Market Overview:
The global levulinic acid market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for levulinic acid from various applications such as pharmaceuticals, cosmetics & personal care, plasticizers, food and flavors, agrochemicals, biofuels and others. Levulinic acid is also used as an intermediate in various chemical syntheses. North America dominates the global levulinic acid market followed by Europe and Asia Pacific. However, Asia Pacific is expected to grow at a higher CAGR during the forecast period owing to rising demand for levulinic acid from countries such as China and India.
Product Definition:
An organic compound with the formula C4H6O2, a keto acid. A colorless liquid, it is soluble in water and ethanol. Levulinic acid is produced when cellulose or hemicellulose are broken down by heat or enzymes. It can be used to make plastics, solvents, and flavors and fragrances.
Industrial Grade:
Industrial grade is a type of bio-based plastic that can be used to produce numerous products including films, fibers, injection molding compounds and granules. It has high demand in the production of bioplastics as it provides properties such as mechanical strength and toughness which are essential for end-use applications. Industrial grade is also known as technical or laboratory grade due to its usage in R&D activities by companies producing bioplastics.
Pharma Grade:
Pharma grade is used in the production of levulinic acid. Levulinic acid is a key intermediate used in the manufacturing of numerous pharmaceutical drugs such as paracetamol, aspirin, and other non-steroidal anti-inflammatory drugs (NSAIDs). It has been observed that over 80% of the global production capacity for levulinic acid has shifted from China to India due to low prices offered by Indian manufacturers.
Application Insights:
The global levulinic acid market has been segmented on the basis of application into pharmaceuticals, cosmetics and personal care, plasticizers, food and flavors, agrochemicals, biofuels and others. The pharmaceutical segment accounted for a major share in 2015 owing to extensive usage as an active pharmaceutical ingredient (API) in the production of various drugs including antibiotics. Levulinic acid is used as an alternative to dihydrogen phosphate (DHP) which is a key intermediate used in the production of biopharmaceuticals such Levulanacitabine & Tenovolanserin.
Cosmetics & personal care was another prominent application sector that accounted for over 15% share globally in 2015 owing to extensive usage as UV absorbers and antioxidants among other applications such as preservatives or chelating agents.
Regional Analysis:
Asia Pacific dominated the global levulinic acid market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, which makes it a key target for market expansion. China is one of the largest producers and consumers of pharmaceuticals globally owing to its large population base coupled with rapid economic growth. In addition, India has been witnessing strong demand from end-use industries such as agrochemicals, flavors & fragrances, cosmetics & personal care products due to increasing foreign investments in these sectors over the past few years.
North America emerged as another promising regional market accounting for more than 20% share of total revenue in 2017 on account rising demand from end-use industries such as agrochemicals and biofuels along with growing pharmaceutical industry across U.S.
Growth Factors:
- Increasing demand for biofuels as a renewable source of energy: Levulinic acid is used in the production of biofuels such as ethanol and biodiesel, which are becoming increasingly popular as a renewable source of energy. This is likely to drive growth in the levulinic acid market over the next few years.
- Rising demand for green chemicals: There is increasing demand for environmentally friendly or "green" chemicals, and levulinic acid meets this requirement perfectly. This is another factor that is likely to fuel growth in the levulinic acid market in the coming years.
- Growing awareness about the benefits of green chemistry: As more people become aware of the benefits of using green chemistry, there will be an increase in demand for products that use levulinic acid as a key ingredient. This should help to boost sales growth for companies involved in producing and marketing levulinic acid products over time.
Scope Of The Report
Report Attributes
Report Details
Report Title
Levulinic Acid Market Research Report
By Type
Industrial Grade, Pharma Grade, Others
By Application
Pharmaceuticals, Cosmetics & Personal Care, Plasticizers, Food and Flavors, Agrochemicals, Biofuels, Others
By Companies
GFBiochemicals, Zibo Changlin Chemical, Hebei Yanuo, Heroy Chemical Industry, Langfang Triple Well Chemicals, Hefei TNJ Chemical, Guannan East Chemical, Zibo Shuangyu, LangFang Hawk
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Levulinic Acid Market Report Segments:
The global Levulinic Acid market is segmented on the basis of:
Types
Industrial Grade, Pharma Grade, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceuticals, Cosmetics & Personal Care, Plasticizers, Food and Flavors, Agrochemicals, Biofuels, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GFBiochemicals
- Zibo Changlin Chemical
- Hebei Yanuo
- Heroy Chemical Industry
- Langfang Triple Well Chemicals
- Hefei TNJ Chemical
- Guannan East Chemical
- Zibo Shuangyu
- LangFang Hawk
Highlights of The Levulinic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Pharma Grade
- Others
- By Application:
- Pharmaceuticals
- Cosmetics & Personal Care
- Plasticizers
- Food and Flavors
- Agrochemicals
- Biofuels
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Levulinic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Levulinic acid is a white crystalline solid with a characteristic sour odor. It is the simplest of the four carboxylic acids, and it occurs naturally in fruits and vegetables. Levulinic acid is used as an industrial chemical to produce plastics, detergents, explosives, and other products.
Some of the major players in the levulinic acid market are GFBiochemicals, Zibo Changlin Chemical, Hebei Yanuo, Heroy Chemical Industry, Langfang Triple Well Chemicals, Hefei TNJ Chemical, Guannan East Chemical, Zibo Shuangyu, LangFang Hawk.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Levulinic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Levulinic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Levulinic Acid Market - Supply Chain
4.5. Global Levulinic Acid Market Forecast
4.5.1. Levulinic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Levulinic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Levulinic Acid Market Absolute $ Opportunity
5. Global Levulinic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Levulinic Acid Market Size and Volume Forecast by Type
5.3.1. Industrial Grade
5.3.2. Pharma Grade
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Levulinic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Levulinic Acid Market Size and Volume Forecast by Application
6.3.1. Pharmaceuticals
6.3.2. Cosmetics & Personal Care
6.3.3. Plasticizers
6.3.4. Food and Flavors
6.3.5. Agrochemicals
6.3.6. Biofuels
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Levulinic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Levulinic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Levulinic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Levulinic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Levulinic Acid Demand Share Forecast, 2019-2026
9. North America Levulinic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Levulinic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Levulinic Acid Market Size and Volume Forecast by Application
9.4.1. Pharmaceuticals
9.4.2. Cosmetics & Personal Care
9.4.3. Plasticizers
9.4.4. Food and Flavors
9.4.5. Agrochemicals
9.4.6. Biofuels
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Levulinic Acid Market Size and Volume Forecast by Type
9.7.1. Industrial Grade
9.7.2. Pharma Grade
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Levulinic Acid Demand Share Forecast, 2019-2026
10. Latin America Levulinic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Levulinic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Levulinic Acid Market Size and Volume Forecast by Application
10.4.1. Pharmaceuticals
10.4.2. Cosmetics & Personal Care
10.4.3. Plasticizers
10.4.4. Food and Flavors
10.4.5. Agrochemicals
10.4.6. Biofuels
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Levulinic Acid Market Size and Volume Forecast by Type
10.7.1. Industrial Grade
10.7.2. Pharma Grade
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Levulinic Acid Demand Share Forecast, 2019-2026
11. Europe Levulinic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Levulinic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Levulinic Acid Market Size and Volume Forecast by Application
11.4.1. Pharmaceuticals
11.4.2. Cosmetics & Personal Care
11.4.3. Plasticizers
11.4.4. Food and Flavors
11.4.5. Agrochemicals
11.4.6. Biofuels
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Levulinic Acid Market Size and Volume Forecast by Type
11.7.1. Industrial Grade
11.7.2. Pharma Grade
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis y Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Levulinic Acid Demand Share, 2019-2026
12. Asia Pacific Levulinic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Levulinic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Levulinic Acid Market Size and Volume Forecast by Application
12.4.1. Pharmaceuticals
12.4.2. Cosmetics & Personal Care
12.4.3. Plasticizers
12.4.4. Food and Flavors
12.4.5. Agrochemicals
12.4.6. Biofuels
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Levulinic Acid Market Size and Volume Forecast by Type
12.7.1. Industrial Grade
12.7.2. Pharma Grade
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Levulinic Acid Demand Share, 2019-2026
13. Middle East & Africa Levulinic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Levulinic Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Levulinic Acid Market Size and Volume Forecast by Application
13.4.1. Pharmaceuticals
13.4.2. Cosmetics & Personal Care
13.4.3. Plasticizers
13.4.4. Food and Flavors
13.4.5. Agrochemicals
13.4.6. Biofuels
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Levulinic Acid Market Size and Volume Forecast by Type
13.7.1. Industrial Grade
13.7.2. Pharma Grade
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Levulinic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Levulinic Acid Market: Market Share Analysis
14.2. Levulinic Acid Distributors and Customers
14.3. Levulinic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GFBiochemicals
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Zibo Changlin Chemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hebei Yanuo
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Heroy Chemical Industry
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Langfang Triple Well Chemicals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hefei TNJ Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Guannan East Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zibo Shuangyu
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. LangFang Hawk
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
