Global Levulinic Acid Market Trends, Forecast and Competitive
4.2.1: Market by Application: Plasticizers, Agriculture, Food Additives, Pharmaceuticals & Cosmetics, and Others ... 6.1.1: Growth Opportunities for Global Levulinic Acid Market by Application
Levulinic Acid Market Share, Size, Trends - 2016-2025
The levulinic acid market is projected to reach USD 32.5 Million by 2025, at a CAGR of 14.0% between 2016 and 2025. The key factor fueling the growth of the levulinic acid market is the increasing demand for levulinic acid from plasticizers, pharmaceuticals, and cosmetic industries.
Levulinic acid-based bioplasticizers: a facile approach to
Nowadays, conventional plasticizers (e.g. phthalates) do not meet the requirements in terms of renewability, biodegradability and cytotoxicity that have become necessary, especially if they are compounded with biopolymers. In this study, novel bioplasticizers are synthesized from levulinic acid via a protecting-group-free three-step process
Levulinic Acid Market Report: Trends, Forecast and
The global levulinic acid market is expected to grow with a CAGR of 6% from 2025 to 2024. The major growth drivers for this market are increasing demand for levulinic acid in the plasticizer and pharmaceutical & cosmetic industries. A more than 150 page report is developed to help in your business decisions.
Levulinic Acid Market Size & Share [2025 Global Report]
Europe was the second-largest consumer for levulinic acid in 2012, accounting for over 31% of the global volumes. North America levulinic acid market revenue is expected to grow at a CAGR of 4.6% from 2014 to 2025. The Europe region has recorded highest growth during the forecast period. Europe emerged as the largest market for levulinic acid
- What is the size of the levulinic acid market?
- The levulinic acid market size stood at $26.35 million in 2021. During 2021–2030, the growth rate of the levulinic acid market will be around 9.78%. Agricultural products is the largest application area in the levulinic acid market.
- Will levulinic acid market grow in Europe in 2021?
- The levulinic acid market in Europe is anticipated to grow at the highest CAGR between 2016 and 2021. Development of cost competitive levulinic acid, combined with high chemical functionality, is expected to increase the demand for levulinic acid as a platform chemical.
- Which country leads the APAC market for levulinic acid?
- China leads the APAC market. This is ascribed to the potential demand for levulinic acid from the personal care and agriculture industries in the country. Agriculture is one of the largest industries in China.
- What is levulinic acid?
- Levulinic acid, an organic compound derived from biomass, is increasingly gaining attention due to its sustainable and versatile chemical properties. As a platform chemical, it serves as a building block in various applications, ranging from agricultural chemicals to pharmaceuticals and biofuels.
- Why does China need levulinic acid?
- This is ascribed to the potential demand for levulinic acid from the personal care and agriculture industries in the country. Agriculture is one of the largest industries in China. Owing to the large-scale agricultural production in the nation, pesticides and herbicides are required in high volumes for the protection of crops.
- Who are the key players in the levulinic acid market?
- Other key players operational in the levulinic acid market are Biofine Inc. (U.S.), Avantium (Netherlands), Langfang Triple Well Chemicals Co. Ltd. (China), Simagchem Corporation (China), and Anhui Herman Impex Co. Ltd. (China), among others. These players are most active in the levulinic acid market and have an established distribution network.
