Global Propyl Lactate Market is expected
to grow at a significant CAGR in the upcoming years as the scope and its
applications are rising enormously across the globe. Propyl lactate is termed
as a propyl ester of natural lactic acid that is formed by fermentation from
sugar. It is also known as Propanoic acid, 2-hydroxy-, propyl ester; N-propyl
lactate, propyl 2-hydroxypropanoate. Its molecular formula is C6H12O3 and
molecular weight is 132.159 g/mol. It is colorless and clear liquid with a mild
odor and low volatility. At room temperature, it is soluble in water as well as
organic solvents. It is exclusively used as a flavoring agent and food
additive. The 2D chemical structure of Propyl lactate is known as a skeletal
formula. On the other hand, the 3D chemical structure is known as a ball-and-stick
model.
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Propyl Lactate Market at : https://www.millioninsights.com/industry-reports/propyl-lactate-market
Propyl Lactate Market is
segmented based on product types, applications, and region. Product types such
as L-Type Propyl Lactate and D-Type Propyl Lactate classify Propyl Lactate
Industry. Applications into Electronics, Paints & Inks, Agrochemicals, and
others classify this Market. Propyl Lactate Market is segmented geographically
into Americas (North America, Latin America), Europe (Eastern Europe, Western
Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, Asia Pacific accounts
for the largest market share of Propyl Lactate Market and is estimated to lead
the overall market in the years to come. The reason being, the presence of key
manufacturers in the region. The developing regions like China and India are
the major consumers of Propyl Lactate Industry in this region, as rising demand
from electronics, agrochemicals sectors.
The key players of Propyl Lactate
Market are PianguanShenxia, Galactic, Yibang Industry & Commerce, and Huade
Biological Engineering. These players are concentrating on inorganic growth to
sustain themselves amongst fierce competition. As such, mergers, acquisitions,
and joint ventures are the need of the hour.
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Detailed TOC of Propyl
Lactate Market Forecast to 2022:
1 Industry Overview
2 Competition by Manufacturers
3 Capacity, Production, Revenue (Value) by Region (2012-2017)
4 Supply (Production), Consumption, Export, Import by Region
(2012-2017)
5 Company Basic Information, Manufacturing Base, Sales Area
and Its Competitors
6 Industrial Chain, Sourcing Strategy and Downstream Buyers
7 Marketing Strategy Analysis, Distributors/Traders
8 Market Effect Factors Analysis
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