Global Ethyl Lactate Market Worth $ 1.3 Billion by 2021

Date: 2018-07-18

Ethyl lactate is a monobasic ester formed from lactic acid and ethanol, commonly used as a solvent. Ethyl Lactate includes Medical Grade, Food Grade and Industrial Grade on the base of classification, which represent 23%, 29% and 42% of global Ethyl Lactate market. 

Chemical Industry, Food Industry and Pharmaceutical Industry are the main application of Ethyl Lactate product and Asia Pacific is the largest Ethyl Lactate market on production and consumption.

Global Ethyl Lactate market is projected to reach $ 1.3 Billion by 2021, with a GAGR of 8.3% from 2017, and Asia will have a big dynamic momentum on the market growth. The major players in the global Ethyl Lactate market are JINDAN, Yuanda, Yibang, Kangyuan, Weishi, ADM, Vertec BioSolvents, Galactic, CELLULAC etc.

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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