Los Angeles, CA -- (SBWire) -- 04/18/2019 --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.
The global average price of Levulinic Acid is in the decreasing trend, from 9.12 USD/Kg in 2013 to 8.56 USD/Kg in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.
Asia Pacific is the largest producer of Levulinic Acid, with a production market share nearly 61.21% in 2017. North America is the second largest producer of Levulinic Acid, enjoying production market share nearly 26.37% in 2017.
In the future, the production and consumption is estimated to continue developing with a stable growth rate. To meet the large and increasing demand, more and more manufacturers will go into this industry.
The global Levulinic Acid market was 130 million US$ in 2018 and is expected to 330 million US$ by the end of 2025, growing at a CAGR of 12.6% between 2019 and 2025.
This report studies the Levulinic Acid market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Levulinic Acid in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
GFBiochemicals
Zibo Changlin Chemical
Hebei Yanuo
Heroy Chemical Industry
Langfang Triple Well Chemicals
Hefei TNJ Chemical
Guannan East Chemical
Zibo Shuangyu
LangFang Hawk
By the product type, the market is primarily split into
Industrial Grade
Pharma Grade
Others
By the end users/application, this report covers the following segments
Pharmaceuticals
Cosmetics & Personal Care
Plasticizers
Food and Flavors
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Levulinic Acid Market Growing at a Cagr of 12.6% Between 2019 and 2025
Levulinic Acid Market assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers and the current and future trends.