Levulinic Acid Market is Anticipated to Record a Valuation of US$ 427.5 Million by 2028, Recent Study by The Market Reports

Levulinic acid (CAS No 123-76-2), or 4-oxopentanoic acid, is an organic compound with the formula CH3C(O)CH2CH2CO2H. It is classified as a keto acid. This white crystalline solid is soluble in water and polar organic solvents. It is derived from degradation of cellulose and is a potential precursor to biofuels.

Asia-Pacific is the largest market with about 62% market share. North America is follower, accounting for about 26% market share.

The key players are GFBiochemicals, Zibo Changlin Chemical, Hefei TNJ Chemical, Heroy Chemical Industry, Guannan East Chemical etc. GFBiochemicals is the largest manufacturer with about 75% market share.

The global Levulinic Acid market was valued at US$ 186.3 million in 2020 and it is expected to reach US$ 427.5 million by the end of 2027, growing at a CAGR of 12.6% during 2021-2027.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Request for a free sample or purchase this report at: https://www.themarketreports.com/report/global-levulinic-acid-market-outlook

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Industrial Grade Levulinic Acid
  • Pharma Grade Levulinic Acid
  • Other Grade Levulinic Acid

Segment by Application

  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Plasticizers
  • Food and Flavors
  • Agrochemicals
  • Biofuels
  • Others

By Company

  • GFBiochemicals
  • Zibo Changlin Chemical
  • Hefei TNJ Chemical
  • Heroy Chemical Industry
  • Guannan East Chemical

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

Contact Details:

Mr. Shirish Gupta

Sales Manager

The Market Reports | Industry and Market Reports at its Best

Call: +1-631-407-1315 / +91-750-729-1479

Email: sales@themarketreports.com