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Levulinic Acid market, Development, Growth and Demand Forecast to 2023

Levulinic acid has been majorly adopted by agricultural industry with key applications in fertilizers and pesticides. The strong demand arising from the agricultural industry is one of the major drivers in the global levulinic acid market.

Levulinic acid has been majorly adopted by agricultural industry with key applications in fertilizers and pesticides. The strong demand arising from the agricultural industry is one of the major drivers in the global levulinic acid market. Request sample copy of report here : https://www.psmarketresearch.com/marketanalysis/levulinic-acid-market/report-sample In recent years, the chemical industry has witnessed a need of sustainability and the producers have been working towards developing products from bio-based sources by exploring chemistry and biotechnology. Levulinic acid is an organic compound, also called 4-oxopentanoic acid and is derived from bio-based sources such as biomass, bagasse, brewery waste and manure. Levulinic acid has a range of applications in agriculture, pharmaceuticals, food industry and cosmetics and slight usage in synthetic rubbers, plastics and nylon. Levulinic acid is also used as raw material for the manufacturing of polyols and plasticizers. Levulinic acid manufacturers are spending highly on research and development to reduce cost of Levulinic acid to achieve substitution of synthetic products with Levulinic acid in potential applications like polymers and fuel additives. Levulinic acid major downstream potential applications include diphenolic acid (DPA), ethyl levulinate, delta aminolevulinic acid (DALA), methyltetrahydrofuran (MTHF) and others. Access Report Summary with Detailed TOC at : https://www.psmarketresearch.com/market-analysis/levulinic-acid-market Key market participants for levulinic acid include Langfang Triple Well Chemicals Co., Ltd., DuPont, Biofine , Shanghai Apple Flavor & Fragrance Co., Ltd., Segetis Inc, CSPC Huasheng Pharmaceutical Co., Ltd, CSPC Ouyi Pharmaceutical Co., Ltd. and Jiangsu Yancheng China Flavor Chemicals Co., Ltd among others. About P&S Market Research P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research-based consulting services across different industry/business verticals. As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity and framing informed and customized business expansion strategies in different regions.

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