Global Levulinic Acid Market PDF
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<strong>Levulinic</strong> acid <strong>Market</strong> Research Report – <strong>Global</strong> Forecast to 2023<br />
<strong>Market</strong> Overview / Study Objective / Synopsis<br />
<strong>Levulinic</strong> acid also known as Keto acid is an organic compound obtained from the<br />
degradation of cellulose. It is extensively produced from manure, biomass, and<br />
brewery waste, and is regarded as an efficient replacement for petroleum-based<br />
products. <strong>Levulinic</strong> acid can also be produced by the oxidation of ketones and by acidic<br />
hydrolysis of furfuryl alcohol.<br />
The growing research and development activities in the chemical industry have<br />
resulted in the development of bio-based levulinic acid, which is anticipated to be the<br />
major opportunity in the market. <strong>Levulinic</strong> acid has a wide range of applications in<br />
end-user industries such as pharmaceuticals, cosmetics & personal care, agriculture,<br />
food, and beverages. The growing replacement of phthalate plasticizers by levulinic<br />
acid in the production of polyvinyl chloride (PVC) is the major factor driving the global<br />
market.<br />
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