Los Angeles, CA -- (SBWIRE) -- 04/18/2019 -- Levulinic acid (CAS No 123-76-2), or 4-oxopentanoic acid, is an organic compound with the formula CH3C(O)CH2CH2CO2H. It is classified as a keto acid. This white crystalline solid is soluble in water and polar organic solvents. It is derived from degradation of cellulose and is a potential precursor to biofuels.

The global average price of Levulinic Acid is in the decreasing trend, from 9.12 USD/Kg in 2013 to 8.56 USD/Kg in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.

Asia Pacific is the largest producer of Levulinic Acid, with a production market share nearly 61.21% in 2017. North America is the second largest producer of Levulinic Acid, enjoying production market share nearly 26.37% in 2017.

In the future, the production and consumption is estimated to continue developing with a stable growth rate. To meet the large and increasing demand, more and more manufacturers will go into this industry.

The global Levulinic Acid market was 130 million US$ in 2018 and is expected to 330 million US$ by the end of 2025, growing at a CAGR of 12.6% between 2019 and 2025.

This report studies the Levulinic Acid market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Levulinic Acid in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

GFBiochemicals

Zibo Changlin Chemical

Hebei Yanuo

Heroy Chemical Industry

Langfang Triple Well Chemicals

Hefei TNJ Chemical

Guannan East Chemical

Zibo Shuangyu

LangFang Hawk

By the product type, the market is primarily split into

Industrial Grade

Pharma Grade

Others

By the end users/application, this report covers the following segments

Pharmaceuticals

Cosmetics & Personal Care

Plasticizers

Food and Flavors

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