Levulinic Acid Market
Levulinic Acid Market Analysis By Application (Agriculture, Pharmaceutical, Food Additives, Other Applications) & By Region (North America, Latin America, Europe, Asia Pacific) - Global Market Insights 2022-2032
Analysis of Levulinic Acid Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Levulinic Acid Market Growth Outlook 2022-2032
The global levulinic acid market is estimated at around US$ 31.1 Million in 2022. With a projected CAGR of 15.3% for the next ten years.
The market is likely to reach a valuation of nearly US$ 127.2 Million by the end of 2032.
Levulinic Acid is witnessing a significant boost in demand, largely due to the reduction in production costs for the material. While Levulinic acid has been in production even historically, it is only recently that technology has been developed enough to tap into to the actual potential of Levulinic Acid.
Fact.MR analysis reveals that most of the market revenue is grossed from the Agriculture application, which has a forecasted CAGR of 18.3% by 2032 and accounted for 29.9% of the global market in 2021.
Report Attributes |
Details |
|
Market Size in 2022 |
US$ 28.1 Million |
|
Estimated Market Value (2022E) |
US$ 31.1 Million |
|
Forecasted Market Value (2032) |
US$ 127.2 Million |
|
Global Market Growth Rate (2022-2032) |
15.3% CAGR |
|
United States Levulinic Acid Market Size (2022) |
US$ 9.1 Million |
|
United States Growth Rate (2022-2032) |
15.9% CAGR |
|
Key Companies |
|
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Sales Analysis of Levulinic Acid from 2017 to 2021 Vs Market Outlook for 2022 to 2032
The global market for Levulinic Acid expanded at a CAGR of 11.3% in the 2017-2021 time period. The market is projected to surge ahead at a CAGR of 15.3% and record sales worth US$ 127.2 Million by the end of 2032.
One key component for Levulinic acid demand is the fact that it can be created using renewable resources and even waste like starch waste, and lignocellulosic biomass. Both biofine and acid hydrolysis are being used to produce Levulinic acid.
Under the biofine process, a double-step mineral acid hydrolysis process is used. This helps break down biomass into usable platform chemicals like Levulinic acid and other related products or derivatives. This process generates four different products, which include Levulinic acid and formic acid.
What are the varied uses for the derivatives of Levulinic acid and how are they driving the market?
The use of the varied derivatives of Levulinic Acid is driving demand for the acid Methyltetrahydrofuran or MeTHF which is emerging as a possible THF substitute. It has several advantages, such as the green benefits of low solubility which makes it easy to recover.
It shows potential for use in synthesis as well, particularly that of organometallics and lignocellulose processing. The DOE or US Department of Energy has approved its usage in many fuel blends.
Ethyl-levulinate in particular is being researched for its use as a NOX-emission control agent in high-compression diesel engines. Gammavalerolactone or GVL is a solvent for paint stripping and other industrial processes. It also finds use as a monomer and starting material for some isomer types. It benefits from high solvating power and low vapor pressure.
Delta-amino Levulinic Acid or DALA has widespread use primarily as a pesticide that is attractive due to the environmental benefits it has over commonly used pesticides and herbicides. 1,4-Pentanediol or PDO derived from Levulinic acid is a relatively lower-cost PeDo that has lower levels of leaching potential leaching, making it attractive for potential usage in DDS systems.
Alpha-methylene-gammavalerolactone or alphamGVL is a temperature booster that can enhance desirable characteristics such as scratch resistance in plastic.
Ketals and esters produced from Levulinic acid have a multicity of uses. The high degreasing ability of ketals and their relatively more green, bio-based and sustainable nature is leading to their increased usage in various areas, such as in metal cleaning and in use as plasticizers. Esters are often used as flavor and fragrance agents.
Sodium Levulinate, a salt of Levulinic acid, is finding widespread use, particularly in the cosmetic and personal care industry. It can help in preserving foods, particularly in the preservation of red meats.
It helps prevent the growth of aerobic microorganisms in storage without causing any significant changes in pH levels or the color of the product. It is thus being used for its antimicrobial and antibacterial action potential.
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How is Levulinic Acid a key component in cigarettes?
Levulinic Acid is a key ingredient in cigarettes, because it can soften the effects of nicotine while desensitizing the upper respiratory tract and allowing deeper inhalation of the smoke itself. Its usage also increases the smooth and mild sensations of cigarette use. There have also been researches that find that Levulinic acid was used as a method to augment nicotine yield.
Research has also indicated that Levulinic acid is an enhancer for the process in which nicotine binds itself to neurons by increasing the brain’s receptiveness to nicotine. This usage, however, is expected to witness obstructions because the increase in the addictive nature of cigarettes is a healthcare hindrance as it leads to nicotine addictions, which are very harmful to human health.
Why the demand for levulinic acid is increasing in the personal care industry?
The use of Levulinic acid in personal care and fragrances is giving a boost to the market, with sodium levulinate specifically finding widespread use. They are being used to provide perfuming, pH regulation, and skin benefits. Levulinate ketals are used as formulation aids and help increase water loading, boost the actives range and reduce the greasy feeling from formulations.
Levulinic acid is also widely used in the flavoring and fragrances industry, with a derivative, levulinate ester, being used as a flavoring agent. They can reduce VOC content, solubilize fragrances and other included solids, and act as fixatives. Owing to these factors, the demand for levulinic acid is increasing in the personal care industry.
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Region-wise Insights
How Europe contributes to the demand for Levulinic Acid?
Europe is a significant contributor to the demand for Levulinic acid, having witnessed a CAGR of 12.2% during 2017 – 2022. Several prominent players in the market for Levulinic Acid are headquartered in Europe, which is the key reason why it is an emerging market for demand.
Levulinic acid was identified as a top biochemical and green chemical to drive bio-based industries in the UK.
GreenSolRes was a project consortium in Europe for the study of Levulinic acid. It received funding from the European Union’s Horizon 2020 Program of approximately US$ 7.6 Mn contribution. It aimed to study and prove the commercial viability of Levulinic acid, and to show that solvent and resin production from biomass was viable as well.
Country-wise Insights
United States Levulinic Acid Market Analysis
The market in the US is forecasted to reach a market size of US$ 39 Mn at a CAGR of 15.9%. The FDA has approved Levulinic acid. In 2022, the United States Department of Energy (USDOE) identified Levulinic acid as an important platform chemical for green industrial chemical process development. In 2019, the MTI, or The Maine Technology Institute, announced that had awarded funding to a bio-based Levulinic acid project by Biofine Developments Northeast.
U.K. Levulinic Acid Market Analysis
The Levulinic acid market in the U.K. is expected to grow from a meagre US$ 1.1 Mn in 2021 to reach a valuation of US$ 6.2 Mn by 2032, with nearly five-fold growth. The market in the country is expected to register an absolute dollar opportunity of US$ 5 Mn, growing at a CAGR of 17.3% during 2022 – 2032.
Japan Levulinic Acid Market Analysis
The market in Japan is expected to reach a valuation of US$ 7.3 Mn, growing from US$ 1 Mn in 2021. The market in the country is expected to gross an absolute dollar opportunity of US$ 6.2 Mn, with a forecasted CAGR of 21.2% during 2022 – 2032.
South Korea Levulinic Acid Market Analysis
In South Korea, the market is expected to reach nearly US$ 3 Mn by 2032, growing at a CAGR of 14.8% during 2022 – 2032. The market in the country is likely to garner an absolute dollar opportunity of 2 Mn during the forecast period.
Category-wise Insights
Which application of Levulinic Acid is the driver of demand for the market?
The levulinic acid market through Agricultural application, which witnessed a CAGR of 12.6% during 2017 – 2021, is forecasted to grow at a CAGR of 18.3% for the next decade. DALA or Delta Amino Levulinic Acid is in use as an herbicide. Solvents based on Levulinic Acid can be used for enhancements as adjuvants. It is also being used as an inhibitor of microbial growth where required. Agriculture is the highest revenue-generating application, with a 2021 market share of 29.9% and a forecasted market share of 39%.
Competitive Landscape
Levulinic Acid developers are focused on further research to harness the edge their products are gaining due to their environmental benefits. The key companies operating include Anhui Herman Impex Co Ltd, AkzoNobel, Avantium, International Inc., CSPC Pharmaceutical Group, DuPont, G.F. Biochemicals Ltd, Great Chemicals Co. Ltd., Hebei Shijiazhuang Hefei TNJ Chemical Industry Co., Ltd., Jotun A/S, KCC Corporation, Langfang Triple Well Chemicals Co. Ltd, Simagchem Corporation, Sherwin-Williams, Segetis and The Valspar Corporation, amongst others.
Some of the recent developments in Levulinic Acid are as follows:
- In May 2022, GF Biochemicals announced that they had raised US$ 16 Mn in their series A funding, with plans to use the money generated for R&D and the development of a new facility.
- In June 2021, Origin Materials, a carbon-negative materials company that has, among other products, Levulinic acid as a product, announced the listing of their shares on NASDAQ through a SPAC merger, which puts the valuation of Origin at US$ 1.8 Bn.
- In February 2020, GF Biochemicals and Towell Engineering announced a partnership through the forming of a joint venture under the name Nxtlevvel. Nxxtlevvel plans to open a plant in Europe or India, aiming to produce and sell Levulinic acid derivatives.
- In March 2017, Bio-On and Sadam Group announced the launch of a new project, which aims to produce Levulinic acid from the sugar industry by-products.
- In January 2022, Summit Cosmetics Corporation, or SCC and NXTLEVVEL, announced a Global Distribution Agreement, which gives SCC sales rights for 5 years.
- In October 2021, Brenntag and NXTLEVVEL announced a distribution contract. Under this contract, the lineup includes levulinates and levulinate ketals.
Similarly, recent developments related to companies manufacturing Levulinic Acid have been tracked by the team at Fact.MR, which is available in the full report.
Key Segments Covered in Levulinic Acid Industry Survey
-
By Application:
- Agriculture
- Pharmaceutical
- Food Additives
- Other Applications
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By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Bn) & Volume (Tonnes) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Bn) & Volume (Tonnes) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Application 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Bn) & Volume (Tonnes) Analysis By Application, 2017-2021 5.3. Current and Future Market Size Value (US$ Bn) & Volume (Tonnes) Analysis and Forecast By Application, 2022-2032 5.3.1. Agriculture 5.3.2. Pharmaceutical 5.3.3. Food Additives 5.3.4. Other Applications 5.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021 5.5. Absolute $ Opportunity Analysis By Application, 2022-2032 6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region 6.1. Introduction 6.2. Historical Market Size Value (US$ Bn) & Volume (Tonnes) Analysis By Region, 2017-2021 6.3. Current Market Size Value (US$ Bn) & Volume (Tonnes) Analysis and Forecast By Region, 2022-2032 6.3.1. North America 6.3.2. Latin America 6.3.3. Europe 6.3.4. Asia Pacific 6.3.5. MEA 6.4. Market Attractiveness Analysis By Region 7. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 7.1. Historical Market Size Value (US$ Bn) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2017-2021 7.2. Market Size Value (US$ Bn) & Volume (Tonnes) Forecast By Market Taxonomy, 2022-2032 7.2.1. By Country 7.2.1.1. U.S. 7.2.1.2. Canada 7.2.2. By Application 7.3. Market Attractiveness Analysis 7.3.1. By Country 7.3.2. By Application 7.4. Key Takeaways 8. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 8.1. Historical Market Size Value (US$ Bn) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2017-2021 8.2. Market Size Value (US$ Bn) & Volume (Tonnes) Forecast By Market Taxonomy, 2022-2032 8.2.1. By Country 8.2.1.1. Brazil 8.2.1.2. Mexico 8.2.1.3. Rest of Latin America 8.2.2. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Application 8.4. Key Takeaways 9. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Bn) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Bn) & Volume (Tonnes) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. Germany 9.2.1.2. U.K. 9.2.1.3. France 9.2.1.4. Spain 9.2.1.5. Italy 9.2.1.6. Russia 9.2.1.7. Rest of Europe 9.2.2. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Application 9.4. Key Takeaways 10. Asia Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Bn) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Bn) & Volume (Tonnes) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. China 10.2.1.2. Japan 10.2.1.3. India 10.2.1.4. South Korea 10.2.1.5. Australia 10.2.1.6. Rest of APAC 10.2.2. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Application 10.4. Key Takeaways 11. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Bn) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Bn) & Volume (Tonnes) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. South Africa 11.2.1.2. Saudi Arabia 11.2.1.3. UAE 11.2.1.4. Israel 11.2.1.5. Rest of MEA 11.2.2. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Application 11.4. Key Takeaways 12. Key Countries Market Analysis 12.1. Value (US$ Bn) & Volume (Tonnes)ed States 12.1.1. Pricing Analysis 12.1.2. Market Share Analysis, 2021 12.1.2.1. By Application 12.2. Canada 12.2.1. Pricing Analysis 12.2.2. Market Share Analysis, 2021 12.2.2.1. By Application 12.3. Brazil 12.3.1. Pricing Analysis 12.3.2. Market Share Analysis, 2021 12.3.2.1. By Application 12.4. Mexico 12.4.1. Pricing Analysis 12.4.2. Market Share Analysis, 2021 12.4.2.1. By Application 12.5. Germany 12.5.1. Pricing Analysis 12.5.2. Market Share Analysis, 2021 12.5.2.1. By Application 12.6. U.K. 12.6.1. Pricing Analysis 12.6.2. Market Share Analysis, 2021 12.6.2.1. By Application 12.7. France 12.7.1. Pricing Analysis 12.7.2. Market Share Analysis, 2021 12.7.2.1. By Application 12.8. Spain 12.8.1. Pricing Analysis 12.8.2. Market Share Analysis, 2021 12.8.2.1. By Application 12.9. Italy 12.9.1. Pricing Analysis 12.9.2. Market Share Analysis, 2021 12.9.2.1. By Application 12.10. Russia 12.10.1. Pricing Analysis 12.10.2. Market Share Analysis, 2021 12.10.2.1. By Application 12.11. China 12.11.1. Pricing Analysis 12.11.2. Market Share Analysis, 2021 12.11.2.1. By Application 12.12. Japan 12.12.1. Pricing Analysis 12.12.2. Market Share Analysis, 2021 12.12.2.1. By Application 12.13. India 12.13.1. Pricing Analysis 12.13.2. Market Share Analysis, 2021 12.13.2.1. By Application 12.14. South Korea 12.14.1. Pricing Analysis 12.14.2. Market Share Analysis, 2021 12.14.2.1. By Application 12.15. Australia 12.15.1. Pricing Analysis 12.15.2. Market Share Analysis, 2021 12.15.2.1. By Application 12.16. South Africa 12.16.1. Pricing Analysis 12.16.2. Market Share Analysis, 2021 12.16.2.1. By Application 12.17. Saudi Arabia 12.17.1. Pricing Analysis 12.17.2. Market Share Analysis, 2021 12.17.2.1. By Application 12.18. UAE 12.18.1. Pricing Analysis 12.18.2. Market Share Analysis, 2021 12.18.2.1. By Application 12.19. Israel 12.19.1. Pricing Analysis 12.19.2. Market Share Analysis, 2021 12.19.2.1. By Application 13. Market Structure Analysis 13.1. Competition Dashboard 13.2. Competition Benchmarking 13.3. Market Share Analysis of Top Players 13.3.1. By Regional 13.3.2. By Application 14. Competition Analysis 14.1. Competition Deep Dive 14.1.1. Anhui Herman Impex Co Ltd 14.1.1.1. Overview 14.1.1.2. Product Portfolio 14.1.1.3. Profitability by Market Segments 14.1.1.4. Sales Footprint 14.1.1.5. Strategy Overview 14.1.1.5.1. Marketing Strategy 14.1.1.5.2. Product Strategy 14.1.1.5.3. Channel Strategy 14.1.2. AkzoNobel 14.1.2.1. Overview 14.1.2.2. Product Portfolio 14.1.2.3. Profitability by Market Segments 14.1.2.4. Sales Footprint 14.1.2.5. Strategy Overview 14.1.2.5.1. Marketing Strategy 14.1.2.5.2. Product Strategy 14.1.2.5.3. Channel Strategy 14.1.3. Avantium 14.1.3.1. Overview 14.1.3.2. Product Portfolio 14.1.3.3. Profitability by Market Segments 14.1.3.4. Sales Footprint 14.1.3.5. Strategy Overview 14.1.3.5.1. Marketing Strategy 14.1.3.5.2. Product Strategy 14.1.3.5.3. Channel Strategy 14.1.4. Biofine International Inc. 14.1.4.1. Overview 14.1.4.2. Product Portfolio 14.1.4.3. Profitability by Market Segments 14.1.4.4. Sales Footprint 14.1.4.5. Strategy Overview 14.1.4.5.1. Marketing Strategy 14.1.4.5.2. Product Strategy 14.1.4.5.3. Channel Strategy 14.1.5. CSPC Pharmaceutical Group 14.1.5.1. Overview 14.1.5.2. Product Portfolio 14.1.5.3. Profitability by Market Segments 14.1.5.4. Sales Footprint 14.1.5.5. Strategy Overview 14.1.5.5.1. Marketing Strategy 14.1.5.5.2. Product Strategy 14.1.5.5.3. Channel Strategy 14.1.6. DuPont 14.1.6.1. Overview 14.1.6.2. Product Portfolio 14.1.6.3. Profitability by Market Segments 14.1.6.4. Sales Footprint 14.1.6.5. Strategy Overview 14.1.6.5.1. Marketing Strategy 14.1.6.5.2. Product Strategy 14.1.6.5.3. Channel Strategy 14.1.7. G.F. Biochemicals Ltd 14.1.7.1. Overview 14.1.7.2. Product Portfolio 14.1.7.3. Profitability by Market Segments 14.1.7.4. Sales Footprint 14.1.7.5. Strategy Overview 14.1.7.5.1. Marketing Strategy 14.1.7.5.2. Product Strategy 14.1.7.5.3. Channel Strategy 14.1.8. Great Chemicals Co. Ltd. 14.1.8.1. Overview 14.1.8.2. Product Portfolio 14.1.8.3. Profitability by Market Segments 14.1.8.4. Sales Footprint 14.1.8.5. Strategy Overview 14.1.8.5.1. Marketing Strategy 14.1.8.5.2. Product Strategy 14.1.8.5.3. Channel Strategy 14.1.9. Great Chemicals Co. Ltd. 14.1.9.1. Overview 14.1.9.2. Product Portfolio 14.1.9.3. Profitability by Market Segments 14.1.9.4. Sales Footprint 14.1.9.5. Strategy Overview 14.1.9.5.1. Marketing Strategy 14.1.9.5.2. Product Strategy 14.1.9.5.3. Channel Strategy 14.1.10. Jotun A/S 14.1.10.1. Overview 14.1.10.2. Product Portfolio 14.1.10.3. Profitability by Market Segments 14.1.10.4. Sales Footprint 14.1.10.5. Strategy Overview 14.1.10.5.1. Marketing Strategy 14.1.10.5.2. Product Strategy 14.1.10.5.3. Channel Strategy 15. Assumptions & Acronyms Used 16. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Bn) Forecast by Region, 2017-2032
Table 2: Global Market Volume (Tonnes) Forecast by Region, 2017-2032
Table 3: Global Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 4: Global Market Volume (Tonnes) Forecast by Application, 2017-2032
Table 5: North America Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 6: North America Market Volume (Tonnes) Forecast by Country, 2017-2032
Table 7: North America Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 8: North America Market Volume (Tonnes) Forecast by Application, 2017-2032
Table 9: Latin America Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 10: Latin America Market Volume (Tonnes) Forecast by Country, 2017-2032
Table 11: Latin America Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 12: Latin America Market Volume (Tonnes) Forecast by Application, 2017-2032
Table 13: Europe Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 14: Europe Market Volume (Tonnes) Forecast by Country, 2017-2032
Table 15: Europe Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 16: Europe Market Volume (Tonnes) Forecast by Application, 2017-2032
Table 17: Asia Pacific Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 18: Asia Pacific Market Volume (Tonnes) Forecast by Country, 2017-2032
Table 19: Asia Pacific Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 20: Asia Pacific Market Volume (Tonnes) Forecast by Application, 2017-2032
Table 21: MEA Market Value (US$ Bn) Forecast by Country, 2017-2032
Table 22: MEA Market Volume (Tonnes) Forecast by Country, 2017-2032
Table 23: MEA Market Value (US$ Bn) Forecast by Application, 2017-2032
Table 24: MEA Market Volume (Tonnes) Forecast by Application, 2017-2032
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List Of Figures
Figure 1: Global Market Value (US$ Bn) by Application, 2022-2032
Figure 2: Global Market Value (US$ Bn) by Region, 2022-2032
Figure 3: Global Market Value (US$ Bn) Analysis by Region, 2017-2032
Figure 4: Global Market Volume (Tonnes) Analysis by Region, 2017-2032
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 7: Global Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 8: Global Market Volume (Tonnes) Analysis by Application, 2017-2032
Figure 9: Global Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 10: Global Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 11: Global Market Attractiveness by Application, 2022-2032
Figure 12: Global Market Attractiveness by Region, 2022-2032
Figure 13: North America Market Value (US$ Bn) by Application, 2022-2032
Figure 14: North America Market Value (US$ Bn) by Country, 2022-2032
Figure 15: North America Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 16: North America Market Volume (Tonnes) Analysis by Country, 2017-2032
Figure 17: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 18: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 19: North America Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 20: North America Market Volume (Tonnes) Analysis by Application, 2017-2032
Figure 21: North America Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 22: North America Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 23: North America Market Attractiveness by Application, 2022-2032
Figure 24: North America Market Attractiveness by Country, 2022-2032
Figure 25: Latin America Market Value (US$ Bn) by Application, 2022-2032
Figure 26: Latin America Market Value (US$ Bn) by Country, 2022-2032
Figure 27: Latin America Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 28: Latin America Market Volume (Tonnes) Analysis by Country, 2017-2032
Figure 29: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 30: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 31: Latin America Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 32: Latin America Market Volume (Tonnes) Analysis by Application, 2017-2032
Figure 33: Latin America Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 34: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 35: Latin America Market Attractiveness by Application, 2022-2032
Figure 36: Latin America Market Attractiveness by Country, 2022-2032
Figure 37: Europe Market Value (US$ Bn) by Application, 2022-2032
Figure 38: Europe Market Value (US$ Bn) by Country, 2022-2032
Figure 39: Europe Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 40: Europe Market Volume (Tonnes) Analysis by Country, 2017-2032
Figure 41: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 42: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 43: Europe Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 44: Europe Market Volume (Tonnes) Analysis by Application, 2017-2032
Figure 45: Europe Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 46: Europe Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 47: Europe Market Attractiveness by Application, 2022-2032
Figure 48: Europe Market Attractiveness by Country, 2022-2032
Figure 49: Asia Pacific Market Value (US$ Bn) by Application, 2022-2032
Figure 50: Asia Pacific Market Value (US$ Bn) by Country, 2022-2032
Figure 51: Asia Pacific Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 52: Asia Pacific Market Volume (Tonnes) Analysis by Country, 2017-2032
Figure 53: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 54: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 55: Asia Pacific Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 56: Asia Pacific Market Volume (Tonnes) Analysis by Application, 2017-2032
Figure 57: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 58: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 59: Asia Pacific Market Attractiveness by Application, 2022-2032
Figure 60: Asia Pacific Market Attractiveness by Country, 2022-2032
Figure 61: MEA Market Value (US$ Bn) by Application, 2022-2032
Figure 62: MEA Market Value (US$ Bn) by Country, 2022-2032
Figure 63: MEA Market Value (US$ Bn) Analysis by Country, 2017-2032
Figure 64: MEA Market Volume (Tonnes) Analysis by Country, 2017-2032
Figure 65: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 66: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 67: MEA Market Value (US$ Bn) Analysis by Application, 2017-2032
Figure 68: MEA Market Volume (Tonnes) Analysis by Application, 2017-2032
Figure 69: MEA Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 70: MEA Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 71: MEA Market Attractiveness by Application, 2022-2032
Figure 72: MEA Market Attractiveness by Country, 2022-2032
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- FAQs -
What is the Levulinic Acid Market Forecast through 2032?
The Levulinic Acid industry is set to witness a growth rate of 15.3% over the forecast period and be valued at US$ 127.2 Mn by 2032.
At what rate did demand for Levulinic Acid increase over the past few years?
The Levulinic Acid Market expanded at 11.3% from 2015 through 2021.
Who are the key players shaping the Levulinic Acid Industry?
Anhui Herman Impex Co Ltd, AkzoNobel, Avantium, International Inc., CSPC Pharmaceutical Group, DuPont, G.F. Biochemicals Ltd, Great Chemicals Co. Ltd., Hebei Shijiazhuang Hefei TNJ Chemical Industry Co., Ltd., Jotun A/S, KCC Corporation, Langfang Triple W
Which application of Levulinic Acid is driving market demand?
Agricultural applications of Levulinic Acid are driving the demand significantly, having witnessed a CAGR of 12.6%, with a forecasted CAGR of 18.3%.
Who are the top 5 countries driving the highest sales of Levulinic Acid?
US, UK, China, Japan, and South Korea are expected to be the key drivers of sales.
Levulinic Acid Market