Levulinic Acid Market Growth by Key Players: Biofine International, Avantium, Simagchen Corporation, GF Biochemical Ltd, etc. GF Biochemical Ltd

It is expected that Germany will lead the levulinic acid market in Europe. Global focus on smart agriculture and alternative to fossil fuel is an important driver of market. Its derivation from waste biomass leads to a significant saving on raw material costs. The industry possibilities are endless and near future will be shaped by technology which can make leluvinic acid products cheap and more efficient.

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Levulinic Acid Market size will witness healthy growth with developments in the agriculture and biofuel industry. It is a type of keto acid, manufactured from degraded cellulose and precursor to biofuels. Its naturally occurring form is Delta-amino levulinic acid (DALA) and it finds usage as herbicide in lawns and is useful for grain crops. It is also used as a plant growth stimulator. It can be used as a potential replacement of petroleum products reducing amount of greenhouse emissions. In most cases microorganism Rhodobacter is used in its production. Leluvinic acid also used in cigarettes for binding nicotine to neutral receptors.

The consumption of levulinic acid is increasing in both cosmetic and pharmaceutical markets. Even today sulfuric acid is used as herbicides to kill weeds, but it is not fully desirable because of its corrosive nature. This gives chances to DALA to establish itself as safe herbicide alternative. Indian Government is betting big on green fuel, particularly biofuel with first and second-generation biofuel plants already commissioned. Other Asia Pacific countries are also looking for green alternatives as WHO reports regularly warn about growing pollution across the whole world.

In North America and Europe green alternatives get tax reliefs and escape from some of the stringent industrial clauses. It is expected that Germany will lead the market in Europe. Global focus on smart agriculture and alternative to fossil fuel is an important driver of levulinic acid market. Its derivation from waste biomass leads to a significant saving on raw material costs. The industry possibilities are endless and near future will be shaped by technology which can make leluvinic acid products cheap and more efficient.

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Top key players:

The ideal location for levulinic acid production factory is near glucose/sugar manufacturing facilities for easy access to raw materials. Global companies in levulinic acid market are Biofine International, Avantium, Simagchen Corporation, GF Biochemical Ltd, etc. GF Biochemical Ltd is largest producer of levulinic acid in the world. Levulinic Acid Market players mostly rely on strategic partnerships for supply to the end-user companies.

Market share calculation in this report is not done based on companies covered in it. The calculation of levulinic acid market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

The physical properties of levulinic acids lead low yields which hurts economies of scale. High equipment costs make mass production a very costly affair. Vinyl acetates and cellulose acetates are upcoming substitutes produced and available at cheaper rates. Setting appropriate conditions for production of levulinic acid from waste biomass is a daunting task and not easily achievable. Separating the reaction products and obtaining levulinic acid is another tough task. Many Asia Pacific nations impose education cess and countervailing duties on the levulinic acid market, leading to increasing product costs, hence posing hindrances in the Levulinic Acid Market growth.

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