Global Levulinic Acid Market Research Report: Forecast (2024-2029)

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Global Levulinic Acid Market Report 2024 Size,
Share, Growth, Upcoming Trends Forecast 2029
The Global Levulinic Acid Market size is valued
at around USD 134 million in 2023 and is
estimated to grow at a CAGR of about 8.88 during
the forecast period, i.e., 2024-29.
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Market Insights

• The Global Levulinic Acid Market size is valued
  at around USD 134 million in 2023 and is
  estimated to grow at a CAGR of about 8.88 during
  the forecast period, i.e., 2024-29. The market is
  driven primarily by the increasing demand for
  Levulinic Acid due to its versatile properties
  extensive applications like food additives,
  fertilizers, resins, fuel additives biofuels,
  coating, cosmetics, and medical drugs, among
  others.
• The potential for low-cost production of
  Levulinic Acid from biomass is swiftly gaining
  the attention of several manufacturers, who are
  actively seeking ways to enhance effectiveness in
  bringing technological advancements to their
  products. In the fuel chemical sector, leading
  players are adopting new techniques for the
  direct production of this acid from biomass using
  furfuryl alcohol. The recognition of Levulinic
  Acid as a platform chemical presents a compelling
  market opportunity.

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Levulinic Acid Market Leading key players

• Segetis, Biofine Technology LLC, DuPont, Hefei
  TNJ Chemical Industry Co. Ltd., Haihang Industry
  Co. Ltd., Heroy Chemical Industry Co. Ltd.,
  GFBiochemicals Ltd., Vigon International Inc.

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Levulinic Acid Market Segmentation Analysis

• By Technology (Biofine, Acid Hydrolysis),
• By Application (Pharmaceuticals, Agriculture
  Organic potassium fertililizer DALA,
  2--Methylindole-3-acetic acid, Food Additives,
  Cosmetics),
• By Region (North America, South America, Europe,
  Global, Middle East and Africa)

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Major Target Areas
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