Global Ethyl Lactate Market Size & Outlook, 2023-2030
Global ethyl lactate market, 2018-2030 (US$M)
Related Markets
Global ethyl lactate market highlights
- The global ethyl lactate market generated a revenue of USD 66.5 million in 2023 and is expected to reach USD 86.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 3.7% by 2030.
- In terms of segment, industrial grade accounted for a revenue of USD 26.5 million in 2023.
- Medical Grade is the most lucrative grade segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 66.5 million |
| Market revenue in 2030 | USD 86.0 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Industrial grade |
| Fastest growing segment | Medical Grade |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food Grade, Medical Grade, Industrial Grade |
Other key industry trends
- In terms of revenue, the North America accounted for 35.8% of the global ethyl lactate market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 1.2 million by 2030.
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Ethyl Lactate Market Scope
Ethyl Lactate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global ethyl lactate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ethyl lactate market will help companies and investors design strategic landscapes.
Industrial grade was the largest segment with a revenue share of 39.85% in 2023. Horizon Databook has segmented the Global ethyl lactate market based on food grade, medical grade, industrial grade covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Ethyl Lactate Grade Outlook (Revenue, USD Million, 2018-2030)
- Food Grade
- Medical Grade
- Industrial Grade
- Global Ethyl Lactate Application Outlook (Revenue, USD Million, 2018-2030)
- Solvent
- Additive
- Fragrances
- APIs & Drug Carriers
- Global Ethyl Lactate End Use Outlook (Revenue, USD Million, 2018-2030)
- Paints & Coatings
- Food & Beverages
- Pharmaceuticals
- Personal Care & Cosmetics
- Other
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Target buyers of Global ethyl lactate market databook
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Our clientele includes a mix of ethyl lactate market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global ethyl lactate market , including forecasts for subscribers. This global databook contains high-level insights into Global ethyl lactate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global ethyl lactate market size, by regions, 2018-2030 (US$M)
Top 10 countries: Ethyl lactate market size, 2023 (US$M)
Global ethyl lactate market share, by grade, 2023 & 2030 (%, US$M)
Ethyl lactate market: Opportunity assessment by country
Global ethyl lactate market, by region, 2023 (US$M)
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