The newly released research at Market Study Report titled “2019-2024 Global Levulinic Acid Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Selbyville, DE -- (SBWire) -- 06/03/2019 --According to this study, over the next five years the Levulinic Acid market will register a 12.0% CAGR in terms of revenue, the global market size will reach US$ 250 million by 2024, from US$ 130 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Levulinic Acid business, shared in Chapter 3.

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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.

A brief run-through of the industry segmentation encompassed in the Levulinic Acid market report:
Competitive landscape:

Companies involved: GFBiochemicals, Zibo Changlin Chemical, Hebei Yanuo, Heroy Chemical Industry, Langfang Triple Well Chemicals, Hefei TNJ Chemical, Guannan East Chemical, Zibo Shuangyu and LangFang Hawk

Vital pointers enumerated:
- Sales area
- Distribution
- Company profile
- Company overview
- Products manufactured
- Price patterns
- Revenue procured
- Gross margins
- Product sales

The Levulinic Acid market report provides an outline of the vendor landscape that includes companies such as GFBiochemicals, Zibo Changlin Chemical, Hebei Yanuo, Heroy Chemical Industry, Langfang Triple Well Chemicals, Hefei TNJ Chemical, Guannan East Chemical, Zibo Shuangyu and LangFang Hawk. Parameters such as the distribution and sales area, alongside other pivotal details such as the firm profiling and overview have also been mentioned.

The study mentions the products manufactured by these esteemed companies as well the product price prototypes, profit margins, valuation accrued, and product sales.

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Geographical landscape:
Regions involved: USA, Europe, Japan, China, India, South East Asia

Vital pointers enumerated:
- Product consumption patterns
- Valuation that each of these regions account for in the industry
- Market share which every region holds
- Consumption market share across the geographies
- Product consumption growth rate
- Geographical consumption rate

Segmented into USA, Europe, Japan, China, India, South East Asia, as per the regional spectrum, the Levulinic Acid market apparently covers most of the pivotal geographies, claims the report, which compiles a highly comprehensive analysis of the geographical arena, including details about the product consumption patterns, revenue procured, as well as the market share that each zone holds.

The study presents details regrading the consumption market share and product consumption growth rate of the regions in question, in tandem with the geographical consumption rate with regards to the products and the applications.

Product landscape
Product types involved: Industrial Grade, Pharma Grade and Others

Vital pointers enumerated:
- Market share held by the product
- Projected valuation of each type
- Individual product consumption as per value and growth rate
- Sales value

The Levulinic Acid market report enumerates information with respect to every product type among GFBiochemicals, Zibo Changlin Chemical, Hebei Yanuo, Heroy Chemical Industry, Langfang Triple Well Chemicals, Hefei TNJ Chemical, Guannan East Chemical, Zibo Shuangyu and LangFang Hawk, elaborating on the market share accrued, projected remuneration of each type, and the consumption rate of each product.

Application landscape:
Application sectors involved: Pharmaceuticals, Cosmetics & Personal Care, Plasticizers, Food and Flavors, Agrochemicals, Biofuels and Others

Vital pointers enumerated:
- Market share held by each application segment
- Forecast valuation of each application
- Consumption patterns

The Levulinic Acid market report, with respect to the application spectrum, splits the industry into Pharmaceuticals, Cosmetics & Personal Care, Plasticizers, Food and Flavors, Agrochemicals, Biofuels and Others, while enumerating details regarding the market share held by each application and the projected value of every segment by the end of the forecast duration.

The Levulinic Acid market report also includes substantial information about the driving forces impacting the commercialization landscape of the industry as well as the latest trends prevailing in the market. Also included in the study is a list of the challenges that this industry will portray over the forecast period.
Other parameters like the market concentration ratio, enumerated with reference to numerous concentration classes over the projected timeline, have been presented as well, in the report.

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