The Global Industrial Grade Ethyl Lactate Market was valued at USD 113 million in 2023 and is projected to reach USD 173.80 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.90% during the forecast period (2023–2032). This growth is driven by increasing demand for eco-friendly solvents across food processing, pharmaceuticals, and industrial applications as regulations tighten globally against toxic chemicals.
As industries transition toward sustainable chemistry solutions, ethyl lactate has emerged as a key bio-based solvent with superior performance characteristics. In this report, we profile the Top 10 Companies in the Industrial Grade Ethyl Lactate Market – a mix of chemical manufacturers, bio-refiners, and green chemistry innovators shaping the future of industrial solvents.
🔟 1. Corbion N.V.
Headquarters: Amsterdam, Netherlands
Key Offering: High-purity ethyl lactate, bio-based solvent solutions
Corbion is a global leader in sustainable biochemicals, producing ethyl lactate through advanced fermentation of renewable feedstocks. The company supplies pharmaceutical-grade and industrial-grade ethyl lactate to major end-use industries worldwide.
Sustainability Initiatives:
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100% bio-based production process
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Partnerships with major food and pharma companies
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Committed to carbon-neutral operations by 2050
Download FREE Sample Report: Industrial Grade Ethyl Lactate Market – View in Detailed Research Report
9️⃣ 2. Galactic
Headquarters: Brussels, Belgium
Key Offering: Galactic Ethyl Lactate, specialty bio-solvents
Galactic is a pioneer in lactic acid derivatives and a key ethyl lactate producer in Europe. The company focuses on high-performance, sustainable solvent solutions for food, pharmaceutical, and industrial applications.
Sustainability Initiatives:
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Circular production process using agricultural byproducts
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Investments in solvent recovery technologies
8️⃣ 3. Vertec BioSolvents
Headquarters: Rochester, New York, USA
Key Offering: VertecBio EL, bio-based solvent blends
Vertec BioSolvents specializes in next-generation green solvents, including high-performance ethyl lactate formulations. Their products serve the paints & coatings, cleaning products, and industrial degreasing markets.
Sustainability Initiatives:
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USDA Certified Biobased Product line
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Solvent recycling program with industrial partners
7️⃣ 4. Merck KGaA
Headquarters: Darmstadt, Germany
Key Offering: High-purity ethyl lactate for pharmaceuticals
Merck’s life science division produces pharmaceutical-grade ethyl lactate used as an excipient and solvent in drug formulations. The company maintains strict quality standards for its biopharma customers.
Sustainability Initiatives:
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Green chemistry research program
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Renewable energy use in manufacturing
Download FREE Sample Report: Industrial Grade Ethyl Lactate Market – View in Detailed Research Report
6️⃣ 5. Yancheng Hongtai Bioengineering Co.
Headquarters: Yancheng, China
Key Offering: Cost-effective ethyl lactate for industrial applications
As one of Asia’s largest ethyl lactate producers, Yancheng Hongtai supplies price-competitive bio-solvents to regional industrial markets, including electronics and agrochemical sectors.
Sustainability Initiatives:
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Localized production reducing transportation emissions
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Innovations in fermentation efficiency
5️⃣ 6. Jiangsu Tianyuan Biotechnology Co.
Headquarters: Huai’an, China
Key Offering: Industrial and food-grade ethyl lactate
This Chinese biochemical company has rapidly expanded its ethyl lactate capacity to serve domestic and export markets, particularly in food processing applications.
Sustainability Initiatives:
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Waste-to-value byproduct utilization
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Energy-efficient distillation processes
4️⃣ 7. Musashino Chemical Laboratory
Headquarters: Tokyo, Japan
Key Offering: Ultra-high purity ethyl lactate
Musashino specializes in premium-grade ethyl lactate for sensitive electronic and pharmaceutical applications, with rigorous quality control standards.
Sustainability Initiatives:
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Closed-loop solvent recovery systems
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Renewable energy-powered facilities
3️⃣ 8. Henan Kangyuan Chemical Co.
Headquarters: Zhengzhou, China
Key Offering: Bulk ethyl lactate for industrial uses
As a major Chinese chemical producer, Henan Kangyuan supplies cost-competitive ethyl lactate primarily to domestic industrial solvent markets.
Sustainability Initiatives:
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Process optimization to reduce water usage
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Byproduct valorization programs
2️⃣ 9. Godavari Biorefineries
Headquarters: Mumbai, India
Key Offering: Ethyl lactate from sugarcane byproducts
This Indian biorefinery produces ethyl lactate as part of its sugarcane-based chemical portfolio, serving regional pharmaceutical and food industries.
Sustainability Initiatives:
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Circular economy model using agricultural waste
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Carbon credit initiatives
1️⃣ 10. Synerzhem Inc.
Headquarters: Nantong, China
Key Offering: Specialty ethyl lactate formulations
Synerzhem develops customized ethyl lactate solutions for niche applications in electronics, coatings, and high-value chemical processes.
Sustainability Initiatives:
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Green chemistry research collaborations
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Low-waste production processes
Get Full Report Here: Industrial Grade Ethyl Lactate Market – View in Detailed Research Report
🌍 Outlook: The Future of Industrial Solvents Is Green
The ethyl lactate market is undergoing a significant transformation as industries shift away from petroleum-based solvents. While currently smaller than conventional solvent markets, bio-based alternatives like ethyl lactate are gaining traction due to regulatory pressures and corporate sustainability commitments.
📈 Key Trends Shaping the Market:
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Stringent VOC regulations in North America and Europe driving adoption
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Food & pharmaceutical industries prioritizing safer solvents
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Technological advancements improving production economics
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Emerging applications in electronics and specialty chemicals
Get Full Report Here: Industrial Grade Ethyl Lactate Market – View in Detailed Research Report
The companies profiled above are not only supplying essential industrial chemicals – they’re pioneering the transition to sustainable solvent solutions across global supply chains.
