The global market for Ethyl Lactate was estimated at US$ 137.21 million in the year 2023, and is projected to reach a revised size of US$ 186.93 million by 2030, growing at a CAGR of 5.25% during the forecast period 2024-2030.
The production of ethyl lactate is mainly concentrated in Europe and China. Corbion and Galactic from Europe can meet more than 50% of the world's demand of ethyl lactate. Compared with these two international giants, although the number of Chinese ethyl lactate manufacturers is large, their scale is generally smaller.
Industrial grade ethyl lactate is the most widely used product in the market. In 2023, global industrial-grade ethyl lactate sales reached 43,501 tons, accounting for 85.55% of the sales volume of the ethyl lactate market. At the same time, driven by the downstream market, the demand for electronic grade ethyl lactate will grow faster.
Report Scope
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.
The Ethyl Lactate market size, estimations, and forecasts are provided in terms of sales volume (Tons) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Ethyl Lactate market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Ethyl Lactate market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
Market Segmentation
This report covers the Ethyl Lactate segments by manufacturers, by Type, by Application, by region and country, and provides market size (value, volume and average price) and CAGR for the history and forecast period (2019-2023, 2024-2030), considering 2023 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
By Company
- Corbion
- Galactic
- Musashino Chemical Laboratory
- Vertec BioSolvents
- Godavari
- Yancheng Huade Biological Engineering
- Yancheng Hongtai Bioengineering
- Henan Kangyuan Flavor
- Weishi County Flavor Factory
- Dancheng County Yuanda Industry & Commerce
- Shenzhen Esun Industrial
- Henan Jindan
Segment by Type
- Industrial Grade
- Electronic Grade
Segment by Application
- Food and Beverage
- Pharmaceuticals and Pesticides
- Paints and Coatings
- Electronics Industry
- Industrial Solvents
- Others
By Region
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Southeast Asia
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Latin America
- Mexico
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
Chapter Outline
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Two: Detailed analysis of Ethyl Lactate manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Ethyl Lactate in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Table of Contents
1 Ethyl Lactate Market Overview
- 1.1 Ethyl Lactate Product Overview
- 1.2 Ethyl Lactate Market by Type
- 1.2.1 Industrial Grade
- 1.2.2 Electronic Grade
- 1.3 Global Ethyl Lactate Market Size by Type
- 1.3.1 Global Ethyl Lactate Market Size Overview by Type (2019-2030)
- 1.3.2 Global Ethyl Lactate Historic Market Size Review by Type (2019-2024)
- 1.3.3 Global Ethyl Lactate Forecasted Market Size by Type (2025-2030)
- 1.4 Key Regions Market Size by Type
- 1.4.1 North America Ethyl Lactate Sales Breakdown by Type (2019-2024)
- 1.4.2 Europe Ethyl Lactate Sales Breakdown by Type (2019-2024)
- 1.4.3 Asia-Pacific Ethyl Lactate Sales Breakdown by Type (2019-2024)
- 1.4.4 Latin America Ethyl Lactate Sales Breakdown by Type (2019-2024)
- 1.4.5 Middle East and Africa Ethyl Lactate Sales Breakdown by Type (2019-2024)
2 Ethyl Lactate Market Competition by Company
- 2.1 Global Top Players by Ethyl Lactate Sales (2019-2024)
- 2.2 Global Top Players by Ethyl Lactate Revenue (2019-2024)
- 2.3 Global Top Players by Ethyl Lactate Price (2019-2024)
- 2.4 Global Top Manufacturers Ethyl Lactate Manufacturing Base Distribution and Headquarters
- 2.5 Ethyl Lactate Market Competitive Situation and Trends
- 2.5.1 Ethyl Lactate Market Concentration Rate (2019-2024)
- 2.5.2 Global 3 and 5 Largest Manufacturers by Ethyl Lactate Sales and Revenue in 2023
- 2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Ethyl Lactate as of 2023)
- 2.7 Date of Key Manufacturers Enter into Ethyl Lactate Market
- 2.8 Key Manufacturers Ethyl Lactate Product Offered
- 2.9 Mergers & Acquisitions, Expansion
3 Ethyl Lactate Status and Outlook by Region
- 3.1 Global Ethyl Lactate Market Size and CAGR by Region: 2019 VS 2023 VS 2030
- 3.2 Global Ethyl Lactate Historic Market Size by Region
- 3.2.1 Global Ethyl Lactate Sales in Volume by Region (2019-2024)
- 3.2.2 Global Ethyl Lactate Sales in Value by Region (2019-2024)
- 3.2.3 Global Ethyl Lactate Sales (Volume & Value), Price and Gross Margin (2019-2024)
- 3.3 Global Ethyl Lactate Forecasted Market Size by Region
- 3.3.1 Global Ethyl Lactate Sales in Volume by Region (2025-2030)
- 3.3.2 Global Ethyl Lactate Sales in Value by Region (2025-2030)
- 3.3.3 Global Ethyl Lactate Sales (Volume & Value), Price and Gross Margin (2025-2030)
4 Ethyl Lactate by Application
- 4.1 Ethyl Lactate Market by Application
- 4.1.1 Food and Beverage
- 4.1.2 Pharmaceuticals and Pesticides
- 4.1.3 Paints and Coatings
- 4.1.4 Electronics Industry
- 4.1.5 Industrial Solvents
- 4.1.6 Others
- 4.2 Global Ethyl Lactate Market Size by Application
- 4.2.1 Global Ethyl Lactate Market Size Overview by Application (2019-2030)
- 4.2.2 Global Ethyl Lactate Historic Market Size Review by Application (2019-2024)
- 4.2.3 Global Ethyl Lactate Forecasted Market Size by Application (2025-2030)
- 4.3 Key Regions Market Size by Application
- 4.3.1 North America Ethyl Lactate Sales Breakdown by Application (2019-2024)
- 4.3.2 Europe Ethyl Lactate Sales Breakdown by Application (2019-2024)
- 4.3.3 Asia-Pacific Ethyl Lactate Sales Breakdown by Application (2019-2024)
- 4.3.4 Latin America Ethyl Lactate Sales Breakdown by Application (2019-2024)
- 4.3.5 Middle East and Africa Ethyl Lactate Sales Breakdown by Application (2019-2024)
5 North America Ethyl Lactate by Country
- 5.1 North America Ethyl Lactate Historic Market Size by Country
- 5.1.1 North America Ethyl Lactate Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
- 5.1.2 North America Ethyl Lactate Sales in Volume by Country (2019-2024)
- 5.1.3 North America Ethyl Lactate Sales in Value by Country (2019-2024)
- 5.2 North America Ethyl Lactate Forecasted Market Size by Country
- 5.2.1 North America Ethyl Lactate Sales in Volume by Country (2025-2030)
- 5.2.2 North America Ethyl Lactate Sales in Value by Country (2025-2030)
6 Europe Ethyl Lactate by Country
- 6.1 Europe Ethyl Lactate Historic Market Size by Country
- 6.1.1 Europe Ethyl Lactate Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
- 6.1.2 Europe Ethyl Lactate Sales in Volume by Country (2019-2024)
- 6.1.3 Europe Ethyl Lactate Sales in Value by Country (2019-2024)
- 6.2 Europe Ethyl Lactate Forecasted Market Size by Country
- 6.2.1 Europe Ethyl Lactate Sales in Volume by Country (2025-2030)
- 6.2.2 Europe Ethyl Lactate Sales in Value by Country (2025-2030)
7 Asia-Pacific Ethyl Lactate by Region
- 7.1 Asia-Pacific Ethyl Lactate Historic Market Size by Region
- 7.1.1 Asia-Pacific Ethyl Lactate Market Size Growth Rate (CAGR) by Region: 2019 VS 2023 VS 2030
- 7.1.2 Asia-Pacific Ethyl Lactate Sales in Volume by Region (2019-2024)
- 7.1.3 Asia-Pacific Ethyl Lactate Sales in Value by Region (2019-2024)
- 7.2 Asia-Pacific Ethyl Lactate Forecasted Market Size by Region
- 7.2.1 Asia-Pacific Ethyl Lactate Sales in Volume by Region (2025-2030)
- 7.2.2 Asia-Pacific Ethyl Lactate Sales in Value by Region (2025-2030)
8 Latin America Ethyl Lactate by Country
- 8.1 Latin America Ethyl Lactate Historic Market Size by Country
- 8.1.1 Latin America Ethyl Lactate Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
- 8.1.2 Latin America Ethyl Lactate Sales in Volume by Country (2019-2024)
- 8.1.3 Latin America Ethyl Lactate Sales in Value by Country (2019-2024)
- 8.2 Latin America Ethyl Lactate Forecasted Market Size by Country
- 8.2.1 Latin America Ethyl Lactate Sales in Volume by Country (2025-2030)
- 8.2.2 Latin America Ethyl Lactate Sales in Value by Country (2025-2030)
9 Middle East and Africa Ethyl Lactate by Country
- 9.1 Middle East and Africa Ethyl Lactate Historic Market Size by Country
- 9.1.1 Middle East and Africa Ethyl Lactate Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
- 9.1.2 Middle East and Africa Ethyl Lactate Sales in Volume by Country (2019-2024)
- 9.1.3 Middle East and Africa Ethyl Lactate Sales in Value by Country (2019-2024)
- 9.2 Middle East and Africa Ethyl Lactate Forecasted Market Size by Country
- 9.2.1 Middle East and Africa Ethyl Lactate Sales in Volume by Country (2025-2030)
- 9.2.2 Middle East and Africa Ethyl Lactate Sales in Value by Country (2025-2030)
10 Company Profiles
- 10.1 Corbion
- 10.1.1 Corbion Company Information
- 10.1.2 Corbion Introduction and Business Overview
- 10.1.3 Corbion Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)
- 10.1.4 Corbion Ethyl Lactate Products Offered
- 10.1.5 Corbion Recent Development
- 10.2 Galactic
- 10.2.1 Galactic Company Information
- 10.2.2 Galactic Introduction and Business Overview
- 10.2.3 Galactic Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)
- 10.2.4 Galactic Ethyl Lactate Products Offered
- 10.3 Musashino Chemical Laboratory
- 10.3.1 Musashino Chemical Laboratory Company Information
- 10.3.2 Musashino Chemical Laboratory Introduction and Business Overview
- 10.3.3 Musashino Chemical Laboratory Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)
- 10.3.4 Musashino Chemical Laboratory Ethyl Lactate Products Offered
- 10.3.5 Musashino Chemical Laboratory Recent Development
- 10.4 Vertec BioSolvents
- 10.4.1 Vertec BioSolvents Company Information
- 10.4.2 Vertec BioSolvents Introduction and Business Overview
- 10.4.3 Vertec BioSolvents Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)
- 10.4.4 Vertec BioSolvents Ethyl Lactate Products Offered
- 10.4.5 Vertec BioSolvents Recent Development
- 10.5 Godavari
- 10.5.1 Godavari Company Information
- 10.5.2 Godavari Introduction and Business Overview
- 10.5.3 Godavari Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)
- 10.5.4 Godavari Ethyl Lactate Products Offered
- 10.6 Yancheng Huade Biological Engineering
- 10.6.1 Yancheng Huade Biological Engineering Company Information
- 10.6.2 Yancheng Huade Biological Engineering Introduction and Business Overview
- 10.6.3 Yancheng Huade Biological Engineering Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)
- 10.6.4 Yancheng Huade Biological Engineering Ethyl Lactate Products Offered
- 10.7 Yancheng Hongtai Bioengineering
- 10.7.1 Yancheng Hongtai Bioengineering Company Information
- 10.7.2 Yancheng Hongtai Bioengineering Introduction and Business Overview
- 10.7.3 Yancheng Hongtai Bioengineering Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)
- 10.7.4 Yancheng Hongtai Bioengineering Ethyl Lactate Products Offered
- 10.8 Henan Kangyuan Flavor
- 10.8.1 Henan Kangyuan Flavor Company Information
- 10.8.2 Henan Kangyuan Flavor Introduction and Business Overview
- 10.8.3 Henan Kangyuan Flavor Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)
- 10.8.4 Henan Kangyuan Flavor Ethyl Lactate Products Offered
- 10.9 Weishi County Flavor Factory
- 10.9.1 Weishi County Flavor Factory Company Information
- 10.9.2 Weishi County Flavor Factory Introduction and Business Overview
- 10.9.3 Weishi County Flavor Factory Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)
- 10.9.4 Weishi County Flavor Factory Ethyl Lactate Products Offered
- 10.10 Dancheng County Yuanda Industry & Commerce
- 10.10.1 Dancheng County Yuanda Industry & Commerce Company Information
- 10.10.2 Dancheng County Yuanda Industry & Commerce Introduction and Business Overview
- 10.10.3 Dancheng County Yuanda Industry & Commerce Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)
- 10.10.4 Dancheng County Yuanda Industry & Commerce Ethyl Lactate Products Offered
- 10.11 Shenzhen Esun Industrial
- 10.11.1 Shenzhen Esun Industrial Company Information
- 10.11.2 Shenzhen Esun Industrial Introduction and Business Overview
- 10.11.3 Shenzhen Esun Industrial Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)
- 10.11.4 Shenzhen Esun Industrial Ethyl Lactate Products Offered
- 10.11.5 Shenzhen Esun Industrial Recent Development
- 10.12 Henan Jindan
- 10.12.1 Henan Jindan Company Information
- 10.12.2 Henan Jindan Introduction and Business Overview
- 10.12.3 Henan Jindan Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)
- 10.12.4 Henan Jindan Ethyl Lactate Products Offered
- 10.12.5 Henan Jindan Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
- 11.1 Ethyl Lactate Key Raw Materials
- 11.1.1 Key Raw Materials
- 11.1.2 Key Raw Materials Price
- 11.1.3 Raw Materials Key Suppliers
- 11.2 Manufacturing Cost Structure
- 11.2.1 Raw Materials
- 11.2.2 Labor Cost
- 11.2.3 Manufacturing Expenses
- 11.3 Ethyl Lactate Industrial Chain Analysis
- 11.4 Ethyl Lactate Market Dynamics
- 11.4.1 Ethyl Lactate Industry Trends
- 11.4.2 Ethyl Lactate Market Drivers
- 11.4.3 Ethyl Lactate Market Challenges
- 11.4.4 Ethyl Lactate Market Restraints
12 Marketing Strategy Analysis, Distributors
- 12.1 Sales Channel
- 12.2 Ethyl Lactate Distributors
- 12.3 Ethyl Lactate Downstream Customers
13 Research Findings and Conclusion
14 Appendix
- 14.1 Research Methodology
- 14.1.1 Methodology/Research Approach
- 14.1.2 Data Source
- 14.2 Author Details
- 14.3 Disclaimer