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Global Ethyl Levulinate Market: By Type: Food Grade, Industrial Grade; By Application: Food Additives, Fragrances, Pharmaceutical Intermediates, Others; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Ethyl Levulinate Market Outlook

The global ethyl levulinate market is expected to moderately grow in the forecast period of 2020-2025 at a CAGR of 3% to reach USD 14 million by 2025. The rising R&D investments aimed at developing potential ethyl levulinate applications are expected to aid the growth of the industry.

 

Ethyl Levulinate Market

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Asia Pacific Ethyl Levulinate Market to be Driven by Rising Food Additives and Fragrance Demand

In the forecast period, the Asia Pacific region is expected to witness a significant growth in the ethyl levulinate industry. The robust food additives and fragrance demand are expected to support the market growth in the region, especially in emerging countries like India and China. Globally, emerging economies like China, Brazil, and India are expected to lead their local markets. Meanwhile, the robust growth of end-use industries like fragrances is expected to have a positive impact on the industry in the North American region. The regional market is estimated to play a critical role in shaping the rising research initiatives that are being undertaken by both government and industry players and, thus, North America is expected to be one of the most significant regional markets for ethyl levulinate.

 

Ethyl Levulinate: Industry Definition and Segmentation

Ethyl levulinate is an organic chemical compound derived from levulinic acid. It is an ester, which can also be produced via a reaction between ethanol and furfuryl alcohol. The chemical is also emerging as a viable option for biofuels as its precursors are widely derived from biomass.

The major types of the chemical available in the industry are food grade and industrial grade. It finds extensive applications in food additives, fragrances, and pharmaceutical intermediates, among others. The major regional markets of the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Ethyl Levulinate Market by Application

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Rising R&D Activities to Aid the Global Ethyl Levulinate Market Growth

The rising applications of ethyl levulinate in fragrances and flavours are driving the growth of the market. The application of the product in the flavours and fragrances industry is supported by factors such as the rise in the disposable incomes as well as changes in consumer behaviour, especially in emerging economies. In the coming years, the growing demand amongst manufacturers for bio-based solvents is expected to broaden the market reach. The global market is expected to benefit in the near future from a favourable regulatory environment and several R&D initiatives. While the higher costs of ethyl levulinate feedstock, such as levulinic acid, might hinder the market growth, the development of cheaper alternatives to the existing feedstock options might favourably influence the industry in the coming years. The industry is also expected to be supported by the rising technological advancements such as the production of ethyl levulinate from furfuryl alcohol that has been derived entirely from biomass, along with eco-friendly catalysts. Such advancements in the production method are expected to propel the use of the chemical as a biofuel in the forecast period.

 

Ethyl Levulinate Market byb Region

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Key Industry Players in the Global Ethyl Levulinate Market

The report gives a detailed analysis of the following key players in the global ethyl levulinate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Advanced Biotech Inc.
  • Axxence Aromatic GmbH
  • Berje Inc.
  • Indukern F&F Ingredients Division
  • Beijing LYS Chemicals Co., Ltd,
  • GFBiochemicals Ltd
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Ethyl Levulinate Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Ethyl Levulinate Historical Market (2015-2019) 
    8.3    Global Ethyl Levulinate Market Forecast (2020-2025)
    8.4    Global Ethyl Levulinate Market by Type
        8.4.1    Food Grade
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Industrial Grade
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
    8.5    Global Ethyl Levulinate Market by Application
        8.5.1    Food Additives
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Fragrances
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Pharmaceutical Intermediates
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Others
    8.6    Global Ethyl Levulinate Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
13    Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Company Profiles
        13.3.1    Advanced Biotech Inc.
            13.3.1.1    Company Overview
            13.3.1.2    Product Portfolio
            13.3.1.3    Demographic Reach and Achievements
            13.3.1.4    Certifications
        13.3.2    Axxence Aromatic GmbH
            13.3.2.1    Company Overview
            13.3.2.2    Product Portfolio
            13.3.2.3    Demographic Reach and Achievements
            13.3.2.4    Certifications
        13.3.3    Berje Inc.
            13.3.3.1    Company Overview
            13.3.3.2    Product Portfolio
            13.3.3.3    Demographic Reach and Achievements
            13.3.3.4    Certifications
        13.3.4    Indukern F&F Ingredients Division
            13.3.4.1    Company Overview
            13.3.4.2    Product Portfolio
            13.3.4.3    Demographic Reach and Achievements
            13.3.4.4    Certifications
        13.3.5    Beijing LYS Chemicals Co., Ltd,
            13.3.5.1    Company Overview
            13.3.5.2    Product Portfolio
            13.3.5.3    Demographic Reach and Achievements
            13.3.5.4    Certifications
        13.3.6    GFBiochemicals Ltd
            13.3.6.1    Company Overview
            13.3.6.2    Product Portfolio
            13.3.6.3    Demographic Reach and Achievements
            13.3.6.4    Certifications
        13.3.7    Others
14    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Figures and Tables

1.    Global Ethyl Levulinate Market: Key Industry Highlights, 2015 and 2025
2.    Global Ethyl Levulinate Historical Market: Breakup by Type (USD Million), 2015-2019
3.    Global Ethyl Levulinate Market Forecast: Breakup by Type (USD Million), 2020-2025
4.    Global Ethyl Levulinate Historical Market: Breakup by Application (USD Million), 2015-2019
5.    Global Ethyl Levulinate Market Forecast: Breakup by Application (USD Million), 2020-2025
6.    Global Ethyl Levulinate Historical Market: Breakup by Region (USD Million), 2015-2019
7.    Global Ethyl Levulinate Market Forecast: Breakup by Region (USD Million), 2020-2025
8.    North America Ethyl Levulinate Historical Market: Breakup by Country (USD Million), 2015-2019
9.    North America Ethyl Levulinate Market Forecast: Breakup by Country (USD Million), 2020-2025
10.    Europe Ethyl Levulinate Historical Market: Breakup by Country (USD Million), 2015-2019
11.    Europe Ethyl Levulinate Market Forecast: Breakup by Country (USD Million), 2020-2025
12.    Asia Pacific Ethyl Levulinate Historical Market: Breakup by Country (USD Million), 2015-2019
13.    Asia Pacific Ethyl Levulinate Market Forecast: Breakup by Country (USD Million), 2020-2025
14.    Latin America Ethyl Levulinate Historical Market: Breakup by Country (USD Million), 2015-2019
15.    Latin America Ethyl Levulinate Market Forecast: Breakup by Country (USD Million), 2020-2025
16.    Middle East and Africa Ethyl Levulinate Historical Market: Breakup by Country (USD Million), 2015-2019
17.    Middle East and Africa Ethyl Levulinate Market Forecast: Breakup by Country (USD Million), 2020-2025
18.    North America Historical Price Trends and Forecast 2015-2025
19.    Europe Historical Price Trends and Forecast 2015-2025
20.    Asia Pacific Historical Price Trends and Forecast 2015-2025
21.    Latin America Historical Price Trends and Forecast 2015-2025
22.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
23.    Global Ethyl Levulinate Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 3% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 14 million by 2025.

The major drivers of the industry, such as rising disposable incomes, growing food additives industry, rising demand from fragrances, increasing demand for bio-based solvents, and rising R&D activities, are expected to aid the market growth.

The key trends guiding the growth of the market include the rising research into formulating eco-friendly production methods and the growing use of the chemical as a biofuel.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading types of the chemical in the industry are food grade and industrial grade.

The dominant application segments in the industry are food additives, fragrances, and pharmaceutical intermediates, among others.

The major players in the industry are Advanced Biotech Inc., Axxence Aromatic GmbH, Berje Inc., Indukern F&F Ingredients Division, Beijing LYS Chemicals Co., Ltd, and GFBiochemicals Ltd, among others.

Analyst Review

The global ethyl levulinate market attained a value of USD 14.3 billion in 2019, driven by the rising demand from the food additives and fragrances sectors. Aided by the rising innovations in the production methods, the market is expected to witness a moderate growth in the forecast period of 2020-2025, growing at a CAGR of 3%. The ethyl levulinate market is projected to reach USD 14 million by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the market can be bifurcated into food grade and industrial grade.  On the basis of applications, the industry is segmented into food additives, fragrances, and pharmaceutical intermediates, among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Advanced Biotech Inc., Axxence Aromatic GmbH, Berje Inc., Indukern F&F Ingredients Division, Beijing LYS Chemicals Co., Ltd, and GFBiochemicals Ltd, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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