Levulinic acid is an organic compound that is obtained from cellulose degradation. It is also called Keto acid and is produced from brewery waste, manure, and biomass waste. Levulinic acid is considered a petroleum-based product replacement. Also, levulinic acid is being produced by furfuryl alcohol acidic hydrolysis and by the oxidation of ketones. The development of bio-based levulinic acid is increasing with the increasing research and development activities in various chemical industries. Levulinic acid and their salts are water-soluble and commonly used in beauty and personal care products, as approved by the U.S. Food and Drug Administration (FDA).
Frequently Asked Questions
The market is segmented based on Segmentation, By Technology (Biofine, Acid Hydrolysis), End user (Agriculture, Food, Beverages, Pharmaceuticals, Cosmetics and Personal Care), Application (Food Additives, Pharmaceuticals, Agricultural Products, Personal Care Products, Plasticizers, Fuel Additives) – Industry Trends and Forecast to 2032
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The Global Levulinic Acid Market size was valued at USD 41.04 USD Million in 2024.
The Global Levulinic Acid Market is projected to grow at a CAGR of 14.17% during the forecast period of 2025 to 2032.
The major players operating in the market include G.F. Biochemicals Ltd, Langfang Triple Well Chemicals Co. Ltd, Biofine International , Avantium, Simagchem Corporation, Hefei TNJ Chemical Industry Co. Ltd, CSPC Pharmaceutical Group, Great Chemicals Co. Ltd, Anhui Herman Impex Co Ltd, DuPont, The Valspar Corporation, KCC Corporation, SherwinWilliams, AkzoNobel, Jotun A/S.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..
