Global Levulinic Acid Market Research Report 2018 to 2022 published by Market Research Future sharing details on Market Analysis, new Technology, Scope, Stake, Progress, Trends and Forecast up to 2022. Global Levulinic Acid Market research report spread across 133 Pages consist Top 10 Global key players that sharing latest types, technology, application by 2022.
Market Research Future Publish New Market Research Report On-“Levulinic Acid Market 2020 Global Key Manufacturers Analysis, Sales, Supply, Demand and Forecast to 2027”
The Global Levulinic Acid Market size is valued at around USD 134 million in 2023 and is estimated to grow at a CAGR of about 8.88% during the forecast period, i.e., 2024-29.
Market Research Future Publish New Market Research Report On-“Levulinic Acid Market 2021 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2027”
Download free PDF Sample: http://bit.ly/39PP2GE #LevulinicAcid #MarketAnalysis Global Levulinic Acid Market: Drivers and Restrains The research report has incorporated the analysis of different factors that augment the market’s growth.
The Levulinic Acid Market size is forecast to reach US$25.7 million by 2027, after growing at a CAGR of 8.8% during 2022-2027 owing to rising demand from various end-use industries such as pharmaceuticals, personal care, food and beverages, agriculture, and other industries to maintain their acidic balance. Levulinic acid is an organic compound and it is categorized under keto acids. It is obtained from the degradation of cellulose and is a potential precursor to biofuels, such as ethyl levulinate. The growth of biofuels application in recent times has resulted in the growth of the levulinic acid market, as it is used in making biofuels. The levulinic acid industry has been benefited from the growing demand for derivatives such as levulinic acid esters (LA-Easter), levulinic acid katels (LA-Katels), and others because these are recognized and versatile molecules to meet today’s demand for sustainability.
Looking forward, the levulinic acid market value is projected to reach a strong growth during the forecast period (2021-2026). More info:- https://www.imarcgroup.com/levulinic-acid-market
Global companies in levulinic acid market are Biofine International, Avantium, Simagchen Corporation, GF Biochemical Ltd, etc. GF Biochemical Ltd is largest producer of levulinic acid in the world
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Levulinic acid is also known as 4-oxopentanoic acid. The source of levulinic acid is the by products of sugar industry. Levulinic acid produces from degradation of cellulose which is a potential precursor to biofuels such as ethyl levulinate. Levulinic acid has various applications for different products such as pharmaceuticals, agrochemicals, personal care products, food additives, flavours and fragrances, resins and coatings, solvents, plasticisers, fuel additives and biofuels.
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