Global Levulinic Acid Market is Expected to Reach
As of 2013, leveling acid was a small segment of the platform chemicals market but with placement of applications such as Interdenominational (MATH), DALAI, ethyl levitate and Diophantine Acid, the potential demand is expected to be in excess of 25,000 kilo tons over the next six years. Various companies such as DuPont, Sestets and Biffing have developed patented process for the manufacturing of leveling acid through bio-based routes. This Is expected to open up opportunities for the market which till date were constrained due to the Limited availability of raw material feedstock.
In addition, the companies also claim to have developed processes which would reduce the price of leveling acid from its current range of USED 5 to 8 per kilo to less than USED 1 per kilo. This is expected to result in increased application scope for leveling acid with the chemical being used in applications such as solvents, pesticides, fuels, fragrances and acrylic monomers among others. The report "Leveling Acid Market Analysis and Segment Forecasts to 2020," is available now to Grand View Research customers and can also be purchased directly at http://www. Irremediableness. Com/industry-analyses/leveling-acid-market Further Key findings from the study suggest: Delta malevolence acid (DALAI) was the largest application segment for the vulpine acid market, accounting for over 50% of the global consumption in 2013. The key reason was the growing demand for organic pesticides/herbicides such as DALAI which have in turn boosted the demand for leveling acid. This segment is also expected to witness the fastest growth over the forecast period growing at a CRAG of over 6% from 2014 to 2020.
Other major applications of leveling acid include pharmaceuticals, cosmetics and food coolants. However, the development of bio based leveling acid has opened avenues for utilization of leveling acid in the manufacturing of MATH, Steals, Diophantine Acid, Ethyl Levitate and Valediction among others. MATH, Ethyl levitate and valediction are potential befouls and the limited availability of fossil fuels Is expected to boost the demand for leveling acid..
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Salsa Pacific was the largest consumer of leveling acid In 2013, accounting for over 260 KIT of the global demand. The region is also expected to witness fastest presence of large application industries in the region is the primary reason for high growth and rapid consumption. Europe was the second largest consumer of vulpine acid in 2013 and accounted for over 30% of global consumption. The region has vast potential for development of leveling acid market due to the high demand of bio based fuels which can be potential downstream products of leveling acid.
DuPont, Sestets and Billion were the largest companies in the market and manufacture a variety of leveling acid derived products. Also, all the above mentioned companies have developed processes to produce leveling acid through bio routes. There are several smaller Chinese manufacturers in the market such as Huber Language Triple Well Chemicals Co. Ltd, Jungian Henchmen China Flavor Chemicals Co and Shanghaiing Pharmaceutical Group Iii Pharmaceutical Co Ltd. Among others.
For the purpose of this study, Grand View Research has segmented the global leveling acid market on the basis of application and region: Leveling Acid Application Outlook, Pharmaceuticals DALAI an Food Additives Cosmetics Leveling Acid Regional Outlook, North America Europe Asia Pacific Rest of the World Bio-based Leveling Acid Potential Downstream Platform Outlook, Interdenominational (MATH) Delta malevolencies acid (DALAI) Others About Grand View Research Grand View Research, Inc. Is a market research and consulting company that revised off-the-shelf, customized research reports and consulting services.
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Global Levulinic Acid Market is Expected to Reach. (2018, Aug 05). Retrieved from https://phdessay.com/global-levulinic-acid-market-is-expected-to-reach/
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