Lactic Acid Prices in USA

• United States: 1285 USD/MT

In Q4 2023, U.S. lactic acid prices fell due to decreased demand from downstream industries and increased supply, influenced by lower interest rates and energy costs, stabilizing at $1285/MT.

The latest report by IMARC Group, titled "Lactic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the lactic acid price trend. This report delves into the price of Lactic Acid globally, presenting a detailed analysis, along with an informative Lactic Acid price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes lactic acid historical data to offer context and depth to the current pricing landscape. The report also explores the Lactic Acid demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasts, making this report an invaluable resource for industry stakeholders.

Lactic Acid Prices December 2023:

• United States: 1285 USD/MT
• India: 1070 USD/MT
• Netherlands: 1170 USD/MT

Report Offering: 

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The study delves into the factors affecting Lactic Acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Lactic Acid Price Trend- Q4 2023

The driving forces behind the lactic acid market are multifaceted, reflecting its widespread applications across various industries. Primarily, the surge in demand for biodegradable plastics, where lactic acid serves as a key monomer for producing polylactic acid (PLA), is propelling the market forward. This demand is underpinned by a growing global emphasis on sustainable and eco-friendly packaging solutions, particularly in the food and beverage sector. Additionally, the cosmetic and personal care industries contribute to the rising demand for lactic acid, valued for its exfoliating and pH-regulating properties. The healthcare sector's increasing use of lactic acid in pharmaceuticals and medical devices, coupled with its role in dietary supplements, further fuels its market growth. Innovations in production technologies that enhance efficiency and yield also play a crucial role, making lactic acid more accessible and cost-effective for a broader range of applications. These driving factors, combined with a heightened consumer awareness of environmental issues and a shift toward green chemicals, are setting a robust growth trajectory for the lactic acid market.

Lactic Acid Market Analysis

The global lactic acid market size reached US$ 3.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 7 Billion, at a projected CAGR of 8.20% during 2023-2032. The factors influencing lactic acid prices in the last quarter are deeply intertwined with global economic dynamics and supply chain nuances. A significant influencer has been the volatility in raw material prices, particularly corn and sugar, which are primary feedstocks for lactic acid production. Fluctuations in these commodity prices, driven by changes in global agricultural output and trade policies, have directly impacted production costs for lactic acid manufacturers. For instance, adverse weather conditions in key producing regions and trade disputes have led to supply constraints and price increases for these critical raw materials, subsequently exerting upward pressure on lactic acid prices.

Moreover, the energy sector's fluctuations have had a pronounced effect on lactic acid production costs. Energy is a significant operational cost component in the manufacturing process, with prices influenced by geopolitical tensions, regulatory changes, and shifts in global demand. The past quarter saw energy prices experiencing volatility, further contributing to the cost pressures on lactic acid production. Additionally, the global logistics and transportation landscape has faced challenges, including increased freight costs and longer lead times, amid a post-pandemic recovery phase. These logistical hurdles have impacted the supply chain efficiency and added to the overall cost structure, affecting lactic acid prices. Coupled with the robust demand from end-use industries, these supply chain and cost-related factors have collectively influenced lactic acid prices, marking a period of adjustment and recalibration in the market. In Q4 2023, the North American region experienced difficulties with lactic acid prices. Prices first increased in response to higher demand from downstream industries, but they began to decrease in the middle of the quarter as a result of negative market sentiment. The lactic acid market in the Asia-Pacific area had a number of factors that affected pricing and market dynamics in the fourth quarter of 2023. Prices were significantly affected by muted demand on the home and foreign fronts. The European lactic acid market had difficulties in the latter part of 2023. Prices on the market fell as a result of low demand and an abundance of supply. Particularly in the Netherlands, there was a decline in sales and new orders, which resulted in lower prices.

Key Points Covered in the Lactic Acid Pricing Report: 

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Lactic Acid Prices
• Lactic Acid Price Trend
• Lactic Acid Demand & Supply
• Lactic Acid Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Lactic Acid Price Analysis
• Lactic Acid Industry Drivers, Restraints, and Opportunities
• Lactic Acid News and Recent Developments
• Global Event Analysis
• List of Key Players

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Browse More Pricing Reports by IMARC Group: 

• Price of Guar Gum
• Price of Nitric Acid

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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