Levulinic Acid Market is projected to reach USD 32.5 million by 2021, at a CAGR of 14.0% between 2016 and 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. However, with capacity expansion, the prices may go down.
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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 www.rnrmarketresearch.com/contacts…mple?rname=702968 .
Levulinic acid 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.
- Objectives of the Study
- Product Analysis
- Product Definition
- Product Properties
- Markets Covered
- Currency & Years Considered for the Study
Europe levulinic acid market is anticipated to grow at the highest CAGR between 2016 and 2021.
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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.
Report at www.rnrmarketresearch.com/contacts/702968 .
This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (37%); Tier 2 (13%) and Tier 3 (50%) companies were contacted for interviews.
The interviews were conducted with various key people such as C Level (50%), Directors Level (31%) and other (19%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (44%), Europe (31%), Asia-Pacific (19%), and Rest of the World (6%).
Major companies profiled in this 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.
Levulinic Acid Market by Application (Plasticizers, Pharmaceuticals & Cosmetics), Technology (Acid Hydrolysis, Biofine), and Region (North America, Europe, Asia-Pacific and Rest of the World) - Global Forecast to 2021 at www.rnrmarketresearch.com/contacts/?rname=702968
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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