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Global Lactic Acid Market Projected to More Than Double by 2036: Fact.MR forecasts 7.7% annual growth as biodegradable plastics, food preservation and high-purity chemical applications shape demand. October 13, 2026 — The global lactic acid market is projected to grow from USD 3.98 billion in 2026 to USD 8.37 billion by 2036, registering a compound annual growth rate (CAGR) of 7.7%, according to Fact.MR. The forecast reflects rising demand for lactic...0 Commentarii 0 Distribuiri 393 Views 0 previzualizare
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The Rise of Bio-Based Chemicals: Why Lactic Acid Is Becoming an Industrial Game-ChangerAccording to a new report by Polaris Market Research, the global lactic acid market was valued at USD 3.56 billion in 2024 and is projected to reach USD 7.51 billion by 2034, expanding at a CAGR of 7.8% over the forecast period. Growth is underpinned by rising demand for biodegradable plastics, expanding food and beverage applications, and increasing regulatory support for...0 Commentarii 0 Distribuiri 1K Views 0 previzualizare