D-Lactic Acid Market
D-Lactic Acid Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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D-Lactic Acid Market Size and Growth
The D-Lactic Acid market is experiencing significant growth, driven by increasing demand in food, pharmaceutical, and biodegradable plastics industries. As of 2023, the market size is estimated to exceed USD 250 million, with projections for steady expansion due to rising environmental awareness and advancements in production technologies.
Companies Covered
(Covid 19 Impact Covered)
◍ Teijin
◍ NatureWorks
◍ Synbra Technology
◍ Futerro
◍ Polysciences, Inc
◍ Uhde Inventa-Fischer AG
◍ Hisun Biomaterials
The D-Lactic Acid Market features key players like Teijin, NatureWorks, and Synbra Technology. These companies utilize D-lactic acid in bioplastics and pharmaceuticals, driving innovation and sustainability. For instance, NatureWorks reported sales of approximately $150 million, while Teijin's revenues contributed significantly to market growth through eco-friendly initiatives.
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Market Segmentation
By Application
Chiral Compound
Chemical Industry
Degradable Material
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By Product
Low Density
Middle Density
High Density
Market Growth
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$ X Billion USD
