Butyl lactate appears as a clear colorless liquid with a mild odor. In an industrial context, n-butyl lactate is used as a solvent and as a chemical feedstock. It is used as a dairy-related flavoring agent.
This report contains market size and forecasts of Butyl Lactate in global, including the following market information:
Global Butyl Lactate Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Butyl Lactate Market Sales, 2017-2022, 2023-2028, (Kiloton)
Global top five Butyl Lactate companies in 2021 (%)
The global Butyl Lactate market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Food Grade Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Butyl Lactate include Corbion, Galactic, Godavari Biorefineries, Musashino Chemical Laboratory, Vertec BioSolvents, Yancheng Hongtai Bioengineering, Huade Biological Engineering, Henan Kangyuan and Haijianuo Bioengineer and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Butyl Lactate manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Butyl Lactate Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Butyl Lactate Market Segment Percentages, by Type, 2021 (%)
Food Grade
Industrial Grade
Global Butyl Lactate Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Butyl Lactate Market Segment Percentages, by Application, 2021 (%)
Food & Beverage
Spices
Synthetic Resin
Industrial Solvent
Other
Global Butyl Lactate Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Butyl Lactate Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Butyl Lactate revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Butyl Lactate revenues share in global market, 2021 (%)
Key companies Butyl Lactate sales in global market, 2017-2022 (Estimated), (Kiloton)
Key companies Butyl Lactate sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Corbion
Galactic
Godavari Biorefineries
Musashino Chemical Laboratory
Vertec BioSolvents
Yancheng Hongtai Bioengineering
Huade Biological Engineering
Henan Kangyuan
Haijianuo Bioengineer
Jindan Lactic Acid