August 18 2020
Ethyl Levulinate Market Ethyl levulinate market will grow at a rate of 3.67% for the forecast period of 2020 to 2027. Increasing R&D investment to enhance the application of ethyl levulinate will accelerate the market growth.
Ethyl levulinate is extracted from keto acid levulinic acid and from the reaction between the thanol and furfuryl alcohol. They also formed from the esterification of the levulinic acid with ethanol. They are widely used in applications such as food additives, pharmaceutical intermediates and fragrances.
Growing demand for bio-based solvents among manufacturers is expected to enhance the market growth. Some of the other factors such as favourable regulatory frameworks, increasing usage of ethyl levulinate in fragrances & food flavors, increasing demand for food additives, rising popularity of cakes & snacks and increasing research for the production of cheap raw material are some of the factors which will drive the ethyl levulinate market in the forecast period of 2020 to 2027.
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Scope of the Ethyl Levulinate Market
Global Ethyl Levulinate Market By Type (Food Grade, Industrial Grade), Application (Food Additives, Fragrances, Pharmaceutical Intermediates, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
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Some of the leading key players profiled in this study:
The major players covered in the ethyl levulinate market report are Oakwood Products, Inc., Tokyo Chemical Industry Co., Ltd., Alfa Aesar, Thermo Fisher Scientific, Merck KGaA, Vigon International, Inc., Ernesto Ventós, S.A., M&U International., Lluch Essence S L, Fleurchem Inc, BERJÉ INC., Beijing LYS Chemicals Co., Ltd., GFBiochemicals Ltd., Heroy Chemical Industry Co., Ltd among other domestic and global players. Market share and data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Key Pointers Covered in the Ethyl Levulinate Market Trends and Forecast to 2027
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