Levulinic Acid Market - Global Forecast to 2021

The Levulinic Acid Market is projected to reach USD 32.5 Million by 2021, at a CAGR of 14.0% between 2016 and 2021. This growth can be attributed to the increasing consumption of levulinic acid in pharmaceuticals and cosmetics.

Browse 27 market data Tables and 52 Figures spread through 113 Pages and in-depth TOC on "Levulinic Acid Market”.

GF Biochemicals Ltd. (Italy) is the largest producer of levulinic acid in the world. The company is focusing on both, organic and inorganic business expansion strategies to strengthen its market position and consolidate its financial position in the levulinic acid market. The company is expected to increase its production capacity during the forecast period. In February 2016, the company acquired U.S.-based Segetis, which is one of the pioneer companies in the production of Levulinic acid in North America. It has advanced R&D capabilities with more than 250 patents worldwide. This will help the company to reinforce its position as a prominent supplier in the levulinic acid market.

Biofine International Inc. (U.S.) is another major player in the levulinic acid market with high presence in North America. The company is currently focusing on its pilot plant based in the U.S. The company aims at penetrating the low volume market followed by increase in the scale of production. Biofine is expected to start operations on its first commercial plant in 2016-2017. This will enable the company to enter many potential markets of levulinic acid and their derivatives, including plasticizers, pharmaceuticals & cosmetics, among others.

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North America is expected to lead the levulinic acid market during the forecast period

North America accounted for the largest share of the levulinic acid market in 2015, followed by Europe and Asia-Pacific. The U.S. is one of the major consumers of levulinic acid in North America. Increasing investments in organic materials by leading companies of the fast moving consumer goods industry for end-products, and rising demand for levulinic acid from pharmaceuticals and cosmetics industries are expected to drive the North America levulinic acid market.

Major players in the levulinic acid market are Biofine International Inc. (U.S.), Avantium (Netherlands), GF Biochemicals Ltd. (Italy), Langfang Triple Well Chemicals Co. Ltd (China), Simagchem Corporation (China), Hefei TNJ Chemical Industry Co., Ltd. (China), Great Chemicals Co. Ltd. (China), and Anhui Herman Impex Co Ltd (China), among others.

This report offers an overview of market trends, drivers, and challenges with respect to the levulinic acid market. It also provides a detailed overview of the market across four regions, namely, Asia-Pacific, Europe, North America, and the Rest of the World (Middle East & Africa, and Latin America). The report categorizes the levulinic acid market on the basis of application and region. A detailed analysis of leading players, along with key growth strategies adopted by them has also been provided in the report.

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