Press release
Levulinic Acid Market - Global Industry Analysis 2023
Levulinic Acid Market
Levulinic acid is soluble in water, diethyl ether and ethanol but is insoluble in aliphatic hydrocarbons. It has a molar mass of 116.11g/mol and a density of 1.14g/cm3. Levulinic acid is comparatively non-toxic in nature, having a LD50 of 1850 mg/kg. Levulinic acid is deemed to posses the potential of replacing phthalate plasticizers. This is because of the presence of ketal monomers of natural origin which can bind with the poly-vinyl chloride (PVC) molecules firmly. It is also used as precursors of plasticizers and pharmaceuticals among others. Biofuels such as ethyl levulinate, methyltetrahydrofuran and valerolactone are also being prepared with levulinic acid.
GET PDF BROCHURE FOR MORE PROFESSIONAL AND TECHNICAL INDUSTRY INSIGHTS: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6260
The growth of the market for levulinic acid can be primarily attributed to its potential of replacing phthalate plasticizers used for manufacturing PVC. This is because PVC is widely used for manufacture of various products across different industry verticals, such as healthcare, automotives and packaging among others. Additionally, levulinic acid is relatively less toxic while phthalate plasticizers can pose health concerns for children. Furthermore, with increasing research and development (R&D), levulinic acid is being utilized as food additives, pharmaceutical manufacturing, biofuel production and pesticides among others.
It is also used in cigarettes for increasing nicotine content, being delivered by the smoke. However, the main constraint of levulinic acid market is the bio-based production of it in large scale. Bio-based production of levulinic acid is currently unable to match the selling price of levulinic acid manufactured from other sources, though the production quantity is much higher. With heightening interest in levulinic acid and increasing fund allocation on R&D of manufacturing technology, the restraints faced by the levulinic acid market can be expected to be overcome in the near future.
The levulinic acid market can be segmented by applications into agriculture, cosmetics, food & beverages, pharmaceuticals and others. Additionally, levulinic acid market can be geographically segmented into North America, Europe, Asia-Pacific (APAC) and rest of the world (ROW).
Some of the key companies leading the levulinic acid market are GFBiochemicals, Ltd. (Italy), Segetis, Inc. (U.S.), Heroy Chemical Industry Co., Ltd. (China), Parchem fine & specialty chemicals (U.S.), Tokyo Chemical Industry Co. Ltd. (Japan), E. I. du Pont de Nemours and Company (U.S.), Biofine Technology LLC (U.S.), China Shijiazhuang Pharmaceutical Group Co. Ltd. (China), Apple Flavor & Fragrance Group Co., Ltd. (China) and Hebei Langfang Triple Well Chemicals Co., Ltd (China) among others.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:-
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Levulinic Acid Market - Global Industry Analysis 2023 here
News-ID: 417690 • Views: …
More Releases from TMR – Research Reports
Power Line Communication Market to Present Highly Lucrative Opportunities for Ma …
Power Line Communication (PLC) is an emerging communication technology which enables data exchange over existing power cables. It uses power grids to communicate between two end-points. PLC technology allow users to control or retrieve data in a half-duplex manner. Furthermore, in this communication method, sender modulates the data, and injects in power cables which can be retrieved by de-modulation at the receiving end. PLC technology is widely used for home…
Wood Coatings Market - Roof coatings to Register High Demand | 2025
The global wood coatings market is choc-o-bloc with players and this has served to intensify the competition over the years. Product differentiation is a key tool leveraged by players to steal a march over their competitors. Key factors promoting growth in the market are the soaring construction activities across the globe and the increasing spending capacity of people which has stoked sales of furniture.
Another factor catalyzing growth in the global…
Welding Materials Market - Thriving Growth In Industrial Application Segments By …
The global welding materials market is growing on account of the thriving growth of application segments such as transportation, building and construction, marine, and automobiles. The growing urbanization in developing nations will drive the growth of this market. The increasing infrastructure development in Asia Pacific will also fuel the growth of the welding materials market. The technological advancements in the automobile industry will also aid the growth of this market.…
Intumescent Coatings Market Demand for Improved Fire Safety to Fuel Growth By 20 …
The global intumescent coatings market has remained moderately concentrated as nearly 45% of its overall share was held by three enterprises in 2015. These companies were Sherwin-Williams Co., PPG Industries Inc., and Nobel N.V., finds Transparency Market Research (TMR) in a new study. These companies, besides other prominent market players are continuously making efforts to expand their regional footprint by establishing new manufacturing units.
While expanding operations across emerging nations has…
More Releases for Levulinic
Levulinic Acid Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the Levulinic Acid market analysis, which studies the Levulinic Acid's industry coverage, current market competitive status, and market outlook and forecast by 2025.
Global “Levulinic Acid Market 2020-2025” Research Report categorizes the global Levulinic Acid market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth…
Levulinic Acid Market Evaluation Targets Advancement Anticipated until 2026
Levulinic acid is also known as 4-oxopentanoic acid. The source of levulinic acid is the by products of sugar industry. Levulinic acid produces from degradation of cellulose which is a potential precursor to biofuels such as ethyl levulinate. Levulinic acid has various applications for different products such as pharmaceuticals, agrochemicals, personal care products, food additives, flavours and fragrances, resins and coatings, solvents, plasticisers, fuel additives and biofuels.
Get More…
2018 Future of Global Levulinic Acid Market to 2025- Growth Opportunities, Compe …
MarketResearchNest.com adds “Future of Global Levulinic Acid Market to 2025” new report to its research database. The report spread across 110 pages with multiple tables and figures in it.
This report studies the Levulinic Acid market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find…
Levulinic Acid Market Growing Demand and Analysis 2023
Levulinic acid is an organic compound which is deemed to replace petroleum based products, in sectors such as chemical industry and bio-fuel among others, in the near future. It has been classified as a keto acid and is generally produced from brewery waste, biomass and manure among others. Levulinic acid can also be produced by acidic hydrolysis of furfuryl alcohol, by hydrolyzing acetyl succinate esters and by ozone based oxidation…
Levulinic Acid Market Research Report - Forecast | 2023
Levulinic acid is an organic compound which is deemed to replace petroleum based products, in sectors such as chemical industry and bio-fuel among others, in the near future. It has been classified as a keto acid and is generally produced from brewery waste, biomass and manure among others. Levulinic acid can also be produced by acidic hydrolysis of furfuryl alcohol, by hydrolyzing acetyl succinate esters and by ozone based oxidation…
Levulinic Acid Market Global Industry Analysis Forecast - 2022
The levulinic acid market was valued approximately USD 16.07 million in 2014 and is expected to reach around USD 45.36 million by 2025 with a compound annual growth rate (CAGR) of 12.02% over the forecast period, owing to levulinic acid’s potential of replacing phthalate plasticizers that are used for the production of PVC. Levulinic acid is also referred as 4-oxopentanoic acid. It is a natural compound that sorted as a…
