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

Silicon Metal Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2537 | Report Format:

Global Silicon Metal Market: Overview In terms of mass, silicon is the 8th most common element in the cosmos and is the 2nd most plentiful element in the crust of the Earth. It is present naturally in the silicate minerals, comprising feldspar, mica, and silica, which are main constituents of co...Read More

Bio-plastics Market (Bio-PET, Starch Blends, PLA, Bio-PA, Bio-PE and Others) for Automotive, Construction, Packaging, Consumer Goods, Electrical & Electronics and Other Applications: Global Market Perspective, Comprehensive Analysis and Forecast, 2016 – 2022

Jan-2018 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-2533 | Report Format:

The report of the bio-plastics market provides the comprehensive glance on the global and regional level. The study provides historic data of 2014 to 2016 along with a forecast from 2017 to 2022 based revenue and volume. The study includes major driving forces and restraints for the bio-plastics m...Read More

Biochemical Reagents Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2532 | Report Format:

Global Biochemical Reagents Market: Overview Biochemical reagents are referred to as the organic compounds or biological material associated with clinical diagnostics, medical research reagents, and life science research. The basic constituents of organisms removed from the organism or synthesiz...Read More

Bath Salts Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2520 | Report Format:

Global Bath Salts Market: Overview Bath salts are minerals that are soluble in water and are added during bathing to the water. They are acknowledged to cure a range of diseases and are vastly advisable by the health professionals for use on a daily basis. They aid to lessen skin issues, enhance...Read More

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

Price : $ 3599.00 | Report Code: ZMR-2483 | Report Format:

Glutamic Acid Market: Overview The alternative name for the glutamic acid is proteinogenic amino acid. It is generally used in several protein compounds. They are found in the cereals, certain type of algae, meat, and soy protein. It is used in the processed food products for improving the flavo...Read More

Choose License Type:
Latest Published Reports

View All Published Reports