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A research study titled, “Ethyl Lactate Market by Product And Application - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Ethyl Lactate Market is projected to be around $1530.62 million by 2022.
Ethyl Lactate Market - Demand, Insights, Analysis, Opportunities,
Segmentation and Forecast To 2022
A research study titled, “Ethyl Lactate Market by Product And Application - Global Industry
Analysis and Forecast to 2022” published by Crystal Market Research, states that the Ethyl
Lactate Market is projected to be around $1530.62 million by 2022.
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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 also
termed lactic acid ethyl ester, is a monobasic ester composed from lactic acid and ethanol,
regularly utilized as a dissolvable liquid. This compound is viewed as biodegradable and can be
utilized as a water-rinsable degreaser. It is naturally present in small amounts in a number of
foods like chicken, wine and different kinds of fruits.
The scents of ethyl lactate when diluted is gentle, rich, and creamy, with hints of fruit and
coconut. Ethyl lactate is commonly created from organic sources. Ethyl lactate is additionally
delivered mechanically from petrochemical stocks, and this ethyl lactate comprises of the
racemic blend of levo and dextro frames. It is widely used as a solvent in coatings, cosmetic,
fragrance, pharmaceutical, food production and detergents.
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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.
Major Market Players:
The leading market players in the Ethyl Lactate Market are Vertec BioSolvents, Shenzhen Esun
Industrial Co. Ltd, Yancheng Huade Biological Engineering Co. Ltd., ADM, Henan Jindan
Lactic Acid Technology Co., Ltd, QINGDAO ABEL TECHNOLOGY CO., LTD, and
Musashino Chemical Laboratory.
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
Purchase the report @ https://www.crystalmarketresearch.com/checkout/CM09222
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