Ethyl Levulinate Market Trend, Statistics, Growth Factors Forecast to 2022

The global industry is in its nascent stage and is characterized by few industry participants. The Global Ethyl Levulinate Market is expected to reach USD 11.8 million by 2022, according to a new report by Grand View Research, Inc.

Presence of very few manufacturers gives a competitive edge over new entrants. Industry participants as well as governments have been extensively investing in R&D to develop novel applications as well as cheaper raw materials. Potential applications such as bio-diesel additive are expected to positively impact the market.

Prolonged exposure to ethyl levulinate may cause dizziness, eye irritation, lung damage, coma and behavioral changes. Such toxic effects are presumed to expose ethyl levulinate industry to several regulations, thus constricting market growth and development.

Several R&D initiatives are being taken by government to come up with cheaper raw material for ethyl levulinate production. This is projected to create ample opportunities for this industry over the forecast period.

Asia Pacific emerged as the leading regional market and accounted for over 30% of the total market in 2014.Countries such as India and China are anticipated to lead their regional market over the next seven years. Rising urbanization along with dynamic lifestyle among consumers in the region is expected to create ample opportunities for ethyl levulinate.

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Changing consumption pattern among people in developing region such as Middle East & Africa and Central & South America is expected to assist the overall market over the next seven years.

Top Players of Ethyl Levulinate Market:

Major ethyl levulinate market participants include Sigma Aldrich, Alfa Aesar, Oakwood Products., Inc, Indukern F&F Ingredients Division, Tokyo Chemical Industry Co., Ltd, Axxence Aromatic and Ventos.

Market Segmentation of Ethyl Levulinate Market:

The Global Ethyl Levulinate Market segmented on the basis of Application and Region.

By Application:

    Food Additive
    Fragrances

By Region:

    North America
    Europe
    Asia Pacific
    Middle East & Africa
    Central & South America

Inquire about Ethyl Levulinate Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2775

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