Precision Business Insights has published a report on the global levulinic acid market, estimating its value at USD 87.5 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 9.4% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/levulinic-acid-market

Market Definition:

Levulinic acid is an organic molecule that is produced when cellulose, carbohydrates, or biomass, such as agricultural waste, break down. Its chemical formula is C₅H₈O₃. It serves as a platform chemical for the production of numerous value-added goods, such as food additives, plasticizers, medicines, and biofuels.

Drivers:

1) Rising demand for bio-based chemicals.
2) Expanding use in cosmetics and personal care.

The global levulinic acid market segmentation:

1) By Technology: Biofine and Acid Hydrolysis.
2) By Application: Food Additives, Pharmaceuticals, Agricultural Products, Cosmetics and Personal Care Products, Plasticizers, Fuel Additives, and Others.

Regional Overview:
The report also examines the current concerns and their Future Effects on the levulinic acid market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the levulinic acid market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like GF Biochemicals Ltd. Biofine Technology LLC, NXTLEVVEL Biochem, Heroy Chemical Industry Co., Ltd. Simagchem Corporation, Tokyo Chemical Industry Co., Ltd. Merck KGaA, Hefei TNJ Chemical Industry Co., Ltd. Zibo Changlin Chemical Industry Co., Ltd. Hebei Yanuo Bioscience Group Co., Ltd. Avantium N.V. Langfang Triple Well Chemicals Co., Ltd. Godavari Biorefineries Ltd. DuPont de Nemours, Inc. Great Chemicals Co., Ltd. Anhui Herman Impex Co., Ltd. Shandong Xinhua Pharmaceutical I&E Co., Ltd. Sigma-Aldrich (part of Merck) BASF SE Eastman Chemical Company Archer Daniels Midland Company (ADM) Corbion N.V. BioAmber Inc. Rennovia Inc. PTT Global Chemical Public Company Ltd. Mitsubishi Chemical Corporation, Arkema S.A. LG Chem Ltd. Genomatica Inc. Segetis Inc. Myriant Corporation Novamont S.p.A. GFBiochemicals Netherlands B.V. Lenzing AG, DSM-Firmenich AG, Evonik Industries AG, Huntsman Corporation, Solvay S.A., Sinopec Group, ChemCeed LLC.

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