Levulinic Acid Market 2021

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Levulinic Acid MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Levulinic Acid MARKET 2020
Levulinic Acid Market 2020 Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2023
The levulinic acid is widely used in food and
beverage, pharmaceuticals, cosmetic and personal
care products, agriculture, and other
applications. Levulinic acid is extensively used
in processed food as food additives. Personal
care and pharmaceutical sector are expected to
witness an expanding growth during the forecast
period 2017-2023. The global levulinic acid
market is spanned across five regions of the
world namely, Latin America Asia Pacific, North
America, Europe, and the Middle East Africa.
Among these, North America holds the major share
of the global market and is projected to grow at
a considerable CAGR during the forecast years.
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Levulinic Acid MARKET 2020
Market Segmentation The global levulinic acid
market is segmented into technology and
application. On the basis of the technology, the
market is segregated into the acid hydrolysis
production process, and biofine production
process and others. The market by the application
is further segmented into food additive,
pharmaceuticals, cosmetic and personal care,
agriculture, plasticizers, and others. Enquiry
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om/enquiry/1639
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Levulinic Acid MARKET 2020
Regional Analysis
The growing consumption of levulinic acid in the
food and beverage and personal care industry
among others is adding to the growth of the
market. Moreover, the increasing consumption of
levulinic acid in the food industry is expected
to be another dominant factor augmenting the
growth of the market in the region. The major
countries attributing to this growth are Canada,
and the U.S. Asia Pacific is anticipated to show
a steady growth during the assessed period. The
presence of agriculture dominant economies in the
region has fuelled the use of levulinic acid as
pesticides, which is a key factor driving the
market in the region. Moreover, the growing per
capita disposable income in the developing region
has augmented the demand for cosmetic and
personal care products which is another factor
contributing to the growth of the market. In
addition to this, to growing working population
has augmented the demand for on-the-go food and
beverages, in turn, adding to the market of
levulinic acid owing to its major use as food
additives.
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Levulinic Acid MARKET 2020
Application Major Players in this Research
Levulinic Acid Market Prominent Players Some of
the prominent players operating in the global
levulinic acid market are Biofine International
Inc. (U.S.), Avantium (Netherlands), GF
Biochemicals Ltd. (Italy), Langfang Triple Well
Chemicals Co. Ltd (China), Simagchem Corporation
(China), Hefei TNJ Chemical Industry Co., Ltd.
(China), Great Chemicals Co. Ltd. (China), and
Anhui Herman Impex Co Ltd (China), DuPont (U.S.),
and CSPC Pharmaceutical Group (China).
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