CCM
China has a long history in the production of lactic acid, and has witnessed fast development in the past few years, playing an increasingly important role in global lactic acid supply. According to the data from China's industrial biotechnology development report released in 2009, China’s lactic acid output accounts for about 30% of the global total in 2008. However, after rapid expansion, the country’s lactic acid capacity has been surplus with limited domestic demand and slowing growth in export. For the export, China had witnessed rapid growth at CAGR of 65.87% from 2003 to 2005, then the growth began to slow down, amounting to 25,000 tonnes in 2008; while the import kept increasing with CAGR of 20.24% in 2003-2008, due to China’s increasing demand for high purity lactic acid. Facing current situation, how will Chinese manufacturers adjust their strategies to cope with the intense competition?
Given China’s overall lagged technology, the quality of Chinese lactic acid is poorer than that of developed countries. The majority of Chinese lactic acid manufacturers mainly produce DL-lactic acid, only a few manufacturers can produce high quality L-lactic acid. However, lactic acid production enjoys promising market potential in China. What are the potential commercial opportunities in China's lactic acid industry?
According to CCM’s investigation, lactic acid consumption in PLA has surpassed the food and beverages industry as the leading market for lactic acid globally. However, in China, food and beverage are still the major consumption fields, which accounts for 75.28% of China’s total consumption. For the consumption in PLA, it is drawing more and more attention in China. It is predicted that PLA industrialization in China is likely to achieve a breakthrough in recent years. What are China’s PLA situation now and its development trend?
Through explorations in above key aspects, you can find the answers to the following questions in the updated report.
- What is production situation of China's lactic acid in the past few years and in 2009?
- Who are the major manufacturers and exporters of lactic acid?
- What are the price trends of China's lactic acid?
- What's the import and export situation of lactic acid?
- What are the commercial opportunities in China's lactic acid industry?
- What are the key factors influencing the development of lactic acid industry?
- What are the development trends of lactic acid in the following five years, breakdown by output and demand?
Besides, basing on the original report finished in early 2007, CCM has carried out in-depth research and analysis on each active producer, as well as the whole industry to figure out the future development trend. Aspects as follows have been updated:
- Import and export analysis in 2008
- Latest consumption situation in China
- Industry competition and structure analysis
- Latest first-hand data of each producer
For deeper research and analysis, CCM has also focused on:
- Export/Import trend
- Domestic consumption trend
- Raw material supply and price trend in the past five years
- Production situation and future development trend
With the information covered in the report, readers can see the general production and consumption situation of lactic acid in China. It is recommended that cooperating with related enterprises in China to develop high purity L-lactic acid and reduce production cost is a good way.
For more information or to purchased this report, please contact Ms.Joy Cheung on +86 20 3876 7072 or at emarket2@cnchemicals.com
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