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Jindan Lactic Acid Technology

hnjindan.com

Founded Year

2006

Stage

IPO | IPO

Date of IPO

4/22/2020

About Jindan Lactic Acid Technology

Jindan Lactic Acid Technology (300829.SZ) is a China-based company that develops and provides lactic acid and lactate by using corns.

Headquarters Location

8 Jindan Blvd Dancheng County

Zhoukou, Henan, 477150,

China

+86 0394-3196886

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Latest Jindan Lactic Acid Technology News

Lactic Acid Market to Reach USD 2.43 Billion by 2028 | Lactic Acid Industry Size, Share, Manufactures, Analysis and Forecast Report by Fortune Business Insights™

Jan 11, 2022

Henan Jindan Lactic Acid Technology Co. Ltd (Hertogenbosch, The Netherlands) Get a Sample PDF Brochure: Report Coverage The market report provides a rounded evaluation of the market segments. A wide-ranging study of the modern trends and impending opportunities in the market is offered in the report. It offers an exhaustive analysis of the regional insights and how they form the market in particular regions. The impact of the COVID-19 pandemic is mentioned for further comprehension of the conceivable threats in the market. The proficient strategies of the best players and how they accelerate the market growth are discussed in the following report Segmentation Based on raw materials, the global market is segregated into sugarcane, corn, yeast extract, and others. In terms of region, the market is bifurcated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Based on application, the market is classified into PLA, food & beverages, cosmetics & personal care, pharmaceutical, and others. PLA application segment is expected to be responsible for the principal market share during the mentioned period. PLA is a biodegradable thermoplastic polymer acquired from the fermentation of renewable resources such as sugarcane, cassava, corn, cassava, and potato. Drivers and Restraints Growing Cosmetic and Personal Care Industry to Drive Market Growth Lactic acid is used as a humectant, exfoliator, pH adjuster, and skin prepping agent in various beautifying and personal maintenance products. It smoothens, revitalizes, and sets an even skin texture while appearing firmer. It aids in declining the look of acne spots, wrinkles, and fine lines on the skin. Additionally, the product is incorporated in hair products because of its capability to reinforce fragile hair. Moreover, the upsurge in user consciousness and augmented disposable income are anticipated to amplify the demand for cosmetics and individual maintenance products and further thrust the market development. Moreover, the promptly increasing number of social media handlers, tailored ads, and celebrated social influencers recommending several cosmetic products through these mediums are expected to boost cosmetic and personal care products sales. Further, brands with online websites and e-commerce businesses such as Alibaba Express and Amazon have amplified online shopping, which, in turn, may bolster the demand for cosmetic and personal care products. This factor may boost the lactic acid market growth in the long term. Browse Detailed Research Insights with Table of Content: Rising Demand for Acid from Several Industries to Bolster Market Growth in North America North America held the largest lactic acid market share and controlled the global market in 2020. Rising demand for acid from the food & beverage, pharmaceutical, and cosmetics industries. The pharmaceutical segment is expected to develop as an outcome of R&D and developments in drug transfer systems. These improvements are then estimated to fuel the market growth. Europe is projected to display substantial development owing to increasing demand from the bioplastic industry. Escalating worries regarding the harmful impacts and ecological destruction of non-biodegradable plastics and ecological destruction is estimated to upsurge the demand for biodegradable plastics as a substitute. The Asia Pacific region is predicted to observe a considerable growth rate due to intensifying demand from the food & beverages industry. The requirement for food and beverage goods is further estimated to inflate as people's purchasing power and living standards progress. Competitive Landscape Bulk Development Strategies Applied by Players to Maintain Market Position Most of the crucial players are financing the acid's R&D activities to transform novel and reputable technologies. For example, in April 2019, Asahi Group, a Japanese brewery business, introduced the Asahi Quality and Innovations Co. (AQI) as it pursues to progress its proficiency in yeast and LAB and implement novel digital technologies. This R&D is expected to advance novel health food elements, generate fresh business, and decrease the general ecological impact. Key Industry Development June 202: Praj Industries Ltd. and Lygos, Inc. signed a Memorandum of Understanding (MOU) to develop the registered yeast of Lygos for the creation of the acid jointly. Major Table of Content For Lactic Acid Market: Introduction Qualitative Insights – Impact of COVID-19 on Global Lactic Acid Market Supply Chain Challenges Potential opportunities due to COVID-19 outbreak Inquire Before Buying This Report: Have a Look at Related Research News: Polylactic Acid Market to Reach USD 2,306,708.2 Thousand by 2028 | Growing Polylactic Acid Industry Share, Price and Forecast by Fortune Business Insights™ About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. Contact Us: 308, Supreme Headquarters,

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Jindan Lactic Acid Technology Frequently Asked Questions (FAQ)

  • When was Jindan Lactic Acid Technology founded?

    Jindan Lactic Acid Technology was founded in 2006.

  • Where is Jindan Lactic Acid Technology's headquarters?

    Jindan Lactic Acid Technology's headquarters is located at 8 Jindan Blvd, Zhoukou.

  • What is Jindan Lactic Acid Technology's latest funding round?

    Jindan Lactic Acid Technology's latest funding round is IPO.

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