The Global 2-hydroxypropionic Acid Market was valued at USD 567.8 million in 2024 and is projected to reach USD 789.4 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period (2024–2030). This growth is driven by escalating demand for biodegradable packaging, expanding applications in food preservation, and the global shift toward sustainable chemical alternatives across manufacturing sectors.

As industries worldwide transition toward eco-friendly solutions, 2-hydroxypropionic acid (lactic acid) has emerged as a critical raw material for polylactic acid (PLA) bioplastics, green solvents, and natural preservative systems. In this analysis, we profile the Top 10 Companies in the 2-hydroxypropionic Acid Industry—pioneers advancing sustainable chemistry through innovative production technologies and circular economy models.

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🔟 1. Corbion N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Food-grade lactic acid, PLA monomers, lactide intermediates

Market leader with 35% global production capacity, Corbion supplies high-purity lactic acid for bioplastics, food preservation, and pharmaceutical applications through proprietary fermentation processes.

Sustainability Milestones:

• 75% reduction in carbon emissions per ton since 2015

• 100% renewable energy at Thai production facility

• Closed-loop water systems recycling 95% of process water

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9️⃣ 2. NatureWorks LLC

Headquarters: Minnetonka, Minnesota, USA
Key Offering: Ingeo™ biopolymers, lactide technology

Cargill-PTT joint venture operating the world’s largest PLA facility (150,000 MT/year), with complete vertical integration from corn dextrose to finished biopolymer resins.

Sustainability Milestones:

• Achieved carbon-neutral production certification in 2022

• Responsible sourcing program covering 100% agricultural inputs

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8️⃣ 3. Galactic S.A.

Headquarters: Brussels, Belgium
Key Offering: PURAC® lactic acid, lactates, PLA precursors

Specialist in fermentation-derived acid for food, cosmetics and industrial applications, with manufacturing sites across three continents.

Sustainability Milestones:

• Zero-waste fermentation technology implementation

• Energy-efficient purification systems reducing energy use by 30%

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7️⃣ 4. Henan Jindan Lactic Acid Technology

Headquarters: Henan, China
Key Offering: Industrial & food-grade lactic acid

China’s second largest producer with 100,000 MT annual capacity, specializing in cost-competitive lactic acid for domestic and export markets.

Sustainability Milestones:

• Byproduct upcycling initiative diverting 90% of waste

• Waste heat recovery systems implementation

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Global 2-hydroxypropionic Acid Market – View in Detailed Research Report

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6️⃣ 5. COFCO Biochemical (Anhui)

Headquarters: Anhui, China
Key Offering: L/D-lactic acid isomers, PLA feedstocks

State-owned enterprise operating China’s most technically advanced fermentation facility, supplying domestic PLA manufacturers and global markets.

Sustainability Milestones:

• Agricultural waste utilization program reducing feedstock costs

• Industrial symbiosis network with local PLA producers

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5️⃣ 6. Musashino Chemical Laboratory

Headquarters: Tokyo, Japan
Key Offering: High-purity pharmaceutical & electronic-grade acid

Specialty producer serving high-value applications with patented purification technologies for optical purity lactic acid.

Sustainability Milestones:

• Green chemistry-certified production processes

• Low-temperature crystallization reducing energy demand

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4️⃣ 7. Wuhan Sanjiang Space Good Biotech

Headquarters: Hubei, China
Key Offering: Cost-competitive industrial lactic acid

Rapidly growing producer focusing on price leadership in technical-grade segments for Asian markets.

Sustainability Milestones:

• Advanced anaerobic wastewater treatment system

• Fermentation yield optimization program (+15% since 2022)

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3️⃣ 8. Shanxi Biochemical Co., Ltd.

Headquarters: Shanxi, China
Key Offering: Technical and feed-grade lactic acid

Domestic market specialist serving China’s growing demand for industrial-grade lactic acid applications.

Sustainability Milestones:

• Co-product development initiatives

• Energy efficiency retrofits across production lines

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2️⃣ 9. Jungbunzlauer Suisse AG

Headquarters: Basel, Switzerland
Key Offering: PURASAL® lactates, food-grade acid

Leader in natural preservative systems and food acidulants, with specialized fermentation capabilities.

Sustainability Milestones:

• Sustainably sourced raw material certification

• Biodegradable packaging solutions implementation

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1️⃣ 10. Shangdong Fullsail Biotechnology

Headquarters: Shandong, China
Key Offering: Industrial lactic acid and derivatives

Mid-sized producer expanding into higher value segments with 60,000 MT annual capacity.

Sustainability Milestones:

• Process optimization initiatives reducing water intensity

• Waste valorization projects converting byproducts

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Global 2-hydroxypropionic Acid Market – View in Detailed Research Report

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🌱 Outlook: The Sustainable Chemistry Transformation

The 2-hydroxypropionic acid landscape is undergoing fundamental changes as industries accelerate adoption of bio-based materials. While traditional food applications remain vital, the emergence of PLA bioplastics is reshaping market dynamics.

📈 Critical Industry Developments:

• Bioplastics projected to consume 40% of production by 2030

• Food industry’s clean-label movement boosting demand 15% annually

• Asia Pacific commanding 60% of new capacity investments

• Second-generation feedstock adoption reducing carbon footprints

Get Full Report Here:
Global 2-hydroxypropionic Acid Market – View in Detailed Research Report

The companies profiled represent the vanguard of sustainable chemistry, implementing technological and operational innovations that will define the industry’s low-carbon future.