North America Ethyl Lactate Market Size & Outlook, 2023-2030
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North America ethyl lactate market highlights
- The North America ethyl lactate market generated a revenue of USD 23.8 million in 2023.
- The market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, industrial grade was the largest revenue generating grade in 2023.
- Medical Grade is the most lucrative grade segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 23.8 million |
| Market revenue in 2030 | USD 31.4 million |
| Growth rate | 4.1% (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, North America region accounted for 35.8% of the global ethyl lactate market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 31.4 million by 2030.
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Ethyl Lactate Market Scope
Ethyl Lactate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aurochemicals | View profile | 11-50 | Washingtonville, New York, United States, North America | https://www.aurochemicals.com |
| Galactic | View profile | 101-250 | Escanaffles, Hainaut, Belgium, Europe | https://www.lactic.com |
| Vertec BioSolvents | View profile | 1-10 | West Chicago, Illinois, United States, North America | https://www.vertecbiosolvents.com |
| Godavari Biorefineries | View profile | 51-100 | Mumbai, Maharashtra, India, Asia | https://godavaribiorefineries.com |
| ADM | View profile | - | Chicago, Illinois, United States, North America | https://www.adm.com |
| Stepan Co | View profile | 2453 | 1101 Skokie Boulevard, Suite 500, Northbrook, IL, United States, 60062 | https://www.stepan.com |
| Corbion NV | View profile | 2727 | Piet Heinkade 127, Amsterdam, NH, Netherlands, 1019 GM | https://www.corbion.com |
North America 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 40.76% in 2023. Horizon Databook has segmented the North America ethyl lactate market based on food grade, medical grade, industrial grade covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of ethyl lactate market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America ethyl lactate market , including forecasts for subscribers. This continent databook contains high-level insights into North America ethyl lactate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America ethyl lactate market size, by country, 2018-2030 (US$M)
North America Ethyl Lactate Market Outlook Share, 2023 & 2030 (US$M)
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