Global Levulinic Acid Market Growth 2023-2029

Global Levulinic Acid Market Growth 2023-2029

Levulinic acid (CAS No 123-76-2), or 4-oxopentanoic acid, is an organic compound with the formula CH3C(O)CH2CH2CO2H. It is classified as a keto acid. This white crystalline solid is soluble in water and polar organic solvents. It is derived from degradation of cellulose and is a potential precursor to biofuels.

LPI (LP Information)' newest research report, the “Levulinic Acid Industry Forecast” looks at past sales and reviews total world Levulinic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Levulinic Acid sales for 2023 through 2029. With Levulinic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Levulinic Acid industry.

This Insight Report provides a comprehensive analysis of the global Levulinic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Levulinic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Levulinic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Levulinic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Levulinic Acid.

The global Levulinic Acid market size is projected to grow from US$ 205.2 million in 2022 to US$ 485 million in 2029; it is expected to grow at a CAGR of 485 from 2023 to 2029.

Asia-Pacific is the largest market with about 62% market share. North America is follower, accounting for about 26% market share.

The key players are GFBiochemicals, Zibo Changlin Chemical, Hefei TNJ Chemical, Heroy Chemical Industry, Guannan East Chemical etc. GFBiochemicals is the largest manufacturer with about 75% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Levulinic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Industrial Grade Levulinic Acid
Pharma Grade Levulinic Acid
Other Grade Levulinic Acid

Segmentation by application
Pharmaceuticals
Cosmetics & Personal Care
Plasticizers
Food and Flavors
Agrochemicals
Biofuels
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GFBiochemicals
Zibo Changlin Chemical
Hefei TNJ Chemical
Heroy Chemical Industry
Guannan East Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Levulinic Acid market?

What factors are driving Levulinic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Levulinic Acid market opportunities vary by end market size?

How does Levulinic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.