Levulinic Acid Market Poised to Expand at a Robust Pace Over 2018-2026 Report includes market status and forecast of global and major regions, with introduction of vendors, regions, product types and end industries; and this report counts product types and end industries in global and major regions. BriefingWire.com, 5/11/2021 - According to Stratistics MRC, the Global Levulinic Acid market accounted for $ 17.94 million in 2017 and is expected to reach $ 68.26 million by 2026 growing at a CAGR of 16.0% during the forecast period. Some of the key factors such as the extensive use of this acid for manufacturing of PVC which is a better alternative for phthalate plasticizers and growing use of the acid in niche applications including plastics, nylons and rubbers are driving the market growth. However, rising R&D expenditure which diminishes the production costs is the restraining factors for the market growth. Moreover, the growing research and development activities in the chemical industry have resulted in the development of this bio-based acid will provide ample opportunities for the growth of the market.