According to a new market report by Lucintel, the future of the levulinic acid market looks promising with opportunities in plasticizer, agriculture, food additive, and pharmaceutical & cosmetic applications. The levulinic acid market is expected to grow with a CAGR of 6% from 2019 to 2024. The major growth drivers for this market are increasing demand for levulinic acid in the plasticizer and pharmaceutical & cosmetic industries.
Within the levulinic acid market, plasticizers, agriculture, food additives, and pharmaceuticals & cosmetics are the major applications. Agriculture and pharmaceutical are the largest application segments for levulinic acid.
North America will remain the largest market over the forecast period due to growing demand for biofuel and favorable government regulations in the region.
Biofine International Inc., Avantium Inc., GF Biochemicals Ltd., Langfang Triple Well Chemicals Co Ltd , Simagchem Corporation ,Hefei TNJ Chemical Industry Co Ltd., and Great Chemicals Co Ltd. are among the major manufacturers of levulinic acid.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the levulinic acid market by application and region. Lucintel has prepared a comprehensive research report entitled "Levulinic Acid Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the levulinic acid market by application and region as follows:
By Application [$M shipment analysis for 2013 – 2024]:
• Plasticizers
• Pharmaceuticals & Cosmetics
• Agriculture
• Food additives
• Others
By Region [$M shipment analysis for 2013 – 2024]:
• North America
− The US
− Canada
− Mexico
• Europe
− Germany
− Spain
− France
− The United Kingdom
− Russia
• Asia Pacific
− China
− Japan
− India
− South Korea
− Thailand
• Rest of the World

More than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the levulinic acid market by application (plasticizers, pharmaceuticals & cosmetics, agriculture, food additives, and others) and region (North America, Europe, Asia-Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the levulinic acid market?
Q.5 What are the business risks and threats to the levulinic acid market?
Q.6 What are emerging trends in the levulinic acid market and the reasons behind them?
Q.7 What are some changing demands of customers in the levulinic acid market?
Q.8 What are the new developments in the levulinic acid market? Which companies are leading these developments?
Q.9 Who are the major players in the levulinic acid market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in the levulinic acid market?