Levulinic Acid Market - Forecast (2022 - 2027) - PowerPoint PPT Presentation

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Levulinic Acid Market - Forecast (2022 - 2027)

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The Levulinic Acid Market size is forecast to reach US$25.7 million by 2027, after growing at a CAGR of 8.8% during 2022-2027 owing to rising demand from various end-use industries such as pharmaceuticals, personal care, food and beverages, agriculture, and other industries to maintain their acidic balance. Levulinic acid is an organic compound and it is categorized under keto acids. It is obtained from the degradation of cellulose and is a potential precursor to biofuels, such as ethyl levulinate. The growth of biofuels application in recent times has resulted in the growth of the levulinic acid market, as it is used in making biofuels. The levulinic acid industry has been benefited from the growing demand for derivatives such as levulinic acid esters (LA-Easter), levulinic acid katels (LA-Katels), and others because these are recognized and versatile molecules to meet today’s demand for sustainability. – PowerPoint PPT presentation

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Title: Levulinic Acid Market - Forecast (2022 - 2027)


1
Levulinic Acid MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report (2022 - 2027)
Contact Venkat Reddy sales_at_industryarc.com
(1) 970-236-3677
2
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  • The Levulinic Acid Market size is forecast to
    reach US25.7 million by 2027, after growing at a
    CAGR of 8.8 during 2022-2027.
  • owing to rising demand from various end-use
    industries such as pharmaceuticals, personal
    care, food and beverages, agriculture, and other
    industries to maintain their acidic balance.
  • Levulinic acid is an organic compound and it is
    categorized under keto acids. It is obtained from
    the degradation of cellulose and is a potential
    precursor to biofuels, such as ethyl levulinate.
    The growth of biofuels application in recent
    times has resulted in the growth of the levulinic
    acid market, as it is used in making biofuels.

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Email sales_at_industryarc.com
3

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Key Takeaways
  • Europe region dominates the levulinic acid
    market, owing to the increasing cosmetic
    manufacturing in the region. For instance,
    according to Cosmetic Europe- the personal care
    association, in 2020 Europe was the largest
    cosmetic market at the global level with annual
    sales of 76.7 billion (US87.6 billion).
  • Levulinic acid is extensively used as a
    food-grade preservative in the food and beverage
    industry which helps in slowing microbial growth.
    The growing demand for the food and beverage
    industry has increased the demand for the
    levulinic acid market.

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4
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  • By Distribution Channel- Segment Analysis
  • The liquid segment held the largest share in the
    levulinic market in 2021. Before commercial use,
    levulinic acid was prepared using heating
    fructose with hydrochloric acid.
  • The biofine segment held the largest share in the
    levulinic acid market in 2021. The wide use of
    biofine technology in levulinic acid is
    attributed because it avoids the usage of
    microorganisms.

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5
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  • Coating Additives Market  Industry Outlook 
  • GF Biochemicals, Ltd.
  • Toyota Chemical Co. Ltd
  • Heroy Chemical Industry Co., Ltd.
  • Biofine Technology LLC
  • Parchem Fine Speciality Chemicals Co., Ltd.
  • Apple Flavor Fragrance Group Co., Ltd.
  • China Shijiazhuang Pharmaceutical Group Co. Ltd.

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6
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Levulinic Acid Market - Forecast(2022 -
2027) Learn More About the Report _at_
https//www.industryarc.com/Report/16051/levulinic
-acid-market.html
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Email sales_at_industryarc.com
7
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  • You Can Customize the Report as Per Your Need.
    We have included Some Customization Options
  • Company Profile
  • Analyst Briefing
  • Data Tables
  • Key Contacts
  • Free Customization
  • Purchase Full Report _at_ https//www.industryarc.com
    /purchasereport.php?id16051

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8
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
_at_ http//www.linkedin.com/company/industryarc
Contact (1) 970-236-3677
Inquiry Before Buying
Email sales_at_industryarc.com
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