Global Lactic Acid Market to 2022 Size,Share,Growth, Trends and Forecast,By Credence Research

In 2014, North America is the largest market for lactic acid and accounted for more than 40% share of the market pie in terms of revenue and volume. Globally, the U.S. is the largest market for lactic acid and is driven by the growing PLA market. Rising demand for PLA in food packaging applications and other industrial application continues to increase. Moreover, new applications such as three-dimensional printing filament are emerging. European market is driven by food and beverages application. Currently, the region is mainly dependent on imports to meet the rising demand as it has limited production capacity of PLA.