openPR Logo
Press release

Levulinic Acid Market Global Industry Analysis Forecast - 2022

10-27-2017 11:12 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Crystal Market Research

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 keto acid. It is soluble in ethanol, diethyl ether, and water, however insoluble in aliphatic hydrocarbons and has a material form of crystalline white solid. In recent times, the requirement for sustainability has continuously impelled the chemical industry in the direction of exploring renewable biotechnology and chemistry to produce goods from bio-based reservoirs. These produced are acquired with an aim of employing them as platforms for producing a host of specialty and industrial chemicals to substitute their artificial equivalents. Levulinic acid has been recognized as platform chemical since long. Consequently, despite its comparatively small market volume, it is the major topic of research and development to play a role of a predecessor to special chemicals involving pesticides like D-amino levulinic acid (DALA), fuel additives like Methyltetrahydrofuran (MTHF), and Diphenolic Acid (DPA) along with others.

Browse Market Research Report @: https://www.crystalmarketresearch.com/report-sample/CM09237

The production technology of bio-based levulinic acid is not much complex, with the extensively used perspective being the dehydrating treatment of carbohydrates or biomass with acid. Some other major technologies are by oxidation of ketones with ozone, acid hydrolysis of furfuryl alcohol and hydrolysis of acetyl succinate esters. Currently, levulinic acid has major applications in pesticides, food additives, cosmetics, pharmaceuticals and minor application in plastics, nylons, and synthetic rubbers. The major raw materials for the production of bio-based levulinic acid are bagasse, biomass, brewery waste and manure, and to supply it at a reasonable price has been a dispute for market players. Furthermore, as with any of the bio-based substitute chemical, the cost has been a crucial issue in the global market for levulinic acid. At present, prices are varying between $5 and $8 for a kilo; producers are challenged with an intimidating task of coordinating objective prices of near to $1 a kilo to get through the downstream platform usage. With an amount of research and development initiatives anticipated to shift for commercialization during the next few years, it is predicted that the cost of levulinic acid shall turn out to be more aggressive in the near future. Encouraging regulatory scenario and expansion in application industry are anticipated to influence levulinic acid demand positively during the next few years.

Fill the form for an exclusive sample of this report @: https://www.crystalmarketresearch.com/report-sample/CM09237

Market Classification

Levulinic Acid Market, By Potential Downstream Platform, Estimates and Forecast, 2014-2022 ($Million)

Methyltetrahydrofuran (MTHF)
Delta aminolevulinic acid (DALA)
Diphenolic Acid
Other Levulinic Acids

Levulinic Acid Market, By Application, Estimates and Forecast, 2014-2022 ($Million)

Pharmaceuticals
Agriculture (Organic potassium fertililizer DALA, 2--Methylindole-3-acetic acid)
Food Additives
Cosmetics

Application Outlook and Trend Analysis

Major application sections studied and described in this study involve food additives, pharmaceuticals, agriculture, and cosmetics applications. Agriculture applications are such as 2--Methylindole-3-acetic acid and Organic potassium fertilizer DALA. Currently, levulinic acid is used in niche markets, due to its elevated cost. The demand of Levulinic acid for agricultural applications and other chemicals is anticipated to rise at a compound annual growth rate of 6% during forecast period. Key levulinic acid applications in pharmaceuticals involve indomethacin and calcium levulinate, which is an anti-inflammatory and non-steroidal drug, assigned for fever. Demand for Levulinic acid for pharma applications is likely to rise at a compound annual growth rate of 5.4% during forecast period. Furthermore, levulinic acid is also cautiously utilized in cigarettes to enhance nicotine release in smoke and bond of neural receptors to nicotine.

Buy Report @: https://www.crystalmarketresearch.com/checkout/CM09237

About Crystal Market Research

Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

Contact:
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282
Email: sales@crystalmarketresearch.com
Website: http://www.crystalmarketresearch.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 Forecast - 2022 here

News-ID: 789589 • Views: 159

More Releases from Crystal Market Research

Forklift Market By Power Source | Qualitative Insights, Key Enhancement | Global …
Crystal Market Research Present Advance research on - Forklift Market, approximates that the Forklift Industry size is anticipated to flourish at a significant CAGR in the future. The Forklift Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Forklift is a little mechanical vehicle, having a power worked forked stage appended at the front to lift and move material over a
Global Security Analytics Market Developing Research Methodology Analysis by 201 …
This report provides strategic study of the Global Security Analytics Market, and the growth forecast for the period 2014 to 2023. The scope of the report includes competitive analysis of various market segments based on key trends, competitive landscape analysis and key regional development status. Kindly request for Sample Copy of Report @ https://www.crystalmarketresearch.com/report-sample/IC04706 This study provides insights about the Security Analytics Market in regards to its uses, benefits and in-depth look at
Fabry Disease Treatment Market By Treatment | Qualitative Insights, Key Enhancem …
Crystal Market Research Present Advance research on - Fabry Disease Treatment Market, approximates that the Fabry Disease Treatment Industry size is anticipated to flourish at a significant CAGR in the future. The Fabry Disease Treatment Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Fabry disease is otherwise called Anderson-Fabry sickness and alpha-galactosidase A deficiency. It is an uncommon hereditary
Direct Attach Cable Market By Product Type | Qualitative Insights, Key Enhanceme …
Crystal Market Research Present Advance research on - Direct Attach Cable Market, approximates that the Direct Attach Cable Industry size is anticipated to flourish at a significant CAGR in the future. The Direct Attach Cable Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Direct join link (DAC) is a type of a protected fast link with little structure factor pluggable

All 5 Releases


More Releases for Levulinic

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
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 - Industry Analysis, Share, Size, Forecast 2023
Levulinic acid has been majorly adopted by agricultural industry with key applications in fertilizers and pesticides. The strong demand arising from the agricultural industry is one of the major drivers in the global levulinic acid market. Request sample copy of report here : https://www.psmarketresearch.com/market-analysis/levulinic-acid-market/report-sample In recent years, the chemical industry has witnessed a need of sustainability and the producers have been working towards developing products from bio-based sources by exploring chemistry and
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
Bio-Based Levulinic Acid Market Report – Actionable Insights and Recommendatio …
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
Levulinic Acid Market - Global Industry 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