Press release
Levulinic Acid Market: Global Industry Analysis and Opportunity Assessment 2018-2022
Levulinic Acid Market
Levulinic Acid Market- Top 10 Global key Players & Their Strategy
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), Hebei Langfang Triple Well Chemicals Co., Ltd (China), Avantium Inc,( Netherland), Tokyo Chemical Industry Co. Ltd( Japan), and Hefei TNJ Chemical Industry Co Ltd( China), among others are some of the prominent players at the forefront of competition in the global Levulinic Acid Market and are profiled in MRFR Analysis.
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Levulinic Acid Market– Market Overview / Study Objective / Synopsis
The global Levulinic acid market has seen a notable growth over the past few years and as per MRFR analysis, the market will keep on growing during the forecast period owing to the several uses of Levulinic acid in its applications such as pharmaceuticals, agriculture, cosmetics, plasticizers, and others. Among these applications, agriculture and pharmaceuticals has accounted the largest share in terms of value and volume. The Levulinic acid market growth in mainly attributed to the rising demand of PVC and are widely used in in several industries. Additionally, Levulinic acid are used in cigarettes production, which is also one of the major growth factors. Geographically, North America is estimated to be the leading market followed by Europe and APAC.
Levulinic Acid Market – Target Audience
• Manufactures
• Raw material Suppliers
• Aftermarket suppliers
• Research Institute / Education Institute
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager
Levulinic Acid Market - Industry/ Innovation/ Related News:
22 July, 2015 - Bio based chemical company GF biochemical started the production of levulinic acid in their 10,000MT capacity plant in Caserta, Italy. GF Chemicals Company become the first company to start the production of levulinic acid from biomass at a commercial scale. This development is expected to fuel the market of bio based levulinic acid in Europe.
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17 May, 2017 – GF biochemical successfully acquired the intellectual property and assets of Segetis, a US based levulinic acid derivatives producer. This acquisition will help GF biochemical to use Segetis technologies for converting bio based acid into in specialty chemicals.
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