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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.
Market Analysis and Insights: Global Levulinic Acid Market
Due to the COVID-19 pandemic, the global Levulinic Acid market size is estimated to be worth US$ 209.8 million in 2021 and is forecast to a readjusted size of US$ 486.1 million by 2028 with a CAGR of 12.6% during the forecast period 2022-2028.
Asia-Pacific is the largest market with about 62% market share. North America is follower, accounting for about 26% market share.
The key players are GFBiochemicals, Zibo Changlin Chemical, Hefei TNJ Chemical, Heroy Chemical Industry, Guannan East Chemical etc. GFBiochemicals is the largest manufacturer with about 75% market share.
Global Levulinic Acid Scope and Market Size
The global Levulinic Acid market is segmented by region (country), company, by Type and by Application. Players, stakeholders, and other participants in the global Levulinic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Industrial Grade Levulinic Acid
Pharma Grade Levulinic Acid
Other Grade Levulinic Acid
Segment by Application
Pharmaceuticals
Cosmetics & Personal Care
Plasticizers
Food and Flavors
Agrochemicals
Biofuels
Others
By Company
GFBiochemicals
Zibo Changlin Chemical
Hefei TNJ Chemical
Heroy Chemical Industry
Guannan East Chemical
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Market Analysis and Insights: Global Levulinic Acid Market
Due to the COVID-19 pandemic, the global Levulinic Acid market size is estimated to be worth US$ 209.8 million in 2021 and is forecast to a readjusted size of US$ 486.1 million by 2028 with a CAGR of 12.6% during the forecast period 2022-2028.
Asia-Pacific is the largest market with about 62% market share. North America is follower, accounting for about 26% market share.
The key players are GFBiochemicals, Zibo Changlin Chemical, Hefei TNJ Chemical, Heroy Chemical Industry, Guannan East Chemical etc. GFBiochemicals is the largest manufacturer with about 75% market share.
Global Levulinic Acid Scope and Market Size
The global Levulinic Acid market is segmented by region (country), company, by Type and by Application. Players, stakeholders, and other participants in the global Levulinic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Industrial Grade Levulinic Acid
Pharma Grade Levulinic Acid
Other Grade Levulinic Acid
Segment by Application
Pharmaceuticals
Cosmetics & Personal Care
Plasticizers
Food and Flavors
Agrochemicals
Biofuels
Others
By Company
GFBiochemicals
Zibo Changlin Chemical
Hefei TNJ Chemical
Heroy Chemical Industry
Guannan East Chemical
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
