In the next few years, the global production of Levulinic Acid will reach 42580 MT in 2025 from 14950 MT in 2017, with CAGR 13.98%. And global revenue of Levulinic Acid will reach 330.99 million USD in 2025 from 127.99 million USD in 2017, with CAGR 12.61%.
The global average price of Levulinic Acid is in the decreasing trend, from 9.12 USD/Kg in 2013 to 8.56 USD/Kg in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.
Asia Pacific is the largest producer of Levulinic Acid, with a production market share nearly 61.21% in 2017. North America is the second largest producer of Levulinic Acid, enjoying production market share nearly 26.37% in 2017.
In the future, the production and consumption is estimated to continue developing with a stable growth rate. To meet the large and increasing demand, more and more manufacturers will go into this industry.
Although production of Levulinic Acid brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not enter into the Levulinic Acid field abruptly.