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Levulinic Acid Market: Growth Analysis & Projections Forecast to 2020

The increasing application of levulinic acid, especially in pesticides, solvents, pharmaceuticals, and cosmetics industries are anticipated to boost growth in the coming years.

The Global Levulinic Acid Market demand was 2,606.2 tons in 2013 and is projected to be 3,820 tons by 2020.


Over the past few years, the chemical industry has continually been striving towards attaining a sustainable growth, with a focus on the development of renewable biotechnological and bio-based products. The production technology for bio-based levulinic acid has been simplified by dehydration of biomass or carbohydrates with acid. Levulinic acid is being increasingly used as a substitute to its synthetic counterparts in industrial usage.

The Global Levulinic Acid Market is anticipated to reach USD 19.65 million revenue, with a growing CAGR of 4.8% by 2020. Increasing usage of the acid in niche applications including plastics, nylons and rubbers are expected to drive demand in the coming years. Increasing R&D expenditure, mainly to diminish production costs of levulinic acid to competitive levels is a critical factor for market players.

To Know More About Levulinic Acid Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/levulinic-acid-market 

Agriculture and pharmaceutical together accounted for over 66% of the overall volume in 2013. Demand for levulinic acid in the agricultural sector and its related applications is expected to grow at a CAGR of 6%, whereas the market is anticipated to grow at 5.4% CAGR from 2014 to 2020 in the pharmaceutical sector.

Top Players of Levulinic Acid Market:

Major market players include Segetis, Biofine, and DuPont. China has large an unorganized manufacturing base with major suppliers being Ouyi Pharmaceutical Co Ltd. and Shijiazhuang Pharmaceutical Group.

Market Segmentation of Levulinic Acid Market:

The Global Levulinic Acid Market segmented on the basis of Application and Region.

By Application:

Pharmaceuticals
Agriculture (Organic potassium fertililizer DALA, 2--Methylindole-3-acetic acid)
Food Additives

By Downstream Platform:

Methyltetrahydrofuran (MTHF)
Delta aminolevulinic acid (DALA)
Diphenolic Acid

By Region:

North America
Europe
Asia Pacific
Rest of the World

Inquire about Levulinic Acid Market with Our Experts @ https://www.grandviewresearch.com/inquiry/215/ibb 
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