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The global levulinic acid market was valued at US$ 25.8 Million in 2021.
We expect the global levulinic acid market to exhibit a CAGR of 5.03% during 2022-2027.
The extensive application of levulinic acid to maintain the acidic balance of various pharmaceutical
products, agrochemicals, and solvents is primarily driving the global levulinic acid market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in the temporary closure of end-use industries
for levulinic acid.
Based on the technology, the global levulinic acid market can be categorized into acid hydrolysis and
biofine. Currently, biofine technology exhibits clear dominance in the market.
Based on the end use industry, the global levulinic acid market has been segmented into agriculture
industry, pharmaceutical industry, food industry, cosmetics industry, and others. Among these, the
agriculture industry represents the largest market share.
Based on the form, the global levulinic acid market can be bifurcated into liquid and solid. Currently,
liquid form accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global levulinic acid market include 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, Tokyo Chemical Industry Co. Ltd., etc.
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