A research study titled, “Levulinic Acid Market by potential downstream platform and application – global industry analysis and forecast to 2022”, published by crystal market research.
The Levulinic Acid Market was valued approximately USD 16.07 million in 2014 and is expected to reach around USD 45.36 million by 2022 with a compound annual growth rate (CAGR) of 12.02% over the forecast period, owing to levulinic acid’s potential of replacing phthalate plasticizers that are used for the production of PVC. Levulinic acid is also referred as 4-oxopentanoic acid. It is a natural compound that sorted as a keto acid. It is soluble in ethanol, diethyl ether, and water, however insoluble in aliphatic hydrocarbons and has a material form of crystalline white solid. In recent times, the requirement for sustainability has continuously impelled the chemical industry in the direction of exploring renewable biotechnology and chemistry to produce goods from bio-based reservoirs. Levulinic acid has been recognized as platform chemical since long.
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The global levulinic acid market is segmented as follows:
Levulinic Acid Market Assessment and Forecast, By Application, 2014-2022:
Agriculture (Organic potassium fertilizer DALA, 2–Methylindole-3-acetic acid)
Levulinic Acid Market Assessment and Forecast, By Potential Downstream Platform, 2014- 2022:
Delta amino levulinic acid (DALA)
Methyl tetrahydrofuran (MTHF)
Levulinic Acid Market Assessment and Forecast, By Region, 2014-2022 ($Million):
Rest of Europe
Rest of Asia Pacific
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Major market players for levulinic acid involve Shanghai Apple Flavor & Fragrance Co., Ltd., Biofine Technology LLC, Hebei Langfang Triple Well Chemicals Co., Ltd., DuPont, Hebei Shijiazhuang Worldwide Furfural & Furfuryl Alcohol Funan Resin Co., Ltd., Shijiazhuang Pharmaceutical Group Co., Ltd., Yancheng China Flavor Chemicals Co., Ltd., CSPC Ouyi Pharmaceutical Co., Ltd. and Segetis.
In 2013, North America region was the major levulinic acid user, subsequently Europe region and the speedily rising Asia Pacific regional market. The United States and European based downstream market players generally supply levulinic acid from China’s producers at low costs for their particular application. For instance, Segetis is accounted to be supplying levulinic acid for its L-ketals product portfolio from China. In 2012, Europe region was the subsequent largest customer for levulinic acid reported for around 31% of the global sizes. North America regional levulinic acid market income is likely to rise at a compound annual growth rate of 4.6% during the forecast period.
List of Tables:
Table 1.Levulinic Acid Market, By Potential Downstream Platform ($Million), 2014-2022
Table 2.Methyltetrahydrofuran (MTHF), By Region ($Million), 2014-2022
Table 3.Delta aminolevulinic acid (DALA) Market, By Region ($Million), 2014-2022
Table 4.Diphenolic Acid Market, By Region ($Million), 2014-2022
Table 5.Other Levulinic Acids Market, By Region ($Million), 2014-2022
Table 6.Levulinic Acid Market, By Application ($Million), 2014-2022
Table 7.Pharmaceuticals Market, By Region ($Million), 2014-2022
Table 8.Agriculture (Organic potassium fertililizer DALA, 2–Methylindole-3-acetic acid) Market, By Region ($Million), 2014-2022
Table 9.Food Additives Market, By Region ($Million), 2014-2022
Table 10.Cosmetics Market, By Region ($Million), 2014-2022
About Crystal Market Research:
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