Ethyl lactate is an organic compound and an ester of ethanol and lactic acid. It is a colorless, odorless liquid with a mild, sweet taste. It is used as a solvent in various industrial applications, including perfumes, cosmetics, and printing inks. It is also used as a flavoring agent in food and beverages, as well as in pharmaceuticals and personal care products. Ethyl lactate is produced by the reaction of lactic acid and ethanol. It is also produced naturally in small amounts by the fermentation of sugar.
The global Ethyl Lactate market was valued at US$ 86 million in 2022 and is anticipated to reach US$ 107.5 million by 2029, witnessing a CAGR of 3.2% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Ethyl Lactate Market available at: https://www.themarketreports.com/report/global-ethyl-lactate-market-research-report
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.
Global Ethyl Lactate key players include Corbion, Galactic, Musashino Chemical Laboratory, Yancheng Hongtai Bioengineering, etc. Global top four manufacturers hold a share over 50%.
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