The Global Ethyl Lactate Market was valued at US$ 88 Million in 2022 and is projected to reach US$ 109.3 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period (2023–2029). This growth is fueled by rising demand for biodegradable and non-toxic solvents across diverse industries, stringent environmental regulations phasing out conventional solvents, and expanding applications in electronics, pharmaceuticals, and food & beverage sectors.

As industries worldwide pivot toward sustainable and safer chemical alternatives, the focus intensifies on the key producers and innovators shaping the ethyl lactate landscape. In this blog, we profile the Top 10 Companies in the Ethyl Lactate Industry—a blend of established bio-chemical leaders and specialized manufacturers advancing the global green solvents market.

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🔟 1. Corbion N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: High-Purity Ethyl Lactate, PURASOLV® EL

Corbion is a global leader in sustainable biochemicals, producing high-purity lactic acid and its derivatives, including ethyl lactate. Their PURASOLV® EL is a high-performance, biodegradable solvent designed for demanding applications in electronics, coatings, and industrial cleaning, meeting the highest standards for purity and sustainability.

Innovation & Sustainability Focus:

• Expertise in fermentation technology for bio-based chemicals

• Strong commitment to circular economy principles

• Strategic partnerships to expand green solvent applications globally

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Ethyl Lactate Market – View in Detailed Research Report

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9️⃣ 2. Galactic

Headquarters: Brussels, Belgium
Key Offering: Galactic Ethyl Lactate, various grades (Food, Pharma, Industrial)

Galactic is a prominent producer of lactic acid and its esters, with a significant presence in the ethyl lactate market. The company supplies various grades of ethyl lactate tailored for specific industry needs, from high-purity pharmaceutical applications to robust industrial solvent uses.

Innovation & Sustainability Focus:

• Focus on developing bio-based alternatives to petrochemical solvents

• Investment in R&D for novel applications of lactate esters

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8️⃣ 3. Godavari Biorefineries Ltd.

Headquarters: Mumbai, India
Key Offering: Ethyl Lactate, Sugarcane-based Biochemicals

Godavari Biorefineries leverages its integrated sugarcane biorefinery to produce a range of sustainable chemicals, including ethyl lactate. Its position in India, a key growth market, allows it to serve both domestic and international demand for green solvents.

Innovation & Sustainability Focus:

• Utilization of renewable sugarcane feedstocks

• Expansion of biorefinery capacities to meet growing demand

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7️⃣ 4. Musashino Chemical Laboratory, Ltd.

Headquarters: Saitama, Japan
Key Offering: High-Grade Ethyl Lactate (Electronic, Pharmaceutical Grades)

Musashino Chemical Laboratory is a key player in the Asian ethyl lactate market, known for its high-quality products, particularly electronic and pharmaceutical grades. The company serves the precision-demanding microelectronics and pharmaceutical industries in Japan and across Asia.

Innovation & Sustainability Focus:

• Specialization in ultra-high-purity esters for sensitive applications

• Strong R&D focus on performance enhancement of green solvents

Download FREE Sample Report:
Ethyl Lactate Market – View in Detailed Research Report

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6️⃣ 5. Vertec BioSolvents Inc.

Headquarters: Amherst, New York, USA
Key Offering: VertecBio™ EL, Eco-friendly Solvent Blends

Vertec BioSolvents is a dedicated manufacturer of high-performance, bio-based solvents, with ethyl lactate being a cornerstone of its product portfolio. The company focuses on providing effective, sustainable replacements for hazardous solvents in industrial and coating applications.

Innovation & Sustainability Focus:

• Mission-driven focus on sustainability and environmental safety

• Development of custom solvent formulations for specific customer needs

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5️⃣ 6. Yancheng Hongtai Bioengineering Co., Ltd.

Headquarters: Yancheng, Jiangsu, China
Key Offering: Ethyl Lactate, Lactic Acid

Yancheng Hongtai Bioengineering is a significant Chinese manufacturer in the lactic acid derivatives market. The company produces ethyl lactate for both domestic consumption and export, contributing to the Asia-Pacific region’s growing market share.

Innovation & Sustainability Focus:

• Cost-effective production from bio-based feedstocks

• Expanding production capacity to capitalize on regional growth

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4️⃣ 7. Huade Biological Engineering Co., Ltd.

Headquarters: Henan, China
Key Offering: Industrial and Food Grade Ethyl Lactate

Huade Biological Engineering is another key Chinese producer, emphasizing the manufacturing of lactic acid and ethyl lactate. The company supplies a range of grades to cater to the diverse needs of the food, pharmaceutical, and general industrial sectors.

Innovation & Sustainability Focus:

• Focus on scaling production to meet global demand

• Adherence to international quality and safety standards

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3️⃣ 8. Henan Kangyuan Biological Technology Co., Ltd.

Headquarters: Henan, China
Key Offering: Ethyl Lactate, Lactic Acid

Henan Kangyuan specializes in the production of bio-based chemicals, including ethyl lactate. The company is part of China’s growing ecosystem of manufacturers supporting the global shift towards green chemistry solutions.

Innovation & Sustainability Focus:

• Integrated production from raw materials to finished esters

• Strategic focus on both domestic and international market expansion

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2️⃣ 9. Shenzhen Esun Industrial Co., Ltd.

Headquarters: Shenzhen, Guangdong, China
Key Offering: Esun™ Ethyl Lactate, Biodegradable Polymers & Chemicals

Shenzhen Esun is a diversified company known for its biodegradable plastics (PLA) and related biochemicals. Its production of ethyl lactate is synergistic with its core business, supporting a portfolio of sustainable products.

Innovation & Sustainability Focus:

• Integration of ethyl lactate production within a broader bio-plastics value chain

• Strong R&D in bio-refining processes

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1️⃣ 10. Jindan Lactic Acid Technology Co., Ltd.

Headquarters: Henan, China
Key Offering: Lactic Acid, Ethyl Lactate

Jindan Lactic Acid Technology is a specialized producer focusing on lactic acid and its derivatives. The company contributes to the global supply of ethyl lactate, particularly serving markets in Asia and beyond with competitive offerings.

Innovation & Sustainability Focus:

• Continuous improvement of production efficiency and product quality

• Expansion of product portfolio to include higher-value lactate esters

Get Full Report Here:
Ethyl Lactate Market – View in Detailed Research Report

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🌍 Outlook: The Future of Ethyl Lactate Is Sustainable and High-Growth

The ethyl lactate market is undergoing a significant transformation, driven by the global push for sustainability. As regulatory pressure against Volatile Organic Compounds (VOCs) and hazardous solvents intensifies, ethyl lactate stands out as a versatile, safe, and effective alternative.

📈 Key Trends Shaping the Market:

• Stringent environmental regulations (e.g., REACH, TSCA) phasing out traditional solvents

• Growing adoption in microelectronics for precision cleaning applications

• Increasing use as a green extraction solvent in the food and pharmaceutical industries

• R&D into cost-effective production methods to enhance market competitiveness

Get Full Report Here:
Ethyl Lactate Market – View in Detailed Research Report

The companies listed above are not only supplying a crucial green solvent—they are actively enabling the transition to a safer and more sustainable chemical industry.