Global Ethyl Lactate Market Report, History and Forecast 2019-2030

• Description
• Table of Contents
• Table of Figures
• PDF Download

• Description
• Table of Contents
• Table of Figures
• PDF Download

The global market for Ethyl Lactate was estimated at US$ 137.21 million in the year 2023, and is projected to reach a revised size of US$ 186.93 million by 2030, growing at a CAGR of 5.25% during the forecast period 2024-2030.

The production of ethyl lactate is mainly concentrated in Europe and China. Corbion and Galactic from Europe can meet more than 50% of the world's demand of ethyl lactate. Compared with these two international giants, although the number of Chinese ethyl lactate manufacturers is large, their scale is generally smaller.

Industrial grade ethyl lactate is the most widely used product in the market. In 2023, global industrial-grade ethyl lactate sales reached 43,501 tons, accounting for 85.55% of the sales volume of the ethyl lactate market. At the same time, driven by the downstream market, the demand for electronic grade ethyl lactate will grow faster.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Ethyl Lactate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Ethyl Lactate.

The Ethyl Lactate market size, estimations, and forecasts are provided in terms of sales volume (Tons) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Ethyl Lactate market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Ethyl Lactate market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

Market Segmentation
This report covers the Ethyl Lactate segments by manufacturers, by Type, by Application, by region and country, and provides market size (value, volume and average price) and CAGR for the history and forecast period (2019-2023, 2024-2030), considering 2023 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.

Chapter Outline
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Two: Detailed analysis of Ethyl Lactate manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Ethyl Lactate in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.

 1 Ethyl Lactate Market Overview	1
    1.1 Ethyl Lactate Product Overview	1
    1.2 Ethyl Lactate Market by Type	3
        1.2.1 Industrial Grade	3
        1.2.2 Electronic Grade	5
    1.3 Global Ethyl Lactate Market Size by Type	7
        1.3.1 Global Ethyl Lactate Market Size Overview by Type (2019-2030)	7
        1.3.2 Global Ethyl Lactate Historic Market Size Review by Type (2019-2024)	9
        1.3.3 Global Ethyl Lactate Forecasted Market Size by Type (2025-2030)	10
    1.4 Key Regions Market Size by Type	12
        1.4.1 North America Ethyl Lactate Sales Breakdown by Type (2019-2024)	12
        1.4.2 Europe Ethyl Lactate Sales Breakdown by Type (2019-2024)	13
        1.4.3 Asia-Pacific Ethyl Lactate Sales Breakdown by Type (2019-2024)	15
        1.4.4 Latin America Ethyl Lactate Sales Breakdown by Type (2019-2024)	17
        1.4.5 Middle East and Africa Ethyl Lactate Sales Breakdown by Type (2019-2024)	19

 2 Ethyl Lactate Market Competition by Company	22
    2.1 Global Top Players by Ethyl Lactate Sales (2019-2024)	22
    2.2 Global Top Players by Ethyl Lactate Revenue (2019-2024)	23
    2.3 Global Top Players by Ethyl Lactate Price (2019-2024)	25
    2.4 Global Top Manufacturers Ethyl Lactate Manufacturing Base Distribution and Headquarters	26
    2.5 Ethyl Lactate Market Competitive Situation and Trends	26
        2.5.1 Ethyl Lactate Market Concentration Rate (2019-2024)	26
        2.5.2 Global 3 and 5 Largest Manufacturers by Ethyl Lactate Sales and Revenue in 2023	27
    2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Ethyl Lactate as of 2023)	28
    2.7 Date of Key Manufacturers Enter into Ethyl Lactate Market	29
    2.8 Key Manufacturers Ethyl Lactate Product Offered	30
    2.9 Mergers & Acquisitions, Expansion	30

 3 Ethyl Lactate Status and Outlook by Region	32
    3.1 Global Ethyl Lactate Market Size and CAGR by Region: 2019 VS 2023 VS 2030	32
    3.2 Global Ethyl Lactate Historic Market Size by Region	32
        3.2.1 Global Ethyl Lactate Sales in Volume by Region (2019-2024)	32
        3.2.2 Global Ethyl Lactate Sales in Value by Region (2019-2024)	33
        3.2.3 Global Ethyl Lactate Sales (Volume & Value), Price and Gross Margin (2019-2024)	34
    3.3 Global Ethyl Lactate Forecasted Market Size by Region	34
        3.3.1 Global Ethyl Lactate Sales in Volume by Region (2025-2030)	34
        3.3.2 Global Ethyl Lactate Sales in Value by Region (2025-2030)	35
        3.3.3 Global Ethyl Lactate Sales (Volume & Value), Price and Gross Margin (2025-2030)	36

 4 Ethyl Lactate by Application	37
    4.1 Ethyl Lactate Market by Application	37
        4.1.1 Food and Beverage	37
        4.1.2 Pharmaceuticals and Pesticides	38
        4.1.3 Paints and Coatings	39
        4.1.4 Electronics Industry	40
        4.1.5 Industrial Solvents	42
        4.1.6 Others	43
    4.2 Global Ethyl Lactate Market Size by Application	43
        4.2.1 Global Ethyl Lactate Market Size Overview by Application (2019-2030)	44
        4.2.2 Global Ethyl Lactate Historic Market Size Review by Application (2019-2024)	46
        4.2.3 Global Ethyl Lactate Forecasted Market Size by Application (2025-2030)	48
    4.3 Key Regions Market Size by Application	50
        4.3.1 North America Ethyl Lactate Sales Breakdown by Application (2019-2024)	50
        4.3.2 Europe Ethyl Lactate Sales Breakdown by Application (2019-2024)	52
        4.3.3 Asia-Pacific Ethyl Lactate Sales Breakdown by Application (2019-2024)	54
        4.3.4 Latin America Ethyl Lactate Sales Breakdown by Application (2019-2024)	56
        4.3.5 Middle East and Africa Ethyl Lactate Sales Breakdown by Application (2019-2024)	58

 5 North America Ethyl Lactate by Country	61
    5.1 North America Ethyl Lactate Historic Market Size by Country	61
        5.1.1 North America Ethyl Lactate Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030	61
        5.1.2 North America Ethyl Lactate Sales in Volume by Country (2019-2024)	61
        5.1.3 North America Ethyl Lactate Sales in Value by Country (2019-2024)	62
    5.2 North America Ethyl Lactate Forecasted Market Size by Country	62
        5.2.1 North America Ethyl Lactate Sales in Volume by Country (2025-2030)	62
        5.2.2 North America Ethyl Lactate Sales in Value by Country (2025-2030)	63

 6 Europe Ethyl Lactate by Country	64
    6.1 Europe Ethyl Lactate Historic Market Size by Country	64
        6.1.1 Europe Ethyl Lactate Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030	64
        6.1.2 Europe Ethyl Lactate Sales in Volume by Country (2019-2024)	64
        6.1.3 Europe Ethyl Lactate Sales in Value by Country (2019-2024)	65
    6.2 Europe Ethyl Lactate Forecasted Market Size by Country	66
        6.2.1 Europe Ethyl Lactate Sales in Volume by Country (2025-2030)	66
        6.2.2 Europe Ethyl Lactate Sales in Value by Country (2025-2030)	67

 7 Asia-Pacific Ethyl Lactate by Region	68
    7.1 Asia-Pacific Ethyl Lactate Historic Market Size by Region	68
        7.1.1 Asia-Pacific Ethyl Lactate Market Size Growth Rate (CAGR) by Region: 2019 VS 2023 VS 2030	68
        7.1.2 Asia-Pacific Ethyl Lactate Sales in Volume by Region (2019-2024)	68
        7.1.3 Asia-Pacific Ethyl Lactate Sales in Value by Region (2019-2024)	69
    7.2 Asia-Pacific Ethyl Lactate Forecasted Market Size by Region	70
        7.2.1 Asia-Pacific Ethyl Lactate Sales in Volume by Region (2025-2030)	70
        7.2.2 Asia-Pacific Ethyl Lactate Sales in Value by Region (2025-2030)	71

 8 Latin America Ethyl Lactate by Country	73
    8.1 Latin America Ethyl Lactate Historic Market Size by Country	73
        8.1.1 Latin America Ethyl Lactate Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030	73
        8.1.2 Latin America Ethyl Lactate Sales in Volume by Country (2019-2024)	73
        8.1.3 Latin America Ethyl Lactate Sales in Value by Country (2019-2024)	74
    8.2 Latin America Ethyl Lactate Forecasted Market Size by Country	75
        8.2.1 Latin America Ethyl Lactate Sales in Volume by Country (2025-2030)	75
        8.2.2 Latin America Ethyl Lactate Sales in Value by Country (2025-2030)	75

 9 Middle East and Africa Ethyl Lactate by Country	77
    9.1 Middle East and Africa Ethyl Lactate Historic Market Size by Country	77
        9.1.1 Middle East and Africa Ethyl Lactate Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030	77
        9.1.2 Middle East and Africa Ethyl Lactate Sales in Volume by Country (2019-2024)	77
        9.1.3 Middle East and Africa Ethyl Lactate Sales in Value by Country (2019-2024)	78
    9.2 Middle East and Africa Ethyl Lactate Forecasted Market Size by Country	78
        9.2.1 Middle East and Africa Ethyl Lactate Sales in Volume by Country (2025-2030)	78
        9.2.2 Middle East and Africa Ethyl Lactate Sales in Value by Country (2025-2030)	79

 10 Company Profiles	81
    10.1 Corbion	81
        10.1.1 Corbion Company Information	81
        10.1.2 Corbion Introduction and Business Overview	81
        10.1.3 Corbion Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)	82
        10.1.4 Corbion Ethyl Lactate Products Offered	82
        10.1.5 Corbion Recent Development	84
    10.2 Galactic	84
        10.2.1 Galactic Company Information	84
        10.2.2 Galactic Introduction and Business Overview	85
        10.2.3 Galactic Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)	86
        10.2.4 Galactic Ethyl Lactate Products Offered	86
    10.3 Musashino Chemical Laboratory	87
        10.3.1 Musashino Chemical Laboratory Company Information	87
        10.3.2 Musashino Chemical Laboratory Introduction and Business Overview	87
        10.3.3 Musashino Chemical Laboratory Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)	88
        10.3.4 Musashino Chemical Laboratory Ethyl Lactate Products Offered	88
        10.3.5 Musashino Chemical Laboratory Recent Development	89
    10.4 Vertec BioSolvents	90
        10.4.1 Vertec BioSolvents Company Information	90
        10.4.2 Vertec BioSolvents Introduction and Business Overview	91
        10.4.3 Vertec BioSolvents Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)	91
        10.4.4 Vertec BioSolvents Ethyl Lactate Products Offered	91
        10.4.5 Vertec BioSolvents Recent Development	92
    10.5 Godavari	93
        10.5.1 Godavari Company Information	93
        10.5.2 Godavari Introduction and Business Overview	94
        10.5.3 Godavari Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)	94
        10.5.4 Godavari Ethyl Lactate Products Offered	95
    10.6 Yancheng Huade Biological Engineering	96
        10.6.1 Yancheng Huade Biological Engineering Company Information	96
        10.6.2 Yancheng Huade Biological Engineering Introduction and Business Overview	96
        10.6.3 Yancheng Huade Biological Engineering Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)	97
        10.6.4 Yancheng Huade Biological Engineering Ethyl Lactate Products Offered	97
    10.7 Yancheng Hongtai Bioengineering	99
        10.7.1 Yancheng Hongtai Bioengineering Company Information	99
        10.7.2 Yancheng Hongtai Bioengineering Introduction and Business Overview	99
        10.7.3 Yancheng Hongtai Bioengineering Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)	100
        10.7.4 Yancheng Hongtai Bioengineering Ethyl Lactate Products Offered	100
    10.8 Henan Kangyuan Flavor	101
        10.8.1 Henan Kangyuan Flavor Company Information	101
        10.8.2 Henan Kangyuan Flavor Introduction and Business Overview	102
        10.8.3 Henan Kangyuan Flavor Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)	102
        10.8.4 Henan Kangyuan Flavor Ethyl Lactate Products Offered	102
    10.9 Weishi County Flavor Factory	103
        10.9.1 Weishi County Flavor Factory Company Information	103
        10.9.2 Weishi County Flavor Factory Introduction and Business Overview	104
        10.9.3 Weishi County Flavor Factory Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)	104
        10.9.4 Weishi County Flavor Factory Ethyl Lactate Products Offered	105
    10.10 Dancheng County Yuanda Industry & Commerce	105
        10.10.1 Dancheng County Yuanda Industry & Commerce Company Information	105
        10.10.2 Dancheng County Yuanda Industry & Commerce Introduction and Business Overview	106
        10.10.3 Dancheng County Yuanda Industry & Commerce Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)	106
        10.10.4 Dancheng County Yuanda Industry & Commerce Ethyl Lactate Products Offered	107
    10.11 Shenzhen Esun Industrial	107
        10.11.1 Shenzhen Esun Industrial Company Information	107
        10.11.2 Shenzhen Esun Industrial Introduction and Business Overview	108
        10.11.3 Shenzhen Esun Industrial Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)	108
        10.11.4 Shenzhen Esun Industrial Ethyl Lactate Products Offered	109
        10.11.5 Shenzhen Esun Industrial Recent Development	115
    10.12 Henan Jindan	115
        10.12.1 Henan Jindan Company Information	115
        10.12.2 Henan Jindan Introduction and Business Overview	116
        10.12.3 Henan Jindan Ethyl Lactate Sales, Revenue and Gross Margin (2019-2024)	116
        10.12.4 Henan Jindan Ethyl Lactate Products Offered	117
        10.12.5 Henan Jindan Recent Development	117

 11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis	119
    11.1 Ethyl Lactate Key Raw Materials	119
        11.1.1 Key Raw Materials	119
        11.1.2 Key Raw Materials Price	120
        11.1.3 Raw Materials Key Suppliers	120
    11.2 Manufacturing Cost Structure	121
        11.2.1 Raw Materials	121
        11.2.2 Labor Cost	121
        11.2.3 Manufacturing Expenses	121
    11.3 Ethyl Lactate Industrial Chain Analysis	122
    11.4 Ethyl Lactate Market Dynamics	122
        11.4.1 Ethyl Lactate Industry Trends	122
        11.4.2 Ethyl Lactate Market Drivers	123
        11.4.3 Ethyl Lactate Market Challenges	124
        11.4.4 Ethyl Lactate Market Restraints	125

 12 Marketing Strategy Analysis, Distributors	126
    12.1 Sales Channel	126
    12.2 Ethyl Lactate Distributors	126
    12.3 Ethyl Lactate Downstream Customers	127

 13 Research Findings and Conclusion	128

 14 Appendix	129
    14.1 Research Methodology	129
        14.1.1 Methodology/Research Approach	129
        14.1.2 Data Source	132
    14.2 Author Details	135
    14.3 Disclaimer	136

Table 1. Major Company of Industrial Grade	4
Table 2. Major Company of Electronic Grade	6
Table 3. Global Ethyl Lactate Sales by Type: 2019 VS 2023 VS 2030 (US$ Million)	7
Table 4. Global Ethyl Lactate Sales by Type (2019-2024) & (Tons)	9
Table 5. Global Ethyl Lactate Sales Market Share in Volume by Type (2019-2024)	9
Table 6. Global Ethyl Lactate Sales by Type (2019-2024) & (US$ Million)	9
Table 7. Global Ethyl Lactate Sales Market Share in Value by Type (2019-2024)	10
Table 8. Global Ethyl Lactate Price by Type (2019-2024) & (US$/Ton)	10
Table 9. Global Ethyl Lactate Sales by Type (2025-2030) & (Tons)	10
Table 10. Global Ethyl Lactate Sales Market Share in Volume by Type (2025-2030)	11
Table 11. Global Ethyl Lactate Sales by Type (2025-2030) & (US$ Million)	11
Table 12. Global Ethyl Lactate Sales Market Share in Value by Type (2025-2030)	11
Table 13. Global Ethyl Lactate Price by Type (2025-2030) & (US$/Ton)	11
Table 14. North America Ethyl Lactate Sales by Type (2019-2024) & (Tons)	12
Table 15. North America Ethyl Lactate Sales by Type (2019-2024) & (US$ Million)	13
Table 16. Europe Ethyl Lactate Sales (Tons) by Type (2019-2024)	13
Table 17. Europe Ethyl Lactate Sales by Type (2019-2024) & (US$ Million)	14
Table 18. Asia-Pacific Ethyl Lactate Sales (Tons) by Type (2019-2024)	15
Table 19. Asia-Pacific Ethyl Lactate Sales by Type (2019-2024) & (US$ Million)	16
Table 20. Latin America Ethyl Lactate Sales (Tons) by Type (2019-2024)	17
Table 21. Latin America Ethyl Lactate Sales by Type (2019-2024) & (US$ Million)	18
Table 22. Middle East and Africa Ethyl Lactate Sales (Tons) by Type (2019-2024)	19
Table 23. Middle East and Africa Ethyl Lactate Sales by Type (2019-2024) & (US$ Million)	20
Table 24. Global Ethyl Lactate Sales by Company (2019-2024) & (Tons)	22
Table 25. Global Ethyl Lactate Sales Share by Company (2019-2024)	23
Table 26. Global Ethyl Lactate Revenue by Company (2019-2024) & (US$ Million)	24
Table 27. Global Ethyl Lactate Revenue Share by Company (2019-2024)	24
Table 28. Global Market Ethyl Lactate Price by Company (2019-2024) & (US$/Ton)	25
Table 29. Global Ethyl Lactate Top Manufacturers Manufacturing Base Distribution and Headquarters	26
Table 30. Global Ethyl Lactate Manufacturers Market Concentration Ratio (CR5)	27
Table 31. Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Ethyl Lactate as of 2023)	28
Table 32. Date of Key Manufacturers Enter into Ethyl Lactate Market	29
Table 33. Key Manufacturers Ethyl Lactate Product Type	30
Table 34. Mergers & Acquisitions, Expansion Plans	30
Table 35. Global Ethyl Lactate Market Size Comparison by Region (US$ Million): 2019 VS 2023 VS 2030	32
Table 36. Global Ethyl Lactate Sales by Region (2019-2024) & (Tons)	32
Table 37. Global Ethyl Lactate Sales Market Share in Volume by Region (2019-2024)	33
Table 38. Global Ethyl Lactate Sales by Region (2019-2024) & (US$ Million)	33
Table 39. Global Ethyl Lactate Sales Market Share in Value by Region (2019-2024)	33
Table 40. Global Ethyl Lactate Sales (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)	34
Table 41. Global Ethyl Lactate Sales by Region (2025-2030) & (Tons)	34
Table 42. Global Ethyl Lactate Sales Market Share in Volume by Region (2025-2030)	35
Table 43. Global Ethyl Lactate Sales by Region (2025-2030) & (US$ Million)	35
Table 44. Global Ethyl Lactate Sales Market Share in Value by Region (2025-2030)	35
Table 45. Global Ethyl Lactate Sales (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2025-2030)	36
Table 46. Global Ethyl Lactate Sales by Application: 2019 VS 2023 VS 2030 (US$ Million)	44
Table 47. Global Ethyl Lactate Sales by Application (2019-2024) & (Tons)	46
Table 48. Global Ethyl Lactate Sales Market Share in Volume by Application (2019-2024)	46
Table 49. Global Ethyl Lactate Sales by Application (2019-2024) & (US$ Million)	46
Table 50. Global Ethyl Lactate Sales Market Share in Value by Application (2019-2024)	47
Table 51. Global Ethyl Lactate Price by Application (2019-2024) & (US$/Ton)	47
Table 52. Global Ethyl Lactate Sales by Application (2025-2030) & (Tons)	48
Table 53. Global Ethyl Lactate Sales Market Share in Volume by Application (2025-2030)	48
Table 54. Global Ethyl Lactate Sales by Application (2025-2030) & (US$ Million)	49
Table 55. Global Ethyl Lactate Sales Market Share in Value by Application (2025-2030)	49
Table 56. Global Ethyl Lactate Price by Application (2025-2030) & (US$/Ton)	49
Table 57. North America Ethyl Lactate Sales by Application (2019-2024) & (Tons)	50
Table 58. North America Ethyl Lactate Sales by Application (2019-2024) & (US$ Million)	51
Table 59. Europe Ethyl Lactate Sales (Tons) by Application (2019-2024)	52
Table 60. Europe Ethyl Lactate Sales by Application (2019-2024) & (US$ Million)	53
Table 61. Asia-Pacific Ethyl Lactate Sales (Tons) by Application (2019-2024)	54
Table 62. Asia-Pacific Ethyl Lactate Sales by Application (2019-2024) & (US$ Million)	55
Table 63. Latin America Ethyl Lactate Sales (Tons) by Application (2019-2024)	56
Table 64. Latin America Ethyl Lactate Sales by Application (2019-2024) & (US$ Million)	57
Table 65. Middle East and Africa Ethyl Lactate Sales (Tons) by Application (2019-2024)	58
Table 66. Middle East and Africa Ethyl Lactate Sales by Application (2019-2024) & (US$ Million)	59
Table 67. North America Ethyl Lactate Market Size Growth Rate (CAGR) by Country (US$ Million): 2019 VS 2023 VS 2030	61
Table 68. North America Ethyl Lactate Sales by Country (2019-2024) & (Tons)	61
Table 69. North America Ethyl Lactate Sales Market Share in Volume by Country (2019-2024)	61
Table 70. North America Ethyl Lactate Sales by Country (2019-2024) & (US$ Million)	62
Table 71. North America Ethyl Lactate Sales Market Share in Value by Country (2019-2024)	62
Table 72. North America Ethyl Lactate Sales by Country (2025-2030) & (Tons)	62
Table 73. North America Ethyl Lactate Sales Market Share in Volume by Country (2025-2030)	62
Table 74. North America Ethyl Lactate Sales by Country (2025-2030) & (US$ Million)	63
Table 75. North America Ethyl Lactate Sales Market Share in Value by Country (2025-2030)	63
Table 76. Europe Ethyl Lactate Market Size Growth Rate (CAGR) by Country (US$ Million): 2019 VS 2023 VS 2030	64
Table 77. Europe Ethyl Lactate Sales by Country (2019-2024) & (Tons)	64
Table 78. Europe Ethyl Lactate Sales Market Share in Volume by Country (2019-2024)	65
Table 79. Europe Ethyl Lactate Sales by Country (2019-2024) & (US$ Million)	65
Table 80. Europe Ethyl Lactate Sales Market Share in Value by Country (2019-2024)	65
Table 81. Europe Ethyl Lactate Sales by Country (2025-2030) & (Tons)	66
Table 82. Europe Ethyl Lactate Sales Market Share in Volume by Country (2025-2030)	66
Table 83. Europe Ethyl Lactate Sales by Country (2025-2030) & (US$ Million)	67
Table 84. Europe Ethyl Lactate Sales Market Share in Value by Country (2025-2030)	67
Table 85. Asia-Pacific Ethyl Lactate Market Size Growth Rate (CAGR) by Region (US$ Million): 2019 VS 2023 VS 2030	68
Table 86. Asia-Pacific Ethyl Lactate Sales by Region (2019-2024) & (Tons)	68
Table 87. Asia-Pacific Ethyl Lactate Sales Market Share in Volume by Region (2019-2024)	69
Table 88. Asia-Pacific Ethyl Lactate Sales by Region (2019-2024) & (US$ Million)	69
Table 89. Asia-Pacific Ethyl Lactate Sales Market Share in Value by Region (2019-2024)	70
Table 90. Asia-Pacific Ethyl Lactate Sales by Region (2025-2030) & (Tons)	70
Table 91. Asia-Pacific Ethyl Lactate Sales Market Share in Volume by Region (2025-2030)	71
Table 92. Asia-Pacific Ethyl Lactate Sales by Region (2025-2030) & (US$ Million)	71
Table 93. Asia-Pacific Ethyl Lactate Sales Market Share in Value by Region (2025-2030)	71
Table 94. Latin America Ethyl Lactate Market Size Growth Rate (CAGR) by Country (US$ Million): 2019 VS 2023 VS 2030	73
Table 95. Latin America Ethyl Lactate Sales by Country (2019-2024) & (Tons)	73
Table 96. Latin America Ethyl Lactate Sales Market Share in Volume by Country (2019-2024)	73
Table 97. Latin America Ethyl Lactate Sales by Country (2019-2024) & (US$ Million)	74
Table 98. Latin America Ethyl Lactate Sales Market Share in Value by Country (2019-2024)	74
Table 99. Latin America Ethyl Lactate Sales by Country (2025-2030) & (Tons)	75
Table 100. Latin America Ethyl Lactate Sales Market Share in Volume by Country (2025-2030)	75
Table 101. Latin America Ethyl Lactate Sales by Country (2025-2030) & (US$ Million)	75
Table 102. Latin America Ethyl Lactate Sales Market Share in Value by Country (2025-2030)	76
Table 103. Middle East and Africa Ethyl Lactate Market Size Growth Rate (CAGR) by Country (US$ Million): 2019 VS 2023 VS 2030	77
Table 104. Middle East and Africa Ethyl Lactate Sales by Country (2019-2024) & (Tons)	77
Table 105. Middle East and Africa Ethyl Lactate Sales Market Share in Volume by Country (2019-2024)	77
Table 106. Middle East and Africa Ethyl Lactate Sales by Country (2019-2024) & (US$ Million)	78
Table 107. Middle East and Africa Ethyl Lactate Sales Market Share in Value by Country (2019-2024)	78
Table 108. Middle East and Africa Ethyl Lactate Sales by Country (2025-2030) & (Tons)	78
Table 109. Middle East and Africa Ethyl Lactate Sales Market Share by Country (2025-2030)	79
Table 110. Middle East and Africa Ethyl Lactate Sales by Country (2025-2030) & (US$ Million)	79
Table 111. Middle East and Africa Ethyl Lactate Sales Market Share in Value by Country (2025-2030)	79
Table 112. Corbion Company Information	81
Table 113. Corbion Introduction and Business Overview	81
Table 114. Corbion Ethyl Lactate Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)	82
Table 115. Corbion Ethyl Lactate Product	82
Table 116. Corbion Recent Development	84
Table 117. Galactic Company Information	84
Table 118. Galactic Introduction and Business Overview	85
Table 119. Galactic Ethyl Lactate Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)	86
Table 120. Galactic Ethyl Lactate Product	86
Table 121. Musashino Chemical Laboratory Company Information	87
Table 122. Musashino Chemical Laboratory Introduction and Business Overview	87
Table 123. Musashino Chemical Laboratory Ethyl Lactate Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)	88
Table 124. Musashino Chemical Laboratory Ethyl Lactate Product	88
Table 125. Musashino Chemical Laboratory Recent Development	89
Table 126. Vertec BioSolvents Company Information	90
Table 127. Vertec BioSolvents Introduction and Business Overview	91
Table 128. Vertec BioSolvents Ethyl Lactate Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)	91
Table 129. Vertec BioSolvents Ethyl Lactate Product	91
Table 130. Vertec BioSolvents Recent Development	92
Table 131. Godavari Company Information	93
Table 132. Godavari Introduction and Business Overview	94
Table 133. Godavari Ethyl Lactate Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)	94
Table 134. Godavari Ethyl Lactate Product	95
Table 135. Yancheng Huade Biological Engineering Company Information	96
Table 136. Yancheng Huade Biological Engineering Introduction and Business Overview	96
Table 137. Yancheng Huade Biological Engineering Ethyl Lactate Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)	97
Table 138. Yancheng Huade Biological Engineering Ethyl Lactate Product	97
Table 139. Yancheng Hongtai Bioengineering Company Information	99
Table 140. Yancheng Hongtai Bioengineering Introduction and Business Overview	99
Table 141. Yancheng Hongtai Bioengineering Ethyl Lactate Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)	100
Table 142. Yancheng Hongtai Bioengineering Ethyl Lactate Product	100
Table 143. Henan Kangyuan Flavor Company Information	101
Table 144. Henan Kangyuan Flavor Introduction and Business Overview	102
Table 145. Henan Kangyuan Flavor Ethyl Lactate Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)	102
Table 146. Henan Kangyuan Flavor Ethyl Lactate Product	102
Table 147. Weishi County Flavor Factory Company Information	103
Table 148. Weishi County Flavor Factory Introduction and Business Overview	104
Table 149. Weishi County Flavor Factory Ethyl Lactate Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)	104
Table 150. Weishi County Flavor Factory Ethyl Lactate Product	105
Table 151. Dancheng County Yuanda Industry & Commerce Company Information	105
Table 152. Dancheng County Yuanda Industry & Commerce Introduction and Business Overview	106
Table 153. Dancheng County Yuanda Industry & Commerce Ethyl Lactate Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)	106
Table 154. Dancheng County Yuanda Industry & Commerce Ethyl Lactate Product	107
Table 155. Shenzhen Esun Industrial Company Information	107
Table 156. Shenzhen Esun Industrial Introduction and Business Overview	108
Table 157. Shenzhen Esun Industrial Ethyl Lactate Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)	108
Table 158. Shenzhen Esun Industrial Ethyl Lactate Product	109
Table 159. Shenzhen Esun Industrial Recent Development	115
Table 160. Henan Jindan Company Information	115
Table 161. Henan Jindan Introduction and Business Overview	116
Table 162. Henan Jindan Ethyl Lactate Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)	116
Table 163. Henan Jindan Ethyl Lactate Product	117
Table 164. Henan Jindan Recent Development	117
Table 165. Raw Materials Key Suppliers Lists	120
Table 166. Ethyl Lactate Market Trends	122
Table 167. Ethyl Lactate Market Drivers	123
Table 168. Ethyl Lactate Market Challenges	124
Table 169. Ethyl Lactate Market Restraints	125
Table 170. Ethyl Lactate Distributors List	126
Table 171. Ethyl Lactate Downstream Customers	127
Table 172. Research Programs/Design for This Report	129
Table 173. Key Data Information from Secondary Sources	133
Table 174. Key Data Information from Primary Sources	134


List of Figures

Figure 1. Ethyl Lactate Product Picture	1
Figure 2. Global Ethyl Lactate Market Size, 2019 VS 2023 VS 2030 (US$ Million)	2
Figure 3. Global Ethyl Lactate Market Size Status and Outlook (2019-2030) & (US$ Million)	2
Figure 4. Global Ethyl Lactate Sales Status and Outlook (2019-2030) & (Tons)	3
Figure 5. Product Picture of Industrial Grade	4
Figure 6. Global Industrial Grade Sales YoY Growth (2019-2030) & (Tons)	5
Figure 7. Product Picture of Electronic Grade	5
Figure 8. Global Electronic Grade Sales YoY Growth (2019-2030) & (Tons)	6
Figure 9. Global Ethyl Lactate Sales by Type (2019-2030) & (US$ Million)	7
Figure 10. Global Ethyl Lactate Market Share by Type in 2023 & 2030	8
Figure 11. North America Ethyl Lactate Sales Market Share in Volume by Type in 2023	12
Figure 12. North America Ethyl Lactate Sales Market Share in Value by Type in 2023	13
Figure 13. Europe Ethyl Lactate Sales Market Share in Volume by Type in 2023	14
Figure 14. Europe Ethyl Lactate Sales Market Share in Value by Type in 2023	15
Figure 15. Asia-Pacific Ethyl Lactate Sales Market Share in Volume by Type in 2023	16
Figure 16. Asia-Pacific Ethyl Lactate Sales Market Share in Value by Type in 2023	17
Figure 17. Latin America Ethyl Lactate Sales Market Share in Volume by Type in 2023	18
Figure 18. Latin America Ethyl Lactate Sales Market Share in Value by Type in 2023	19
Figure 19. Middle East and Africa Ethyl Lactate Sales Market Share in Volume by Type in 2023	20
Figure 20. Middle East and Africa Ethyl Lactate Sales Market Share in Value by Type in 2023	21
Figure 21. The 3 and 5 Largest Manufacturers in the World: Market Share by Ethyl Lactate Revenue in 2023	27
Figure 22. Product Picture of Food and Beverage	37
Figure 23. Global Food and Beverage Sales YoY Growth (2019-2030) & (Tons)	38
Figure 24. Product Picture of Pharmaceuticals and Pesticides	38
Figure 25. Global Pharmaceuticals and Pesticides Sales YoY Growth (2019-2030) & (Tons)	39
Figure 26. Product Picture of Paints and Coatings	39
Figure 27. Global Paints and Coatings Sales YoY Growth (2019-2030) & (Tons)	40
Figure 28. Product Picture of Electronics Industry	41
Figure 29. Global Electronics Industry Sales YoY Growth (2019-2030) & (Tons)	41
Figure 30. Product Picture of Industrial Solvents	42
Figure 31. Global Industrial Solvents Sales YoY Growth (2019-2030) & (Tons)	42
Figure 32. Global Others Sales YoY Growth (2019-2030) & (Tons)	43
Figure 33. Global Ethyl Lactate Sales by Application (2019-2030) & (US$ Million)	44
Figure 34. Global Ethyl Lactate Market Share by Application in 2023 & 2030	45
Figure 35. North America Ethyl Lactate Sales Market Share in Volume by Application in 2023	51
Figure 36. North America Ethyl Lactate Sales Market Share in Value by Application in 2023	52
Figure 37. Europe Ethyl Lactate Sales Market Share in Volume by Application in 2023	53
Figure 38. Europe Ethyl Lactate Sales Market Share in Value by Application in 2023	54
Figure 39. Asia-Pacific Ethyl Lactate Sales Market Share in Volume by Application in 2023	55
Figure 40. Asia-Pacific Ethyl Lactate Sales Market Share in Value by Application in 2023	56
Figure 41. Latin America Ethyl Lactate Sales Market Share in Volume by Application in 2023	57
Figure 42. Latin America Ethyl Lactate Sales Market Share in Value by Application in 2023	58
Figure 43. Middle East and Africa Ethyl Lactate Sales Market Share in Volume by Application in 2023	59
Figure 44. Middle East and Africa Ethyl Lactate Sales Market Share in Value by Application in 2023	60
Figure 45. North East Asia Corn Prices in 2022-2023	120
Figure 46. Ethyl Lactate Manufacturing Cost Structure	121
Figure 47. Ethyl Lactate Industrial Chain Analysis	122
Figure 48. Bottom-up and Top-down Approaches for This Report	131
Figure 49. Data Triangulation	132
Figure 50. Key Executives Interviewed	134

The global market for Ethyl Lactate was estimated at US$ 137.21 million in the year 2023, and is projected to reach a revised size of US$ 186.93 million by 2030, growing at a CAGR of 5.25% during the forecast period 2024-2030.

The production of ethyl lactate is mainly concentrated in Europe and China. Corbion and Galactic from Europe can meet more than 50% of the world's demand of ethyl lactate. Compared with these two international giants, although the number of Chinese ethyl lactate manufacturers is large, their scale is generally smaller.

Industrial grade ethyl lactate is the most widely used product in the market. In 2023, global industrial-grade ethyl lactate sales reached 43,501 tons, accounting for 85.55% of the sales volume of the ethyl lactate market. At the same time, driven by the downstream market, the demand for electronic grade ethyl lactate will grow faster.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Ethyl Lactate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Ethyl Lactate.

The Ethyl Lactate market size, estimations, and forecasts are provided in terms of sales volume (Tons) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Ethyl Lactate market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Ethyl Lactate market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

Market Segmentation
This report covers the Ethyl Lactate segments by manufacturers, by Type, by Application, by region and country, and provides market size (value, volume and average price) and CAGR for the history and forecast period (2019-2023, 2024-2030), considering 2023 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.

Chapter Outline
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Two: Detailed analysis of Ethyl Lactate manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Ethyl Lactate in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.