Ethyl Lactate Market Recent Trends, In-depth Analysis, Size and Forecast 2022 to 2030

The ethyl lactate market is projected to reach USD 3.43 billion by 2030, at a CAGR of 7.8% from USD 1.88 billion in 2022. In the coming years, the demand for ethyl lactate will increase due to its non-toxic and non-carcinogenic qualities in the personal care, cosmetic, and food and beverage industries. Eco-friendly solvent ethanol lactate has potential applications in supercritical fluid technologies, including high-pressure chemical reactions, carbon dioxide co-solvent precipitation, and supercritical extraction procedures.