Levulinic Acid Market Research Report - Forecast to 2027

Levulinic Acid Market Information: by Technology (Acid Hydrolysis Production Process, Biofine), by Application (Food Additive, Pharmaceuticals, Cosmetic & Personal Care and Others) and Region - Forecast till 2027

ID: MRFR/CnM/1108-HCR | February 2021 | Region: Global | 133 pages

Levulinic Acid Market Overview


Levulinic acid is an organic compound that is obtained from cellulose degradation. It is also called Keto acid and is produced from brewery waste, manure, and biomass waste. Levulinic acid is considered a petroleum-based product replacement. Also, levulinic acid is being produced by furfuryl alcohol acidic hydrolysis and by the oxidation of ketones. The development of bio-based levulinic acid is increasing with the increasing research and development activities in various chemical industries. Accordingly, the levulinic acid market is growing its demand and bringing major opportunities for the market.


Levulinic acid has been segmented into technology, end-users, and application. The global levulinic acid market is classified into agriculture, food, beverages, pharmaceuticals, and cosmetics & personal care if looking into the end-user industries segment. Out of the entire application segment, the plasticizers segment is predicted to increase the growth of the global market during the forecast years, and it is considered to lead the global market. This segment is increasing its demand across various regions due to the levulinic acid use to increase flexibility in plastics or polyvinyl chloride (PVC). During the forecast year, agriculture and pharmaceutical segments are predicted to increase the levulinic acid market size at a 5% CAGR. Along with that, the global market is driving its growth due to the increasing phthalate plasticizers replacement by levulinic acid in polyvinyl chloride (PVC) production. Moreover, the increasing application of PVC in the automobile and construction field is boosting up the global levulinic acid market growth. Also, the global market is growing its demand due to the increasing application of levulinic acid in biofuel, pesticides, and pharmaceuticals production. It has also been found that levulinic acid is widely used as food additives and also used in cigarettes to intensify the nicotine content.


The global levulinic acid market report has focused on the overall growth of the global market and recent ongoing research and development in various regions. This report has highlighted the market dynamics, market segmentation, competitive analysis, regional analysis, COVID-19 analysis, and other factors to understand its challenges, growth, opportunities, competitions, restraints, supply chain, and global market demands. It has been found that the global market is presently performing well and expected to generate a higher levulinic acid market size in the forecast period.


COVID-19 Impact on Global Market


COVID 19 pandemic brought lots of burden to the global marketing sectors, and global levulinic acid market is one among them. In the first half of the year 2020, the worldwide lockdown has brought many challenges for the global market like lack of transportations, shortage of workforce, less production, reduction in demands of the products, and many others. This is not all; the global market has also lost its investors.


Hence, the key players are giving their all efforts to increase the levulinic acid market’s performance in all the regions. They are well aware of the pandemic situation and implying appropriate strategies to combat the situation.


Competitive Landscape Analysis


The levulinic acid market has important key players such as:



  • GF Biochemicals Ltd. (Italy),

  • Langfang Triple Well Chemicals Co. Ltd (China),

  • Biofine International Inc. (U.S.), Avantium (Netherlands),

  • Simagchem Corporation (China),

  • Hefei TNJ Chemical Industry Co., Ltd. (China),

  • CSPC Pharmaceutical Group (China),

  • Great Chemicals Co. Ltd. (China),

  • Anhui Herman Impex Co Ltd (China),

  • DuPont (U.S.).


Market Dynamics



  • Major Drivers of the Market


The increasing application of PVC in the automobile and construction field is boosting up the global levulinic acid market growth. Also, the global market is growing its demand due to the increasing application of levulinic acid in biofuel, pesticides, and pharmaceuticals production. It can be the growth driving factor for the global market.


Moreover, the increasing industrial developments and urbanization in the developing nation is another growth driving factor for the global market. It has also been found that levulinic acid is widely used as food additives and also used in cigarettes to intensify the nicotine content. This can also increase the demand for the global levulinic acid market.



  • Opportunities for the Global Market


The development of bio-based levulinic acid is increasing with the increasing research and development activities in various chemical industries. Accordingly, the global levulinic acid market is growing its demand and bringing major opportunities for the global market.


Therefore, the levulinic acid market report explains that the key players are giving their all efforts to increase the global market’s performance in all the regions.



  • Restraints of Global Market


The increasing application of PVC in the automobile and construction field is boosting up the global levulinic acid market growth. The global market might face restraints in fulfilling the demands of all the regions within a limited period of time.


Another restraint was COVID 19 for the levulinic acid market. In the year 2020, the global market has lost its investors, which has impacted its growth. In the present scenario, the key players are making all their efforts to increase the global market’s performance in all the regions.



  • Challenges for the Global Market


In the first half of the year 2020, the worldwide lockdown has brought many challenges for the global levulinic acid market, such as lack of transportations, shortage of workforce, less production, reduction in demands of the products, and many others. This is not all; the global market has also lost its investors.


The levulinic acid market report explains that the key players study the emerging challenges well, and they are implying appropriate strategies for that. 



  • Cumulative Growth Analysis


During the forecast year, agriculture and pharmaceutical segments are predicted to increase the levulinic acid market size at a 5% CAGR. Along with that, the global market is driving its growth due to the increasing phthalate plasticizers replacement by levulinic acid in polyvinyl chloride (PVC) production.


Thus, the key players are targeting the upcoming years to perform well and increase the demand of the market.


Market segmentation Overview



  • By Technology:


Based on the technology segmentation, the levulinic acid market is classified into biofine production process, acid hydrolysis production process, and others.


These technology segments are enhancing the global market demand across various regions.



  • By End-users:


The end-user segment of the global levulinic acid market is classified into agriculture, food, beverages, pharmaceuticals, and cosmetics & personal care.


During the forecast year, agriculture and pharmaceuticals segments are predicted to increase levulinic acid market share at a 5% CAGR.



  • By Application:


The market has various segmental applications such as food additive, agriculture, plasticizers, pharmaceuticals, cosmetic and personal care, and others.


The pharmaceuticals & cosmetics segment is predicted to grow levulinic acid market share for the forecast period. It has also been found that levulinic acid is widely used as food additives and also used in cigarettes to intensify the nicotine content.


Regional Analysis


The levulinic acid market is increasing its demand due to its quality products based on the regional classification. These regions are South America, Latin America, the Middle East & Africa, North America, Asia Pacific, Europe, and the Rest of the World.


North America was dominating the global market out of all the regions and predicted to meet the levulinic acid market share for the forecast period. Also, it is considered the fastest-growing region as compare to other regions. Along with that, countries like China and India in the Asia Pacific region are increasing the demand for levulinic acid due to the presence of agrarian economies in the region.


These important key players give them all efforts to increase their product demand and improve the advanced things to increase the levulinic acid market size.


Recent Developments



  • The agriculture and pharmaceutical segments are predicted to increase levulinic acid market share at a 5% CAGR for the forecast period.

  • North America was dominating the global market and predicted to meet the higher market share for the forecast period.


Report Overview


The global levulinic acid market report has focused on the overall growth of the global market and recent ongoing research and development in various regions. This report has highlighted the market dynamics, market segmentation, competitive analysis, regional analysis, COVID-19 analysis, and other factors to understand its challenges, growth, opportunities, competitions, restraints, supply chain, and global market demands. It has been found that the global levulinic acid market is presently performing well and expected to generate a higher market share in the forecast period.


Segmental Table:


By Technology



  • Biofine production process,

  • Acid hydrolysis production process,

  • Others


By End-users



  • Agriculture,

  • Food,

  • Beverages,

  • Pharmaceuticals,

  • Cosmetics & personal care


By Applications



  • Food additive,

  • Agriculture,

  • Plasticizers,

  • Pharmaceuticals,

  • Cosmetic and personal care,

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   5 %(2019–2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Biofine International Inc. (U.S.), Avantium (Netherlands), GF Biochemicals Ltd. (Italy), Langfang Triple Well Chemicals Co. Ltd (China), Simagchem Corporation (China), Hefei TNJ Chemical Industry Co., Ltd. (China), Great Chemicals Co. Ltd. (China), and Anhui Herman Impex Co Ltd (China), DuPont (U.S.), and CSPC Pharmaceutical Group (China)
  Key Market Opportunities   The development of bio-based levulinic acid, which is anticipated to be the major opportunity in the market.
  Key Market Drivers

  • Growing R&D activities in the chemical industry
  • Increasing use of levulinic acid over phthalate plasticizersr
  • Rising use in biofuel production is adding market growth

    		•


    Frequently Asked Questions (FAQ) :

    North America was dominating the global market and predicted to meet the higher market share for the forecast period.

    The agriculture and pharmaceutical segments are predicted to increase levulinic acid market share at a 5% CAGR for the forecast period.

    Levulinic acid is an organic compound that is obtained from cellulose degradation. It is also called Keto acid and is produced from brewery waste, manure, and biomass waste.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Porter’s Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of buyers

    4.1.3 Threat of substitutes

    4.1.4 Segment rivalry

    4.2 Value Chain/Supply Chain of Global Levulinic Acid Market

    5 Overview of Global Levulinic Acid Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact analysis

    7. Global Levulinic Acid Market by Application

    7.1 Introduction

    7.2 Food Additives

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 Pharmaceuticals

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    7.4 Cosmetic and Personal Care

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast by Region, 2020-2027

    7.5 Agriculture

    7.5.1 Market Estimates & Forecast, 2020-2027

    7.5.2 Market Estimates & Forecast by Region, 2020-2027

    7.6 Plasticizers

    7.6.1 Market Estimates & Forecast, 2020-2027

    7.6.2 Market Estimates & Forecast by Region, 2020-2027

    7.7 Others

    7.7.1 Market Estimates & Forecast, 2020-2027

    7.7.2 Market Estimates & Forecast by Region, 2020-2027

    8. Global Levulinic acid Market by Technology

    8.1 Introduction

    8.2 Hydrolysis Production Process

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast by Region, 2020-2027

    8.3 Biofine Production Process

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast by Region, 2020-2027

    8.4 Others

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast by Region, 2020-2027

    9. Global Levulinic acid Market by Region

    9.1 Introduction

    9.2 North America

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2 Market Estimates & Forecast by Application, 2020-2027

    9.2.3 Market Estimates & Forecast by Technology, 2020-2027

    9.2.4 U.S.

    9.2.4.1 Market Estimates & Forecast, 2020-2027

    9.2.4.2 Market Estimates & Forecast by Application, 2020-2027

    9.2.4.3 Market Estimates & Forecast by Technology, 2020-2027

    9.2.5 Mexico

    9.2.5.1 Market Estimates & Forecast, 2020-2027

    9.2.5.2 Market Estimates & Forecast by Application, 2020-2027

    9.2.5.3 Market Estimates & Forecast by Technology, 2020-2027

    9.2.6 Canada

    9.2.6.1 Market Estimates & Forecast, 2020-2027

    9.2.6.2 Market Estimates & Forecast by Application, 2020-2027

    9.2.6.3 Market Estimates & Forecast by Technology, 2020-2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast, 2020-2027

    9.3.2 Market Estimates & Forecast by Application, 2020-2027

    9.3.3 Market Estimates & Forecast by Technology, 2020-2027

    9.3.4 Germany

    9.3.4.1 Market Estimates & Forecast, 2020-2027

    9.3.4.2 Market Estimates & Forecast by Application, 2020-2027

    9.3.4.3 Market Estimates & Forecast by Technology, 2020-2027

    9.3.5 France

    9.3.5.1 Market Estimates & Forecast, 2020-2027

    9.3.5.2 Market Estimates & Forecast by Application, 2020-2027

    9.3.5.3 Market Estimates & Forecast by Technology, 2020-2027

    9.3.6 Italy

    9.3.6.1 Market Estimates & Forecast, 2020-2027

    9.3.6.2 Market Estimates & Forecast by Application, 2020-2027

    9.3.6.3 Market Estimates & Forecast by Technology, 2020-2027

    9.3.7 Spain

    9.3.7.1 Market Estimates & Forecast, 2020-2027

    9.3.7.2 Market Estimates & Forecast by Application, 2020-2027

    9.3.7.3 Market Estimates & Forecast by Technology, 2020-2027

    9.3.8 U.K

    9.3.8.1 Market Estimates & Forecast, 2020-2027

    9.3.8.2 Market Estimates & Forecast by Application, 2020-2027

    9.3.8.3 Market Estimates & Forecast by Technology, 2020-2027

    9.3.9 Rest of Europe

    9.3.9.1 Market Estimates & Forecast, 2020-2027

    9.3.9.2 Market Estimates & Forecast by Application, 2020-2027

    9.3.9.3 Market Estimates & Forecast by Technology, 2020-2027

    9.4 Asia Pacific

    9.4.1 Market Estimates & Forecast, 2020-2027

    9.4.2 Market Estimates & Forecast by Application, 2020-2027

    9.4.3 Market Estimates & Forecast by Technology, 2020-2027

    9.4.4 China

    9.4.4.1 Market Estimates & Forecast, 2020-2027

    9.4.4.2 Market Estimates & Forecast by Application, 2020-2027

    9.4.4.3 Market Estimates & Forecast by Technology, 2020-2027

    9.4.5 India

    9.4.5.1 Market Estimates & Forecast, 2020-2027

    9.4.5.2 Market Estimates & Forecast by Application, 2020-2027

    9.4.5.3 Market Estimates & Forecast by Technology, 2020-2027

    9.4.6 Japan

    9.4.6.1 Market Estimates & Forecast, 2020-2027

    9.4.6.2 Market Estimates & Forecast by Application, 2020-2027

    9.4.6.3 Market Estimates & Forecast by Technology, 2020-2027

    9.4.7 Australia

    9.4.7.1 Market Estimates & Forecast, 2020-2027

    9.4.7.2 Market Estimates & Forecast by Application, 2020-2027

    9.4.7.3 Market Estimates & Forecast by Technology, 2020-2027

    9.4.8 New Zealand

    9.4.8.1 Market Estimates & Forecast, 2020-2027

    9.4.8.2 Market Estimates & Forecast by Application, 2020-2027

    9.4.8.3 Market Estimates & Forecast by Technology, 2020-2027

    9.4.9 Rest of Asia Pacific

    9.4.9.1 Market Estimates & Forecast, 2020-2027

    9.4.9.2 Market Estimates & Forecast by Application, 2020-2027

    9.4.9.3 Market Estimates & Forecast by Technology, 2020-2027

    9.5 The Middle East & Africa

    9.5.1 Market Estimates & Forecast, 2020-2027

    9.5.2 Market Estimates & Forecast by Application, 2020-2027

    9.5.3 Market Estimates & Forecast by Technology, 2020-2027

    9.5.4 Turkey

    9.5.4.1 Market Estimates & Forecast, 2020-2027

    9.5.4.2 Market Estimates & Forecast by Application, 2020-2027

    9.5.4.3 Market Estimates & Forecast by Technology, 2020-2027

    9.5.5 Israel

    9.5.5.1 Market Estimates & Forecast, 2020-2027

    9.5.5.2 Market Estimates & Forecast by Application, 2020-2027

    9.5.5.3 Market Estimates & Forecast by Technology, 2020-2027

    9.5.6 North Africa

    9.5.6.1 Market Estimates & Forecast, 2020-2027

    9.5.6.2 Market Estimates & Forecast by Application, 2020-2027

    9.5.6.3 Market Estimates & Forecast by Technology, 2020-2027

    9.5.7 GCC

    9.5.7.1 Market Estimates & Forecast, 2020-2027

    9.5.7.2 Market Estimates & Forecast by Application, 2020-2027

    9.5.7.3 Market Estimates & Forecast by Technology, 2020-2027

    9.5.8 Rest of the Middle East & Africa

    9.5.8.1 Market Estimates & Forecast, 2020-2027

    9.5.8.2 Market Estimates & Forecast by Application, 2020-2027

    9.5.8.3 Market Estimates & Forecast by Technology, 2020-2027

    9.6 Latin America

    9.6.1 Market Estimates & Forecast, 2020-2027

    9.6.2 Market Estimates & Forecast by Application, 2020-2027

    9.6.3 Market Estimates & Forecast by Technology, 2020-2027

    9.6.4 Brazil

    9.6.4.1 Market Estimates & Forecast, 2020-2027

    9.6.4.2 Market Estimates & Forecast by Application, 2020-2027

    9.6.4.3 Market Estimates & Forecast by Technology, 2020-2027

    9.6.5 Argentina

    9.6.5.1 Market Estimates & Forecast, 2020-2027

    9.6.5.2 Market Estimates & Forecast by Application, 2020-2027

    9.6.5.3 Market Estimates & Forecast by Technology, 2020-2027

    9.6.6 Rest of Latin America

    9.6.6.1 Market Estimates & Forecast, 2020-2027

    9.6.6.2 Market Estimates & Forecast by Application, 2020-2027

    9.6.6.3 Market Estimates & Forecast by Technology, 2020-2027

    10. Company Landscape

    11. Company Profiles

    11.1 Biofine International Inc

    11.1.1 Company Overview

    11.1.2 Application/Business Segment Overview

    11.1.3 Financial Updates

    11.1.4 Key Developments

    11.2 Avantium

    11.2.1 Company Overview

    11.2.2 Application/Business Segment Overview

    11.2.3 Financial Updates

    11.2.4 Key Developments

    11.3 GF Biochemicals Ltd

    11.3.1 Company Overview

    11.3.2 Application/Business Segment Overview

    11.3.3 Financial Updates

    11.3.4 Key Developments

    11.4 Langfang Triple Well Chemicals Co. Ltd

    11.4.1 Company Overview

    11.4.2 Application/Business Segment Overview

    11.4.3 Financial Updates

    11.4.4 Key Developments

    11.5 Simagchem Corporation

    11.5.1 Company Overview

    11.5.2 Application/Business Segment Overview

    11.5.3 Financial Updates

    11.5.4 Key Developments

    11.6 Hefei TNJ Chemical Co., Ltd.

    11.6.1 Company Overview

    11.6.2 Application/Business Segment Overview

    11.6.3 Financial Updates

    11.6.4 Key Developments

    11.7 Great Chemicals Co. Ltd.

    11.7.1 Company Overview

    11.7.2 Application/Business Segment Overview

    11.7.3 Financial Updates

    11.7.4 Key Developments

    11.8 Anhui Herman Impex Co Ltd

    11.8.1 Company Overview

    11.8.2 Application/Business Segment Overview

    11.8.3 Financial Updates

    11.8.4 Key Developments

    11.9 DuPont

    11.9.1 Company Overview

    11.9.2 Application/Business Segment Overview

    11.9.3 Financial Updates

    11.9.4 Key Developments

    11.10 CSPC Pharmaceutical Group

    11.10.1 Company Overview

    11.10.2 Application/Business Segment Overview

    11.10.3 Financial Updates

    11.10.4 Key Developments

    12 Conclusion

    LIST OF TABLES

    Table 1 World Population by Major Regions (2020 To 2030)

    Table 2 Global Levulinic Acid Market: By Region, 2020-2027

    Table 3 North America Levulinic Acid Market: By Country, 2020-2027

    Table 4 Europe Levulinic Acid Market: By Country, 2020-2027

    Table 5 Asia-Pacific Levulinic Acid Market: By Country, 2020-2027

    Table 7 Middle East & Africa Levulinic Acid Market: By Country, 2020-2027

    Table 6 Latin America Levulinic Acid Market: By Country, 2020-2027

    Table 8 Global Levulinic Acid by Technology Market: By Regions, 2020-2027

    Table 9 North America Levulinic Acid by Technology Market: By Country, 2020-2027

    Table 10 Europe Levulinic Acid by Technology Market: By Country, 2020-2027

    Table11 Asia-Pacific Levulinic Acid by Technology Market: By Country, 2020-2027

    Table13 Middle East & Africa Levulinic Acid by Technology Market: By Country, 2020-2027

    Table12 Latin America Levulinic Acid by Technology Market: By Country, 2020-2027

    Table14 North America Levulinic Acid for Application Market: By Country, 2020-2027

    Table13 Europe Levulinic Acid for Application Market: By Country, 2020-2027

    Table14 Asia-Pacific Levulinic Acid for Application Market: By Country, 2020-2027

    Table16 Middle East & Africa Levulinic Acid for Application Market: By Country, 2020-2027

    Table15 Latin America Levulinic Acid for Application Market: By Country, 2020-2027

    Table23 Global Technology Market: By Region, 2020-2027

    Table24 Global Application Market: By Region, 2020-2027

    Table25 North America Levulinic Acid Market, By Country

    Table26 North America Levulinic Acid Market, By Technology

    Table27 North America Levulinic Acid Market, By Application

    Table28 Europe: Levulinic Acid Market, By Country

    Table29 Europe: Levulinic Acid Market, By Technology

    Table30 Europe: Levulinic Acid Market, By Application

    Table31 Asia-Pacific: Levulinic Acid Market, By Country

    Table32 Asia-Pacific: Levulinic Acid Market, By Technology

    Table33 Asia-Pacific: Levulinic Acid Market, By Application

    Table36 Middle East & Africa: Levulinic Acid Market, By Country

    Table37 Middle East & Africa Levulinic Acid Market, By Technology

    Table33 Middle East & Africa: Levulinic Acid Market, By Application

    Table34 Latin America: Levulinic Acid Market, By Country

    Table35 Latin America Levulinic Acid Market, By Technology

    Table33 Latin America: Levulinic Acid Market, By Application

    LIST OF FIGURES

    FIGURE 1 Global Levulinic acid market segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Five Forces Analysis of Global Levulinic acid Market

    FIGURE 4 Value Chain of Global Levulinic acid Market

    FIGURE 5 Share of Global Levulinic acid Market in 2020, by country (in %)

    FIGURE 6 Global Levulinic acid Market, 2020-2027,

    FIGURE 7 Sub segments of Application

    FIGURE 8 Global Levulinic acid Market size by Application, 2020

    FIGURE 9 Share of Global Levulinic acid Market by Application, 2020 to 2027

    FIGURE 10 Global Levulinic acid Market size by Technology, 2020

    FIGURE 11 Share of Global Levulinic acid Market by Technology, 2020 to 2027