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Levulinic Acid Market by Application, Technology, and Region - Global Forecast to 2021

Levulinic Acid Market: Global Forecast until 2021

  • September 2016
  • 113 pages
  • ID: 4188506
In this report:
The U.S. is expected to lead the North America levulinic acid market, in terms of consumption, during the forecast period; this market in the U.S. is anticipated to reach ##,##.## tons by 2021, at a CAGR of ##.##% during the forecast period.
Global production of bioplastics is expected to grow at an annual rate of ##% and reach ##.## million tons by 2020.

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The levulinic acid market is estimated to grow $32.50M by 2021

The levulinic acid market is estimated to grow $32.50M by 2021, at a compound annual growth rate of 14.00 percent between 2016 and 2021. Growing consumption of levulinic acid by pharmaceuticals and cosmetics sectors is one of the significant factors driving the increase of the levulinic acid market. High price due to low production volumes of levulinic acid is one of the main restraints for rise of the market. Nevertheless, with capacity expansion, the prices may go down.

Established on application, the pharmaceuticals & cosmetics segment is anticipated to grow at an important rate during the outlook period

Levulinic acid is an important bio-based platform chemical that is increasingly being used in various applications, according to its exceptional performance as an anti-inflammatory and minerals supplement. Levulinic acid affords different advantages, including rising demand for biochemical across markets and regulations imposed by regulatory bodies, including governments and environmental associations on use of petrochemical products. Additionally, ketal esters, which are derivatives of levulinic acid, are anticipated to replace all phthalate-based plasticizers, as these are bio-based. This factor may lead to high demand for levulinic acid in the next years with changing industry trends for green chemicals.

The levulinic acid market in EU is expected to grow at the highest CAGR (Compound annual growth rate) during the estimate period

The Europe levulinic acid market is anticipated to rise at the highest compound annual growth rate (CAGR) between 2016 and 2021. This increase can be accredited to the growing demand for levulinic acid by sectors, including plasticizers, pharmaceuticals, and cosmetics. Germany (DE) is anticipated to lead the Europe levulinic acid market, in terms of consumption, during the outlook period.

BREAKDOWN OF PROFILE OF PRIMARY PARTICIPANTS:

- By Company category: Tier 1 - 37 %, Tier 2 - 13.0 percent, and Tier 3 - 50.0 percent

- By Designation: C Level - 50.0 percent, Director Level - 31.0 percent, and Others - 19.0 percent

- By area: North america (NA) - 44.0 percent, Europe - 31.0 percent, Asia-Pacific - 19.0 percent, and Rest of the World - 6.0 percent

Main firms decribed in this market report are Biofine International Inc., Avantium, GF Biochemicals Ltd., Langfang Triple Well Chemicals Co. Ltd, Simagchem Corporation, Hefei TNJ Chemical Industry Co., Limited, Great Chemicals Co. Ltd., and Anhui Herman Impex Co. Ltd., among others.

REASONS TO BUY THE REPORT:

- This business report includes market statistics pertaining to applications and area, together with their respective revenues

- Main drivers, industry restraints, and alternatives for the levulinic acid market have been precised in this industry report

- Figures of segmentation, study, and forecast of sectors established on application and area have been organized to give an global view of the levulinic acid market

- Detailed competitive landscape includes top players, complete study, and revenue of main actors

Segment Research

The sector for levulinic acid has been broken down into application and area. Established on application, the levulinic acid market has been divided into plasticizers, pharmaceuticals & cosmetics, and others. Four main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), and Row have been covered for country-wise study of the levulinic acid market. The market research includes a comprehensive market overview for the levulinic acid market that depicts potential drivers, market restraints, opportunities, and current policies for biochemical in five main regions that may affect the dynamics of the market, in terms of future trends.

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