Global Levulinic Acid Market |Trends, Size, Top 10 Key Players & Forecast to 202Posted by Priya on July 2nd, 2018 Levulinic Acid Market Overview to 2023 The levulinic acid is widely used in food and beverage, pharmaceuticals, cosmetic and personal care products, agriculture, and other applications. Levulinic acid is extensively used in processed food as food additives. Personal care and pharmaceutical sector are expected to witness an expanding growth during the forecast period 2017-2023. Asia Pacific is anticipated to show a steady growth during the assessed period. The presence of agriculture dominant economies in the region has fuelled the use of levulinic acid as pesticides, which is a key factor driving the market in the region. Moreover, the growing per capita disposable income in the developing region has augmented the demand for cosmetic and personal care products which is another factor contributing to the growth of the market. In addition to this, to growing working population has augmented the demand for on-the-go food and beverages, in turn, adding to the market of levulinic acid owing to its major use as food additives. Obtain Sample Research Report now @ https://www.marketresearchfuture.com/sample_request/1639 Levulinic Acid Market- Top 10 Global key Players GFBiochemicals, Ltd. (Italy), Segetis, Inc. (U.S.), Heroy Chemical Industry Co., Ltd. (China), Parchem fine & specialty chemicals (U.S.), Tokyo Chemical Industry Co. Ltd. (Japan), E. I. du Pont de Nemours and Company (U.S.), Biofine Technology LLC (U.S.), China Shijiazhuang Pharmaceutical Group Co. Ltd. (China), Apple Flavor & Fragrance Group Co., Ltd. (China), Hebei Langfang Triple Well Chemicals Co., Ltd (China), Avantium Inc,( Netherland), Tokyo Chemical Industry Co. Ltd( Japan), and Hefei TNJ Chemical Industry Co Ltd( China), among others are some of the prominent players at the forefront of competition in the global Levulinic Acid Market and are profiled in MRFR Analysis. Target Audience
Industry/ Innovation/ Related News: 22 July, 2015 - Bio based chemical company GF biochemical started the production of levulinic acid in their 10,000MT capacity plant in Caserta, Italy. GF Chemicals Company become the first company to start the production of levulinic acid from biomass at a commercial scale. This development is expected to fuel the market of bio based levulinic acid in Europe. Access complete Report @ https://www.marketresearchfuture.com/reports/levulinic-acid-market-1639 Regional Analysis The levulinic acid market is segmented across five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, North America holds a major share of the market and is expected to be the fastest growing market during the forecast years. North America followed by Europe are expected to show steady growth during the assessment period. The developed personal care and pharmaceutical industry are driving the market in this region. Moreover, the fast paced lifestyle and the growing working population have augmented the demand for convenience food in the region, which further fuel the demand for levulinic acid as food additives. The major growth in the levulinic acid market in the region is attributed to the U.S. and Canada. Like it? Share it! More by this author |