Levulinic Acid Market was valued at USD 30.8 million in 2021 and is expected to grow at a CAGR of 9% between 2022 and 2028. Levulinic acid is present with five carbon molecules and carboxylic acid and ketone functions and these two functional groups provide an interesting reaction pathway to this complex. Levulinic acid and its salts(majorly sodium levulinate)are commonly used in beauty and personal care products because they are water-soluble and approved by the U.S. Food and Drug Administration. In addition, the rules governing cosmetics in the European Union do not limit the use of these ingredients. Levulinic acid is used in about 130 cosmetic formulations, and sodium levulinate is used in about 400 cosmetic formulations according to 2021VCRP survey data. While Levulinic acid dyes hair at about 4.5% of the highest concentration, sodium levulinate is used in sheepskin breath purifiers at a maximum concentration of 0.62%.
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Top Major Key Players Industries
GFBiochemicals Ltd
Alfa Aesar – Thermo Fisher Scientific
Merck KGaA
Tokyo Chemical Industry Co., Ltd.
End User
Cosmetics and Personal Care
Pharmaceuticals
Polymers and Plasticizers
Fuel and Fuel Additives
Flavors and Fragrances
Other End Users
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Scope of the Report
The research study analyzes the global Levulinic industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume
Key Questions Answered by Levulinic Market Report
What was the Levulinic Market size in 2018 and 2022; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of Levulinic Market during the forecast period (2022-2028)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer vendor or players in the Levulinic Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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