Global levulinic acid market demand is expected to reach 3,820 tons by 2020. Increasing application scope for levulinic acid, particularly in pharmaceuticals, pesticides, cosmetics and solvents is expected to spur demand growth over the next six years. High R&D spending, particularly to reduce costs to competitive levels is a critical dynamic for market participants, as substitution for synthetic products in potential applications such as fuel additives, polymers, bio-actives can only be achieved at low levulinic acid prices. As of 2013, levulinic acid has emerged as a niche platform chemical in application markets including Methyltetrahydrofuran (MTHF), DALA, ethyl levulinate and Diphenolic Acid, with potential addressable demand estimated to be over 25,000 kilo tons by 2020.
Further key findings from the study suggest:
Global levulinic acid consumption was estimated at 2,606.2 tons in 2013 and is expected to reach 3,820 tons by 2020, growing at a CAGR of 5.7% from 2014 to 2020. Market revenue is expected to reach USD 19.65 million by 2020, growing at a CAGR of 4.8% from 2014 to 2020.
Pharmaceuticals and agriculture applications dominate levulinic acid demand, and accounted for 66% of global volumes in 2013. Agricultural applications include Organic potassium fertililizer DALA, 2--Methylindole-3-acetic acid.
North America was the largest consumer of levulinic acid in 2013, accounting for over 41% of the global demand. Regional levulinic acid demand in North America is expected to reach 1,598.3 tons by 2020, growing at a CAGR of 5.6% from 2014 to 2020. The presence of large application industries in the region is the primary reason for high growth and rapid consumption.
Key companies in the levulinic acid space include DuPont, Segetis and Biofine. These companies presently have technology ready and are in various stages of commercialization and application development. The global market is also characterized by the presence of an unorganized market in China, with key suppliers being Jiangsu Yancheng China Flavor Chemicals Co, Hebei Langfang Triple Well Chemicals Co.Ltd, and Shijiazhuang Pharmaceutical Group Ouyi Pharmaceutical Co Ltd. among others.
For the purpose of this study, Grand View Research has segmented the global levulinic acid market on the basis of application and region:
Levulinic Acid Application Outlook,
Pharmaceuticals
Agriculture (Organic potassium fertililizer DALA, 2--Methylindole-3-acetic acid)
Food Additives
Cosmetics
Levulinic Acid Regional Outlook,
North America
Europe
Asia Pacific
Rest of the World
Bio-based Levulinic Acid Potential Downstream Platform Outlook
Table Of Content
Chapter 1 Executive Summary
1.1 Levulinic Acid - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Levulinic Acid Industry Outlook
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2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Market Dynamics
2.3.1 Market driver analysis
2.3.2 Market restraint analysis
2.4 Key Opportunities Prioritized
2.5 Industry Analysis - Porter's
2.6 Company Market Share Analysis
2.7 PESTEL Analysis
Chapter 3 Levulinic Acid Application Outlook
3.1 Pharmaceuticals
3.2 Agriculture (Organic potassium fertililizer DALA, 2--Methylindole-3-acetic acid)
3.3 Food Additive
3.4 Cosmetics
Chapter 4 Levulinic Acid Regional Outlook
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 RoW
Browse Full Report @ http://www.hexareports.com/report/levulinic-acid-market-analysis-and-segment-forecasts-to-2020/details
About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Felton Office Plaza,
6265 Highway 9,
Felton, California, 95018,
United States
Phone Number
1-800-489-3075
Email Us: sales@hexareports.com
Website: http://www.hexareports.com/
Further key findings from the study suggest:
Global levulinic acid consumption was estimated at 2,606.2 tons in 2013 and is expected to reach 3,820 tons by 2020, growing at a CAGR of 5.7% from 2014 to 2020. Market revenue is expected to reach USD 19.65 million by 2020, growing at a CAGR of 4.8% from 2014 to 2020.
Pharmaceuticals and agriculture applications dominate levulinic acid demand, and accounted for 66% of global volumes in 2013. Agricultural applications include Organic potassium fertililizer DALA, 2--Methylindole-3-acetic acid.
North America was the largest consumer of levulinic acid in 2013, accounting for over 41% of the global demand. Regional levulinic acid demand in North America is expected to reach 1,598.3 tons by 2020, growing at a CAGR of 5.6% from 2014 to 2020. The presence of large application industries in the region is the primary reason for high growth and rapid consumption.
Key companies in the levulinic acid space include DuPont, Segetis and Biofine. These companies presently have technology ready and are in various stages of commercialization and application development. The global market is also characterized by the presence of an unorganized market in China, with key suppliers being Jiangsu Yancheng China Flavor Chemicals Co, Hebei Langfang Triple Well Chemicals Co.Ltd, and Shijiazhuang Pharmaceutical Group Ouyi Pharmaceutical Co Ltd. among others.
For the purpose of this study, Grand View Research has segmented the global levulinic acid market on the basis of application and region:
Levulinic Acid Application Outlook,
Pharmaceuticals
Agriculture (Organic potassium fertililizer DALA, 2--Methylindole-3-acetic acid)
Food Additives
Cosmetics
Levulinic Acid Regional Outlook,
North America
Europe
Asia Pacific
Rest of the World
Bio-based Levulinic Acid Potential Downstream Platform Outlook
Table Of Content
Chapter 1 Executive Summary
1.1 Levulinic Acid - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Levulinic Acid Industry Outlook
Request A Sample copy of This Report @ http://www.hexareports.com/sample/42780
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Market Dynamics
2.3.1 Market driver analysis
2.3.2 Market restraint analysis
2.4 Key Opportunities Prioritized
2.5 Industry Analysis - Porter's
2.6 Company Market Share Analysis
2.7 PESTEL Analysis
Chapter 3 Levulinic Acid Application Outlook
3.1 Pharmaceuticals
3.2 Agriculture (Organic potassium fertililizer DALA, 2--Methylindole-3-acetic acid)
3.3 Food Additive
3.4 Cosmetics
Chapter 4 Levulinic Acid Regional Outlook
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 RoW
Browse Full Report @ http://www.hexareports.com/report/levulinic-acid-market-analysis-and-segment-forecasts-to-2020/details
About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Felton Office Plaza,
6265 Highway 9,
Felton, California, 95018,
United States
Phone Number
1-800-489-3075
Email Us: sales@hexareports.com
Website: http://www.hexareports.com/
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