Levulinic Acid Market - Global Industry Analysis, Size, Share, 2023.

Levulinic Acid Market - Global Industry Analysis, Size, Share, 2023.

  • Submitted By: MOHITTMR
  • Date Submitted: 09/04/2015 12:47 AM
  • Category: Business
  • Words: 995
  • Page: 4

Levulinic acid, also known as 4-oxopentanoic acid, is an organic compound derived from bio-based raw materials such as manure, bagasse, biomass, and brewery waste. It is a crystalline solid, white in color, and is soluble in ethanol, water, and diethyl ether. Levulinic acid can be produced using several processes. The most common process used is dehydration treatment of biomass with acid. Some other methods include acidic hydrolysis of furfuryl alcohol, oxidation of ketones with ozone, and hydrolysis of acetyl succinate esters. Agriculture, food additives, pharmaceutical, and cosmetics are key end-user industries of levulinic acid. It is also used in a limited manner in other industries such as plastics (as an additive), synthetic rubbers, and nylon. Levulinic acid is used in fertilizers and pesticides in the agriculture industry. Subsequently, it is also used in the manufacture of polyols and plasticizers as raw material.

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The agriculture industry is expected to primarily boost the global levulinic acid market due to strong demand from the fertilizers and pesticides market. Currently, pharmaceuticals and agriculture applications account for almost two-third of the globallevulinic acid market. Agricultural applications of levulinic acid include pesticides and chemical fertilizers. Keypotential downstream applications of levulinic acid include delta-aminolevulinic acid, diphenolic acid, ethyl levulinate, and methyltetrahydrofuran. The chemical industry has been working toward developing bio-based products in the past few years to maintain sustainability by exploring new avenues across chemistry and biotechnology. Levulinic acid is accepted as the building block in the manufacture of specialty chemicals that substitute their synthetic alternatives. Manufacturers are highly investing in research and development of levulinic acid to reduce cost and achieve...

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