China’s lactic acid capacity and
output continued to grow at the respective CAGR of 22.7% and 28.7% in
2007-2011. But limited by market demand, the annual output of most vendors was
below their designed annual capacity with a high idle capacity rate. In
2010-2011, China’s idle annual capacity of lactic acid reached at least 110,000
tons. The capacity and output in 2012 were estimated to be 329,000 tons and
226,000 tons respectively, up 15% and 28.4% separately from 2011.
To
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Henan Jindan Lactic Acid Technology
and Chongqing Bofei Biochemical Products possess the largest lactic acid
capacity in China. In 2012, their combined capacity of the two totaled 175,000
tons, equivalent to 53.2% of China’s total lactic acid capacity. Each of other
lactic acid enterprises seizes the capacity of 10,000-30,000 tons averagely.
In China, the food and beverage
industry is accustomed to use lactic acid in condiments, liquor brewery
industry, milk processing and others. In 2012, the food and beverage industry
consumed about 161,000 tons of lactic acid, accounting for 49.2% of China's
total lactic acid consumption; 119,000 tons of lactic acid (36.1%) was applied
to leather manufacturing, microelectronics, electroplating industry, polylactic
acid production and other industrial fields.
By virtue of pollution-free,
degradability and alternative properties (polylactic acid can replace
petroleum-based materials excellently), polylactic acid has become one of the
most potential derivatives in China lactic acid industry. With the completion
of the technological transformation of most polylactic acid manufacturers and
the operation of new production lines, China’s polylactic acid capacity reached
85,500-102,000 tons in 2012. As a giant in China polylactic acid industry,
Hisun Biomaterials attained the polylactic acid capacity of approximately
30,000 tons in 2012 and it is building one 20,000 t / a polylactic acid
project.
Table of Content
1 Introduction to Lactic Acid and Derivatives
1.1 Definition of Lactic Acid
1.2 Chinese Industrial Policies about Lactic Acid and Derivatives
1.2.1 Lactic Acid
1.2.2 Polylactic Acid
2 Development of Global Lactic Acid and Derivative Industry
2.1 Competition Pattern
2.2 Market Supply and Demand
2.3 Outlook
3 Development of China Lactic Acid and Derivative Industry
3.1 Market Supply and Demand
3.2 Competition Pattern
3.3 Outlook
3.4 Application Prospect of Polylactic Acid
3.4.1 Pharmaceutical Field
3.4.2 Others
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