“…In a recent revision (Bozell and Petersen, 2010), lactic acid has been included in the list of the new "Top 10" chemical opportunities for biorefinery carbohydrates, this based on the following criteria: the extensive recent literature about this molecule, its multiple product applicability, the fact that it is an existing commercial product with large production volumes, and its platform potential. Lactic acid market is greater than 300,000 t/year, with a price in the range of $1,300-1,500/t (Blanco et al, 2016). According to a recent market analysis (Grand View Research, 2017), the global lactic acid market size accounted for $2.08 billion in 2016 and it is expected to reach $9.8 billion by 2025.…”