Over the past several years, China has easily become one of the most dynamic countries in the world for biobased products. China along with India are the top two countries in the bio-plastics industry. Increasing investment pertaining to bio-based products in China is one of the major reason for the growth of Levulinic acid in this region. Moreover, owing to favorable policies for bio-based materials from the national and local governments, China has become the core cluster region for the bio-based material industry in the world. As the world is moving constantly from fossil to alternative renewable feedstocks, levulinic acid can be used as an extremely versatile building block for chemicals and materials derived directly from biomass.
According to the International Trade Administration (ITA), China is the second largest pharmaceutical market in the world, and is forecasted to grow from $108 billion in 2015 to $167 billion by 2020. Levulinic acid is extensively used in pharmaceutical industry for diagnosis and treatment of cancer. Moreover, this acid is also used in anti-inflammatory medication, anti-allergy agents, mineral supplements, transdermal patches and more. Hence, with highly growing pharmaceutical industry, levulinic acid is also anticipated to see surge in the Chinese market in the coming future.
However, there are some restraints of this market -the synthetic alternatives of levulinic acid are replaced with the natural form and they are used in various applications such as pharmaceuticals, agriculture, personal care, packaging and more. Phthalate-based plasticizers, which make majority of the world’s plasticizer market is one of the major substitute of levulinic acid as an additive. Moreover, the quantity of levulinic acid produced in China as well as globally is comparatively less than its demand.
The China market for levulinic acid was estimated to be $xx bn in 2016. The market for the same is estimated to grow at a CAGR of xx% and is forecast to reach $xx bn by 2021. Pharmaceutical industry is forecast to have the highest growth of x% during the forecast period 2016-2021. The market is primarily driven by the rapid use of pharmaceuticals along with personal care as well as the growing income and expenditure capacity of people in developing economies.
China Levulinic acid market report provides a detailed description on the industry by application in China. The market is segmented by the applications wherein levulinic acid finds its use. It includes pharmaceuticals, agriculture, personal care, fuel additives and others. Also, the final category of the market gives a detailed analysis of the metal recycling industry in China. Market sizes and dynamics of various products are provided for China and key markets in this region.
Levulinic acid market in China has been dominated by the pharmaceutical industry followed by the personal care sector. Levulinic acid along with its derivatives are used in organic and natural cosmetic compositions for perfuming, skin conditioning and pH-regulating purposes. On a similar note, levulinic acid market in China is anticipated to experience a high growth in the forecast period 2017 to 2021 as skin care accounts for a major share in the personal care market in China.
This report is profiled with attributes like company overview, financials, products, growth strategy and recent developments in the business of levulinic acid, especially in China. The market is diversified and encompasses numerous domestic players;
Sample companies profiled in this report are:
Anhui Herman Impex Co Ltd (China)
Hefei TNJ Chemical Industry Co., Ltd. (China)
2. CHINA LEVULINIC ACID MARKET EXECUTIVE SUMMARY
3. METAL RECYCLING
4. MARKET LANDSCAPE
4.1. Market Share Analysis
4.2. Comparative Analysis
4.2.1. Product Benchmarking
4.2.2. End user Profiling
4.2.3. Top 5 Financials Analysis
4.2.4. End User Profiling
5. CHINA LEVULINIC ACID MARKET FORCES
5.1. Market Drivers
5.2. Market Constraints
5.3. Market Challenges
5.4. Attractiveness of the industry
5.4.1. Power of suppliers
5.4.2. Power of Customers
5.4.3. Threat of new entrants
5.4.4. Threat of substitution
5.4.5. Degree of competition
6. CHINA LEVULINIC ACID MARKET STRATEGIC ANALYSIS
6.1. Value Chain Analysis
6.2. Pricing Analysis
6.3. Opportunities Analysis
6.4. Product/ Market Life Cycle Analysis
6.5. Suppliers and Distributors
7. CHINA LEVULINIC ACID MARKET – BY APPLICATION
7.3. Food Additive
7.4. Personal Care
7.5. Resins & Coatings
7.6. Fuel Additives
8. CHINA LEVULINIC ACID MARKET - BY GEOGRAPHY
8.1. China - Country Analysis
9. CHINA LEVULINIC ACID MARKET ENTROPY
9.1. New Product Launches
9.2. M&A’s, Collaborations, JVs and Partnerships
10. CHINA LEVULINIC ACID MARKET COMPANY PROFILES
10.1. Sigma-Aldrich Corporation
10.2. Zibo Changlin Chemical Co., Ltd.
10.3. Shanghai Yijing Industrial Co., Ltd.
10.4. Suzhou Heng Xiang Import & Export Co., Ltd.
10.5. Tianjin Hanzhong International Co., Ltd.
10.6. Langfang Hawk Technology & Development Co., Ltd
10.7. Heroy Chemical Industry Co., Ltd
10.8. Shandong Zibo Shuangyu Chemical Co., Ltd
10.9. Hefei TNJ Chemical Industry Co., Ltd.
10.10.Zhuhaishi Shuangbojie Technology Co., Ltd.
*More than 10 Companies are profiled in this Research Report*
"*Financials would be provided on a best efforts basis for private companies"
11.3. Research Methodology
11.5. Compilation of Expert Insights