• Data Bridge Market Research analyses that the levulinic acid market was valued at USD 27.58 in 2021 and is expected to reach USD 93.65 million by 2029, at a CAGR of 14.17% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Global Levulinic Acid Market Definition

Levulinic acid is a white crystalline solid that is soluble in water and organic solvents. It's an organic compound that is derived from cellulose degradation. Levulinic Acid is also commonly known as a keto acid. It is superseding petroleum-based products in many different industries like biofuel. Generally, it is produced from manure, brewery waste, and biomass. The production process of this acid includes acidic hydrolysis of furfuryl alcohol, hydrolyzing acetyl succinate esters, and ozone-based oxidation of ketones.

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Scope of the Levulinic Acid Market Report: 

The levulinic acid market is segmented on the basis of technology, end user and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

  • Biofine
  • Acid hydrolysis

On the basis of technology type, levulinic acid market is segmented into biofine and acid hydrolysis.

End User

  • Agriculture
  • Food
  • Beverages
  • Pharmaceuticals
  • Cosmetics and Personal Care

On the basis of end user, levulinic acid market is segmented into agriculture, food, beverages, pharmaceuticals, and cosmetics and personal care.

Application

  • Food additives
  • Pharmaceuticals
  • Agricultural products
  • Personal care products
  • Plasticizers
  • Fuel additives

Based on application, levulinic acid market is segmented into food additives, pharmaceuticals, agricultural products, personal care products, plasticizers and fuel additives.

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Some of the major players operating in the levulinic acid market are:

  • G.F. Biochemicals Ltd. (Italy)
  • Langfang Triple Well Chemicals Co. Ltd (China)
  • Biofine International Inc. (U.S.)
  • Avantium (Netherlands)
  • Simagchem Corporation (China)
  • Hefei TNJ Chemical Industry Co., Ltd. (China)
  • CSPC Pharmaceutical Group (China)
  • Great Chemicals Co. Ltd. (China)
  • Anhui Herman Impex Co Ltd (China)
  • DuPont (U.S.)
  • The Valspar Corporation (U.S.)
  • KCC Corporation (South Korea)
  • Sherwin-Williams (U.S.)
  • AkzoNobel (Netherlands)
  • Jotun A/S (Norway)

Levulinic Acid Market Regional Analysis/Insights

The Levulinic Acid market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.

The countries covered in the Levulinic Acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

 

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