Skip to main content

Levulinic Acid Market for study 2021: Global development trends and forecasts analysis


The Levulinic Acid Market is projected to reach USD 32.5 million by 2021, at a CAGR of 14.0% during the forecast period. Growth in this market can be attributed to the increasing demand for bio-based platform chemicals for different applications, such as plasticizers, pharmaceuticals & cosmetics, among others. Levulinic acid is widely used as an anti-inflammatory agent.

Speak to Analyst @ https://bit.ly/2Hlwzpo

Moreover, large number of derivatives that are developed from levulinic acid, such as delta-amino levulinic acid (DALA), are used in pharmaceuticals for diagnosis and treatment (photodynamic therapy) of cancer and other medical cases. Thus, increase in use of chemicals made from bio-based feedstock and regulations imposed by regional authorities on use of oil-based chemicals are anticipated to drive the levulinic acid market during the forecast period.

Based on application, the levulinic acid market has been classified into plasticizers, pharmaceuticals & cosmetics, and others. The pharmaceuticals & cosmetics segment is estimated to grow at the fastest rate during the forecast period. This high growth rate can be attributed to increasing application of levulinic acid and its derivatives in the application industry.
Levulinic acid is increasingly used in anti-inflammatory medication, anti-allergy agent, mineral supplements, and others in the pharmaceuticals industry. It is also used in organic and natural cosmetic compositions in perfumes, and skin conditioning, and pH-regulating purposes.

The market for levulinic acid is still growing as compared to petroleum-based chemicals. Levulinic acid can also be used for various applications, such as food packing, fuel additives, polyurethanes, detergents, polymers, among others.
The Europe levulinic acid market is anticipated to grow at the highest CAGR between 2016 and 2021. This growth can be attributed to the increasing demand for levulinic acid from plasticizers, pharmaceuticals, and cosmetics industries. Germany is anticipated to lead the Europe levulinic acid market, in terms of consumption, during the forecast period.

Get 10% Free Customization on this report @ https://bit.ly/2tX1S21

Major market 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).
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. 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

Reference:
https://www.marketsandmarkets.com/Market-Reports/levulinic-acid-market-143960662.html?utm_source=blog%2FML

For more Info Visit Blog: https://chemicalsresearchmarket.wordpress.com/blog/

Labels:

Comments

Post a Comment

Popular posts from this blog

Who are the key manufacturers in the Ammonia Refrigerants Market?

  The ammonia refrigerants market is projected to reach USD 86.5 million by 2030, at a CAGR of 5.7% from USD 55.5 million in 2022. Ammonia is one of the most efficient refrigerants available and has a wide range of uses at different temperature and capacity. In addition to being natural the use of ammonia opens up the possibility of reduced energy consumption and secures long-term costs efficiency and sustainability. Ammonia is most commonly used for air conditioning systems and refrigeration systems. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254343156 Market Dynamics Driver: Eco-friendly aspect to drive the market One of the biggest advantages of ammonia gas as the refrigerant is that it is safe to the environment and does not cause any depletion of the ozone layer. Due to this it won’t have to be replaced with any alternative refrigerants as is the case with number of chlorofluorocarbons (CFCs). Ammonia is the oldest of all the refri...
Post a Comment
Read more

Metal Bonding Adhesives Market- Global Forecast to 2021

  The Metal Bonding Adhesives Market was valued at USD 5.30 Billion in 2015 and is projected to reach USD 7.70 Billion by 2021, at a CAGR of 6.5% from 2016 to 2021. Growth of the metal bonding adhesives market is propelled by the increasing adoption of metal bonding adhesives for automotive and industrial applications. Stringent government regulations to enhance fuel economy are further anticipated to boost the growth of the market. The Asia-Pacific region was the largest regional segment of the metal bonding adhesives, market, in terms of value and volume, in 2015. Industrial growth in countries such as India, Vietnam, Indonesia, and Thailand, and increased investments in chemicals, petrochemicals, oil & gas, and food & beverages industries are key factors driving the growth of the Asia-Pacific metal bonding adhesives market. Henkel AG & Co. KGaA (Germany), H.B. Fuller (U.S.), The 3M Company (U.S.), Sika AG (Switzerland), The Dow Chemical Company (U.S.), Arkema S...
Post a Comment
Read more

Dual Chamber Syringe Filling Machine Market Size,Insights, and Forecast 2025

  The Global Dual Chamber Syringe (DCS) Filling Machine Market size is projected to grow from USD 258 million in 2020 to USD 381 million by 2025, at a CAGR of 8.2% between 2020 and 2025. The growth is attributed to the growing biopharmaceutical industry, increasing production of lyophilized drugs and advancement in filling machine technologies. Browse 102 market data Tables and 29 Figures spread through 113 Pages and in-depth TOC on  "Dual Chamber Syringe (DCS) Filling Machine Market by Type (Automatic, Semi-Automatic and Manual), Application (Industrial Pharmacy and Hospital Pharmacy), and Region – Global Forecast To 2025". Syntegon Technology is one of the leading providers of packaging and processing technology. In 2019, Bosch (Germany) sold one of its subsidiaries, Bosch Packaging Technology, to CVC Capital Partners (Luxembourg) and was renamed as Syntegon Technology. The company manufactures products for four different segments, namely, pharma, biopharma & fine ...
Post a Comment
Read more