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Levulinic Acid Market Poised to Expand at a Robust Pace Over 2018-2026


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, th ....

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