DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/zwc8sd/global_levulinic) has announced the addition of the "Global Levulinic Acid Market 2015-2019" report to their offering.
The Global Levulinic Acid market to grow at a CAGR of 4.52% over the period 2014-2019
Levulinic acid (4-oxopentanoic acid) is a bio-based organic compound derived from raw materials such as biomass, manure, bagasse, and brewery waste. It has been identified as a sustainable product and a platform chemical used to manufacture various other chemicals, and also to replace synthetic alternatives.
Growth in the number of applications of levulinic acid is one of the major trends upcoming in this market. The key vendors in the market are expected to introduce innovative products that cater to new applications.
According to the report, strong demand from the agriculture industry is one of the major drivers of the market. The Agriculture industry is one of the major adaptors of levulinic acid, with key applications in pesticides and fertilizers.
Further, the report states that the threat of substitution from synthetic chemical alternatives is one of the key challenges that the market faces. Since the price of levulinic acid is higher than its synthetic counterparts, there is a strong preference for the latter by price-sensitive end-users.
The key end-users of levulinic acid are:
- Cosmetics industries
- Biofine Technology
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Global Levulinic Acid Market
- Market Segmentation by End-user
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/zwc8sd/global_levulinic