Levulinic Acid Market Key Players:
Some of the prominent players operating in the global levulinic acid market 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), DuPont (U.S.), and CSPC Pharmaceutical Group (China).
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Levulinic Acid Market 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.
Levulinic Acid Market Overview:
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.
Levulinic Acid Market Table of Content to be Continue…….,
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