Bio-Based Levulinic Acid Market: Market Intelligence and Market Trends

New molecules developed by Segetis, in Minnesota based on esters of levulinic acid made from using bio based hydroxyl compounds and corn cobs are known as levulinic ketals. These can be used to produce a series of products such as plasticizers, polyols for polyurethane foams and solvents.

Segetis are constructing a new toll manufacturing plant for their new ketals chemistry in the Midwest and the construction of which was expected to be completed by the end of 2011. Products entering the market would start with solvents. While polyols is expected to be the last to enter in the market because of significant functional testing required. At present China is the supplier of the levulinic acid from the company but later it may use residue of wood as a feedstock.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-227

The potential outcome by the development of bio based levulinic acid could be the replacement of the phthalate plasticizers which is used to make Polyvinyl chloride (PVC) which is the most widely produce plastic and other plastics flexible. The company is also working directly to replace the phthalate which concerns about exposure to children. The major advantages of ketal monomers are that they attach to the PVC molecule firmly and are of natural origins.

To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/toc/rep-gb-227

Major opportunity for the market can be obtain from the manufacture of polyols which combines with iscoyanates to produce polyurethane. The polyols which are made from bio based levulinic acid will have rigidity which in turn will help to reduce the level of iscoyanates while obtaining polyurethane having similar properties and the monomers will play the role of the performer. The cost of polyols produce by the company will be same as made from petroleum resources. But it is expected that it will help to improve the economics for formulators due to less use of iscoyanates. The major advantage for the ketals chemistry is from its total cost.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com/

This release was published on openPR.