Research Nester published a report titled “D-lactic Acid Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global D-lactic acid market in terms of market segmentation by concentration, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global D-lactic acid market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of application into medicine, pesticide, chemicals, and other, out of which, the pesticides segment is anticipated to hold a substantial share over the forecast period on account of growing demand for pesticides, amongst other agrochemicals, in the agriculture industry. Moreover, increasing adoption of biopesticide is expected to boost the segment growth.
D-lactic acid is an enantiomer of lactic acid, which is toxic in nature. The global D-lactic acid market is estimated to witness growth on the back of increasing demand for organic pesticides in the agriculture industry. Moreover, growing use of pesticides across the world is anticipated to fuel the market growth. Over 4 million metric tons of pesticides were used for agriculture, globally. Additionally, its solubility in water, as well as ethanol is estimated to promote the growth of the market.
On the basis of geographical analysis, the global D-lactic acid market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period, owing to the high demand for pesticides in the region. According to the data by the Food Agriculture Organization (FAO), the Asia region accounted for more than 50% of the global pesticide consumption, in 2018.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Use of D-lactic Acid as Organic Pesticide to Propel the Market Growth
D-lactic acid has the potency to hamper metabolism in living organisms, which can be cidal for insects and other microorganisms. This property of the acid makes it ideal for using as an organic pesticide. Moreover, lactic acid has very low effect on the environment, which makes it an eco-friendly alternative to chemical pesticides. Such factors are anticipated to boost the market growth.
However, lower cost of inorganic pesticides than organic lactic acid-based pesticides is expected to operate as key restraint to the growth of global D-lactic acid market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global D-lactic acid market which includes company profiling of BASF SE, Isagro S.p.A, Corbion NV, Archer-Daniels-Midland Company (ADM), Lallemand Inc., GALACTIC Group, Tate & Lyle PLC, Musashino Chemical Laboratory, Ltd., Juneng Golden Corn Co. Ltd., and Yancheng Huade (Dancheng) Biological Engineering Co., Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global D-lactic acid market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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