Lactic Acid Market Growth Rate, Demands, Status And Application Forecast To 2027
Global Lactic Acid Market is valued to reach USD 3.5 Billion by 2020, growing at CAGR of 16.2% over the forecast period 2020-2026. Rising demand for anti-acne and anti-aging products, availability of convenient and easy-to-use skincare products for travelling are the factors anticipated to drive the market growth.
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Lactic acid enhances skin, providing it with lightening effect, accelerates exfoliation, and renews the cells. Rising emphasis on esthetic appeal among youth and increasing disposable income are major factors creating opportunities and driving the growth of the market. The demand for lactic acid is anticipated to increase in the food & beverage industry due to its increasing use as a flavoring agent and a preservative.
Segments Covered in the Report
The global corrosion protective coatings market has been segmented on the basis of types, applications, and regions
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By Applications
- Pharmaceutical
- Home & Personal Care
- Industrial Applications
- Food & Beverage
- Others
By Regions
· North America
· Europe
· Asia Pacific
· Middle East & Africa
· South America
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