Lucintel’s latest market report analyzed that levulinic acid provides attractive opportunities in plasticizer, agriculture, food additive, and pharmaceutical and cosmetic applications. The levulinic acid market is expected to grow at a CAGR of 6%-7%. In this market, acid hydrolosis is the largest segment by technology, whereas agriculture is largest by application.
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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.
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The levulinic acid market is marked by the presence of several big and small players. Some of the prominent players offering Levulinic acid include 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.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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