Press release
Levulinic Acid Market Scenario Highlighting Major Drivers & Trends, 2019- 2024
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Instantaneous of Levulinic Acid Market: 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.
Market Segment by Type, covers, Levulinic Acid market report displays the manufacture, profits, value, and market segment and growth rate of each type, covers:
Industrial Grade
Pharma Grade
Others
Market Segment by Applications, Levulinic Acid market report focuses on the position and outlook for major applications/end users, sales size, market share and growth rate for each application, this can be divided into:
Pharmaceuticals
Cosmetics & Personal Care
Plasticizers
Food and Flavors
Agrochemicals
Biofuels
Others
Levulinic Acid Market impact Factors Analysis:
Technology Progress/Risk, Substitutes Threat, Economic/Political Environmental modification. Technology Progress in connected trade, shopper Needs/Customer Preference modification.
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Scope of Levulinic Acid Market:
The global average price of Levulinic Acid is in the decreasing trend, from 9.12 USD/Kg in 2013 to 8.56 USD/Kg in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.
Asia Pacific is the largest producer of Levulinic Acid, with a production market share nearly 61.21% in 2017. North America is the second largest producer of Levulinic Acid, enjoying production market share nearly 26.37% in 2017.
In the future, the production and consumption is estimated to continue developing with a stable growth rate. To meet the large and increasing demand, more and more manufacturers will go into this industry.
The worldwide market for Levulinic Acid is expected to grow at a CAGR of roughly 12.0% over the next five years, will reach 250 million US$ in 2024, from 130 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Levulinic Acid in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Important Levulinic Acid Market information obtainable during this report:
-Emerging opportunities, competitive landscape, revenue share of main makers.
-Challenges for the new entrants, trends, Levulinic Acid market drivers.
-Company profiles, product analysis, selling ways, rising market segments and comprehensive analysis of Levulinic Acid Market.
-Strategic recommendations, forecast growth areas of the Levulinic Acid Market.
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