Latest research study titled, “Levulinic Acid Market by potential downstream platform and application - global industry analysis and forecast to 2022”, published by crystal market research.
Market Highlights:
The Levulinic Acid Market was valued approximately USD 16.07 million in 2014 and is expected to reach around USD 45.36 million by 2022 with a compound annual growth rate (CAGR) of 12.02% over the forecast period, owing to levulinic acid’s potential of replacing phthalate plasticizers that are used for the production of PVC. Levulinic acid is also referred as 4-oxopentanoic acid. It is a natural compound that sorted as a keto acid. It is soluble in ethanol, diethyl ether, and water, however insoluble in aliphatic hydrocarbons and has a material form of crystalline white solid. In recent times, the requirement for sustainability has continuously impelled the chemical industry in the direction of exploring renewable biotechnology and chemistry to produce goods from bio-based reservoirs. Levulinic acid has been recognized as platform chemical since long. Consequently, despite its comparatively small market volume, it is the major topic of research and development to play a role of a predecessor to special chemicals involving pesticides like D-amino levulinic acid (DALA), fuel additives like Methyl tetrahydro furan (MTHF), and Diphenolic Acid (DPA) along with others.
Market Highlights:
The Levulinic Acid Market was valued approximately USD 16.07 million in 2014 and is expected to reach around USD 45.36 million by 2022 with a compound annual growth rate (CAGR) of 12.02% over the forecast period, owing to levulinic acid’s potential of replacing phthalate plasticizers that are used for the production of PVC. Levulinic acid is also referred as 4-oxopentanoic acid. It is a natural compound that sorted as a keto acid. It is soluble in ethanol, diethyl ether, and water, however insoluble in aliphatic hydrocarbons and has a material form of crystalline white solid. In recent times, the requirement for sustainability has continuously impelled the chemical industry in the direction of exploring renewable biotechnology and chemistry to produce goods from bio-based reservoirs. Levulinic acid has been recognized as platform chemical since long. Consequently, despite its comparatively small market volume, it is the major topic of research and development to play a role of a predecessor to special chemicals involving pesticides like D-amino levulinic acid (DALA), fuel additives like Methyl tetrahydro furan (MTHF), and Diphenolic Acid (DPA) along with others.
The global levulinic acid market is segmented as follows:
Levulinic Acid Market Assessment and Forecast, By Application, 2014-2022:
Pharmaceuticals
Levulinic Acid Market Assessment and Forecast, By Application, 2014-2022:
Pharmaceuticals
Food Additives
Agriculture (Organic potassium fertilizer DALA, 2--Methylindole-3-acetic acid)
Cosmetics
Levulinic Acid Market Assessment and Forecast, By Potential Downstream Platform, 2014- 2022:
Delta amino levulinic acid (DALA)
Delta amino levulinic acid (DALA)
Diphenolic Acid
Methyl tetrahydrofuran (MTHF)
Others
Levulinic Acid Market Assessment and Forecast, By Region, 2014-2022 ($Million):
North America
Canada
U.S
Mexico
Europe
Spain
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
Japan
India
China
Australia
South Korea
Rest of Asia Pacific
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