Ethyl Levulinate Market Analysis, Size, Growth, Share & Forecast to 2022 | Grand View Research Inc.
“Ethyl Levulinate Market Size Worth $11.8 Million By 2022 | CAGR: 3.6%”
The global ethyl levulinate market size is expected to reach USD 11.8 million by 2022, according to a new report by Grand View Research, Inc. The global industry is in its nascent stage and is characterized by few industry participants. Presence of very few manufacturers gives a competitive edge over new entrants. Industry participants as well as governments have been extensively investing in R&D to develop novel applications as well as cheaper raw materials. Potential applications such as bio-diesel additive are expected to positively impact the market. Current technological advancements show that ethyl levulinate can also be formed directly from furfuryl alcohol derived from biomass using eco-friendly solid catalysts. In addition, the technological initiatives are being taken to use this compound as a 100% biodegradable neat fuel in the near future. Such niche applications are anticipated to benefit the market over the forecast period. The increase in body spray and perfumes demand among the young age group on account of increasing personal grooming awareness across the globe and the rising significance of individual style statement which is driving the perfume industry growth.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/ethyl-levulinate-market The impact of COVID-19 pandemic is likely to influence the demand of ethyl levulinate market on account of lockdown in the many countries, decrease in the demand for lifestyle products during the pandemic outbreak and expected to surge its demand in the forecast period.
Further key findings from the report suggest: Global ethyl levulinate market demand was 32.4 tons in 2014 and is expected to reach 49.1 tons by 2022, growing at a CAGR of 5.3% from 2015 to 2022
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Fragrances market is expected to witness the fastest growth at an estimated CAGR of 5.7% over the forecast period. This growth can be attributed towards rapid development of personal ca re industry particularly in emerging economies of Asia Pacific and Latin America. Recent advances by pharmaceutical industries that use fragrances to reduce stress and depression among people is also expected to assist the market over the forecast period.
Asia Pacific emerged as the leading regional market and accounted for over 30% of the total market in 2014.Countries such as India and China are anticipated to lead their regional market over the next seven years. Rising urbanization along with dynamic lifestyle among consumers in the region is expected to create ample opportunities for ethyl levulinate.
Major ethyl levulinate market participants include Sigma Aldrich, Alfa Aesar, Oakwood Products., Inc, Indukern F&F Ingredients Division, Tokyo Chemical Industry Co., Ltd, Axxence Aromatic and Ventos. The market is oligopolistic in nature and there is a high threat for new entrants to enter the market over the forecast period. Potential applications such as diesel miscible bio-fuel are expected to positively affect the market.
Grand View Research has segmented the global linear alkyl benzene market on the basis of application, and region: Linear Alkyl Benzene Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020) Linear Alkylbenzene Sulphonate (LAS)
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Heavy-duty laundry liquids
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Laundry powders
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Light-duty dish-washing liquids
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Industrial cleaners
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Household cleaners
Others
Linear Alkyl Benzene Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020) North America
Europe
Asia Pacific
RoW
Table of Contents Chapter 1 Executive Summary 1.1 Linear alkyl benzene (LAB) - Industry Summary & Critical Success Factors (CSFs) Chapter 2 Linear alkyl benzene Industry Outlook 2.1 Market Segmentation
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2.2 Market Size and Growth Prospects 2.3 LAB Value Chain Analysis 2.4 LAB Market Dynamics 2.4.1 Market driver analysis 2.4.1.1 Increasing demand for cleaners 2.4.1.2 Growing constriction industry 2.4.1.3 Regulatory policies 2.4.2 Market restraint analysis 2.4.2.1 Fluctuating prices of raw material 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's 2.7 LAB- Company Market Share Analysis 2.8 LAB- PESTEL Analysis Chapter 3 LAB Application Outlook 3.1 Heavy-duty laundry liquid 3.1.1. LAB demand from heavy-duty laundry liquid application, 2012 - 2020 (Kilo tons) (USD million) 3.2 Laundry Powder 3.2.1 Global LAB demand from laundry powder application, 2012 - 2020 (Kilo tons) (USD million) 3.3 Light-duty Dish-washing Liquid 3.3.1 LAB demand from Light-duty Dish-washing Liquid application, 2012 - 2020 (Kilo tons) (USD million) 3.4 Industrial Cleaner Continue………….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and factbased research across a range of industries including technology, chemicals, materials, healthcare and energy.
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