Levulinic Acid Market Analysis And Segment Forecasts To 2020

Published: Mar, 2014 | Pages: 75 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

Global Levulinic Acid Market Expected to Reach 3,820 Tons by 2020
March 2014
Global levulinic acid market demand is expected to reach 3,820 tons by 2020. Increasing application scope for levulinic acid, particularly in pharmaceuticals, pesticides, cosmetics and solvents is expected to spur demand growth over the next six years. High R&D spending, particularly to reduce costs to competitive levels is a critical dynamic for market participants, as substitution for synthetic products in potential applications such as fuel additives, polymers, bio-actives can only be achieved at low levulinic acid prices. As of 2013, levulinic acid has emerged as a niche platform chemical in application markets including Methyltetrahydrofuran (MTHF), DALA, ethyl levulinate and Diphenolic Acid, with potential addressable demand estimated to be over 25,000 kilo tons by 2020.

Key industry participants such as DuPont, Segetis and Biofine have already developed patented technologies for levulinic acid commercialization through renewable sources. These companies are presently scouting for potential partners to share risk and cost, while working on reducing product costs. Current levulinic acid costs between USD 5 to 8 per kilo, with a target price of less than USD 1 per kilo, it is expected that the reduced price will open a host of opportunities including energy, transportation, green chemicals and specialty polymers.

Further key findings from the study suggest:

Global levulinic acid consumption was estimated at 2,606.2 tons in 2013 and is expected to reach 3,820 tons by 2020, growing at a CAGR of 5.7% from 2014 to 2020. Market revenue is expected to reach USD 19.65 million by 2020, growing at a CAGR of 4.8% from 2014 to 2020.
Pharmaceuticals and agriculture applications dominate levulinic acid demand, and accounted for 66% of global volumes in 2013. Agricultural applications include Organic potassium fertililizer DALA, 2--Methylindole-3-acetic acid.
North America was the largest consumer of levulinic acid in 2013, accounting for over 41% of the global demand. Regional levulinic acid demand in North America is expected to reach 1,598.3 tons by 2020, growing at a CAGR of 5.6% from 2014 to 2020. The presence of large application industries in the region is the primary reason for high growth and rapid consumption.
Key companies in the levulinic acid space include DuPont, Segetis and Biofine. These companies presently have technology ready and are in various stages of commercialization and application development. The global market is also characterized by the presence of an unorganized market in China, with key suppliers being Jiangsu Yancheng China Flavor Chemicals Co, Hebei Langfang Triple Well Chemicals Co.Ltd, and Shijiazhuang Pharmaceutical Group Ouyi Pharmaceutical Co Ltd. among others.
For the purpose of this study, Grand View Research has segmented the global levulinic acid market on the basis of application and region:

Levulinic Acid Application Outlook,
Pharmaceuticals
Agriculture (Organic potassium fertililizer DALA, 2--Methylindole-3-acetic acid)
Food Additives
Cosmetics
Levulinic Acid Regional Outlook,
North America
Europe
Asia Pacific
Rest of the World
Bio-based Levulinic Acid Potential Downstream Platform Outlook,
Methyltetrahydrofuran (MTHF)
Delta aminolevulinic acid (DALA)
Diphenolic Acid
Others

 Table of Contents
Chapter 1 Executive Summary                                                         

                1.1 Levulinic Acid - Industry Summary & Critical Success Factors (CSFs)

Chapter 2 Levulinic Acid Industry Outlook                                                    

                2.1 Market Segmentation                                          

                2.2 Market Size and Growth Prospects                                            

                2.3 Market Dynamics

                    2.3.1 Market driver analysis

                    2.3.2 Market restraint analysis                                               

                2.4 Key Opportunities Prioritized                                           

                2.5 Industry Analysis - Porter's

                2.6 Company Market Share Analysis                                               

                2.7 PESTEL Analysis                                    

Chapter 3 Levulinic Acid Application Outlook                                                           

                3.1 Pharmaceuticals                                      

                3.2 Agriculture (Organic potassium fertililizer DALA, 2--Methylindole-3-acetic acid)                       

                3.3 Food Additive                                           

                3.4 Cosmetics                                    

Chapter 4 Levulinic Acid Regional Outlook                                                   

                4.1 North America                                         

                4.2 Europe                                         

                4.3 Asia Pacific                                              

                4.4 RoW

Chapter 5  Levulinic Acid Competitive Landscape

                5.1 Segetis

                    5.1.1 Company Overview

                    5.1.2 Financial Performance

                    5.1.3 Product Benchmarking

                    5.1.4 Strategic Initiatives

                5.2 Biofine Technology LLC

                    5.2.1 Company Overview

                    5.2.2 Financial Performance

                    5.2.3 Product Benchmarking

                    5.2.4 Strategic Initiatives

                5.3 DuPont

                    5.3.1 Company Overview

                    5.3.2 Financial Performance

                    5.3.3 Product Benchmarking

                    5.3.4 Strategic Initiatives

                5.4 Hebei Langfang Triple Well Chemicals Co., Ltd

                    5.4.1 Company Overview

                    5.4.2 Financial Performance

                    5.4.3 Product Benchmarking

                    5.4.4 Strategic Initiatives

                5.5 Hebei Shijiazhuang Worldwide Furfural & Furfuryl Alcohol Furan Resin Co., Ltd.

                    5.5.1 Company Overview

                    5.5.2 Financial Performance

                    5.5.3 Product Benchmarking

                5.6 Jiangsu Yancheng China Flavor Chemicals Co., Ltd

                    5.6.1 Company Overview

                    5.6.2 Financial Performance

                    5.6.3 Product Benchmarking

                5.7 Shijiazhuang Pharmaceutical Group Ouyi Pharmaceutical Co., Ltd

                    5.7.1 Company Overview

                    5.7.2 Financial Performance

                    5.7.3 Product Benchmarking   

                5.8 Shanghai Apple Flavor & Fragrance Co., Ltd

                    5.8.1 Company Overview

                    5.8.2 Financial Performance

                    5.8.3 Product Benchmarking                                   

Chapter 6 Methodology and Scope                                                   

                6.1 Research Methodology                                       

                6.2 Research Scope & Assumptions                                     

                6.3 List of Data Sources                                            


List of Tables


Global Levulinic Acid market volume and revenue, 2012 - 2020
Global Levulinic Acid market volume by region, (Tons), 2012 - 2020
Global Levulinic Acid market revenue by region, (USD million), 2012 - 2020
Global Levulinic Acid market volume by application, (Tons), 2012 - 2020
Global Levulinic Acid market revenue by application, (USD million), 2012 - 2020
Global Levulinic Acid demand in pharmaceuticals, 2012 - 2020 (Tons)
Global Levulinic Acid demand in pharmaceuticals, 2012 - 2020 (USD million)
Global Levulinic Acid demand in agriculture, 2012 - 2020 (Tons)
Global Levulinic Acid demand in agriculture, 2012 - 2020 (USD million)
Global Levulinic Acid demand in food additives, 2012 - 2020 (Tons)
Global Levulinic Acid demand in food additives, 2012 - 2020 (USD million)
Global Levulinic Acid demand in cosmetics, 2012 - 2020 (Tons)
Global Levulinic Acid demand in cosmetics, 2012 - 2020 (USD million)
North America Levulinic Acid market volume by application, (Tons), 2012 - 2020
North America Levulinic Acid market revenue by application, (USD million), 2012 - 2020
Europe Levulinic Acid market volume by application, (Tons), 2012 - 2020
Europe Levulinic Acid market revenue by application, (USD million), 2012 - 2020
Asia Pacific Levulinic Acid market volume by application, (Tons), 2012 - 2020
Asia Pacific Levulinic Acid market revenue by application, (USD million), 2012 - 2020
RoW Levulinic Acid Market volume by application, (Tons), 2012 - 2020
RoW Levulinic Acid Market revenue by application, (USD million), 2012 - 2020

List of Figures

Levulinic Acid industry summary & critical success factors (CSFs)
Levulinic Acid market segmentation
Global Levulinic Acid market (volume & revenue), 2012 - 2020
Global Levulinic Acid market volumes growth by region, (Tons), 2012 - 2020
Global Levulinic Acid market volumes growth by application, (Tons), 2012 - 2020
Levulinic Acid market dynamics
Levulinic Acid company market share analysis, 2012
Key opportunities prioritized
Industry analysis - Porter's
Levulinic Acid PESTEL analysis, 2012
Levulinic Acid market volume share by application, 2012 & 2020
Global Levulinic Acid demand in pharmaceuticals, (volume & revenue), 2012-2020
Global Levulinic Acid demand in agriculture, (volume & revenue), 2012-2020
Global Levulinic Acid demand in food additives, (volume & revenue), 2012-2020
Global Levulinic Acid demand in cosmetics, (volume & revenue), 2012-2020
Levulinic Acid market volume share by region, 2012 & 2020
North America Levulinic Acid market volume by application, (Tons), 2012
North America Levulinic Acid market revenue by application, (USD million), 2012
Europe Levulinic Acid market volume by application, (Tons), 2012
Europe Levulinic Acid market revenue by application, (USD million), 2012
Asia Pacific Levulinic Acid market volume by application, (Tons), 2012
Asia Pacific Levulinic Acid market revenue by application, (USD million), 2012
RoW Levulinic Acid Market volume by application, (Tons), 2012
RoW Levulinic Acid Market revenue by application, (USD million), 2012
Global Levulinic Acid Market - competitive landscape
Research methodology
List of data sources
Research scope & assumptions
Disclaimer