Levulinic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-1794 | Report Format : | Status : Upcoming |

Abstract

Global Levulinic Acid Market: Overview

Levulinic acid is an organic compound which is replacing petroleum-based products in different sectors such as biofuel and chemical industry. It is normally produced from biomass, manure, and brewery waste. It is the antecedent of biofuels and is derived from degradation of cellulose. Levulinic acid is used as a precursor in plasticizers, pharmaceuticals, and various other additives. It is produced by acidic hydrolysis of furfuryl alcohol, ozone-based oxidation of ketones, and hydrolyzing acetyl succinate esters. Levulinic acid is commonly formed by heating sucrose along with concentrated acid, during this process formic acid is also formed. It is soluble in ethanol, diethyl ether, and water but is insoluble in aliphatic hydrocarbons.

Global Levulinic Acid Market: Growth Factors

Levulinic acid is extensively used for manufacturing of PVC which is a better alternative for phthalate plasticizers; this factor is expected to drive the market. PVC is broadly used in the manufacturing of different products in varied industries such as packaging, healthcare, automotive, and others. Levulinic acid is less toxic as compared to phthalate plasticizers that can pose health concerns for children. It is used as pesticides and additives in the biofuel production and pharmaceutical manufacturing. Levulinic acid is also used in cigarettes to enhance the nicotine content. Bio-based production of levulinic acid is in huge quantity as there occurs a large price difference, thus its production quantity is much higher. Increasing spending on the R&D of manufacturing technology is anticipated to open new growth opportunities in coming years. However, substitution from alternatives of the synthetic chemical of levulinic acid is the major challenge before levulinic acid market.

Global Levulinic Acid Market: Segmentation

The levulinic acid market is categorized based on the application and region. The application segment is classified into pharmaceuticals, agriculture, food & beverages, cosmetics, and others. Geographically, the levulinic acid market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Global Levulinic Acid Market: Regional Analysis

North America is the largest region for the levulinic acid market with the highest consumption; Europe and Asia Pacific are following the same trend. Asia Pacific is developing at the fastest rate and manufacturers from the country of China are supplying the levulinic acid to European and the U.S. based downstream enterprises at reduced prices for their individual application. Levulinic acid is heavily used in various application areas in the European region, this is anticipated to fuel the market growth in future. Key manufacturers of levulinic acid are focusing on introducing innovative products, which is augmenting the levulinic acid market.

Global Levulinic Acid Market: Competitive Players

Major market players that are dominating the levulinic acid market are E. I. du Pont de Nemours and Company, GFBiochemicals, Ltd., Tokyo Chemical Industry Co. Ltd., Heroy Chemical Industry Co., Ltd., Biofine Technology LLC, Parchem Fine & Specialty Chemicals, and Segetis, Inc. Other prominent players include Hebei Langfang Triple Well Chemicals Co., Ltd., Apple Flavor & Fragrance Group Co., Ltd., and China Shijiazhuang Pharmaceutical Group Co. Ltd.

Global Levulinic Acid Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Insulating Paints And Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2072 | Report Format:

Insulating Paints And Coatings Market: Overview The insulating paints and coatings are used in order to reduce the carbon emission and usage of the energy. In the paints and coatings, additives are added so that it helps in reducing the heat that is absorbed by the roofs or buildings. They are a...Read More

Hexane Free Proteins Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2071 | Report Format:

Hexane Free Proteins Market: Overview The byproduct of the gasoline process is known as hexane. The hexane is used in the process of obtaining edible oils from the seeds and vegetables. According to the Environmental Protection Agency, hexane is an explosive, neurotoxic, synthetic, and a dangero...Read More

Retroreflective Material Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2063 | Report Format:

Global Retroreflective Material Market: Overview The retroreflective material provides enhancement in the vision of the objects, signage, traffic visibility, vehicle safely marking, high visibility in the clothing during nighttime and other road safety applications. Retroreflectivity is a phenom...Read More

Phthalocyanine Blue Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2062 | Report Format:

Global Phthalocyanine Blue Market: Overview The alternative names for the phthalocyanine blue are phthalo blue or monastral blue. It is mainly used as a pigment. Owing to its bright blue color it is widely being used in the paints and dyes. It is very helpful owing to its advanced qualities such...Read More

Protein Films Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2055 | Report Format:

Global Protein Films Market: Overview In the recent years, the protein films have received a huge demand owing to its advantages over the synthetic films. The protein films are used for the individual packaging of foods that are in small portions, especially the products that are not packed indi...Read More

Choose License Type: