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(MoneyNewsWire.Net, September 24, 2018 ) 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.
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.
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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.
Global Levulinic Acid market size will increase to 330 Million US$ by 2025, from 130 Million US$ in 2017, at a CAGR of 12.6% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Levulinic Acid.
This report focuses on the top manufacturers' Levulinic Acid capacity, production, value, price and market share of Levulinic Acid in global market. The following manufacturers are covered in this report:
GFBiochemicals
Zibo Changlin Chemical
Hebei Yanuo
Heroy Chemical Industry
Langfang Triple Well Chemicals
Hefei TNJ Chemical
Guannan East Chemical
Zibo Shuangyu
LangFang Hawk
Levulinic Acid Breakdown Data by Type
Industrial Grade
Pharma Grade
Others
Levulinic Acid Breakdown Data by Application
Pharmaceuticals
Cosmetics & Personal Care
Plasticizers
Food and Flavors
Agrochemicals
Biofuels
Others
Levulinic Acid Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions
The study objectives are:
To analyze and research the global Levulinic Acid capacity, production, value, consumption, status and forecast;
To focus on the key Levulinic Acid manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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