As an important kind of organic
acid, lactic acid is widely used in industries of food, beverage, brewing,
spice, medicine, leather, cigarette, chemical engineering as well as printing
and dyeing. As the application areas of lactic acid and its derivatives expand
and the consumption increases, demand for lactic acid keeps increasing in China.
Lactic acid is also widely used as pH modifying agent in beer. Demand for
lactic acid continues to increase in food industry.
Polylactic acid is transformed
from lactic acid. It can transform industrial plastic products, food packaging
and nonwoven cloth to civil products, which can be further processed into
various textiles and sanitary products. The market possesses huge potential for
growth. Similar to the membrane made from polystyrene, polylactic acid provides
fine gloss and transparency which other biodegradable products cannot provide.
Major production regions of
lactic acid are the U.S.A., Western Europe, Japan and China while nearly 80% of
the manufacturers adopt zymotechnics in production. The production capacity of
lactic acid is concentrated in North America, Asia and Europe. The output
volume of lactic acid in Asia is the largest, accounting for 40% of the global
output volume, while North America is the largest consumer with the proportion
of 40% in the world. Lactic acid is widely used in many areas. In recent years,
as resources reserves decrease and people’s concern for environment protection
increases, degradable polylactic acid (PLA) made from lactic acid becomes the
new focus of global researchers, which promotes the development and production
of lactic acid, a green platform chemical.
In Chinese lactic acid industry,
only a few enterprises, such as COFCO Biochemical (Anhui) Co., Ltd., Henan
Jindan Lactic Acid Technology Co., Ltd. and Hebei Xinhua Limited Company, can
reach the annual production capacity of tens of thousands of tons. Most
enterprises have small scales and the annual production capacity of hundreds to
thousands of tons. Many enterprises announce plans of new projects with large
scales.
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A sound industry chain system is
formed in Chinese lactic acid industry. In terms of the constitution of
upstream and downstream industries, lactic acid manufacture industry is the
extension of raw material industry. The development of highend industry chain
from raw materials to products is partially realized.
In China, upstream raw material
for lactic acid is corn starch while downstream includes food, medicine,
cosmetic, and agricultural product industry. Industries with the largest
consumption of lactic acid are food and beverages with average annual growth
rate of 10%, including condiments, liquor and milk. Industrial application
areas are leather manufacture, microelectronics, electroplating industry and
PLA production.
The output volume of lactic acid
was 0.2 million tons in China in 2013 while the market size was CNY 1.7
billion. The global production capacity of PLA is expected to increase from
over 0.2 million tons in 2012 to 0.8 million tons in 2020 while that in Asia
will exceed 0.35 million tons, accounting for nearly 50% of the total. Many
Asian countries issue policies to support development of various biobased
materials while Asia produces a large amount of agricultural raw materials,
which both promote the development of PLA. However, demand for PLA remains low
in Asia, which indicates that most of the new production capacity is for
export. Many domestic manufacturers of PLA expand the production capacity as
market demand increases in China in recent years. Although the output volume of
polylactic acid was less than 20,000 tons in China in 2013, the production
capacity and output volume were increasing with major manufacturers like
Zhejiang Hisun Biomaterials Co., Ltd. and Nantong Jiuding Biological
Engineering Co., Ltd. It is predicted that the consumption of lactic acid in
the production of polylactic acid will increase in the next few years.
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Moreover, increase in downstream
demand for polylactic acid promotes the development of lactic acid market in
China. The demand in food and beverage market also stimulates growth in lactic
acid industry. In the U.S., lactic acid is mainly used as acidulant while the
demand in instant meat industry continues to grow. The demand for lactic acid
remains stable in food and beverage industry in Western Europe and Japan. The
demand for lactic acid in food and beverage market in China and other emerging
countries will increase promptly.
Through this report, the
readers can acquire the following information:
·
Major Manufacturers of Lactic Acid and
Polylactic Acid in China
·
Supply and Demand of Lactic Acid and Polylactic
Acid in China
·
Import and Export of Lactic Acid and Polylactic
Acid in China
·
Forecast on Development of China Lactic Acid and
Polylactic Acid Industry
The following enterprises and
people are recommended to purchase this report:
·
Manufacturers of Lactic Acid and Polylactic Acid
·
Downstream Manufacturers of Food, Beverage,
Medicine and Cosmetics
·
Investors/Research Institutes Concerned about
China Lactic Acid and Polylactic Acid Industry
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