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 a...
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