Levulinic Acid Market by Application (Plasticizers, Pharmaceuticals & Cosmetics), Technology (Acid Hydrolysis, Biofine), and Region (North America, Europe, Asia-Pacific and Rest of the World) - Global Forecast to 2021

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Date: 27-Sep-2016
No. of pages: 113
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The levulinic acid market is projected to reach USD 32.5 million by 2021

The levulinic acid market is projected to reach USD 32.5 million by 2021, at a CAGR of 14.0% between 2016 and 2021. Increasing consumption of levulinic acid by pharmaceuticals and cosmetics industries is one of the significant factors driving the growth of the levulinic acid market. High price due to low production volumes of levulinic acid is one of the key restraints for growth of the market. However, with capacity expansion, the prices may go down.

Based on application, the pharmaceuticals & cosmetics segment is expected to grow at a high rate during the forecast period

Levulinic acid is an important bio-based platform chemical that is increasingly being used in several applications, owing to its exceptional performance as an anti-inflammatory and minerals supplement. Levulinic acid offers several advantages, such as increasing demand for biochemical across industries and regulations imposed by regulatory bodies, such as governments and environmental associations on use of petrochemical products. In addition, ketal esters, which are derivatives of levulinic acid, are expected to replace all phthalate-based plasticizers, as these are bio-based. This factor may lead to high demand for levulinic acid in the coming years with changing industry trends for green chemicals.

The levulinic acid market in Europe is projected to grow at the highest CAGR during the forecast period

The Europe levulinic acid market is anticipated to grow at the highest CAGR between 2016 and 2021. This growth can be attributed to the increasing demand for levulinic acid by industries, such as plasticizers, pharmaceuticals, and cosmetics. Germany is anticipated to lead the Europe levulinic acid market, in terms of consumption, during the forecast period.

Breakdown Of Profile Of Primary Participants:


  • By Company Type: Tier 1 –37 %, Tier 2 - 13%, and Tier 3 - 50%

  • By Designation: C Level - 50%, Director Level - 31%, and Others - 19%

  • By Region: North America - 44%, Europe- 31%, Asia-Pacific- 19%, and Rest of the World- 6%


Major companies profiled in this report are Biofine International Inc. (U.S.), Avantium (Netherlands), GF Biochemicals Ltd. (Italy), Langfang Triple Well Chemicals Co. Ltd (China), Simagchem Corporation (China), Hefei TNJ Chemical Industry Co., Ltd. (China), Great Chemicals Co. Ltd. (China), and Anhui Herman Impex Co. Ltd. (China), among others.

Reasons To Buy The Report:


  • This report includes market statistics pertaining to applications and region, along with their respective revenues

  • Major drivers, restraints, and opportunities for the levulinic acid market have been detailed in this report

  • Illustrative segmentation, analysis, and forecast of markets based on application and region have been conducted to give an overall view of the levulinic acid market

  • Detailed competitive landscape includes key players, in-depth analysis, and revenue of key players


Research Coverage

The market for levulinic acid has been segmented into application and region. Based on application, the levulinic acid market has been divided into plasticizers, pharmaceuticals & cosmetics, and others. Four major regions, namely, North America, Europe, Asia-Pacific, and Row have been covered for country-wise study of the levulinic acid market. The study covers a comprehensive market overview for the levulinic acid market that depicts potential drivers, restraints, challenges, and current policies for biochemical in five major regions that may affect the dynamics of the market, in terms of future trends.

Levulinic Acid Market by Application (Plasticizers, Pharmaceuticals & Cosmetics), Technology (Acid Hydrolysis, Biofine), and Region (North America, Europe, Asia-Pacific and Rest of the World) - Global Forecast to 2021

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Product Analysis
1.2.1 Product Definition
1.2.2 Product Properties
1.3 Markets Covered
1.4 Stakeholders
1.5 Currency & Years Considered for the Study

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.2.1 Top Down
2.2.2 Bottom Up
2.3 Data Triangulation
2.4 General Assumptions

3 Executive Summary
3.1 Introduction
3.2 Market Developments
3.3 Market Analysis
3.4 Conclusion

4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Impact Analysis of Drivers & Restraints
4.2.5 Evolution of Renewable Fuels & Chemicals
4.3 Platform Chemicals - Sources and Feedstock
4.4 Market Estimates (Comparison of Platform Chemicals With Peer Markets)
4.5 Chemical Initiatives and Regulations Supporting Bio-Based Chemicals
4.6 Current Policy Status for Biochemicals in Five Major Regions

5 Industry Trends
5.1 Value Chain Analysis
5.2 Biobased Chemicals : Commercialization and Growth Prospects
5.3 Patent Analysis
5.4 New Markets and Applications Already Validated
5.5 Levulinic Acid Production Routes

6 Levulinic Acid Market, By Technology
6.1 Introduction
6.2 Acid Hydrolysis Production Process
6.3 Biofine Production Process
6.4 Levulinic Acid as A Part of Green Technology
6.5 Levulinic Acid Derivatives and Applications
6.6 Existing and Potential Applications
6.7 Market Dynamics of Target Market

7 Levulinic Acid Market, By Region
7.1 Introduction
7.2 Levulinic Acid Market, By Region 2014-2021
7.3 North America Levulinic Acid Market
7.4 Europe Levulinic Acid Market
7.5 Asia-Pacific Levulinic Acid Market
7.6 RoW Levulinic Acid Market

8 Levulinic Acid Market, By Application
8.1 Introduction
8.2 Estimated Size of Major Addressable Markets By 2021
8.3 Levulinic Acid Market, By Application 2014-2021
8.4 Plasticizers
8.5 Pharmaceuticals & Cosmetics
8.6 Other Applications

9 Company Profile
9.1 Company Analysis
9.2 Biofine International Inc.
9.3 Avantium Inc.
9.4 GF Biochemicals Ltd.
9.5 Langfang Triple Well Chemicals Co Ltd
9.6 Simagchem Corporation
9.7 Hefei TNJ Chemical Industry Co Ltd.
9.8 Great Chemicals Co Ltd.

10 Appendix
10.1 RT: Real Time Market Intelligence
10.2 Knowledge Store

List of Tables

Table 1 Levulinic Acid Properties
Table 2 Levulinic Acid Identifiers
Table 3 General Assumptions
Table 4 Yearwise Forecast and Assumptions
Table 5 Building Block Chemicals for Bio-Refineries
Table 6 Chemical Initiatives and Regulations for Bio-Based Chemicals
Table 7 Policy Status for Biochemicals in Five Major Regions
Table 8 Levulinic Acid: Region Wise Patent Analysis
Table 9 Levulinic Acid Market, By Region, 2014-2021 (USD Million)
Table 10 Levulinic Acid Market, By Region, 2014-2021 (Tons)
Table 11 North America Levulinic Acid Market, By Country, 2014-2021 (USD Million)
Table 12 North America Levulinic Acid Market, By Country, 2014-2021 (Tons)
Table 13 Europe Levulinic Acid Market, By Country, 2014-2021 (USD Million)
Table 14 Europe Levulinic Acid Market, By Country, 2014-2021 (Tons)
Table 15 Asia-Pacific Levulinic Acid Market, By Country, 2014-2021 (USD Million)
Table 16 Asia-Pacific Levulinic Acid Market, By Country, 2014-2021 (Tons)
Table 17 Rest of World Levulinic Acid Market, By Region, 2014-2021 (USD Million)
Table 18 Rest of World Levulinic Acid Market, By Region, 2014-2021 (Tons)
Table 19 Levulinic Acid Market, By Application, 2014-2021 (USD Million)
Table 20 Levulinic Acid Market, By Application, 2014-2021 (Tons)
Table 21 Levulinic Acid Market in Plasticizers, By Region, 2014-2021 (USD Million)
Table 22 Levulinic Acid Market in Plasticizers, By Region, 2014-2021 (Tons)
Table 23 Levulinic Acid Market in Pharmaceuticals & Cosmetics, By Region, 2014-2021 (USD Million)
Table 24 Levulinic Acid Market in Pharmaceuticals & Cosmetics, By Region, 2014-2021 (Tons)
Table 25 Levulinic Acid Market in Other Applications, By Region, 2014-2021 (USD Million)
Table 26 Levulinic Acid Market in Other Applications, By Region, 2014-2021 (Tons)
Table 27 Levulinic Acid Market: Company and Technology Analysis

List of Figures

Figure 1 Levulinic Acid Market Scope
Figure 2 Levulinic Acid Market : Research Methodology
Figure 3 Market Size Estimation : Top Down Approach
Figure 4 Market Size Estimation : Bottom Up Approach
Figure 5 Levulinic Acid Market : Data Triangulation
Figure 6 Levulinic Acid Market Value (USD Million) : 2014-2021
Figure 7 Levulinic Acid Market Share in 2015 : By Application
Figure 8 Europe to Register Highest CAGR Between 2016-2021
Figure 9 Levulinic Acid Market : Segmentation
Figure 10 Levulinic Acid : Market Dynamics
Figure 11 Levulinic Acid : Market Drivers
Figure 12 Levulinic Acid : Impact Analysis
Figure 13 Evolution of Renewable Fuels and Chemicals
Figure 14 Platform Chemicals : Sources and Feedstock
Figure 15 Comparison of Platform Chemicals With Peer Markets
Figure 16 Value Chain Analysis Bio Based Chemicals
Figure 17 Bio Based Chemicals : Commercialization and Growth Prospects
Figure 18 Levulinic Acid : Regionwise Patent Analysis
Figure 19 Levulinic Acid : Comparison of Market Potential and Price
Figure 20 Levulinic Acid : Production Routes
Figure 21 Acid Hydrolysis : Production Process
Figure 22 Biofine Production Process
Figure 23 Levulinic Acid : Part of Green Technology
Figure 24 Existing and Potential Applications of Levulinic Acid Derivatives
Figure 25 Levulinic Acid Market, By Region, 2015-2021 (USD Million)
Figure 26 Levulinic Acid Market, By Region, 2015-2021 (Tons)
Figure 27 North America Levulinic Acid Market, By Country, 2015-2021 (USD Million)
Figure 28 North America Levulinic Acid Market, By Country, 2015-2021 (Tons)
Figure 29 Europe Levulinic Acid Market, By Country, 2015-2021 (USD Million)
Figure 30 Europe Levulinic Acid Market, By Country, 2015-2021 (Tons)
Figure 31 Asia-Pacific Levulinic Acid Market, By Country, 2015-2021 (USD Million)
Figure 32 Asia-Pacific Levulinic Acid Market, By Country, 2015-2021 (Tons)
Figure 33 Rest of World Levulinic Acid Market, By Region, 2015-2021 (USD Million)
Figure 34 Rest of World Levulinic Acid Market, By Region, 2015-2021 (Tons)
Figure 35 Levulinic Acid : Estimated Addressable Market By 2021
Figure 36 Levulinic Acid Market, By Application , 2015-2021 (USD Million )
Figure 37 Levulinic Acid Market, By Application , 2015-2021 (Tons)
Figure 38 Levulinic Acid Market in Plasticizers, By Region, 2015-2021 (USD Million)
Figure 39 Levulinic Acid Market in Plasticizers, By Region, 2015-2021 (Tons)
Figure 40 Levulinic Acid Market in Pharmaceuticals & Cosmetics, By Region, 2015-2021 ( USD Million)
Figure 41 Levulinic Acid Market in Pharmaceuticals & Cosmetics, By Region, 2015-2021 (Tons)
Figure 42 Levulinic Acid Market in Other Applications, By Region, 2015-2021 (USD Million)
Figure 43 Levulinic Acid Market in Other Applications, By Region, 2015-2021 (Tons)
Figure 44 Levulinic Acid Market : Feedstock Analysis
Figure 45 Biofine Inc. Expected Commercialization
Figure 46 Avantium : Growth Strategies
Figure 47 Avantium : Feedstocks Used
Figure 48 Avantium : Target Market
Figure 49 Avantium : Expected Commercialization
Figure 50 GF Biochemical : Reactor Technology
Figure 51 GF Biochemical : Feedstock Used
Figure 52 GF Biochemical : Expected Commercialization

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