Levulinic Acid Market Research Report - Forecast to 2027

Global Levulinic acid Market Information: by technology (acid hydrolysis production process, biofine), by the 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

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Synopsis of Levulinic acid Market


Levulinic acid also known as Keto acid is an organic compound obtained from the degradation of cellulose. It is extensively produced from manure, biomass, and brewery waste, and is regarded as an efficient replacement for petroleum-based products. Levulinic acid can also be produced by the oxidation of ketones and by acidic hydrolysis of furfuryl alcohol. The growing research and development activities in the chemical industry have resulted in the development of bio-based levulinic acid, which is anticipated to be the major opportunity in the market. Levulinic acid has a wide range of applications in end-user industries such as pharmaceuticals, cosmetics & personal care, agriculture, food, and beverages. The growing replacement of phthalate plasticizers by levulinic acid in the production of polyvinyl chloride (PVC) is the major factor driving the global market. Moreover, PVC is used in various applications such as construction and automobiles among other, hence, adding to the growth of the global levulinic acid market. Furthermore, the growing application of levulinic acid in the production of biofuel, pharmaceuticals, and pesticides among others is also fueling the market demand. Levulinic acid is used in cigarettes to enhance the nicotine content and as food additives. Among the various applications, the plasticizers segment is dominating the global market and is expected to same during the forecast years. The growing use of levulinic acid to add flexibility in plastics, especially in PVC’s is the key factor contributing to the growth of the segment. Furthermore, agriculture and pharmaceuticals segments are anticipated to grow at a CAGR of over 5% during the forecast years.


Global Levulinic acid market share by application


 Levulinic acid market


Source: MRFR analysis


Regional Analysis 


The levulinic acid market is segmented across five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, North America holds a major share of the market and is expected to be the fastest growing market during the forecast years. North America followed by Europe are expected to show steady growth during the assessment period. The developed personal care and pharmaceutical industry are driving the market in this region. Moreover, the fast paced lifestyle and the growing working population have augmented the demand for convenience food in the region, which further fuel the demand for levulinic acid as food additives. The major growth in the levulinic acid market in the region is attributed to the U.S. and Canada.


The growing urbanization and industrial development in the developing nations are the major factors driving the growth of the levulinic acid market. Moreover, adoption rate in the food industry coupled with the growing demand for cosmetic & personal products is expected to have a positive impact on the growth of the market. Furthermore, with the increasing working population, the demand for on-the-go food products are augmenting in the region, which, in turn, is adding to the market growth due to the extensive use of levulinic acid as food additives. Moreover, the presence of agrarian economies in the region such as India and China have further boosted the demand for levulinic acid as pesticides in the region. Europe is the second largest levulinic acid market and is expected to grow at a considerable CAGR during the forecast period owing to growing demand from pharmaceutical cosmetic & personal care industries.


Segmental Analysis


The global levulinic acid market is segmented into technology and application. On the basis of the technology, the market is segregated into the acid hydrolysis production process, biofine production process, and others. The market by the application is further segmented into food additive, pharmaceuticals, cosmetic and personal care, agriculture, plasticizers, and others.


Key Players


Some of the prominent players operating in the global levulinic acid market are 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) among others.


Geographical Analysis


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience



  • Levulinic acid    market manufacturers

  • Traders and Distributors of Levulinic acid   market

  • Production process industries

  • Potential investors



Frequently Asked Questions (FAQ) :


It finds extensive applications in plasticizers, agriculture, cosmetic and personal care, pharmaceuticals, food additives, and others.

North America is expected to dominate the levulinic acid market.

Growing R&D activities in the chemical industry, increasing use of levulinic acid over phthalate plasticizers, and rising use in biofuel production is adding market growth.

Key competitors in the levulinic acid market include CSPC Pharmaceutical Group (China), DuPont (U.S.), Anhui Herman Impex Co Ltd (China), Great Chemicals Co. Ltd. (China), Hefei TNJ Chemical Industry Co., Ltd. (China), Simagchem Corporation (China), ), Langfang Triple Well Chemicals Co. Ltd (China), GF Biochemicals Ltd. (Italy), Avantium (Netherlands), and Biofine International Inc. (U.S.).

Different strategies adopted by industry players to maintain dominance in the levulinic acid market include extensive R&D activities, product innovations, collaborations, and mergers.

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