The global levulinic acid market is projected to grow at a CAGR of 6%-7% during 2020-2025. The growth of levulinic acid market is driven by increasing demand for levulinic acid in the plasticizer and pharmaceutical and cosmetic industries.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the levulinic acid market by
application (plasticizers, pharmaceuticals & cosmetics, agriculture, food
additives, and others), technology (acid hydrolysis and biofine), and region
(North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the levulinic acid market?
Q.4 What are some
changing demands of customers in the levulinic acid market?
Q.5 What are the new
developments in the levulinic acid market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this levulinic acid area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this levulinic acid market?
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Market Segmentation:
BASED on technology, the
levulinic acid market is segmented into acid hydrolysis and biofine. The acid
hydrolysis segment is accounted for the largest share of the market in 2020
and is expected to
register the highest CAGR during the forecast period.
North America is expected
to be the largest region over the forecast period due to growing demand
for biofuel and favorable government regulations in the region.
Key Players in the levulinic
acid market are Biofine International Inc., Avantium Inc., GF Biochemicals
Ltd., Langfang Triple Well Chemicals Co Ltd, Simagchem Corporation, Hefei TNJ
Chemical Industry Co Ltd., and Great Chemicals Co Ltd.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/levulinic-acid-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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