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Classified in: Covid-19 virus
Subjects: MRR, ESG

Levulinic Acid Market Size to Grow by 3436.9 tons with 35% of the contribution from North America - Technavio


NEW YORK, Sept. 5, 2022 /PRNewswire/ -- The latest market analysis report titled Levulinic Acid Market by End-user and Geography - Forecast and Analysis 2022-2026 has been added to Technavio's catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 7.68%. Technavio categorizes the global levulinic acid market as a part of the global commodity chemicals market. Our report provides extensive information on the value chain analysis for the levulinic acid market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

For more insights on the scope and value chain analysis, Read a FREE Sample Report

The report on the levulinic acid market provides a holistic update, market size and forecast, trends, growth drivers, challenges, and vendor analysis. One of the key factors driving the global levulinic acid market growth is the growing preference for levulinic acid over petroleum-based chemicals. LA-esters and ketals have various potential applications, including fragrance ingredients, cleaner-burning fuel additives, and a renewable chemical intermediate for downstream value addition. LA-esters are commercialized as niche fruity flavor and fragrance ingredients. Levulinic acid-derived ketal plasticizers are being used to replace phthalate-based plasticizers, which hold the major share in the global plastics industry. The growing interest in sustainable bio-plasticizers will drive the levulinic acid market during the forecast period. 

Furthermore, The production of green transportation fuels from biomass is one of the key levulinic acid market trends that is expected to impact the industry positively in the forecast period. LA derivatives are increasingly being used as fuel additives and as a replacement for the current cetane improvers and cold-flow performers for diesel. The demand for green transportation fuel, such as green gasoline, green jet fuel, and green diesel, is also increasing. GTFs are compatible with the existing combustion engines and petroleum refinery infrastructure. The growing use of LA derivatives to produce renewable biodiesel and jet fuel will augment the market growth in the forecast years.

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Technavio analyzes the market by End-user (Agriculture, Pharmaceuticals, Food and beverage, Cosmetics, and Others) and Geography (North America, Europe, APAC, South America, and Middle East and Africa).

Revenue-generating Segment Insights: The levulinic acid market share growth in the agriculture segment will be significant during the forecast period. This can be attributed to the increased preference for bio-based agricultural products. LA is considered a bio-based additive and can be utilized in fertilizers, herbicides, insecticides, and other agricultural products. 

Regional opportunities: 35% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for levulinic acids in North America. Market growth in this region will be faster than the growth of the market in Europe. The growing demand from the personal care and food and beverage industries in countries such as the US will facilitate the levulinic acid market growth in North America over the forecast period.

Fetch a PDF Sample Report for Segment-wise Insights and Regional Contribution
The levulinic acid market covers the following areas:

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Levulinic Acid Market Sizing
Levulinic Acid Market Forecast
Levulinic Acid Market Analysis

Companies Mentioned

The levulinic acid market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. This statistical study of the levulinic acid market encompasses successful business strategies deployed by the key vendors. The levulinic acid market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. To make the most of the opportunities and recover from the pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Want to know about the product offerings of the vendors and their strategic initiatives, Download a Sample Report PDF
Related Reports:
Thermoplastic Polyurethane Market by Product, Application, and Geography - Forecast and Analysis 2022-2026
P-Phenylenediamine Market by Application and Geography - Forecast and Analysis 2022-2026

Levulinic Acid Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.68%

Market growth 2022-2026

3436.9 tons

Market structure

Fragmented

YoY growth (%)

7.2

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key consumer countries

US, Canada, China, Germany, Italy, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Advanced Biotech, Augustus Oils Ltd., Aurochemicals, BEIJING LYS CHEMICALS Co. Ltd., Charkit Chemical Co. LLC., De Monchy Aromatics Ltd., GFBiochemicals Ltd., Hefei TNJ Chemical Industry Co. Ltd., Merck and Co. Inc., Otto Chemie Pvt. Ltd., RXChemicals, Shanghai M and U International Trade Co. Ltd., Simagchem Corp., Synerzine Inc., The Sherwin Williams Co., Tokyo Chemical Industry Co. Ltd., and Vigon International Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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