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Levulinic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global levulinic acid market reached a value of US$ 25.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 34.4 Million by 2027, exhibiting a CAGR of 5.03% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Levulinic acid is an organic compound that is used to maintain the acidic balance of various pharmaceuticals, agrochemicals and solvents. It is also utilized for the manufacturing of personal care products, food additives, resins, coatings, fuel additives and biofuels. The acid is generally available in the form of white crystalline solid and is soluble in ethanol, diethyl ether and water. It is commercially produced by hydrolyzing acetyl succinate esters, ozone-based oxidation of ketones and acidic hydrolysis of furfuryl alcohol. It finds extensive applications across the pharmaceutical, cosmetic, agrochemical and food and beverage industries.

The growing agriculture and biofuel industries are among the key factors driving the growth of the market. Levulinic acid is increasingly being utilized in solvents, pesticides, fertilizers and herbicides as a green alternative to sulfuric acid. Furthermore, the increasing product adoption rate as a substitute for phthalate plasticizers in the manufacturing of polyvinyl chloride (PVC) products is another major growth-inducing factor. In comparison to phthalate plasticizers, levulinic acid is considered to be relatively less lethal for consumers. Additionally, the growing utilization of levulinic acid in the production of nylons and rubbers is positively impacting the market. Apart from this, the sodium salt of levulinic acid is also used as a preservative and a skin conditioning agent in personal care products and cosmetics. Other factors, including the flourishing construction and automotive industries, along with the increasing R&D activities in the field of chemistry and biotechnology, rapid industrialization and urbanization across the emerging nations, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global levulinic acid market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology, end-use industry and form.

Breakup by Technology:

  • Acid Hydrolysis
  • Biofine
     

Breakup by End-Use Industry:

  • Agriculture Industry
  • Pharmaceutical Industry
  • Food Industry
  • Cosmetics Industry
  • Others
     

Breakup by Form:

  • Liquid
  • Solid
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Avantium Chemicals B.V., Biofine International Inc., Dupont De Nemours Inc., GFBiochemicals, Great Chemical Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Langfang Triple Well Chemicals Co. Ltd., Sigma-Aldrich Corporation, Simagchem Corporation and Tokyo Chemical Industry Co. Ltd., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Technology, End-Use Industry, Form, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Avantium Chemicals B.V., Biofine International Inc., Dupont De Nemours Inc., GFBiochemicals, Great Chemical Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Langfang Triple Well Chemicals Co. Ltd., Sigma-Aldrich Corporation, Simagchem Corporation and Tokyo Chemical Industry Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global levulinic acid market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global levulinic acid market?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the end-use industry?
  • What is the breakup of the market based on the form?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global levulinic acid market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Levulinic Acid Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Technology
    6.1    Acid Hydrolysis
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Biofine
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by End-Use Industry
    7.1    Agriculture Industry
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Pharmaceutical Industry
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Food Industry
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Cosmetics Industry
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Form
    8.1    Liquid
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Solid
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Indicators
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Avantium Chemicals B.V.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
        14.3.2    Biofine International Inc
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
        14.3.3    Dupont De Nemours, Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    GFBiochemicals
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Great Chemical Co. Ltd
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Hefei TNJ Chemical Industry Co. Ltd.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Langfang Triple Well Chemicals Co. Ltd.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Sigma-Aldrich Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Simagchem Corporation
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Tokyo Chemical Industry Co. Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Levulinic Acid Market: Major Drivers and Challenges
Figure 2: Global: Levulinic Acid Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Levulinic Acid Market: Breakup by Technology (in %), 2021
Figure 4: Global: Levulinic Acid Market: Breakup by End-Use Industry (in %), 2021
Figure 5: Global: Levulinic Acid Market: Breakup by Form (in %), 2021
Figure 6: Global: Levulinic Acid Market: Breakup by Region (in %), 2021
Figure 7: Global: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 8: Global: Levulinic Acid (Acid Hydrolysis) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Levulinic Acid (Acid Hydrolysis) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Levulinic Acid (Biofine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Levulinic Acid (Biofine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Levulinic Acid (Agriculture Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Levulinic Acid (Agriculture Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Levulinic Acid (Pharmaceutical Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Levulinic Acid (Pharmaceutical Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Levulinic Acid (Food Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Levulinic Acid (Food Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Levulinic Acid (Cosmetics Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Levulinic Acid (Cosmetics Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Levulinic Acid (Other End-Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Levulinic Acid (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Levulinic Acid (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Levulinic Acid (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Levulinic Acid (Solid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Levulinic Acid (Solid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia Pacific: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia Pacific: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Levulinic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Levulinic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Global: Levulinic Acid Industry: SWOT Analysis
Figure 75: Global: Levulinic Acid Industry: Value Chain Analysis
Figure 76: Global: Levulinic Acid Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Levulinic Acid Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Levulinic Acid Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Global: Levulinic Acid Market Forecast: Breakup by End-Use Industry (in Million US$), 2022-2027
Table 4: Global: Levulinic Acid Market Forecast: Breakup by Form (in Million US$), 2022-2027
Table 5: Global: Levulinic Acid Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Levulinic Acid Market: Competitive Structure
Table 7: Global: Levulinic Acid Market: Key Players

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