Levulinic acid (CAS No 123-76-2), or 4-oxopentanoic acid, is an organic compound with the formula CH3C(O)CH2CH2CO2H. It is classified as a keto acid. This white crystalline solid is soluble in water and polar organic solvents. It is derived from degradation of cellulose and is a potential precursor to biofuels.
The global average price of Levulinic Acid is in the decreasing trend, from 9.12 USD/Kg in 2013 to 8.56 USD/Kg in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years. Asia Pacific is the largest producer of Levulinic Acid, with a production market share nearly 61.21% in 2017. North America is the second largest producer of Levulinic Acid, enjoying production market share nearly 26.37% in 2017.

Market Analysis and Insights: Global Levulinic Acid Market
The global Levulinic Acid market was valued at US$ 209.8 in 2020 and will reach US$ 427.5 million by the end of 2027, growing at a CAGR of 12.6% during 2022-2027.

Global Levulinic Acid Scope and Market Size
The global Levulinic Acid market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Levulinic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
Industrial Grade Levulinic Acid
Pharma Grade Levulinic Acid
Others Grade Levulinic Acid

Segment by Application
Pharmaceuticals
Cosmetics & Personal Care
Plasticizers
Food and Flavors
Agrochemicals
Biofuels
Others

The Levulinic Acid market is analysed and market size information is provided by regions (countries). Segment by Application, the Levulinic Acid market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
GFBiochemicals
Zibo Changlin Chemical
Hebei Yanuo
Heroy Chemical Industry
Langfang Triple Well Chemicals
Hefei TNJ Chemical
Guannan East Chemical
Zibo Shuangyu
LangFang Hawk