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Levulinic acid market growing CAGR 14 % according to new research report

Industrial Market Research

Major companies profiled in Levinic Acid Market report are Biofine International Inc. (U.S.), Avantium (Netherlands), GF Biochemicals Ltd. (Italy), Langfang Triple Well Chemicals Co. Ltd (China), Simagchem Corporation (China), Hefei TNJ Chemical Industry Co., Ltd. (China), Great Chemicals Co. Ltd. (China), and Anhui Herman Impex Co. Ltd. (China), among others.

Download Brochure of Levulinic Acid Market spread across 113 pages, Profiling 8 companies and supported with 27 Tables and 52 Figures is now available at…mple?rname=702968 .

Levulinic Acid Market is projected to reach USD 32.5 million by 2021, at a CAGR of 14.0% between 2016and 2021. Increasing consumption of levulinic acid by pharmaceuticals and cosmetics industries is one of the significant factors driving the growth of the levulinic acid market.

High price due to low production volumes of levulinic acid is one of the key restraints for growth of the market.

Key Target Audience

  • Manufacturers of Levulinic Acid
  • Traders, Distributors, and Suppliers of Levulinic Acid
  • End-Use Industries Operating in Levulinic Acid Supply Chain
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Research and Consulting Firms
  • R&D Institutions
  • Environment Support Agencies
  • Investment Banks and Private Equity Firms

Levulinic acid market is an important bio-based platform chemical that is increasingly being used in several applications, owing to its exceptional performance as an anti-inflammatory and minerals supplement. Levulinic acid offers several advantages, such as increasing demand for biochemical across industries and regulations imposed by regulatory bodies, such as governments and environmental associations on use of petrochemical products.

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In Levulinic market addition, ketal esters, which are derivatives of levulinic acid, are expected to replace all phthalate-based plasticizers, as these are bio-based. This factor may lead to high demand for levulinic acid in the coming years with changing industry trends for green chemicals.

Levulinic Acid Market, By Technology

1 Introduction

2 Acid Hydrolysis Production Process

3 Biofine Production Process

4 Levulinic Acid as A Part of Green Technology

5 Levulinic Acid Derivatives and Applications

6 Existing and Potential Applications

7 Market Dynamics of Target Market

The Europe levulinic acid market is anticipated to grow at the highest CAGR between 2016 and 2021. This growth can be attributed to the increasing demand for levulinic acid by industries, such as plasticizers, pharmaceuticals, and cosmetics.

Germany is anticipated to lead the Europe levulinic acid market, in terms of consumption, during the forecast period.

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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.

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