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Global Ethyl Levulinate Market Size, Share, Report: By Type: Food Grade, Industrial Grade; By Application: Food Additives, Fragrances, Pharmaceutical Intermediates, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Ethyl Levulinate Market Outlook
The global ethyl levulinate market is expected to moderately grow in the forecast period of 2024-2032 at a CAGR of 3% to reach USD 19.80 million by 2032. The rising R&D investments aimed at developing potential ethyl levulinate applications are expected to aid the growth of the industry.
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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.
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Ethyl Levulinate: Market 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.
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.
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Opportunities and Challenges in the Market
8 Global Ethyl Levulinate Market Analysis
8.1 Key Industry Highlights
8.2 Global Ethyl Levulinate Historical Market (2018-2023)
8.3 Global Ethyl Levulinate Market Forecast (2024-2032)
8.4 Global Ethyl Levulinate Market by Type
8.4.1 Food Grade
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Industrial Grade
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Ethyl Levulinate Market by Application
8.5.1 Food Additives
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Fragrances
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pharmaceutical Intermediates
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Ethyl Levulinate Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Ethyl Levulinate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Ethyl Levulinate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Ethyl Levulinate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Ethyl Levulinate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Ethyl Levulinate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Advanced Biotech Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Axxence Aromatic GmbH
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Berje Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Indukern F&F Ingredients Division
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Beijing LYS Chemicals Co., Ltd,
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ethyl Levulinate Market: Key Industry Highlights, 2018 and 2032
2. Global Ethyl Levulinate Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Ethyl Levulinate Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Ethyl Levulinate Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Ethyl Levulinate Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Ethyl Levulinate Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Ethyl Levulinate Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Ethyl Levulinate Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Ethyl Levulinate Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Ethyl Levulinate Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Ethyl Levulinate Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Ethyl Levulinate Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Ethyl Levulinate Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Ethyl Levulinate Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Ethyl Levulinate Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Ethyl Levulinate Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Ethyl Levulinate Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Ethyl Levulinate Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 19.80 million by 2032.
The major market drivers include rising disposable incomes, growing food additives sector, surging demand for ethyl levulinate in fragrances, increasing demand for bio-based solvents, and rising R&D activities aimed at increasing the applications of ethyl levulinate.
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 market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of the chemical in the market are food grade and industrial grade.
The major applications of ethyl levulinate include food additives, fragrances, and pharmaceutical intermediates, among others.
The major market players include Advanced Biotech Inc., Axxence Aromatic GmbH, Berje Inc., Indukern F&F Ingredients Division, and Beijing LYS Chemicals Co., Ltd, among others.
Analyst Review
The global ethyl levulinate market attained a value of USD 15.17 billion in 2023, 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 2024-2032, growing at a CAGR of 3%. The ethyl levulinate market is projected to reach USD 19.80 million by 2032.
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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