Levulinic Acid Market Worth 32.5 Million USD by 2021

PUNE, India, September 27, 2016 /PRNewswire/ --

The report "Levulinic Acid Market by Application (Plasticizers, Pharmaceuticals & Cosmetics), Technology (Acid Hydrolysis, Biofine), and Region (North America, Europe, Asia-Pacific and Rest of the World) - Global Forecast to 2021", published by MarketsandMarkets, the market is projected to reach USD 32.5 Million by 2021, at a CAGR of 14.0% between 2016 and 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 27 market data Tables and 52 Figures spread through 113 Pages and in-depth TOC on "Levulinic Acid Market"

http://www.marketsandmarkets.com/Market-Reports/levulinic-acid-market-143960662.html 

Early buyers will receive 10% customization on this report.

This growth can be attributed to the increasing consumption of levulinic acid in pharmaceuticals and cosmetics.

Among applications, the plasticizers segment is expected to lead the levulinic acid market during the forecast period 

Based on application, the plasticizers segment accounted for a major share of the levulinic acid market in 2015. Plasticizers are organic esters that are used to provide more flexibility to plastics, such as polyvinyl chloride (PVC). PVC is used in several applications due to its low cost, durability, and versatility. Levulinic acid-derived ketal esters can be a potential replacement of phthalate-based plasticizers, which make majority of the world's plasticizer market. With increasing demand for renewable, phthalate-free plasticizers, particularly used in children toys, as well as for products that are used by humans, the demand for levulinic acid is expected to grow during the forecast period.

North America is expected to lead the levulinic acid market during the forecast period 

North America accounted for the largest share of the levulinic acid market in 2015, followed by Europe and Asia-Pacific. The U.S. is one of the major consumers of levulinic acid in North America. Increasing investments in organic materials by leading companies of the fast moving consumer goods industry for end-products, and rising demand for levulinic acid from pharmaceuticals and cosmetics industries are expected to drive the North America levulinic acid market.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=143960662

Major players in the 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), among others.

This report offers an overview of market trends, drivers, and challenges with respect to the levulinic acid market. It also provides a detailed overview of the market across four regions, namely, Asia-Pacific, Europe, North America, and the Rest of the World (Middle East & Africa, and Latin America). The report categorizes the levulinic acid market on the basis of application and region. A detailed analysis of leading players, along with key growth strategies adopted by them has also been provided in the report.

Browse Related Reports: 

Green and Bio-Solvents Market by Type (Alcohols, Glycols, Diols, Lactate Esters, D-Limonene, Methyl Soyate & Others), & by Application (Industrial & Domestic Cleaners, Paints & Coatings, Adhesives, Printing Inks & Others) - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/green-bio-solvents-market-755.html

Biolubricants Market by Type (Vegetable Oil, Animal Fat), Application (Hydraulic Fluids, Metalworking Fluids, Chainsaw Oils, Mold Release Agents), End Use (Industrial, Commercial Transport, Consumer Automobile) - Global Forecasts to 2021
http://www.marketsandmarkets.com/Market-Reports/biolubricants-market-17431466.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: [email protected]

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets