Levulinic Acid Market Size and Share Analysis by Technology (Biofine, Acid Hydrolysis), Application (Food Additives, Pharmaceuticals, Agricultural Products, Personal Care Products, Plasticizers, Fuel Additives)-Global Industry Growth Forecast to 2030

Description

List of Tables

According to the latest market research study published by P&S Intelligence, the levulinic acid market garnered $26.35 million in 2021, and it is projected to generate $61.04 million revenue in 2030, advancing at a rate of 9.78% in the coming years. The growing commercialization of bio-based production procedures and the increasing compound derivative demand across industries are the primary drivers for the industry.

Moreover, research and development in the personal care sector is projected to result in organic cosmetics and fragrance development. The creamy, whisky fragrance of levulinic acid results in its heavy usage in the manufacturing of perfumes. Along with this, it is used for conditioning the skin and regulating the pH of cosmetic products.

Massive Market Opportunities in China and India

Developing countries, such as India and China, have a massive levulinic acid and derivative production capacity. Moreover, the demand for sodium levulinate is rapidly increasing due to its rising application in food preservatives, to enhance the shelf life of products, and in cosmetics, as a skin conditioner.

Levulinic Acid Demand To Rise Fastest For Fuel Additive Production

In the coming years, the highest CAGR, of more than 10%, will be witnessed by the fuel additives application category. The low toxicity, stable flash point, high lubricity, and appreciable flow attributes make levulinic acid an important diesel and gasoline additive.

Ethyl levulinate, a derivative of the chemical, reduces the emission of sulfur from diesel. In this regard, the stringent regulations of governments for reducing the GHG emissions from on-road and non-road diesel engines drive the market.

Product Code: 10120

Chapter 1. Research Background

1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Data Reporting Unit
- 1.4.1 Volume
- 1.4.2 Value
1.5 Market Size Breakdown by Segment
- 1.5.1 Market Segmentation by Technology
- 1.5.2 Market Segmentation by Application
- 1.5.3 Market Segmentation by Region
1.6 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research
- 2.1.1 Paid
- 2.1.2 Unpaid
- 2.1.3 P&S Intelligence Database
2.2 Primary Research
- 2.2.1 Breakdown of Primary Research, by Region
- 2.2.2 Breakdown of Primary Research, by Industry Participant
- 2.2.3 Breakdown of Primary Research, by Designation
- 2.2.5 Breakdown of Primary Research, by Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Voice of Industry Experts/KOLs

Chapter 5. Definition of Market Segments

5.1 By Technology
- 5.1.1 Biofine
- 5.1.2 Acid Hydrolysis
5.2 By Application
- 5.2.1 Food Additives
- 5.2.2 Pharmaceuticals
- 5.2.3 Agricultural Products
- 5.2.4 Personal Care Products
- 5.2.5 Plasticizers
- 5.2.6 Fuel Additives
- 5.2.7 Others

Chapter 6. Industry Outlook

6.1 Market Dynamics
- 6.1.1 Trends
  - 6.1.1.1 Development of biorefinery processes
- 6.1.2 Drivers
  - 6.1.2.1 Commercialization of bio-based production methods
  - 6.1.2.2 Surge in demand for levulinic acid derivatives from end-use industries
  - 6.1.2.3 Increasing production of pharmaceuticals
  - 6.1.2.4 Impact analysis of drivers on market forecast
- 6.1.3 Restraints
  - 6.1.3.1 High production cost
  - 6.1.3.2 Threat of chemical alternatives
  - 6.1.3.3 Impact analysis of restraints on market forecast
- 6.1.4 Opportunities
  - 6.1.4.1 Increasing concerns about depleting fossil-based energy resources
6.2 Impact of COVID-19
6.3 Value Chain Analysis
6.4 Top Exporting Countries of Levulinic Acid
6.5 Top Importing Countries of Levulinic Acid
6.6 Porter's Five Forces Analysis
- 6.6.1 Bargaining Power of Buyers
- 6.6.2 Bargaining Power of Suppliers
- 6.6.3 Intensity of Rivalry
- 6.6.4 Threat of New Entrants
- 6.6.5 Threat of Substitutes
6.7 ASP of Levulinic Acid in North America
6.8 ASP of Levulinic Acid in Europe
6.9 ASP of Levulinic Acid in APAC
6.10 ASP of Levulinic Acid in RoW

Chapter 7. Regulatory Compliance

7.1 North America
7.2 Europe
7.3 APAC

Chapter 8. Global Market Size and Forecast

8.1 Overview
8.2 By Technology (2017-2030)
8.3 By Application (2017-2030)
8.4 By Region (2017-2030)

Chapter 9. North America Market Size and Forecast

9.1 Overview
9.2 By Technology (2017-2030)
9.3 By Application (2017-2030)
9.4 By Country (2017-2030)

Chapter 10. Europe Market Size and Forecast

10.1 Overview
10.2 By Technology (2017-2030)
10.3 By Application (2017-2030)
10.4 By Country (2017-2030)

Chapter 11. APAC Market Size and Forecast

11.1 Overview
11.2 By Technology (2017-2030)
11.3 By Application (2017-2030)
11.4 By Country (2017-2030)

Chapter 12. RoW Market Size and Forecast

12.1 Overview
12.2 By Technology (2017-2030)
12.3 By Application (2017-2030)
12.4 By Country (2017-2030)

Chapter 13. Competitive Landscape

13.1 Market Share Analysis of Key Players
13.2 Competitive Benchmarking of Key Players
13.3 List of Other Key Players
13.4 Recent Strategic Developments of Key Players
- 13.4.1 Partnerships, Collaborations, and Agreements
- 13.4.2 Joint Ventures
- 13.4.3 Others Developments

Chapter 14. Company Profiles

14.1 Heroy Chemical Industry Co. Ltd.
- 14.1.1 Business Overview
- 14.1.2 Product and Service Offerings
14.2 GFBiochemicals Ltd.
- 14.2.1 Business Overview
- 14.2.2 Product and Service Offerings
14.3 Tecnicas Renunidas S.A.
- 14.3.1 Business Overview
- 14.3.2 Product and Service Offerings
- 14.3.3 Key Financial Summary
14.4 Simagchem Corporation
- 14.4.1 Business Overview
- 14.4.2 Product and Service Offerings
14.5 Tokyo Chemical Industry Co. Ltd.
- 14.5.1 Business Overview
- 14.5.2 Product and Service Offerings
14.6 Vigon International Inc.
- 14.6.1 Business Overview
- 14.6.2 Product and Service Offerings
14.7 Merck KGaA
- 14.7.1 Business Overview
- 14.7.2 Product and Service Offerings
- 14.7.3 Key Financial Summary
14.8 Shandong Xinhua Pharmaceutical I&E Co. Ltd.
- 14.8.1 Business Overview
- 14.8.2 Product and Service Offerings
14.9 Haihang Industry Co. Ltd.
- 14.9.1 Business Overview
- 14.9.2 Product and Service Offerings
14.10 Alfa Aesar
- 14.10.1 Business Overview
- 14.10.2 Product and Service Offerings
14.11 Hangzhou Aromalake Tech Co. Ltd.
- 14.11.1 Business Overview
- 14.11.2 Product and Service Offerings
14.12 Ascender Chemical Co. Ltd.
- 14.12.1 Business Overview
- 14.12.2 Product and Service Offerings
14.13 Hefei TNJ Chemical Industry Co. Ltd.
- 14.13.1 Business Overview
- 14.13.2 Product and Service Offerings
14.14 Augustus Oils Ltd.
- 14.14.1 Business Overview
- 14.14.2 Product and Service Offerings
14.15 Zibo Changlin Chemical Industry Co., Ltd.
- 14.15.1 Business Overview
- 14.15.2 Product and Service Offerings
14.16 Pujie Perfume (Shanghai) Co. Ltd.
- 14.16.1 Business Overview
- 14.16.2 Product and Service Offerings
14.17 Biofine Technology LLC
- 14.17.1 Business Overview
- 14.17.2 Product and Service Offerings

Chapter 15. Appendix

15.1 Abbreviations
15.2 Sources and References
15.3 Related Reports