A growing demand for levulinic from the agricultural sector is one of the significant factors influencing the market growth.

Natural Levulinic Acid Market Size – USD 29.9 Million in 2019, Growth - CAGR of 9.3%, Trends – Growing demand in the production of PVC

The global Natural Levulinic Acid Market is expected to reach USD 61.2 Million by 2027, according to a new report by Reports and Data. Natural Levulinic Acid is a very versatile chemical that finds usage in several end-use industries attributed to its application as food feed additive, fertilizer, fungicide, plasticizer, coating, and antifreeze, among others. Agriculture is the primary user of Natural Levulinic Acid. Growing demand for fertilizers for high crop yield is one of the significant factors influencing the market growth. Fertilizers allow farmers to increase their crop yield by boosting the productivity of the agricultural land, as well as can make an otherwise less productive land produce substantial yields. Fertilizers are formulated to support the yield of certain plants by allowing the plants to absorb the essential macro and micronutrient easily. The worldwide demand for fertilizers has witnessed a decent pace of growth, with the demand being more than 138 million tons in the year 2000 and rose to around 210 million tons in the year 2019.

Natural Levulinic Acid Market Demand:

The Natural Levulinic Acid market is expected to grow due to increasing demand for renewable and bio-based chemicals. Natural Levulinic Acid is a platform chemical that can be converted into a variety of products such as solvents, sweeteners, and biodegradable plastics. The growing demand for sustainable and environmentally friendly products is driving the growth of the Natural Levulinic Acid market.

Get a sample of the report https://www.reportsanddata.com/sample-enquiry-form/3472

Top Companies: GF Biochemicals, Avantium NV, DuPont, Hebei Shijiazhuang Worldwide Furfural Furfuryl Alcohol Furan Resin Co. Ltd., Shijiazhuang Pharmaceutical Group Ouyi Pharmaceutical Co. Ltd., Biofine Technology LLC, Segetis, Shanghai Apple Flavor Fragrance Co. Ltd., Hebei Langfang Triple Well Chemicals Co. Ltd., Jiangsu Yancheng China Flavor Chemicals Co. Ltd., Sigmachem Corporation, and Anhui Herman Impex Co Ltd., among others.

Further Key Finding from the Report Suggestion:

• By technology, acid hydrolysis is likely to observe a growth rate of 8.8% in the forecast period. Natural Levulinic Acid is made by high-temperature acid hydrolysis of carbohydrates, including galactose, glucose, and sucrose, among others, as well as form biomeric material like wood and agricultural wastes. Levulinic is isolated either by solvent extraction or partial neutralization, filtration, and vacuum steam distillation.
• By distribution channel, offline held a larger Natural Levulinic Acid market size in 2019. The Natural Levulinic Acid industry is very offline-intensive and witnesses transparency. The offline channel necessitates the requirement of substantial investment of time by the buyer and high selling costs, along with considerable knowledge of the Natural Levulinic Acid market on the seller side.
• By application, food additive held a substantial Natural Levulinic Acid market size in 2019. Natural Levulinic Acid as a food-grade preservative finds usage in slowing down microbial growth, regulating the pH levels of food products, and disinfecting the surface of fruits. Besides, Natural Levulinic Acid is generally deployed to make maple, caramel, and several other syrupy flavors such as a flavor in berry-type compositions.
• North America held the Natural Levulinic Acid largest market share in 2019 and is likely to grow at a rate of 8.9% in the forecast period. The market dominance of the region is owing to the high demand for the product from the cosmetics and pharmaceutical industry. Besides, high purchasing power parity in countries like the US and Canada is driving the growth of the Natural Levulinic Acid market in the region.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

Download Summary: https://www.reportsanddata.com/download-summary-form/3472

The global Natural Levulinic Acid market is segmented into:

Technology Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

• Acid Hydrolysis
• Biofine

Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

• Online
• Offline

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

• Agriculture
• Pharmaceutical
• Food Additives
• Cosmetics
• Plasticizers
• Others

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

Request a customization of the report https://www.reportsanddata.com/request-customization-form/3472

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

Browse More Reports:

Offshore Mooring Systems Market https://www.reportsanddata.com/report-detail/offshore-mooring-systems-market

Industrial Wastewater Treatment Market https://www.reportsanddata.com/report-detail/industrial-wastewater-treatment-market

Nonwoven Disposable Gloves Market https://www.reportsanddata.com/report-detail/nonwoven-disposable-gloves-market

Physical Vapor Deposition (PVD) Market https://www.reportsanddata.com/report-detail/physical-vapor-deposition-pvd-market

Peracetic Acid Market https://www.reportsanddata.com/report-detail/peracetic-acid-market

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

LinkedIn | Twitter | Blogs | Insights

Read the innovative blog at https://www.reportsanddata.com/blogs

Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports