The lactic acid market is highly concentrated. The expansion of polylactic acid production capacity drives the growth of lactic acid demand.

Lactic acid, also known as 2-hydroxypropionic acid, is the most widespread hydroxy acid in nature. It was first discovered by Swedish scientist Scheele in 1780. Lactic acid is the smallest chiral molecule in nature. It exists in nature in the form of two stereoisomers, namely left-handed L-lactic acid and right-handed D-lactic acid. L-lactic acid and…