Levulinic acid is also known as 4-oxopentanoic acid. The source of levulinic acid is the by products of sugar industry. Levulinic acid produces from degradation of cellulose which is a potential precursor to biofuels such as ethyl levulinate. Levulinic acid has various applications for different products such as pharmaceuticals, agrochemicals, personal care products, food additives, flavours and fragrances, resins and coatings, solvents, plasticisers, fuel additives and biofuels.
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In manufacturing of PVC which is a substitute of phthalate plasticizers levulinic acid is highly important that driving the global market. However, PVC is mainly used in the manufacturing of different products in varied industries such as packaging, automotive, healthcare, and others and increasing rate of these companies also impacting in the growth of levulinic acid market. As this acid is also contains less toxicities as compare to phthalate plasticizers, the increasing health consciousness has also driving the market to an extent. Increasing consumption of cigarettes worldwide has lead increasing demand for the market as levulinic acid use in cigarette for enhancing the nicotine content. The cost of production of levulinic acid is low due ti its biobased source of production, so manufacturer are also able to produce it and supply it in high amount. To acquire competitive advantages, there is increasing trend of R&D has resulting in increasing the application of levulinic acid that further leads to driving the global levulinic acid market.
Based on application, the global levulinic acid market can be categorized broadly into four segments such as agriculture, cosmetics, pharmaceuticals and food additives. Among the all segments, pharmaceuticals and agriculture applications has the higher market share. Agricultural applications include chemical fertililizers and pesticides that has an increasing trend of demand and further this is attributing in the growth of the market. In pharmaceuticals, major levulinic acid uses include indomethacin and calcium levulinate, an anti-inflammatory medicine often recommended for fever. Levulinic acid is carefully used in cigarettes to enhance delivery of nicotine in the smoke.
It is projected that North America region is the largest region for the levulinic acid market in the year 2018. It is also expected that Asia Pacific is growing at fastest rate during the forcast period. The region includes country such as China is supplying the levulinic acid to European and the U.S. Levulinic acid is majorly used in different application areas in the European region, this various application is expected to resulting in the growth of the market. Levulinic acid market is a nich market and companies are focusing on introducing innovative products by investing lot in R & D.
Major market players that are contributing in the levulinic acid market are E. I. du Pont de Nemours and Company, Tokyo Chemical Industry Co. Ltd., GFBiochemicals, Ltd., Heroy Chemical Industry Co., Ltd., Parchem Fine & Specialty Chemicals, Biofine Technology LLC, and Segetis, Inc. Some other prominent players of the market are Hebei Langfang Triple Well Chemicals Co., Ltd., Apple Ltd., Flavor & Fragrance Group Co., and China Shijiazhuang Pharmaceutical Group Co. Ltd.
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The levulinic acid market has been segmented as follows:
Global Levulinic Acid Market, by Application
- Agriculture
- Cosmetics
- Pharmaceuticals
- Food Additives
Global Levulinic Acid Market, by Geography
- North America
- S.
- Canada
- Rest of North America
- Europe
- K.
- Germany
- France
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Rest of Asia Pacific
- ROW
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The latest trending report Global Levulinic Acid Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Levulinic Acid market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Levulinic Acid industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Levulinic Acid and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/48992-levulinic-acid-industry-analysis-reportThe major players covered in Levulinic Acid are:GFBiochemicalsZibo ShuangyuHeroy Chemical IndustryZibo Changlin ChemicalGuannan East ChemicalHebei YanuoHefei TNJ ChemicalLangfang Triple Well ChemicalsLangFang HawkBy Type, Levulinic Acid market has been segmented intoIndustrial GradePharma GradeOthersBy Application, Levulinic Acid has been segmented into:PharmaceuticalsCosmetics & Personal CarePlasticizersFood and FlavorsAgrochemicalsBiofuelsOthersThe report offers in-depth assessment of the growth and other aspects of the Levulinic Acid market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Levulinic Acid Market @ https://www.decisiondatabases.com/contact/download-sample-48992The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Levulinic Acid product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Levulinic Acid, with price, sales, revenue and global market share of Levulinic Acid in 2018 and 2019.Chapter 3, the Levulinic Acid competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Levulinic Acid breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Levulinic Acid market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Levulinic Acid sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Levulinic Acid Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-48992All Acid Related Reports by DecisionDatabases.com @ https://goo.gl/R5nHjXAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
Allied Market Research published a new report, titled, " Levulinic Acid Market: Global Opportunity Analysis and Industry Forecast, 2020–2027".
The report provides a detailed study of the global Levulinic Acid market covering a number of important aspects such as current market scenario, estimates, top investment pockets, recent trends, changing dynamics, and vibrant forces of the industry from 2020 to 2027 to identify the underlying opportunities.
The report gives much focus on the prospects that may transpire in the near future and provide a significant boost to the overall market growth.
At the same time, restraining factors that are expected to obstruct or hold the growth of the industry are also presented by our expert analysts in order to provide the key market players with a detailed scenario of the future threats in advance.
The report presents a detailed scenario of the market in each province.
The frontrunners operating in the global Levulinic Acid industry include FBiochemicals Ltd., Tokyo Chemical Industry Co. Ltd., Heroy Chemical Industry Co. Ltd., Biofine Technology LLC, Parchem Fine & Specialty Chemicals, Segetis Inc., Hebei Langfang Triple Well Chemicals Co. Ltd., Godavari Biorefineries Ltd., Apple Flavor & Fragrance Group Co. Ltd. and China Shijiazhuang Pharmaceutical Group Co. Ltd.
