-The catering and microelectronics industries have a strong demand for lactate as an environmentally friendly solvent, contributing considerable revenue to participants in the lactate market
-Ethyl lactate and butyl lactate have attractive toxicological and environmental characteristics to promote their application in end industries
Albany, New York, November 3, 2021 /PRNewswire/ - Over the years, the range of bio-based solvents in industrial applications has continued to expand, which has aroused great interest from chemical manufacturers in the lactate market. Therefore, the driving force of the lactate market stems from the growing use of lactate in a range of industrial applications, especially in the food and beverage, personal care and cosmetics, and electronics industries.
In the past few years, manufacturers in the lactate market have gained a lot of revenue by using ethyl lactate and butyl lactate as food additives. Biodegradability, non-carcinogenicity, non-corrosiveness and low volatility are the reasons for the attractive environmental and toxicological characteristics of various products in the lactate market. For example, the US Environmental Protection Agency (EPA) has approved ethyl acetate as an environmentally friendly solvent under the Important New Alternatives Policy (SNAP), which is also considered harmless to human health.
Increasing adoption of environmentally friendly platform chemicals in industrial processes is the key to expanding the market opportunities for lactate. TMR analysts predict that by 2031, the market will exceed 4.8 billion U.S. dollars.
Get the PDF manual for more insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=60546
The main findings of the lactate market research
The increase in the use of green organic solvents in industrial applications has promoted market growth: since the beginning of the millennium, industrial green chemicals have concentrated on a large number of R&D investments worldwide. Therefore, various lactic acid esters have attracted attention as green solvents in various industrial processes, such as microelectronics, catering, agrochemicals, and personal care and cosmetics industries. The lactate market has greatly benefited from the continuous improvement of lactate biosynthesis, using renewable raw materials and other renewable resources to improve the environmental status of the final product.
Lactate as a bio-based solvent meets the standards of the microelectronics industry: Microelectronics manufacturers' strict adherence to quality standards causes them to avoid traditional solvents. Companies in the microelectronics industry are increasingly transitioning from fossil-based solutions to bio-based solvents. This trend has opened up new areas for the commercialization of lactate market products. In addition, the use of ethyl lactate particularly helps manufacturers on the one hand to improve the safety of the workplace and improve the performance of the electronic components used. Their efficiency in cleaning various materials is the key to the growing needs of the microelectronics industry. For example, the properties of lactate solvents have been used to clean photoresists and LCDs.
Request to report special discount – https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=60546
Lactate market: driving factors
Steady growth in the sales of cosmetics and personal care products, coupled with increasing general awareness of the favorable environmental characteristics of the additives used, has promoted the production of environmentally friendly platform chemicals. This trend continues to expand the sources of income for participants in the lactate market.
The progress made in the production of food and beverages in various industrialized countries is promoting the use of green solvents such as ethyl lactate, propyl lactate, and butyl lactate, thereby promoting the synthesis of lactate
Lactate Market: Regional Growth Dynamics
North America occupies a leading share of the global lactate market. The main revenue share of the regional market growth comes from the large-scale use of lactic acid as a biosolvent in the food, beverage and microelectronics industries. The United States is a potentially lucrative market in the region.
The Asia-Pacific lactate market is expected to expand at an alarming rate between 2021-2031. This growth may be strongly driven by large investments in electronics manufacturing, especially in China.
Lactate market: major players
Some of the major players in the lactate market are Qingdao Abel, Zhengzhou Tianrun, GODAVARI, Shenzhen Yisheng, Henan Jindan Lactic Acid Technology Co., Ltd., Merck and Musashino.
Purchase exclusive research reports at https://www.transparencymarketresearch.com/checkout.php?rep_id=60546<ype=S
Global Lactate Market: Segmentation
Lactate market, by type
Others (including hexyl lactate and hexadecyl lactate)
Lactate market, by application
Lactate market, by region
The chemical and materials industry struggles with the actual impact of economic and cultural changes, and explores transparent market research for award-winning reports on the global chemical and materials market:
Bio-polylactic acid (PLA) film market-https://www.transparencymarketresearch.com/bio-polylactic-acid-pla-films-market.html
Polylactic acid market-https://www.transparencymarketresearch.com/polylactic-acid-market.html
Transparency Market Research is a global market intelligence company that provides global business information reports and services. We exclusively integrate quantitative forecasting and trend analysis to provide forward-looking insights for thousands of decision makers. Our team of experienced analysts, researchers and consultants use proprietary data sources and various tools and techniques to collect and analyze information. Our data repository is constantly updated and revised by a team of research experts to always reflect the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research uses strict primary and secondary research techniques to develop unique data sets and research materials for business reports.
For more research insights on leading industries, please visit our YouTube channel-https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Mr. Rohit Bhisey Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY-12207 USA USA-Canada Toll Free: 866-552-3453 Email: firstname.lastname@example.org Website: http://www.transparencymarketresearch .com Press release source: https://www.transparencymarketresearch.com/pressrelease/lact-acid-ester-market.htm
View the original text: https://www.prnewswire.com/news-releases/lact-acid-ester-market-to-witness-momentum-in-growth-from-rising-utilization-of-green-solvents-in-multi The industry market valuation surpasses the United States by 400-800 million-2031-tmr-study-301414576.html
If you want to compound wealth in the stock market, you can do so by buying index funds. But you can significantly...
Merck KGaA operates in three main areas: life sciences, high-performance materials, and healthcare. The life sciences department (accounting for 43% of sales in 2020) provides laboratory consumables and instruments for researchers in academia and applications (including the biopharmaceutical industry). In the healthcare sector (38%), Merck develops, manufactures and sells brand-name drugs with significant therapeutic concentrations in tumors, multiple sclerosis and fertility. In its electronics division (19%), the company provides special materials to manufacture various products such as semiconductors, flat-screen TVs, automobiles and cosmetics. In 1995, the E. Merck KG family publicly sold part of the company, resulting in the company’s current 30% public ownership.
Hundreds of Chinese companies are listed on the US market. But, which are the Chinese stocks that are worth buying or paying attention to? Sohu, Weilai, Rio Tinto, Xiaopeng and BYD. China is the world's most populous country and the second largest economy. The urban middle class is booming and entrepreneurial activities are amazing.
As Bitcoin adoption has grown, Marathon digital stocks have been volatile. The following is the fundamental and technical analysis of the stock.
Price movements indicate that investors are preparing for higher inflation and aggressive actions by the Federal Reserve in the next two years.
The Walt Disney Company (NYSE: DIS) shares fell on Thursday after the company announced lower-than-expected fourth-quarter financial results. Disney announced quarterly adjusted earnings of 37 cents, lower than expected 44 cents. The company reported quarterly revenue of 18.53 billion U.S. dollars, exceeding expectations of 16.26 billion U.S. dollars. The total number of paid users of Disney is 118.1 million, higher than the 73.7 million in the same period last year. As the Disney sub slows down, the stock may go lower
Root Inc. has slashed marketing expenses by 40% from earlier this year, turning to more effective ways to show car buyers its digital policies-such as an exclusive partnership with Carvana Co.
Purple Innovation reported that the adjusted loss of 7 cents per share in the third quarter was well below the 15 cents earnings expected by analysts.
The European Central Bank (ECB) has appointed ING's global payments director Evelien Witlox as its digital euro project manager, effective January 1, 2022.
The US stock market fell on Wednesday afternoon, and the stock market weakened slightly in early trading. Investors paid attention to the October consumer inflation data, which was much higher than expected.
As traders continue to bet that corporate profits will not be affected by supply chain pressures, US stock index futures rose slightly to historical highs on Friday.
According to a new document from the US Securities and Exchange Commission, Quantumscape (NYSE:QS) insider Justin Mirro conducted large-scale insider trading on November 8. What happened: The Form 4 document filed by the US Securities and Exchange Commission on Monday showed that Mirro sold 50,000 Quantumscape shares for between $32.07 and $38.14. The total transaction volume is US$1,775,477. Mirro still holds 5,289,158 shares of Quantumscape worth US$187,659,325. Quantumscape's stock price rose by 3.77% to $35.48 at t
Singles Day is the largest annual shopping event in the world in China. Its creator, e-commerce giant Alibaba, is now exporting the event to other parts of the world as part of its efforts to challenge Amazon and other companies. Photo: Geoffroy Van der Hasselt/AFP/Getty Images
How to improve year-end cash flow? By increasing the amount of inflow of funds and reducing the amount of outflow of cash. That's it.
We have many put options, call options, inverse ETFs, double leveraged ETFs, and even SPACs. But let's zero the volume and what it can tell us now.
There are many licensed truck drivers in the United States, but they lack high-paying jobs to attract them to stay in the trucking industry.
The shares of electric car startup Rivian rose for the second day in a row, and its market value surpassed industry giants General Motors and Ford Motor in a short period of time.
Mizuho raised the target price of Broadcom Corporation (NASDAQ: AVGO) from US$545 to US$600. Broadcom shares rose 0.7% to $552.70 in pre-market trading. Oppenheimer raised the target price of NVIDIA Corporation (NASDAQ: NVDA) from US$235 to US$350. NVIDIA shares rose 2.9% to $303.09 in pre-market trading. Needham raised the price target of monday.com Ltd. (NASDAQ: MNDY) from $350 to $420. The monday.com share price rose 5.3% to $369.49 in pre-market trading. Credit Suisse raises the target price of AppLovin Corporation (NASDAQ: APP) from US$95 to
(Bloomberg)-Daiwa Housing Logistics Trust is seeking to raise approximately S$464 million (US$343 million) through an initial public offering, which will be Singapore's largest public offering in a year. Most of the articles from Bloomberg News. Why should Hong Kong build apartments as big as parking spaces? Is it worth a second chance for farmers to bear the "post-apocalyptic" food crisis prison? The popular Greek islands are overcrowded-Plastic Singapore Real Estate Investment Trust, sponsored by Japan's Yamato Housing Industry Corporation., Yes
Trustees seeking to be paid for their services and beneficiaries who believe that the trustee charges too much will ask this question. As a guideline, professional trustees—banks, trust companies, and lawyers acting as trustees—usually charge 1.0% to 1.5% of the trust’s assets per year, with smaller trusts charging a higher percentage, and larger trusts charging lower Percentage. A US$4 million trust will not be much different from a US$2 million trust.