
According to the latest report by IMARC Group, titled “Levulinic Acid Market Size: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global levulinic acid market size experienced healthy growth during 2014-2019. Levulinic, or crystalline keto acid, is an organic compound that is found in white crystalline solid form and is soluble in ethanol, diethyl ether, and water. It is obtained from levulose, insulin, or starch by boiling them with dilute hydrochloric or sulfuric acid.
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Market Trends
Levulinic acid finds applications across various industries ranging from the pharmaceutical, construction and cosmetic to agrochemical, and food and beverage industries. In the construction industry, phthalate plasticizers are being replaced with levulinic acid for the production of polyvinyl chloride (PVC), as levulinic acid adds flexibility to the product. It is also used in cigarettes to enhance nicotine content. Other than this, the sodium salt of levulinic acid is utilized as a preservative and a skin conditioning agent in cosmetics and personal care products. Apart from this, the usage of levulinic acid has increased in agrichemicals, such as fertilizers, herbicides and pesticides, as a green alternative to sulfuric acid. Moreover, the constant research and development (R&D) in the field of chemistry and biotechnology have resulted in the development of bio-based levulinic acid, which is expected to create a positive outlook for the market in the upcoming years.
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Table of Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Levulinic Acid Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Technology
6.1 Acid Hydrolysis
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Biofine
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by End-Use Industry
7.1 Agriculture Industry
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Pharmaceutical Industry
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Food Industry
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Cosmetics Industry
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Form
8.1 Liquid
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Solid
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Avantium Chemicals B.V.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Biofine International Inc
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Dupont De Nemours, Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 GFBiochemicals
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Great Chemical Co. Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Hefei TNJ Chemical Industry Co. Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Langfang Triple Well Chemicals Co. Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Sigma-Aldrich Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Simagchem Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Tokyo Chemical Industry Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Avantium Chemicals B.V., Biofine International Inc., Dupont De Nemours Inc., GFBiochemicals, Great Chemical Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Langfang Triple Well Chemicals Co. Ltd., Sigma-Aldrich Corporation, Simagchem Corporation, Tokyo Chemical Industry Co. Ltd., etc.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are
continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally—our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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