Levulinic Acid Market Size to Grow by 3436.9 tons with 35% of the contribution from North America - Technavio

NEW YORK, Sept. 5, 2022 /PRNewswire/ -- The latest market analysis report titled Levulinic Acid Market by End-user and Geography - Forecast and Analysis 2022-2026 has been added to Technavio's catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 7.68%. Technavio categorizes the global levulinic acid market as a part of the global commodity chemicals market. Our report provides extensive information on the value chain analysis for the levulinic acid market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report on the levulinic acid market provides a holistic update, market size and forecast, trends, growth drivers, challenges, and vendor analysis. One of the key factors driving the global levulinic acid market growth is the growing preference for levulinic acid over petroleum-based chemicals. LA-esters and ketals have various potential applications, including fragrance ingredients, cleaner-burning fuel additives, and a renewable chemical intermediate for downstream value addition. LA-esters are commercialized as niche fruity flavor and fragrance ingredients. Levulinic acid-derived ketal plasticizers are being used to replace phthalate-based plasticizers, which hold the major share in the global plastics industry. The growing interest in sustainable bio-plasticizers will drive the levulinic acid market during the forecast period. 

Furthermore, The production of green transportation fuels from biomass is one of the key levulinic acid market trends that is expected to impact the industry positively in the forecast period. LA derivatives are increasingly being used as fuel additives and as a replacement for the current cetane improvers and cold-flow performers for diesel. The demand for green transportation fuel, such as green gasoline, green jet fuel, and green diesel, is also increasing. GTFs are compatible with the existing combustion engines and petroleum refinery infrastructure. The growing use of LA derivatives to produce renewable biodiesel and jet fuel will augment the market growth in the forecast years.

Technavio analyzes the market by End-user (Agriculture, Pharmaceuticals, Food and beverage, Cosmetics, and Others) and Geography (North America, Europe, APAC, South America, and Middle East and Africa).

Revenue-generating Segment Insights: The levulinic acid market share growth in the agriculture segment will be significant during the forecast period. This can be attributed to the increased preference for bio-based agricultural products. LA is considered a bio-based additive and can be utilized in fertilizers, herbicides, insecticides, and other agricultural products. 

Regional opportunities: 35% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for levulinic acids in North America. Market growth in this region will be faster than the growth of the market in Europe. The growing demand from the personal care and food and beverage industries in countries such as the US will facilitate the levulinic acid market growth in North America over the forecast period.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Levulinic Acid Market Sizing
Levulinic Acid Market Forecast
Levulinic Acid Market Analysis

The levulinic acid market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. This statistical study of the levulinic acid market encompasses successful business strategies deployed by the key vendors. The levulinic acid market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. To make the most of the opportunities and recover from the pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

• Advanced Biotech
• Augustus Oils Ltd.
• Aurochemicals
• BEIJING LYS CHEMICALS Co. Ltd.
• Charkit Chemical Co. LLC.
• De Monchy Aromatics Ltd.
• GFBiochemicals Ltd.
• Hefei TNJ Chemical Industry Co. Ltd.
• Merck and Co. Inc.
• Otto Chemie Pvt. Ltd.
• RXChemicals
• Shanghai M and U International Trade Co. Ltd.
• Simagchem Corp.
• Synerzine Inc.
• The Sherwin Williams Co.
• Tokyo Chemical Industry Co. Ltd.
• Vigon International Inc.

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (t)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (t)
• Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Agriculture - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Agriculture - Market size and forecast 2021-2026 (t)
• Exhibit 29: Data Table on Agriculture - Market size and forecast 2021-2026 (t)
• Exhibit 30: Chart on Agriculture - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Agriculture - Year-over-year growth 2021-2026 (%)

• 5.4 Pharmaceuticals - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Pharmaceuticals - Market size and forecast 2021-2026 (t)
• Exhibit 33: Data Table on Pharmaceuticals - Market size and forecast 2021-2026 (t)
• Exhibit 34: Chart on Pharmaceuticals - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Pharmaceuticals - Year-over-year growth 2021-2026 (%)

• 5.5 Food and beverage - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Food and beverage - Market size and forecast 2021-2026 (t)
• Exhibit 37: Data Table on Food and beverage - Market size and forecast 2021-2026 (t)
• Exhibit 38: Chart on Food and beverage - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Food and beverage - Year-over-year growth 2021-2026 (%)

• 5.6 Cosmetics - Market size and forecast 2021-2026 
• Exhibit 40: Chart on Cosmetics - Market size and forecast 2021-2026 (t)
• Exhibit 41: Data Table on Cosmetics - Market size and forecast 2021-2026 (t)
• Exhibit 42: Chart on Cosmetics - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Cosmetics - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026 
• Exhibit 44: Chart on Others - Market size and forecast 2021-2026 (t)
• Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 (t)
• Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by End-user 
• Exhibit 48: Market opportunity by End-user (t)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on North America - Market size and forecast 2021-2026 (t)
• Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 (t)
• Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 (t)
• Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 (t)
• Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026 
• Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 (t)
• Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 (t)
• Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 66: Chart on South America - Market size and forecast 2021-2026 (t)
• Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 (t)
• Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 (t)
• Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (t)
• Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 74: Chart on US - Market size and forecast 2021-2026 (t)
• Exhibit 75: Data Table on US - Market size and forecast 2021-2026 (t)
• Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026 
• Exhibit 78: Chart on China - Market size and forecast 2021-2026 (t)
• Exhibit 79: Data Table on China - Market size and forecast 2021-2026 (t)
• Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026 
• Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 (t)
• Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 (t)
• Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Italy - Market size and forecast 2021-2026 
• Exhibit 86: Chart on Italy - Market size and forecast 2021-2026 (t)
• Exhibit 87: Data Table on Italy - Market size and forecast 2021-2026 (t)
• Exhibit 88: Chart on Italy - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Italy - Year-over-year growth 2021-2026 (%)

• 7.12 Canada - Market size and forecast 2021-2026 
• Exhibit 90: Chart on Canada - Market size and forecast 2021-2026 (t)
• Exhibit 91: Data Table on Canada - Market size and forecast 2021-2026 (t)
• Exhibit 92: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.13 France - Market size and forecast 2021-2026 
• Exhibit 94: Chart on France - Market size and forecast 2021-2026 (t)
• Exhibit 95: Data Table on France - Market size and forecast 2021-2026 (t)
• Exhibit 96: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 97: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.14 Market opportunity by geography 
• Exhibit 98: Market opportunity by geography (t)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 99: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 100: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 101: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 102: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 103: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 104: Matrix on vendor position and classification

• 10.3 Advanced Biotech
• Exhibit 105: Advanced Biotech - Overview
• Exhibit 106: Advanced Biotech - Product / Service
• Exhibit 107: Advanced Biotech - Key offerings

• 10.4 Augustus Oils Ltd.
• Exhibit 108: Augustus Oils Ltd. - Overview
• Exhibit 109: Augustus Oils Ltd. - Product / Service
• Exhibit 110: Augustus Oils Ltd. - Key offerings

• 10.5 Aurochemicals
• Exhibit 111: Aurochemicals - Overview
• Exhibit 112: Aurochemicals - Product / Service
• Exhibit 113: Aurochemicals - Key offerings

• 10.6 BEIJING LYS CHEMICALS Co. Ltd. 
• Exhibit 114: BEIJING LYS CHEMICALS Co. Ltd. - Overview
• Exhibit 115: BEIJING LYS CHEMICALS Co. Ltd. - Product / Service
• Exhibit 116: BEIJING LYS CHEMICALS Co. Ltd. - Key offerings

• 10.7 Charkit Chemical Co. LLC. 
• Exhibit 117: Charkit Chemical Co. LLC. - Overview
• Exhibit 118: Charkit Chemical Co. LLC. - Product / Service
• Exhibit 119: Charkit Chemical Co. LLC. - Key offerings

• 10.8 GFBiochemicals Ltd.
• Exhibit 120: GFBiochemicals Ltd. - Overview
• Exhibit 121: GFBiochemicals Ltd. - Product / Service
• Exhibit 122: GFBiochemicals Ltd. - Key offerings

• 10.9 Hefei TNJ Chemical Industry Co. Ltd. 
• Exhibit 123: Hefei TNJ Chemical Industry Co. Ltd. - Overview
• Exhibit 124: Hefei TNJ Chemical Industry Co. Ltd. - Product / Service
• Exhibit 125: Hefei TNJ Chemical Industry Co. Ltd. - Key offerings

• 10.10 Merck and Co. Inc.
• Exhibit 126: Merck and Co. Inc. - Overview
• Exhibit 127: Merck and Co. Inc. - Business segments
• Exhibit 128: Merck and Co. Inc. - Key news
• Exhibit 129: Merck and Co. Inc. - Key offerings
• Exhibit 130: Merck and Co. Inc. - Segment focus

• 10.11 Simagchem Corp.
• Exhibit 131: Simagchem Corp. - Overview
• Exhibit 132: Simagchem Corp. - Product / Service
• Exhibit 133: Simagchem Corp. - Key offerings

• 10.12 The Sherwin Williams Co. 
• Exhibit 134: The Sherwin Williams Co. - Overview
• Exhibit 135: The Sherwin Williams Co. - Business segments
• Exhibit 136: The Sherwin Williams Co. - Key news
• Exhibit 137: The Sherwin Williams Co. - Key offerings
• Exhibit 138: The Sherwin Williams Co. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 139: Inclusions checklist
• Exhibit 140: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 141: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 142: Research methodology
• Exhibit 143: Validation techniques employed for market sizing
• Exhibit 144: Information sources

• 11.5 List of abbreviations 
• Exhibit 145: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio