Levulinic Acid Market to Generate Revenue Worth $60.2 Million by 2030
According to the market research report published by P&S Intelligence, the global levulinic acid market, which generated $27.2 million in 2019, would grow to $60.2 million by 2030, at an 8.8% CAGR between 2020 and 2030. This is because the usage of compounds such as hydroxymethylfurfural (HMF), ethyl levulinate, sodium levulinate, methyltetrahydrofuran (MTHF), diphenolic acid, and succinic acid, in a number of end-products, including personal care products, fuel additives, and food & beverages, is rising.
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