, 2012-2022 ($Million)
Table 23.Europe Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 24.Europe Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 25.Germany Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 26.Germany Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 27.France Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 28.France Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 29.UK Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 30.UK Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 31.Italy Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 32.Italy Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 33.Spain Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 34.Spain Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 35.Russia Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 36.Russia Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 37.Rest of Europe Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 38.Rest of Europe Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 39.Asia-Pacific Ethyl Lactate Market, By Country, 2012-2022 ($Million)
Table 40.Asia-Pacific Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 41.Asia-Pacific Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 42.Japan Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 43.Japan Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 44.China Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 45.China Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 46.Australia Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 47.Australia Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 48.India Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 49.India Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 50.South Korea Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 51.South Korea Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 52.Taiwan Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 53.Taiwan Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 54.Rest of Asia-Pacific Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 55.Rest of Asia-Pacific Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 56.Rest of the World Ethyl Lactate Market, By Country, 2012-2022 ($Million)
Table 57.Rest of the World Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 58.Rest of the World Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 59.Brazil Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 60.Brazil Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 61.Turkey Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 62.Turkey Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 63.Saudi Arabia Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 64.Saudi Arabia Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 65.South Africa Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 66.South Africa Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 67.United Arab Emirates Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 68.United Arab Emirates Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 69.Others Ethyl Lactate Market, By Product, 2012-2022 ($Million)
Table 70.Others Ethyl Lactate Market, By Application, 2012-2022 ($Million)
Table 71.Corbion: Key Strategic Developments, 2015-2017
Table 72.Galactic (a subsidiary of Finasurce SA): Key Strategic Developments, 2015-2017
Table 73.ADM: Key Strategic Developments, 2015-2017
Table 74.Musashino Chemical Laboratory, Ltd.: Key Strategic Developments, 2015-2017
Table 75.Vertec BioSolvents: Key Strategic Developments, 2015-2017
Table 76.Yancheng Huade Biological Engineering Co. Ltd.: Key Strategic Developments, 2015-2017
Table 77.Henan Jindan Lactic Acid Technology Co., Ltd: Key Strategic Developments, 2015-2017
Table 78.Zhengzhou Tianrun Lactic Acid Co., Ltd.: Key Strategic Developments, 2015-2017
Table 79.Shenzhen Esun Industrial Co. Ltd.: Key Strategic Developments, 2015-2017
Table 80.QINGDAO ABEL TECHNOLOGY CO., LTD: Key Strategic Developments, 2015-2017


List of Figures

Figure 1.Ethyl Lactate Market Share, By Product, 2012 & 2022 ($Million)
Figure 2.Ethyl Lactate Market, By Application, 2012 & 2022 ($Million)
Figure 3.Ethyl Lactate Market, By Region, 2012 & 2022, ($Million)
Figure 4.Corbion: Net Revenues, 2014-2016 ($Million)
Figure 5.Corbion: Net Revenue Share, By Segment, 2016
Figure 6.Corbion: Net Revenue Share, By Geography, 2016
Figure 7.Galactic (a subsidiary of Finasurce SA): Net Revenues, 2014-2016 ($Million)
Figure 8.Galactic (a subsidiary of Finasurce SA): Net Revenue Share, By Segment, 2016
Figure 9.Galactic (a subsidiary of Finasurce SA): Net Revenue Share, By Geography, 2016
Figure 10.ADM: Net Revenues, 2014-2016 ($Million)
Figure 11.ADM: Net Revenue Share, By Segment, 2016
Figure 12.ADM: Net Revenue Share, By Geography, 2016

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

 

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