The global lactic acid market was valued at USD 1.2 billion in 2020 and is expected to reach value of 2.5 billion by 2028, expanding at a CAGR of 12.5% during the forecast period. The global lactic acid market is highly driven by high demand for lactic acid and polylactic acid in end-user applications, rise in demand for alternative environment-friendly resources and technological advancements to encourage the production of lactic acid & polylactic acid.
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