Levulinic Acid Market - Growth, Trends, and Forecast (2020

The global market for Levulinic Acid is expected to grow at a CAGR of over 4%. Major factors driving the market studied are the increasing demand for substitutes for fertilisers.

Delta-amino Levulinic acid (DALA) is a naturally occurring chemical with a large variety of functions.
These products are easy to pour and spray, have low odor, are compatible with HDPE and their use does not require special equipment or procedures.

Key Market Trends

Increasing demand for substitutes to Fertilisers

Levulinic Acids naturally occurring form is Delta-amino Levulinic acid (DALA) and it finds usage as herbicide in lawns and is useful for grain crops. It is also used as a plant growth stimulator.
The global supply of fertilisers according to Food and Agriculture Organization of UN was about 270 million tons in 2018 and is expected to grow even higher. Therefore, it is anticipated that LA market would grow as bio-based fertilisers continue to be in demand.
Thus, based on increasing crop production and increasing need for substitute to harmful traditional fertilisers, it is anticipated that levulinic acid market would grow as a substitute to the traditional herbicide and pesticides.

Asia Pacific to dominate the Market

Asia-Pacific is the largest market for levulinic acid. It is also expected to be the fastest growing market during the forecast period.
Asia Pacific region consumes about 30% of the fertiliser market share.
Countries like China and India are the largest consumers of fertilisers, especially because of their ever-increasing population and limited agricultural land. Hence, need for fertilisers is high in these countries.
New governmental policies favoring the use for bio-based agrochemicals is a factor that is driving the market.
Thus, the rising demand from agriculture industry is expected to drive the market in the region, during the forecast period.

Competitive Landscape

The global levulinic market is consolidated with a few companies controlling the majority share in the market. The major companies in this market includes GFBiochemicals Ltd., Alfa Aesar - Thermo Fisher Scientific, Tokyo Chemical Industry Co., Ltd., Ascender Chemical Co., Ltd., Aromalake Chemical Co., Ltd., and Boerchem Pharmtech Co., Ltd. among others.

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1 INTRODUCTION

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers
4.1.1 Increasing Demands for Substitute to Traditional Fertilizers
4.2 Restraints
4.2.1 Fluctuating Raw Material Prices
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5 MARKET SEGMENTATION

5.1 Applications
5.1.1 Personal Care
5.1.2 Flavors & Fragrances
5.1.3 Resins & Coatings
5.1.4 Pharmaceuticals
5.1.5 Agrochemicals
5.1.6 Polymers & Plasticizers
5.1.7 Solvents for Industrial & Institutional cleaning chemicals
5.1.8 Others
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 India
5.2.1.3 Japan
5.2.1.4 South Korea
5.2.1.5 ASEAN Countries
5.2.1.6 Rest of Asia-Pacific
5.2.2 North America
5.2.2.1 United States
5.2.2.2 Canada
5.2.2.3 Mexico
5.2.3 Europe
5.2.3.1 Germany
5.2.3.2 United Kingdom
5.2.3.3 France
5.2.3.4 Italy
5.2.3.5 Nordic Countries
5.2.3.6 Rest of Europe
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle East & Africa
5.2.5.1 Saudi Arabia
5.2.5.2 South Africa
5.2.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/ Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Merck KGaA
6.4.2 GFBiochemicals Ltd.
6.4.3 Bio-On S.p.A.
6.4.4 GC Innovation America
6.4.5 Alfa Aesar, Thermo Fisher Scientific
6.4.6 Aromalake Chemical Co., Ltd.
6.4.7 Boerchem Pharmtech Co., Ltd.
6.4.8 Tokyo Chemical Industry Co., Ltd.
6.4.9 Ascender Chemical Co.,Ltd.
6.4.10 AK Scientific Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Potential precursor to Biofuels