Levulinic Acid Market Key Player profile, Regional Outlook, Size, Share, Growth, Trends, Demand, and Industry Analysis by 2023
Market Overview Levulinic acid also classified as keto acid is an organic compound derived from the degradation of cellulose. It is generally produced from biomass, manure, and brewery waste and is a potential replacement for petroleum-based products. Levulinic acid is also produced ozone-based oxidation of ketones and by acidic hydrolysis furfuryl alcohol. Levulinic acid has a wide variety of applications such as pharmaceuticals, as a replacement of plasticizers, food additives, pesticides, and are also used in cigarettes for increasing nicotine content. The global Levulinic acid is segmented based on technology, application and region. Based on application, pharmaceuticals and agriculture is expected to grow at a highest CAGR during the forecast years. In pharmaceuticals, Levulinic acid is used as indomethacin and calcium levulinate, an anti-inflammatory medicine whereas agricultural applications include chemical fertilizers and pesticides. Get Sample Now @ https://www.ma...