The global levulinic acid market size reached USD 29.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 42.6 Billion by 2033, exhibiting a growth rate (CAGR) of 3.9% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 29.7 Billion |
Market Forecast in 2033
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USD 42.6 Billion |
Market Growth Rate (2025-2033) | 3.9% |
Levulinic acid is an organic compound that is used to maintain the acidic balance of various pharmaceuticals, agrochemicals and solvents. It is also utilized for the manufacturing of personal care products, food additives, resins, coatings, fuel additives and biofuels. The acid is generally available in the form of white crystalline solid and is soluble in ethanol, diethyl ether and water. It is commercially produced by hydrolyzing acetyl succinate esters, ozone-based oxidation of ketones and acidic hydrolysis of furfuryl alcohol. It finds extensive applications across the pharmaceutical, cosmetic, agrochemical and food and beverage industries.
The growing agriculture and biofuel industries are among the key factors driving the growth of the market. Levulinic acid is increasingly being utilized in solvents, pesticides, fertilizers and herbicides as a green alternative to sulfuric acid. Furthermore, the increasing product adoption rate as a substitute for phthalate plasticizers in the manufacturing of polyvinyl chloride (PVC) products is another major growth-inducing factor. In comparison to phthalate plasticizers, levulinic acid is considered to be relatively less lethal for consumers. Additionally, the growing utilization of levulinic acid in the production of nylons and rubbers is positively impacting the market. Apart from this, the sodium salt of levulinic acid is also used as a preservative and a skin conditioning agent in personal care products and cosmetics. Other factors, including the flourishing construction and automotive industries, along with the increasing R&D activities in the field of chemistry and biotechnology, rapid industrialization and urbanization across the emerging nations, are projected to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global levulinic acid market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on technology, end-use industry and form.
Breakup by Technology:
Breakup by End-Use Industry:
Breakup by Form:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Avantium Chemicals B.V., Biofine International Inc., Dupont De Nemours Inc., GFBiochemicals, Great Chemical Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Langfang Triple Well Chemicals Co. Ltd., Sigma-Aldrich Corporation, Simagchem Corporation and Tokyo Chemical Industry Co. Ltd., etc.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Technology, End-Use Industry, Form, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Avantium Chemicals B.V., Biofine International Inc., Dupont De Nemours Inc., GFBiochemicals, Great Chemical Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Langfang Triple Well Chemicals Co. Ltd., Sigma-Aldrich Corporation, Simagchem Corporation and Tokyo Chemical Industry Co. Ltd., etc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global levulinic acid market was valued at USD 29.7 Billion in 2024.
We expect the global levulinic acid market to exhibit a CAGR of 3.9% during 2025-2033.
The extensive application of levulinic acid to maintain the acidic balance of various pharmaceutical products, agrochemicals, and solvents is primarily driving the global levulinic acid market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of end-use industries for levulinic acid.
Based on the technology, the global levulinic acid market can be categorized into acid hydrolysis and biofine. Currently, biofine technology exhibits clear dominance in the market.
Based on the end use industry, the global levulinic acid market has been segmented into agriculture industry, pharmaceutical industry, food industry, cosmetics industry, and others. Among these, the agriculture industry represents the largest market share.
Based on the form, the global levulinic acid market can be bifurcated into liquid and solid. Currently, liquid form accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global levulinic acid market include Avantium Chemicals B.V., Biofine International Inc., Dupont De Nemours Inc., GFBiochemicals, Great Chemical Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Langfang Triple Well Chemicals Co. Ltd., Sigma-Aldrich Corporation, Simagchem Corporation, Tokyo Chemical Industry Co. Ltd., etc.