- Levulinic Acid is replacing phthalate plasticizers for the production of polyvinyl chloride (PVC) which is driving the demand in the market for the adoption of levulinic acid and is increasing
/PRNewswire/ Verified Market Research recently published a report, "Levulinic Acid Market" By Application (Pharmaceuticals, Agriculture, Food Additives, and.
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The publisher brings years of research experience to the 6th edition of this report. The 186-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Levulinic Acid Market to Reach $49.2 Million by 2027
Amid the COVID-19 crisis, the global market for Levulinic Acid estimated at US$21.3 Million in the year 2020, is projected to reach a revised size of US$49.2 Million by 2027, growing at a CAGR of 12.7% over the analysis period 2020-2027.
Agriculture, one of the segments analyzed in the report, is projected to record a 12.6% CAGR and reach US$15.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pharmaceuticals segment is readjusted to a revised 14.2% CAGR for the next 7-year period.