Levulinic Acid Market Size and Share Analysis Report 2022 - Global Industry Growth Forecast to 2030 - Commercialization of Bio-based Production Methods to Bolster Growth
Levulinic Acid Market
Dublin, Feb. 07, 2023 (GLOBE NEWSWIRE) -- The "Levulinic Acid Market Size and Share Analysis by Technology, Application - Global Industry Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The levulinic acid market garnered $26.35 million in 2021, and it is projected to generate $61.04 million revenue in 2030, advancing at a rate of 9.78% in the coming years.
The growing commercialization of bio-based production procedures and the increasing compound derivative demand across industries are the primary drivers for the industry.
Moreover, research and development in the personal care sector is projected to result in organic cosmetics and fragrance development. The creamy, whisky fragrance of levulinic acid results in its heavy usage in the manufacturing of perfumes. Along with this, it is used for conditioning the skin and regulating the pH of cosmetic products.
Massive Market Opportunities in China and India
Developing countries, such as India and China, have a massive levulinic acid and derivative production capacity. Moreover, the demand for sodium levulinate is rapidly increasing due to its rising application in food preservatives, to enhance the shelf life of products, and in cosmetics, as a skin conditioner.
Levulinic Acid Demand To Rise Fastest For Fuel Additive Production
In the coming years, the highest CAGR, of more than 10%, will be witnessed by the fuel additives application category. The low toxicity, stable flash point, high lubricity, and appreciable flow attributes make levulinic acid an important diesel and gasoline additive.
Ethyl levulinate, a derivative of the chemical, reduces the emission of sulfur from diesel. In this regard, the stringent regulations of governments for reducing the GHG emissions from on-road and non-road diesel engines drive the market.
Key Metrics
Report Attribute | Details |
No. of Pages | 170 |
Forecast Period | 2021 - 2030 |
Estimated Market Value (USD) in 2021 | $26.35 Million |
Forecasted Market Value (USD) by 2030 | $61.04 Million |
Compound Annual Growth Rate | 9.7% |
Regions Covered | Global |
Company Profiles
Heroy Chemical Industry Co. Ltd.
GFBiochemicals Ltd.
Tecnicas Renunidas S.A.
Simagchem Corporation
Tokyo Chemical Industry Co. Ltd.
Vigon International Inc.
Merck KGaA
Shandong Xinhua Pharmaceutical I&E Co. Ltd.
Haihang Industry Co. Ltd.
Alfa Aesar
Hangzhou Aromalake Tech Co. Ltd.
Ascender Chemical Co. Ltd.
Hefei TNJ Chemical Industry Co. Ltd.
Augustus Oils Ltd.
Zibo Changlin Chemical Industry Co., Ltd.
Pujie Perfume (Shanghai) Co. Ltd.
Biofine Technology LLC
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Data Reporting Unit
1.5 Market Size Breakdown by Segment
1.6 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Definition of Market Segments
5.1 By Technology
5.1.1 Biofine
5.1.2 Acid Hydrolysis
5.2 By Application
5.2.1 Food Additives
5.2.2 Pharmaceuticals
5.2.3 Agricultural Products
5.2.4 Personal Care Products
5.2.5 Plasticizers
5.2.6 Fuel Additives
5.2.7 Others
Chapter 6. Industry Outlook
6.1 Market Dynamics
6.1.1 Trends
6.1.1.1 Development of biorefinery processes
6.1.2 Drivers
6.1.2.1 Commercialization of bio-based production methods
6.1.2.2 Surge in demand for levulinic acid derivatives from end-use industries
6.1.2.3 Increasing production of pharmaceuticals
6.1.2.4 Impact analysis of drivers on market forecast
6.1.3 Restraints
6.1.3.1 High production cost
6.1.3.2 Threat of chemical alternatives
6.1.3.3 Impact analysis of restraints on market forecast
6.1.4 Opportunities
6.1.4.1 Increasing concerns about depleting fossil-based energy resources
6.2 Impact of COVID-19
6.3 Value Chain Analysis
6.4 Top Exporting Countries of Levulinic Acid
6.5 Top Importing Countries of Levulinic Acid
6.6 Porter's Five Forces Analysis
Chapter 7. Regulatory Compliance
7.1 North America
7.2 Europe
7.3 APAC
Chapter 8. Global Market Size and Forecast
8.1 Overview
8.2 By Technology (2017-2030)
8.3 By Application (2017-2030)
8.4 By Region (2017-2030)
Chapter 9. North America Market Size and Forecast
9.1 Overview
9.2 By Technology (2017-2030)
9.3 By Application (2017-2030)
9.4 By Country (2017-2030)
Chapter 10. Europe Market Size and Forecast
10.1 Overview
10.2 By Technology (2017-2030)
10.3 By Application (2017-2030)
10.4 By Country (2017-2030)
Chapter 11. APAC Market Size and Forecast
11.1 Overview
11.2 By Technology (2017-2030)
11.3 By Application (2017-2030)
11.4 By Country (2017-2030)
Chapter 12. RoW Market Size and Forecast
12.1 Overview
12.2 By Technology (2017-2030)
12.3 By Application (2017-2030)
12.4 By Country (2017-2030)
Chapter 13. Competitive Landscape
13.1 Market Share Analysis of Key Players
13.2 Competitive Benchmarking of Key Players
13.3 List of Other Key Players
13.4 Recent Strategic Developments of Key Players
13.4.1 Partnerships, Collaborations, and Agreements
13.4.2 Joint Ventures
13.4.3 Others Developments
For more information about this report visit https://www.researchandmarkets.com/r/q36i5l-acid?w=12
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