Reports and Data has recently published a novel report on global Levulinic Acid for Agriculture Market to offer a comprehensive analysis of the Levulinic Acid industry and users, investors and readers to understand current and emerging market trends to make investment plans accordingly. The report offers a details about market size, market share, revenue growth, drivers, restraints, growth opportunities and market limitations. The report is curated using advanced analysis tools like Porter’s five force and SWOT analysis. The report also sheds light on changes in the market dynamics during the COVID-19 outbreak.
The Levulinic Acid for Agriculture Market is projected to grow at a rate of 9.3% in terms of value, from USD 29.9 Million in 2019 to reach USD 61.2 Million by 2027. Levulinic acid is a very versatile chemical that finds usage in several end-use industries attributed to its application as food feed additive, fertilizer, fungicide, plasticizer, coating, and antifreeze, among others. Agriculture is the primary user of levulinic acid. The growing occurrence of plant and crop diseases are driving the growth of the market. Diseases are a significant source of crop and plant damage, which may be caused by several plant pathogenic organisms.
Some of the leading players in the global Levulinic Acid for Agriculture Market:
GF Biochemicals, Avantium NV, DuPont, Hebei Shijiazhuang Worldwide Furfural Furfuryl Alcohol Furan Resin Co. Ltd., Shijiazhuang Pharmaceutical Group Ouyi Pharmaceutical Co. Ltd., Biofine Technology LLC, Segetis, Shanghai Apple Flavor Fragrance Co. Ltd., Hebei Langfang Triple Well Chemicals Co. Ltd., Jiangsu Yancheng China Flavor Chemicals Co. Ltd., Sigmachem Corporation, and Anhui Herman Impex Co Ltd.
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Market Scenario:
The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Levulinic Acid for Agriculture Market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Levulinic Acid for Agriculture Market?
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Levulinic Acid for Agriculture Market Segmentation:
Technology Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Acid Hydrolysis
- Biofine
Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Online
- Offline
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Agriculture
- Pharmaceutical
- Food Additives
- Cosmetics
- Plasticizers
- Others
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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